DUBAI, Jan 15 (Reuters) – First Abu Dhabi Bank, the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are …
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CBB approves Ithmaar’s Dubai listing
Ithmaar owns two wholly-owned subsidiaries: Ithmaar Bank, a Bahrain-based Islamic retail bank, and IB Capital, an investment subsidiary. Ithmaar Bank and IB Capital are both licenced and regulated by the CBB. Ithmaar Bank owns 66.6 per cent of Faysal Bank …
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UAE says Qatar fighter jets intercept flight; Doha denies it
The UAE’s state-run WAM news agency made the claim on Monday, citing the country’s General Civil Aviation Authority. “The GCAA received a message from one of the UAE’s national carriers on Monday morning that one of its aircraft on a flight to Manama on a …
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Reem Weekend is Coming to Abu Dhabi
Residents and visitors to Abu Dhabi this weekend will be able to enjoy a new waterside weekend attraction at one of the City’s most desirable destinations – Reem Island, courtesy of Aldar Properties, Abu Dhabi’s leading listed property development …
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VAT could hit UAE property market in 2018
There are 17,000 apartments scheduled to enter the market in 2018 through completions at projects including New Dubai Gate in JLT, The Pad in Business Bay, Eagle Heights in Sports City and Serenia Residences on Palm Jumeirah. However, actual completions …
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Emaar says to distribute Dh4bn of dividends from real estate subsidiary IPO
“This was a successful IPO despite [challenging] economic conditions,” Mohamed Alabbar, chairman of the Dubai-based property developer Emaar Properties told a shareholders meeting on Sunday night. Mr Alabbar announced total dividends of Dh3,007,090,330 …
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Qatar monitoring Sheikh Abdullah’s ‘detention’ in UAE
UAE’s foreign ministry denied that Sheikh Abdullah was held against his will. A statement published by the official Emirati news agency (WAM) cited a source at the ministry as saying that “Qatar’s Sheikh Abdullah bin Ali Al Thani has come as a guest to the …
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Indian tour guide on trip to Dubai dies at hotel
one of tourists told Gulf News on Sunday. The death certificate said it was a natural death due to heart disease, as per the forensic report, said Kalpana Agarwal. Tragedy struck the group from Mumbai on the last day of their five-day tour in Dubai.
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Banking on China’s global ambitions
And we expect that it will grow over the years.” China has been the largest trading partner of the UAE for the past three years The bank also expects a rise in interest from Chinese-based companies, too, and is ready to serve them. “The large …
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Qatari royal says he is ‘being held against his will’ in UAE
The video was published on a YouTube channel run by Emirates news site UAE 71. This is a complete turnaround from last year when Sheikh Abdullah appeared out of nowhere as a significant player in the political feud pitting the Saudis and Emiratis against …
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Mystery over ‘detained’ Qatari sheikh in UAE
“Sheikh Mohammed bears full responsibility for anything that happens to me.” The UAE denied that Sheikh Abdullah was being held against his will, with state news agency WAM reporting he was in the country “at his own behest”. “Sheikh Abdullah has …
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UAE law firm Baker McKenzie Habib Al Mulla launches tax practice
He joins from leading tax advisory firm Cragus Group. 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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Qatar exile says he’s held by UAE; Abu Dhabi denies claim
The video, immediately aired by Doha-based news network Al-Jazeera, shows Sheikh Abdullah saying he was invited to Abu Dhabi as a guest of “Sheikh Mohammed.” Sheikh Abdullah appears to refer to Abu Dhabi’s powerful crown prince, Sheikh Mohammed bin Zayed …
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Dubai Economy Issues 19,877 New Licenses in 2017
As Dubai retained its attractiveness as a competitive and sustainable business hub in 2017, the Business Registration & Licensing (BRL) sector in Dubai Economy witnessed 288,878 transactions, including 19,877 new licenses, during the entire year …
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11 great cafes in Dubai to get your work done
This little cafe is a hidden gem in the usually crowded Dubai Mall. It has great views of the fountains, as well as tons of natural lighting. The menu has a nice selection of coffee, juices and soft drinks. The most important thing is that the Wi-Fi is free.
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UAE shops told to give correct change after VAT
Read: UAE consumers to pay 25% more for some products This meant a customer buying an item for Dhs1 could potentially pay Dhs1.25 instead of the Dhs1.05 after VAT was added. The new instructions issued on Saturday mean shops have instead been instructed to …
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Special report: How child-friendly is Dubai?
“During my maternity leave, I noticed that Dubai is a great city for babies/kids — there is a lot to do, with many events and classes to attend but we, as parents, barely know about [many of them],” Rabeiz told Gulf News. “As a mum of two, I …
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