Average office rents across Dubai softened by 4.3 percent year-on-year in the first quarter of 2018 despite greater activity levels, according to a new report. Knight Frank Dubai, in its Q1 2018 UAE Commercial market update, said the occupier market …
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du’s Ramadan Video Demonstrates How Simple it is to #KeepOnGiving
First, by connecting people through incredible data and roaming offers, as well as the provision of high speed WiFi UAE in all locations … environmentally friendly boxes for families in need throughout Dubai and the Northern Emirates.
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Dubai Is Opening a Park Inspired by Stories in the Quran
Created by the Dubai Municipality, the park will contain 12 orchards … They will cleverly contain solar panels with Wi-Fi, an output for charging phones and act as a shaded area for visitors too. Of course, no park is complete without a children’s …
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Saudi Aramco IPO ‘most likely’ to happen in 2019
The Aramco IPO would be a once-in-a-generation event for financial markets … 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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Dubai Bank raids Kenyan rivals for top management
Giant Gulf lender Dubai Islamic Bank’s local subsidiary, DIB Bank Kenya, has hired top executives from leading local rivals, taking its total staff count to 112 as it seeks to gain a toe-hold in the Kenyan market 13 months after its launch. The Dubai …
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Al Kaabi opens UAE exhibition in Venice
Dubai: Noora Mohammad Al Kaabi, Minister of Cultural and Knowledge Development, on Thursday opened the Lifescapes Beyond Bigness exhibition at the National Pavilion UAE participating in the 16th International Architecture Exhibition of the Venice Biennale …
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Cyclone Mekunu to cause scattered showers in UAE
Mohammad Al Ebri, director of the National Centre of Meteorology (NCM) in Abu Dhabi, told Gulf News that while Mekunu was a Category 2 storm on Friday, with winds of up to 167km/h at its centre, it will be downgraded to a tropical depression as it travels …
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Cyclone Mekunu forecast to have ‘minimal’ impact on the UAE
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UAE sovereign wealth fund Mubadala pays $271m for stake in Gazprom oil subsidiary
“This cements the link between GCC countries and Russia,” Giorgos Beleris, a Dubai-based oil analyst for Thomson Reuters, told Arab News. Richard Mallinson, co-founder of London research consultancy Energy Aspects and a research associate with the …
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Sharjah inmates get a second chance at life
Dr Shaikh Sultan paid off their debts amounting to Dh20 million. Colonel Ahmad Suhail, director-general of Sharjah Punitive and Rehabilitation Establishments, told Gulf News that the facility spares no effort to lend a helping hand to their inmates …
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Abu Dhabi helping eradicate global poverty
ABU DHABI – The Abu Dhabi Fund for Development (ADFD) spent Dh1.4 billion in 2017 in its bid to help eradicate global poverty and achieve sustainable development in developing countries. In its latest report, ADFD said the Dh1.4 billion it spent last …
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Pakistan hires UAE banks to raise $200m loan
The government of Pakistan is raising a $200 million syndicated loan with three UAE banks, banking sources familiar with the matter said, as Islamabad clings to external funding to stave off the pressure of balance payments. The loan, with a one-year …
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UAE Central Bank gold reserves jump 6.6% in value
The value of the UAE Central Bank’s reserves of gold bars rose to around Dh1.72 billion during the first quarter of 2018, a growth of 6.6 per cent from Dh1.099b during the corresponding period 2017. Statistics issued by the bank showed that its reserves …
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Central Bank of UAE Publishes 2017 Financial Stability Report
The Central Bank of the UAE (CBUAE) today publishes the Financial Stability report for the year 2017. The Financial Stability Report provides information on the strengths and vulnerabilities of the UAE financial system and the regulatory and policy …
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Dubai-bound passenger held at Delhi airport for smuggling forex
NEW DELHI: A Dubai-bound passenger was arrested by Customs officials at the Delhi airport for allegedly trying to smuggle out foreign currency worth Rs 2.94 crore, the Customs department said today. The accused was intercepted when he was completing …
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Dubai SME licenses first business incubator
Dubai SME, the agency of the Department of Economic Development (DED) in Dubai mandated to develop the small and medium enterprise (SME) sector, has announced the licensing of the first business incubator in Dubai. The milestone follows the introduction of …
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Cyclone Mekunu will not reach UAE: National Centre of Meteorology
Dubai: The National Centre of Meteorology said today that the tropical cyclone Mekunu centre is located approximately 475km from Salalah, Oman, and 190km from Socotra Island, currently moving with a speed of 10km/h towards the north. “The estimated wind …
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