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Category: BUSINESS

Posted on 18/01/2018

Dubai’s Star Business Centre to accept Bitcoin

The Star Business Centre, offering state-of-the-art fully furnished offices for new investors, business people and those international companies seeking suitable ready-made fully furnished plug-and-play workplaces, has announced that it is now ready to …
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Posted on 18/01/2018

Dubai Chamber membership hits 217,000

The uptick highlighted growing demand for the service which is designed to facilitate international trade and improve ease of doing business in Dubai. HE Hamad Buamim, President and CEO of Dubai Chamber, explained that the Chamber’s international expansion …
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Posted on 18/01/2018

Dubai ruler launches first unfenced desert conservation reserve

Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President and Prime Minister and Ruler of Dubai, has launched the Marmoom Reserve project, the first unfenced desert conservation reserve in the country. The reserve spans 10 percent of the emirate of Dubai …
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Posted on 18/01/2018

Dubai Islamic Bank Announces Full Year 2017 Financial Results

Dubai Islamic Bank (DFM: DIB), the first Islamic bank in the … Full Year 2017 Results Highlights Profitability remains on a robust northbound trajectory driven by core business growth and effective cost management Financing continues to drive balance …
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Posted on 18/01/2018

Dubai office supply forecast to top 9m sq m by end-2018

Therefore, the majority of upcoming offices are concentrated in established commercial areas such as Tecom, the DIFC, and Business Bay. Future office supply in Dubai is expected reach 9.13 million sq m and 9.28 million sq m at the end of 2018 and 2019 …
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Posted on 18/01/2018

Dubai’s Jumeirah appoints Four Seasons VP as new CEO

Dubai hotel company Jumeirah has announced the appointment of former Four Seasons vice president Jose Silva at its new chief executive officer. He previously served as regional vice president for France, Switzerland, Spain and Portugal at Four Seasons and …
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Posted on 18/01/2018

Dubai Financial Market launches allocation service

Dubai Financial Market (DFM … funds and further promote their participation especially that it complies with their way of doing business.” The exchange said it had set comprehensive regulation governing the new mechanism including timeframes of …
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Posted on 18/01/2018

Dubai Islamic Bank net profit up 11% on core business growth

Dubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday recorded 11 per cent growth in net profit in 2017, driven by core business growth and effective cost management. DIB said its net profit crossed Dh4.5 billion while total income exceeded …
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Posted on 17/01/2018

An opportunity not to be mist! Stunning footage shows Dubai’s skyscrapers poking out from above a blanket of fog

Rustam Azmi, an Indian business owner who has lived in Dubai for 28 years, took the pictures from the 88th floor of a tower in the marina and from the Index and Executive towers in the downtown area. The 31-year-old said: ‘I have seen the golden age of …
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Posted on 17/01/2018

VAT In The UAE: How Is Your Business Affected?

As we have entered January, the first month of the new VAT regulations in the UAE, business owners across the Emirates are bracing themselves for a big change. Historically, the UAE has operated one of the simplest taxation systems in the world. But in …
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Posted on 16/01/2018

UAE set to be removed from EU blacklist of tax havens

The European Union will probably remove the UAE and South Korea from a blacklist of tax havens later this month. Following “new commitment letters signed at high political level,” the EU’s Code of Conduct working group on business taxation …
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Posted on 16/01/2018

UAE will complain to UN over Qatar war planes

The United Arab Emirates will lodge a complaint against Qatar at the United Nations’ aviation agency on Tuesday after Qatari war planes allegedly intercepted UAE civilian aircraft, a UAE official said. The UAE said on Monday that Qatari air force jets …
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Posted on 16/01/2018

Gemini Property Developers Appoints National Piling for 29-Storeyed Symphony – Business Bay

Gemini Property Developers, a Dubai-based boutique real estate developer, has announced the appointment of National Piling as piling and shoring contractor for the upcoming 29-storeyed Symphony – Business Bay, being developed at Business Bay area – the …
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Posted on 16/01/2018

Seven Dubai flights diverted due to heavy fog

“Low visibility caused by foggy weather conditions have disrupted normal operations at Dubai International (DXB) this morning with seven in-bound flight diverted to a neighbouring airport,” the spokesperson told Arabian Business. “Dubai Airports is working …
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Posted on 16/01/2018

Revealed: Dubai’s most expensive communities

Downtown Dubai and the nearby Old Town community are the most expensive areas to rent and buy apartments, according to new research from Propertyfinder Group. According to the research, the most expensive area to buy an apartment is downtown Dubai …
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Posted on 16/01/2018

We Need Part-Timers and Students to Cut Costs: Restaurant Owners in Dubai

Dubai’s F&B business owners are getting that sour taste — and it’s not just the steep rents they fork out that’s causing it. So they are looking for some sweeteners that could help make things better for them. “The fact that we are only able to …
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Posted on 16/01/2018

Dubai’s Emirates to resume flights to Istanbul Sabiha Gokcen Airport

42 business class and 310 economy class seats. This will increase Emirates’ weekly flights to Istanbul to 16 with 6,500 seats. EK119 will leave Dubai at 10am and arrive in Istanbul at 1:45pm. Return flight EK120 will leave Istanbul at 3:45pm and arrive i …
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