This follows the opening late last year of the Marriott Downtown, and is the 12th Abu Dhabi property in the Marriott-Starwood portfolio – and the 47th in the UAE. Before the hotel’s spectacular opening festivities I talk to Alex Kyriakidis, Marriott …
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Dubai property prices down 20% on end-2015
Dubai property prices are now at levels not seen since late 2012 and early 2013 following an 18-month slide in values, according to listings site PropertyFinder. In a report, the company said median property sales prices in the emirate fell 20 per cent …
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In Dubai, F&B brands hit the malls and the roads
Dubai: “Even if you aren’t coming down to shop … new concepts coming into being, and even in the business volumes being generated. In between new malls opening with their food courts, F&B brands are finding a home in communities.
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Dubai airport streamlines check-ins
Dubai: New biometric facial recognition and new-generation smart gates will streamline check-in and immigration clearance at Dubai International Airport Terminal 3, said authorities on Tuesday. New generation smart gates will be installed in coming months …
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Dubai among world’s 10 best places to visit on earth
A new global study has just named Dubai one of the world’s most fascinating places to visit on earth, trumping other popular destinations like Las Vegas or Venice. The latest travel rankings by the US News and World Report ranked Dubai as the tenth best …
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In Dubai, F&B hits the malls and the roads
It has “shown an upward trajectory as consumer spending on socialising and eating out continues to grow with UAE nationals and expatriates alike,” notes a recent report issued by CBRE, the real estate consultancy. (It picks the food truck business as …
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UAE military buildup draws scrutiny after Yemen allegations
With soccer sponsorships, record-setting skyscrapers and wintertime golfing, the United Arab Emirates has projected an image of comfort and opportunity in a volatile region. But the quiet expansion of its military footprint is drawing a different kind of …
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Dubai graduate develops technology to detect air toxins
Dubai: An Iranian graduate from a Dubai university has invented air quality technology that allows people with respiratory diseases to detect harmful air toxins. By using a set of algorithms based on artificial intelligence, the technology allows patients …
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VAT in the UAE and the challenge with financial…
Countries that levy this tax have struggled with this issue, and approaches taken to reconcile theory and practicality are rather diverse Value added tax is definitely coming to the UAE and an important question is how financial services will be treated.
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European stocks jump as crude, Nestlé power gains
Dubai – European stocks started the week on the front foot … The Stoxx Europe 600 Index rallied led by food and beverage shares and Nestlé SA after hedge fund Third Point confirmed it has amassed a $3.5bn stake in the region’s biggest company.
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Daimler invests in ride-hailing firm Careem’s latest funding round
DUBAI — Dubai-based ride hailing firm Careem will step up … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
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Saudi’s Kingdom Holding, Daimler invest in ride-hailing firm Careem
Dubai-based ride hailing firm Careem will step up expansion … Participants also included venture capital firm DCM Ventures and hedge fund Coatue Management. Sheikha said Careem could speed up existing plans to expand its number of registered drivers …
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Saudi’s Kingdom Holding buys $62 mln stake in ride-hailing firm Careem
Carmaker Daimler and Saudi Arabia’s Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal, have taken part in an $150 million investment in Dubai-based ride-hailing Venture capital firm DCM Ventures and hedge fund Coatue Management also …
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Gold nears four-week low; time to buy?
Check the latest gold rates in Dubai Spot gold is expected to drop to $1,243 per … a trader at MKS PAMP Group, said in a note. Hedge funds and money managers raised their net long position in COMEX gold for the third straight week to the highest …
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Asia-Pacific Crude-Trade brisk as regional tenders in focus
BRENT-DUBAI EFS *Brent’s premium to Dubai swaps was at $0.89 per … at its Sakai refinery on Tuesday after planned maintenance. MARKET NEWS *Hedge fund managers have become very bearish about the outlook for oil prices as production from countries outside …
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Forex gold rates in dubai
will councils leadership decisions to internal research common and more time which been Hedge fund forex trading strategies and addition … or comprehensive intermediaries and instead Ikon forex dubai might consideration standardized of 2.
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Qatar riyal quoted below peg but no threat of devaluation, bankers say
DUBAI Qatar’s riyal is being quoted weaker than its peg against … His strategy may be working; after falling sharply in the offshore forwards market QAR1Y=W, which banks use to hedge exchange rates 12 months from now, the riyal has come off its lows …
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