Muscat: Development of pockets of unutilised land within developed areas is a growing trend within Dubai’s heavily populated urban areas, signalling the start of a new phase of maturity in the local real-estate market, said an expert. However, this …
( read original story …)
Revealed: who is spending most in Dubai’s real estate market
Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017. The new list confirms that UAE nationals are most active, outperforming all other nationalities.
( read original story …)
UAE cuts sentences for Singaporeans jailed for cross-dressing
Nur Qistina Fitriah Ibrahim and Muhammad Fadli Bin Abdul Rahman were arrested in Abu Dhabi on 9 August for “wearing women’s clothes in public”. A court found them guilty last week and sentenced them to a year in prison. But UAE officials now say they will …
( read original story …)
UAE- Islamic banking attracts flocks of Pak customers
(MENAFN – Khaleej Times) Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including #UAE banks’ #Pakistan units …
( read original story …)
Islamic banking attracts flocks of Pak customers
Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks’ Pakistan units are launching new products …
( read original story …)
UAE prison time dropped for transgender Singaporean, friend
A transgender Singaporean and her friend facing a year in prison in the United Arab Emirates for dressing in a feminine way have seen their sentences reduced to a fine and deportation, an official said Monday. Nur Qistina Fitriah Ibrahim, a transgender …
( read original story …)
VAT in the UAE: How technology can ease your taxing pain
Value added tax. That’s nothing new – at least to the majority of people roaming Earth. As a matter of fact, EY’s VAT guide for 2017 shows there are 120 countries worldwide that impose this levy, or 62 per cent of the 195 recognised nations. But on that …
( read original story …)
Dubai financial center’s Hive creates buzz in regional fintech market
I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
( read original story …)
UAE insurance premiums rise 17% – study
Gross insurance premiums (GPW) of publically listed insurers in the UAE rose by 17 percent in the first half of 2017, according to a report. The study by S&P Global Ratings found that as of June 2017, GPW for 28 out of the country’s 30 listed insurance …
( read original story …)
Abu Dhabi slaughterhouses ready for Eid
Abu Dhabi: Slaughterhouses across the capital are ready to meet the demand for slaughtering of animals during Eid Al Adha, the Municipality of Abu Dhabi City announced in a statement issued on Sunday. About 8,000 animals are expected to be slaughtered …
( read original story …)
Dubai financial center’s Hive creatives buzz in regional fintech market
I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
( read original story …)
Securing digital banking transformation in the UAE
As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given the increasing risk of internet banking frauds, the question remains, “is it still safe …
( read original story …)
Saudi banking outlook to improve in second half of 2017
Dubai: Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in balance sheet growth and profitability while improving asset quality during the first half of 2017. Banking sector …
( read original story …)
Sharjah Library forms digital link with British Library
The Sharjah Public Library, a subsidiary of the Sharjah Book Authority (SBA), will provide digital access to thousands of rare books and periodicals on Arabic and Islamic culture, which are held at the British Library in London. The British Library …
( read original story …)
Dubai suburbs are becoming popular among tenants
More and more tenants in Dubai are increasingly moving from established communities to suburban areas. Landlords in suburban communities are offering relatively new properties at more competitive rents and terms. These neighbourhoods also deliver in terms …
( read original story …)
Why this luxury home developer thinks Toronto and Dubai real estate is alike
The head of a large Middle Eastern luxury home developer saw something of Dubai in Toronto’s real estate market when he visited the major Canadian city recently. “In a way, Toronto and Dubai share a number of similarities,” says Hussain Sajwani …
( read original story …)
Abu Dhabi’s Bloom Properties begins work on JVC project
Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in …
( read original story …)