On Tuesday, officials from Sharjah Electricity and Water Authority (Sewa) provided to Gulf News details about the “freehold tariff” system. There had been queries from affected residents recently who said they were unaware of the system. The standard …
( read original story …)
Abu Dhabi boy murder case: suspect ‘psychologically unfit’
ABU DHABI: There was a twist in the rape and murder case of the 11-year-old boy in Abu Dhabi, when the defense lawyer told the court that the accused cannot commit such a heinous crime and that the suspect would have been psychologically unfit at the time …
( read original story …)
Abu Dhabi warns against behaviour that offends UAE culture, society
The Abu Dhabi Police have issued fresh warning to those indulging in ‘reckless’ behaviour and actions which are offensive to the culture and tradition of UAE society. The warning comes in the wake of a 6-minute-video showing a young woman and a man …
( read original story …)
Property firm owned by Irishman manages $100m in Dubai assets
A Dubai-based property management firm led by Irish businessman Paul Mallee has achieved a milestone of $100 million (€85 million) worth of assets under management and hopes to manage 500 properties by 2020. Maison Prive, founded by Mr Mallee and his …
( read original story …)
Mawarid to raise Dh1b through IPO
“Currently we are looking at the possibility of listing in Dubai and cross-listing at some other international bourse. The IPO will be somewhere between half a billion to one billion dirhams. Our application is with the authorities and the decision when to …
( read original story …)
Lebanon foiled suicide bomb attack on Australia-Abu Dhabi flight: minister
LEBANON’S police intelligence helped to foil a plot to blow up an Emirati passenger plane bound for the United Arab Emirates from Australia last month, the country’s interior minister said. Nouhad Machnouk said on Monday that four Lebanese-Australian …
( read original story …)
Dubai Business Events gathers momentum
DUBAI — Dubai Business Events (DBE), the city’s official convention bureau, has reported strong results for the first half of 2017, with 97 bids submitted to host business events being successfully awarded to the city. The events secured since January …
( read original story …)
Man seriously injured in scrap warehouse fire in Sharjah
“It was brought under control and the cooling operations at the site are over,” he said. Another official from Sharjah Civil Defence confirmed to Gulf News that the fire was put out by 1:06pm. He said the man who was injured the fire, “was an Indian …
( read original story …)
Abu Dhabi districts see property price dips of up to 16% – report
The price of property in Abu Dhabi has fallen by between 4 and 16% depending on area in the first two quarters of this year, according to a report by Core Savills. Sales prices per square foot fell by 4% in Al Raha Gardens, 9% at Al Reef Villas, and 16% at …
( read original story …)
Bank financing for UAE property increases 6.2% in H1 2017
DUBAI: Bank financing provided to the property and construction sector in the UAE increased by $4.4bn (AED16.5bn) during H1 2017, about 6.2% from the end of 2016. The total bank credit channelled to the sector by the end of June reached $77bn (AED281.2bn …
( read original story …)
Bank financing to UAE property sector tops USD76bn in H1
(MENAFN) Bank financing offered to the property and construction sectors in the #UAE reached USD76.5bn amid the first half of the year, growing by Dh16.5bn. Accordingly, funding offered to the sectors covered 19.3 percent of the whole credit channeled to …
( read original story …)
Brevan Howard feeder-fund chair laments poor performance
He also revealed BH Macro would cancel its listings on both the Bermuda and Dubai stock exchanges in September and … Brevan Howard, the hedge fund firm co-founded by Howard and a group of former Credit Suisse traders in 2002, has suffered from …
( read original story …)
Man arrested in Dubai after smuggling 5.7M pills in sheep intestines
DUBAI, United Arab Emirates – A state-owned newspaper in Dubai is reporting a man has found himself in a legal mess after allegedly trying to smuggling 5.7 million amphetamine pills into the sheikhdom hidden inside sheep intestines. Al-Bayan newspaper …
( read original story …)
LG Debuts a Revolution in Signage Design With OLED Technology at the Iconic Dubai Mall
LG Electronics (LG) redefined the possibilities of signage design with the recent unveiling of the revolutionary video wall that is now on display at the Dubai Aquarium & Underwater Zoo – a landmark attraction located in the heart of The Dubai Mall in …
( read original story …)
3 Reasons to Buy Gold ETFs Now
Amid rising volatility, the world’s largest hedge fund – Bridgewater – suggested to put about 5% … To beat GST, Indian consumers also looked to Dubai for buying gold and jewelry. Retailers in Dubai witnessed higher demand among Indian travelers.
( read original story …)
Rocktoberfest Sponsorships And NYC Finance Luncheon At Zuma New York
This renowned restaurant has successfully launched eleven global outposts, including London, Hong Kong, Dubai, Istanbul … or: Mitch Ackles; Hedge Fund PR; 646.657.9230;
( read original story …)
PRECIOUS-Gold prices steady, but off 9-month highs as dollar firms
The Dubai Gold and Commodities Exchange and Saudi Arabian conglomerate … said its holdings rose 0.48 percent to 799.29 tonnes on Friday. * Hedge funds and money managers hiked their net long position in COMEX gold futures and options for a fifth straight …
( read original story …)