LONDON: Dubai property transactions plunged by 23 percent in the second quarter, according to a report from Chestertons. But the weak property market is good news for renters who benefitted from a 2 percent decline in rents for both apartment and villas …
( read original story …)
UAE’s ADNOC Studies Banking Majors For IPO Release
The Abu Dhabi National Oil Company (ADNOC), the state-held oil company of the United Arab Emirates (UAE), is studying proposals from Goldman Sachs, JPMorgan, HSBC, and First Abu Dhabi Bank to have lead roles in the potential listing of ADNOC’s …
( read original story …)
UAE remains a bright spot for private banking
The year 2016 was marked with a series of unexpected events—from Britain’s vote for Brexit, the results of the US elections and the growth of populist movements across Europe. While all of these events projected dissatisfaction with the status quo …
( read original story …)
Report unveils Dubai and Abu Dhabi property market performance in H1 2017
The number 1 property portal in the UAE, Bayut.com, has confirmed exclusively to Al Arabiya English that the UAE estate market has witnessed a balancing act in the first half of 2017; despite both sale and rental prices in Dubai and Abu Dhabi having …
( read original story …)
Dubai Properties Invests Over AED10 Million in Community Enhancements in Sought-After Remraam Development
Dubai Properties, a leading Dubai-based real estate master developer and asset manager of renowned destinations across the emirate, has announced an investment of AED10 million for planned enhancements in the popular Remraam community, strategically …
( read original story …)
Goldman, JPMorgan, HSBC vie for lead roles on UAE ADNOC retail unit IPO: sources
ABU DHABI/DUBAI Abu Dhabi’s national oil company is weighing proposals from Goldman Sachs, First Abu Dhabi Bank, HSBC and JPMorgan for lead roles in the listing of its retail business as the emirate joins other Gulf states in privatizing assets, sources …
( read original story …)
UAE braces for surge in business travel
(MENAFN – Khaleej Times) Hotels across the #UAE reported a drop in business travellers in 2016, in line with global trends, however 2017 is proving to be a far better year for the segment, experts have said. David Scowsill, president and CEO of the World …
( read original story …)
Tech driving demand for industrial property in Dubai
RELATED ARTICLES: ‘Softening’ of Dubai property expected in 2017 | Dubai property market bottoms-out, official says | Dubai: Demand for industrial real estate drops The growth of Dubai’s technology sector amid its economic diversification effort is driving …
( read original story …)
Is Abu Dhabi’s Oil Major Eyeing An Aramco Style IPO?
Abu Dhabi’s national oil company … It would have been much more sensible to put this news in the market just after the first results would have come in from the Aramco IPO. A success in Saudi Arabia will result in an investment fever, pushing other …
( read original story …)
Abu Dhabi Tops List Of Global Cities That Indians Prefer To Stay: Survey
Mumbai: Abu Dhabi tops the list of destinations Indians would prefer to stay followed by Mumbai, Singapore, Delhi and London, a recent survey said. According to a study conducted by Ipsos, given an opportunity Indians would love to live in Abu Dhabi …
( read original story …)
Dubai Airports has the fastest free Wi-Fi in the world
If you happen to be in the Dubai International Airport availing its free Wi-Fi facility, you can reach your friends or kin the fastest than from any other airport across the world. A recent study by Speedtest – which analysed the airport Wi-Fi facilities …
( read original story …)
Abu Dhabi plans to IPO part of its state oil giant, joining a trend in the Middle East
The Abu Dhabi National Oil Company, or ADNOC, is considering an initial public offering of minority stakes in some of its services businesses. The UAE joins Saudi Arabia and Oman in announcing plans to sell equity stakes in portions of their state-owned …
( read original story …)
Now, pass through Sharjah immigration in 20 seconds
Sharjah: Now, flying out of Sharjah International Airport has … now they pass through the smart system in less than 20 seconds,” Al Midfa told Gulf News, during the launch. As many as 16 Smart Gates have been installed at the airport’s passport …
( read original story …)
British newspaper editor ‘admits he accidentally killed wife by throwing a hammer at her in their Dubai home’
Francis Matthew, the editor-at-large of the Gulf News newspaper, has been charged with murder after admitting to detectives that he killed his wife Jane, 62, during a row at their coastal Dubai house last week, authorities said. The death of Mrs Matthew …
( read original story …)
Now, pass through Sharjah immigration in 20 seconds
Sharjah: Now, flying out of Sharjah International Airport has … now they pass through the smart system in less than 20 seconds,” Al Midfa told Gulf News, during the launch. As many as 16 Smart Gates have been installed at the airport’s passport …
( read original story …)
Sharjah’s enlightening journey to World Book Capital title
Sharjah: Sharjah has recently been designated the World Book Capital for 2019 by Unesco, the UN’s cultural body. The crown comes less than two decades after a previous Unesco designation. In 1998, Sharjah was named the Cultural Capital of the Arab World …
( read original story …)
Sharjah – A City That Made Reading a Lifestyle
The story of Sharjah’s momentous cultural experience began more than four decades ago, inspired by the vision of His Highness Sheikh Dr. Sultan bin Muhammad Al Qasimi, Member of the Supreme Council and Ruler of Sharjah, who realised the great value of …
( read original story …)