Abu Dhabi Securities Exchange, ADX, has received the ‘IBMC UAE-INDIA Business Excellency Award 2018’. The award is a top international recognition that honours business excellence in India and the UAE …
( read original story …)
UAE online travel sales seen topping $4.7bn in 2018
Leisure vs. business travel Leisure tourism accounted for 52 per cent of the intermediaries’ online travel sales in the UAE, with the value of transactions in this category are expected to reach Dh4.3 …
( read original story …)
Six Reasons Why UAE Attracts Global Startups
A stronger economy will help entrepreneurs to grow their business fast and attract talent. The UAE cabinet has approved a zero-deficit federal budget of AED180 billion for 2019 to 2021. Meanwhile, nex…
( read original story …)
Stimulus to support UAE markets in 2019, analysts say
At the same time, the UAE government announced higher spending into the economy in 2019 which will support the business environment and gain more investor trust.” Sheikh Mohammed bin Zayed, the Crown …
( read original story …)
UAE court upholds 10-year jail sentence of activist Mansoor: sources
DUBAI (Reuters) – A United Arab Emirates appeals court upheld a 10-year jail sentence against pro-democracy campaigner Ahmed Mansoor for criticizing the government on social media, two sources familia…
( read original story …)
Dubai New Year’s Eve 2018 LIVE: Traffic updates, fireworks latest and 2019 celebrations
It’s almost 2019, and Dubai is celebrating in style. Here at Time Out Dubai, we’ll be bringing you all the latest updates from across the city – from fireworks displays to traffic and road closures. F…
( read original story …)
Dubai stocks limp to end of worst year since financial crisis
Dubai (AFP) – Dubai’s stock market ended 2018 on Monday with a 25-percent annual loss, the worst year since the global financial crisis a decade ago, as the real estate and tourism sectors struggled. …
( read original story …)
REITs bring IPO receipts, but investor returns not so neat
Dubai was the first Gulf jurisdiction to permit Real Estate Investment Trusts (REITs), which own and manage real estate portfolios, introducing a REITs law in 2006, while Abu Dhabi, Saudi Arabia, Oman …
( read original story …)
Dubai sees ‘unprecedented’ rush on property deals in final days of 2018
Dubai Land Department (DLD) has recorded “unprecedented growth” in the last 10 days of 2018 with AED19 billion ($5.1 billion) worth of real estate deals. Sultan Butti bin Mejren, director general of D…
( read original story …)
UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
UAE-The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Speaking t…
( read original story …)
UAE- EY Corporate Finance Woman of the Year competition encourages female Emirati students to explore new business sectors
Fatma Al Jassim, 2017 UAE Pioneer award winner, spoke of the importance for young Emirati women to expand their skillset UAE winner to compete against country winners from Australia, Germany …
( read original story …)
UAE banks’ foreign reserves hit record $110bn
The net international reserves in the UAE banking sector hit an all-time high of Dh404.3 billion ($110 billion) by the end of November, up 23.1 per cent of Dh76 billion from Dh328.3 billion during the …
( read original story …)
MBFGROUP : UAE’s MBF Group eyes $2bn expansions across 5 countries including Egypt, mulls IPO
Mubasher: The MBF Group is planning to invest around AED 7 billion ($1.9 billion) in the UAE and abroad in the coming period, founder and owner Sheikh Mohammed bin Faisal Al Qassimi has revealed. Spea…
( read original story …)
UAE helicopter crash kills four crew on rescue mission near zipline
A rescue helicopter has crashed near the world’s longest zipline in the UAE, killing its crew … Social media were filled with tributes to the men as the news emerged, with many Emiratis offering con…
( read original story …)
UAE’s banking sector profitability to remain strong in 2019
Dubai: The UAE’s banking sector maintained steady asset growth, improved profitability and asset quality in 2018 and is expected to deliver similar performance in 2019, according to bankers …
( read original story …)
Super-fast WiFi rolls out in UAE
Super-fast internet connection will be available throughout the three terminals at Abu Dhabi Airport. Image Credit: Getty Images Dubai: Millions of passengers at Abu Dhabi Airport will now have …
( read original story …)
Abu Dhabi International Airport rolls out ‘Super-Fi’ internet connectivity
Super-Fi sees upload and download speeds of up to 200mbps per user, among the fastest airport internet services available in the world Abu Dhabi Airports today announced its airport-wide roll out of ‘ …
( read original story …)