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Category: BUSINESS

Posted on 18/05/2021

Ramadan 2021 saw most transactions recorded in Dubai during the holy month

Over 4,800 properties worth $2.8 billion were sold in Dubai during the holy month, an all-time record Ramadan this year saw the highest-ever number of transactions for the holy month with 4,804 …
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Posted on 18/05/2021

Dubai property market: Buyers splurged $2.7bln during Ramadan

There was always a myth that the real estate market slowed down during Ramadan and a few years ago we dove into the data and debunked that myth. Ramadan has proven to be a stro …
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Posted on 18/05/2021

Time for a rethink on the UAE’s red listing? An open letter to Grant Shapps, the UK’s Secretary of State for Transport

As the UAE’s coronavirus cases continue to decline, and the nation is named as one of the most covid-resilient in the world, Arabian Business is urging a rethink on the emirates’ Red List status …
( read original story …)


Posted on 18/05/2021

Due Diligence, Digitized: Dubai-Based Startup Diligend Is Working Towards Simplifying Decision-Making For Investors Through Its Centralized Platform

A part of in5’s community of startups in Dubai, the firm offers fund due diligence for investors and consultants, monitoring of fund managers, as well as research management and customer relationship …
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Posted on 18/05/2021

Dubai Fintech Mamo Secures $8M via Pre-Series A Round, Will Expand Operations into UAE, Saudi Arabia

Dubai-headquartered Fintech firm Mamo has reportedly secured $8 million through a pre-Series A funding round. Mamo offers a digital wallet and payments platform and has previously raised $1.5 million …
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Posted on 18/05/2021

DJ Khaled Lights Up Dubai Festival City Mall With IMAGINE, the Spectacular Laser, Light and Water Show

Album Khaled Khaled, Dubai Festival City Mall will launch a spectacular new IMAGINE show this Eid Al Fitr Show to feature lasers, lights, fountains as well as the largest outdoor projection, …
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Posted on 18/05/2021

Abu Dhabi lends a helping hand to Covid-hit startups

Kolkata: The startup ecosystem in Abu Dhabi is keen on boosting its counterparts in India and other countries with financial aid, global linkage and mentorship that can help the latter revive and …
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Posted on 17/05/2021

Get your heart pumping at this brand-new Fitness First club

There are a number of classes every fitness enthusiasts must try… Fitness First, one of the world’s leading health and fitness brands has recently opened a brand-new club at Dubai Festival City Mall.
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Posted on 17/05/2021

Dhs1million up for grabs with Dubai Summer Surprises

Al Bustan Centre, Al Ghurair Centre, Al Khail Gate Community, Al Warqa City Mall, Burjuman Centre, Binsougat Centre, Bay Avenue, Dubai Outlet Mall, Mudoon Community, Oasis Mall, Shurooq Community, …
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Posted on 17/05/2021

The Noodle House electrifies delivery fleet

Sarood Hospitality’s homegrown legacy brand introduces new fleet of electric bikes in latest expansion to sustainability commitment …
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Posted on 17/05/2021

Fitch Affirms Sharjah Islamic Bank at ‘BBB+’; Outlook Stable

Fitch Ratings has affirmed UAE-based Sharjah Islamic Bank PJSC’s (SIB) Long-Term Issuer Default Rating (IDR) at ‘BBB+’ wit …
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Posted on 17/05/2021

Israel tries to lure UAE tourists despite violence

As violence flares within Israel and on a day in which Israeli airstrikes on Gaza City killed at least 42 people Sunday, it was business as usual for a senior Israeli tourism official in Dubai as she …
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Posted on 17/05/2021

Dubai’s Emirates not looking at any layoffs as it looks to gradually ramp up operations

Emirates, which is currently operating to almost 120 destinations, is at roughly 30-35 per cent of capacity, says senior official …
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Posted on 17/05/2021

Sharjah Ramadan Festival concludes with over AED 700mn in sales

The 31st Sharjah Ramadan Festival, organised by the Sharjah Chamber of Commerce and Industry (SCCI), came to an end after reaching more than AED 700 million in sales. The final raffle draw was held on …
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Posted on 17/05/2021

Dubai fintech Mamo raises $8m in pre-series A funding

Dubai-based fintech, digital wallet and payments platform Mamo raised $8m in its pre-Series A funding round, it announced on May 17. The round was led by Global Ventures, along with the participation …
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Posted on 17/05/2021

Dubai-Based Insurtech Startup Sehteq Appoints Dr. Hazem Al Madi As Managing Director As It Looks To Gain A Larger Foothold In The MENA Region

With the appointment of Dr Hazem Al Madi as its new Managing Director, Sehteq is all set to enter a new chapter in its growth trajectory.
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Posted on 17/05/2021

Sheikh Mohammed welcomes everyone to Dubai as world’s first in-person tourism event begins

This year’s event has 1,300 exhibitors from 62 countries including the UAE, Saudi Arabia, Israel, Italy, Germany, Cyprus, Egypt, Indonesia, Malaysia, South Korea, the Maldives, the …
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