… positively in June on the back of new government decisions including the transfer of settlements for both the Dubai Financial Market (DFM) and the Abu Dhabi Securities Exchange (ADX) to the Central Bank of the UAE (CBUAE), according to Zawya. Trading …
( read original story …)
Future of banking: Evolution or revolution?
McKinsey research on urban consumers in UAE and Saudi Arabia shows that at least 80 per cent of bank consumers now prefer to do a portion of their banking on computers, smartphones, and tablets. Banks today face competition from an array of fintech …
( read original story …)
Is Dubai a model for economic diversification in the Persian Gulf?
What’s more, Dubai seems eager to add a fourth “T” to the mix: technology. The emirate has made a name for itself as a tech start-up hub and appointed a Minister for the Future to drive tech initiatives. On the cutting edge of blockchain and transport …
( read original story …)
Dubai FDI Monitor points strong gains in foreign investments in 2017
Dubai: Dubai is fast emerging as a hot destination for foreign direct investments (FDIs), especially in high tech industries and new technologies, according to the Dubai FDI Monitor annual report on FDI trends and inflows issued by the Dubai Investment …
( read original story …)
Dubai’s Emirates to serve Osaka with A380, offers Santiago discounts
76 in business and 14 in first class. The carrier already flies the A380 to Tokyo’s Narita International Airport having resumed the previously suspended service last year. Read: Dubai’s Emirates to resume A380 service to Japan’s Narita EK317 leaves …
( read original story …)
Negative impact of VAT on UAE, Saudi only short-term – PwC
UAE, which had been at a record level in December … thanks to reforms in foreign ownership rules – and broader improvements in the business environment will help boost regional economies. Richard Boxshall, senior economist at PwC Middle East, said …
( read original story …)
Less than Dh1,000 fares from UAE to Europe
A flydubai spokesperson confirmed that the deal is part of the airline’s “companion” ticket promotion and is applicable to passengers who book an adult one-way or return fare in economy or business class from Dubai to select destinations. Flyers also …
( read original story …)
Dubai’s Emirates begins direct Newark service
The direct Newark service is operated by a Boeing 777-3004ER with eight first class, 42 business class and 306 economy class seats. EK223 leaves Dubai at 3:00am and arrives in Newark at 9:00am before return journey EK224 leaves Newark at 11:50am and …
( read original story …)
UAE is the most digital-friendly country in the…
Ranked 24th worldwide and the best performer in the region, the UAE offers an impressive trade infrastructure coupled with a supportive business environment. Bahrain was ranked second in the GCC and 38th globally, according to Euler Hermes’ report titled …
( read original story …)
UAE-Canada air talks are a boost as Emirates eyes transatlantic routes
Emirates, the world’s largest long-haul carrier, aims to grow its services to Canada on the back of proposals to increase the number of direct flights between the UAE and Canada and strengthen business ties. “We have made no secret that we would like …
( read original story …)
Will new residency and company ownership rules raise UAE house prices?
Luckily for UAE investors, as I have opined in this column before, local house prices are at an attractive entry point in the price cycle now. As one of the world’s largest oil producers, the fortunes of business and house prices here closely track …
( read original story …)
New UAE visa regulations bring shift in how expats live and work
This will provide even more reason to opt for the long-term security of owning property in the UAE as opposed to renting. We could also see the focus shifting towards business owners buying offices in the UAE, as well as other commercial premises …
( read original story …)
Business Aviation at home in Dubai
Business aviation in the UAE is booming, and this growth is illustrated by the increase in business aviation presence at the biennial Dubai Airshow. The 2017 edition saw a huge representation of the industry flock to DWC, Dubai Airshow Site last November …
( read original story …)
Property owners responsible for pool safety
Abu Dhabi: The Municipality of Abu Dhabi City has to approve the … “Beyond this, ensuring that one’s private pool is safe is the responsibility of the property owner. There are no additional checks, to my knowledge, once the pool has been constructed …
( read original story …)
Dubai has helped to put squash on the map
Dubai Sports Council, Ziad Al-Turki and Laura Massaro at a press conference. Clint Egbert/Gulf News “We’ve had many firsts this season. The first couple to win a tournament together (husband and wife duo Ali Farag and Nour Al Tayeb who both won the US …
( read original story …)
Dubai chambers marks Zayed Humanitarian Day
Dubai: The Dubai Chamber of Commerce and Industry recently organised a series of charitable activities in cooperation with the Angel Appeal initiative to celebrate Zayed Humanitarian Day and the Year of Zayed. Over the course of two days, more than 100 …
( read original story …)
Saudi Aramco restructures non-oil assets ahead of IPO, sources say
DHAHRAN, Saudi Arabia/DUBAI — Saudi Aramco has created a subsidiary to house … as it restructures some assets not related to oil and gas ahead of its planned initial public offering (IPO). The move is designed to streamline Aramco’s operations …
( read original story …)