Dubai – Mubasher: Damac Properties has mandated banks for the sale of a US dollar-denominated debt, Reuters reported on Monday. The company has a $100 million sukuk issue maturing on 21 March and a $650 million sukuk issue maturing in 2019, the news agency …
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wasl Launches Karama Bazaar
wasl Asset Management, one of the largest real estate development and management companies in Dubai, has announced the launch of wasl Karama Bazaar, which will provide free stalls for Emirati small business owners. The event will be hosted at the Karama …
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Claims the design of new iconic skyscraper, the Dubai Frame, was stolen
“What do you do when the independent government agency trusted by the ruler of Dubai to regulate and monitor the real estate developer’s performance actually participates in a cover-up operation that deprives investors of their rights?” Oye sai
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Noor Bank partners with DAMAC Properties to offer home financing on select luxury residential units
The real estate industry represents one of the main pillars of the … on 4 February at an exclusive event at the DAMAC Hills Sales Center in Dubai. In addition to preferential pricing, the bank offered personalised service, discounted processing fees …
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Danube Properties unveils $82m project in Dubai
Dubai-based developer Danube Properties launched today its new $82m (AED300m), G+4 realty project called ‘Resortz’. The development project, planned for Dubai’s Arjaan neighbourhood, will consist of 444 units – 25 of which will be retail shops …
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DAMAC Properties Dubai (DAMAC:DU) Heffx Trading Outlook
Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. The projected upper bound is: 2.87. The projected lower bound is: 2.66. The projected closing price is: 2.76. A big black candle occurred.
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CBK signals end to licensing freeze with nod for Dubai bank
The Central Bank of Kenya (CBK) yesterday signalled its intention to lift the moratorium it had imposed on the licensing of new banks, saying it had started processing one local and one foreign application to set up operations. The CBK said it would …
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Dubai airports gets world's fastest free airport Wi-Fi
Commenting on DXB’s latest offering, Michael Ibbitson, Executive Vice President of Technology and Infrastructure at Dubai Airports said, “As the biggest international airport in the world, we are at the heart of many journeys across the globe. To support …
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Dubai Real Estate News: Jumeirah Central
Jumeirah Central, Dubai’s new urban mixed-use district, will make its international debut at MIPIM 2017, the annual gathering of the world’s most influential international property players. Master planned by Dubai Holding, the global investment holding …
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Deportation, Dh250,000 fine for Facebook abuse
The Court of First Instance in Dubai issued the verdict against the man in absentia for misusing information technology means, according to a notification of judgement seen by Gulf News. The court has also ordered to delete the related photos and close the …
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UAE airlines likely to see falling profits this year: IATA
ABU DHABI (Reuters) – The profitability of airlines based in the United Arab Emirates, the Middle East’s main aviation hub, is likely to fall this year amid limited growth in demand, the head of IATA said on Tuesday. The UAE is home to Emirates …
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UPDATE 1-Profit of UAE airlines will likely fall this year: IATA
ABU DHABI, March 14 The profitability of airlines in the United Arab Emirates, one of the Middle East’s two big aviation hubs, is expected to fall this year, the director-general of the International Air Transport Association (IATA) told reporters on Tuesday.
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Dubai man arrested for feeding cat to dogs in horrific viral video
Dubai Police have arrested the man behind the horrific viral video, showing him feed a cat to dogs. Major General Khalil Al Mansouri, Director of CID confirmed that police arrested the man who posted a video on social media showing him feed a live cat to …
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Dubai government agencies to adopt Blockchain technology
Dubai government agencies will soon start pilot projects based on Blockchain technology, with a series of services set to go live from early next year. Smart Dubai announced on Tuesday that it would design and build a shared Blockchain platform. It will be …
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Dubai Airports home to world’s fastest WiFi
Following a recent upgrade, Dubai Airports now offer the world’s fastest free WiFi connection to millions of passengers that travel each month. The WiFi, dubbed WOW-Fi, provides a connection up to 100mbps which enables faster downloads and uploads of …
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UAE Bankruptcy Law: A guide for business directors
The new UAE Bankruptcy Law (Federal Law No. 9 of 2016) has put a spotlight on the treatment of companies in financial difficulties in the United Arab Emirates. It comes into force on 29 December 2016. We set out a summary of the key points in the Law.
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Dubai Airport rolls out world’s fastest free airport Wi-Fi
Dubai Airports has unleashed the world’s fastest free wi-fi connection at an airport to millions of passengers that travel through DXB each month. Aptly named WOW-Fi, the service provides internet connection up to a staggering 100mbps surpassing all …
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