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Posted on 11/01/2018

Aramco securing cheap loans before IPO

DUBAI: Saudi Aramco is working to secure billions of dollars … Saudi Arabia’s push to ensure what could be the world’s biggest initial public offering (IPO) goes ahead in 2018, despite market speculation that sale plans might be delayed or even …
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Posted on 11/01/2018

Technical issues hit visa issuance at Sharjah’s Al Hamriyah free zone

A top official at GDRFA Sharjah told Gulf News that they were working to fix the problem but it could take some time. He said the problem started due to a system change from online to e-channel and added that the company responsible for the transition was …
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Posted on 10/01/2018

Aldar says to step up handovers of Abu Dhabi homes in Q1

Aldar Properties has annnounced that it will step up the handover of homes in a number of residential developments in Abu Dhabi by the end of March. As well as continuig to deliver units at its Ansam and Al Hadeel developments, Aldar said in a statement …
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Posted on 10/01/2018

Dubai Airports and ITP Media Group to Launch Breakthrough Media Brand

DUBAI, United Arab Emirates–(BUSINESS WIRE)–In a world-first, Dubai Airports and ITP Media Group have joined to launch Time Out DXB, a new media brand with the opportunity to engage with the 90 million passengers that pass through the world’s leading …
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Posted on 10/01/2018

UAE sets world record for ‘Largest Environmental Sustainability Lesson’

Abu Dhabi: The Zayed Future Energy Prize on Wednesday earned the … This is the first time,” Samer Khallouf, official adjudicator from Guinness World Records told Gulf News. The 30-minute lecture highlighted how young people around the world can help …
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Posted on 10/01/2018

Dubai Ruler visits President’s representative

Al Ain: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, on Wednesday visited Ahmad Khalifa Al Suwaidi, the President’s Representative, at his residence in Al Muwaiji area, to check on …
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Posted on 10/01/2018

Dubai Airport’s biometric challenge

Frances Marcellin finds out more from Michael Ibbitson, executive vice president, technology & infrastructure. Dubai Airport handled 83.6 million passengers in 2016. With the International Air Transport Association (IATA) expecting 7.2 billion passengers …
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Posted on 10/01/2018

Growth of Dubai’s non-oil sectors slowed in December, says Emirates NBD

The wholesale and retail sector – indexed at 54.9 – was found to be Dubai’s best performing sector, followed by construction (53.5). The slowest business sector improvements were found in the travel and tourism sector (51.2). “The decline in the …
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Posted on 10/01/2018

Kuwait-backed Aston Martin said to eye $6.8bn IPO

Investors’ interest in an IPO this year could be bolstered by the planned expansion … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 10/01/2018

Saudi Aramco working to raise cheap loans before IPO – banking sources

DUBAI, Jan 10 (Reuters) – Saudi Aramco is working to secure billions of dollars in cheap loans from banks seeking to strengthen their ties with the oil giant before its stock listing, banking and export credit agency (ECA) sources said.
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Posted on 10/01/2018

Dubai Real Estate Transactions Reach AED 285 Billion for 2017

The Dubai Land Department (DLD) recently revealed the annual results of the Dubai real estate market for 2017, with the total real estate transactions exceeding AED 285 billion through 69,000 real estate transactions. Commenting on DLD’s Annual …
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Posted on 10/01/2018

Dubai non-oil private sector growth hits 14-month low

Growth in business activity was the lowest seen from Dubai’s non-oil private sector companies since April 2016 and the rate of hiring was the weakest since June 2017. New orders continued a run of increasing activity since March 2016 but also grew at the …
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Posted on 10/01/2018

Dubai’s Nakheel selects Ibis brand for JVC hotel

“Our hospitality business continues to go from strength to strength, as we design and deliver a diverse range of hotels, resorts and serviced residences at key locations across Dubai, and partner with world-leading hotel brands to bring new hospitality …
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Posted on 10/01/2018

Dubai’s non-oil economy index dips in December

Dubai’s non-oil private sector economy slowed in December, recording the weakest growth in business activity since April 2016, however the overall business activity and new work remained sharp in the emirate, according to a new survey. The Emirates NBD …
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Posted on 10/01/2018

Brit jailed in Dubai for sending WhatsApp rant to dodgy car dealer over ‘deathtrap’ second-hand motor

A BRIT working in Dubai was jailed there for moaning on WhatsApp about a second-hand car. Estate agent Yaseen Killick, 29, paid £6,000 for the VW Golf only for it to break down within hours. Yaseen Killick, 29, was arrested as he waited at Dubai airport …
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Posted on 10/01/2018

DLD Launches Dubai Property Festival

Dubai Land Department (DLD) announced the launch of Dubai Property Festival (DPF), a three-day sales and purchase event to be held at the Dubai World Trade Centre April 9 – 11, coinciding with a series of events in Dubai aimed at attracting global …
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Posted on 10/01/2018

The UAE has carried out 6 cloud-seeding missions

Dubai: The rains across the UAE was helped by successful cloud … Omar Al Yazeedi, director of research and development at the National Centre of Meteorology (NCM), confirmed to Gulf News that six cloud-seeding missions were launched over the last two …
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