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Posted on 29/03/2017

Vice Media expands to the Middle East with Dubai office

Vice announced its arrival with a party on Wednesday at the glitzy Armani Hotel in the world’s tallest tower, the Burj Khalifa, in Dubai, the global trade hub where the New York-based company will set up its regional headquarters. Vice reckons the region …
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Posted on 29/03/2017

Speed limits reduced on two major Dubai roads

The maximum speed limits on two of Dubai’s major roads is set to be reduced, it was revealed on Wednesday. Dubai’s Roads and Transport Authority (RTA) and Dubai Police announced that the maximum speed limit on Emirates Road and Sheikh Mohammed Bin …
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Posted on 29/03/2017

Amazon clinches deal to buy Middle East online retailer Souq.com

Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar’s Emaar Malls. The value and terms of the agreement, which deal adviser Goldman Sachs called “the biggest-ever …
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Posted on 29/03/2017

Abu Dhabi fund loses crisis-related arbitration against Citigroup

(Reuters) – Citigroup Inc has prevailed in the latest arbitration pursued by Abu Dhabi Investment Authority over the sovereign wealth fund’s $7.5 billion investment in 2007 to shore up the then-struggling bank during the subprime mortgage meltdown.
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Posted on 29/03/2017

Abu Dhabi renter is confused whether animals are allowed on property

Are pets allowed in apartment blocks in Abu Dhabi? I’ve viewed apartments in a particular tower with three agents and each gives me a different answer as to whether I am allowed my pet. Finally, one of them told me to go to the head manager and said it …
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Posted on 29/03/2017

Dubai Police officer who fined himself turns a hero

Dubai: A Dubai policeman issued a fine in his own name after hitting a parked vehicle and put a note on the damaged car belonging to an Egyptian doctor. The officer’s gesture warmed the heart of the doctor, who took to social media to express his …
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Posted on 29/03/2017

Watch: Dubai Police rescue men from ship

But the pilot noticed a small ship nearby and it was carrying sand, and it was good place to land and rescue the sailors,” Lt Colonel Al Mazroui told Gulf News. Soon after, a Dubai Police rescue boat arrived and transferred the three sailors to the …
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Posted on 29/03/2017

Dubai Based Ride-Hailing Firm Careem Seeks Acquisition, IPO an Option

Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said. Careem, which competes with Uber and operates from …
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Posted on 29/03/2017

Dubai girl, 16, challenges deportation after convicted of consensual sex

Dubai: A 16-year-old schoolgirl is disputing a deportation order and seeking to stay with her family after a court convicted her of having consensual sex with a driver in his car’s backseat. In December, the Dubai Juveniles Court found the Asian teenager …
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Posted on 29/03/2017

Get ready for longer UAE school summer break

The Abu Dhabi Education Council confirmed to Gulf News that June 22 will be the last school day for students this academic year, with pupils returning to class on September 10. Similarly, the Knowledge and Human Development Authority (KHDA) in Dubai has …
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Posted on 29/03/2017

UAE to exempt new residential property from VAT

… property including sales and leasing in the UAE will be exempt from value added tax (VAT), according to the UAE’s finance ministry. In a VAT briefing session for advisors last week, the ministry also confirmed that there will be one exception …
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Posted on 29/03/2017

Dubai Investments manufacturing assets grow to Dh3.05 billion

Dubai Investments, the leading, diversified investment company listed on the Dubai Financial Market, has achieved consistent growth in its manufacturing business with total assets in the sector increasing to Dh3.05 billion, constituting 19 per cent of the …
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Posted on 29/03/2017

Dubai Property launches new apartment project Mudon Views amidst rising demand in the heart of Dubailand

Dubai Properties (DP) has announced the launch of Mudon Views, a lively, dynamic and vibrant apartment complex, within the popular Mudon residential master community in Dubailand. The launch comes amidst growing demand for high return real estate …
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Posted on 29/03/2017

10 reasons why you must invest in Dubai property

Dubai is hosting the next World Expo in October 2020. The Expo will attract approximately 25 million visitors from 180 nations. The announcement of the Expo in Dubai has boosted the off-plan property sector. Investors who are buying property near the Expo …
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Posted on 29/03/2017

Amazon buys Souq.com after $800M counteroffer

DUBAI, United Arab Emirates — Amazon purchased the Middle East’s biggest online retailer Souq.com on Tuesday for an undisclosed amount, a day after a state-backed firm disclosed a US$800 million counteroffer. A joint statement described the purchase as …
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Posted on 29/03/2017

Ramp for improvement: Travel writer in wheelchair rates Dubai’s accessibility

I told my family,” Raag told Gulf News. While Raag suffers from arthrogryposis, a condition that was diagnosed from birth and affects the joints, she was always determined to take on the challenges and explore the world. “When it comes to Dubai …
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Posted on 29/03/2017

Why Dubai closed 25% of shawarma shops

Dubai: Authorities have closed down as many as 141 shawarma outlets for failing to comply with health and safety standards. That makes 25 per cent of shawarma shops in Dubai, according to a senior official at the municipality. “Out of the 573 shawarma …
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