… International said a court in the United Arab Emirates had sentenced a dissident professor to 10 years in prison for online activism on Wednesday, calling the move a violation of free speech. State news agency WAM reported that an appeals court in the …
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Mitsubishi UFJ optimistic on Saudi project finance, Aramco IPO role
Dubai: Mitsubishi UFJ Financial Group (MUFG) expects double-digit growth in its project finance business in the Middle East in 2017, driven partly by Saudi Arabia’s efforts to reduce its dependence on oil, the bank’s co-head in the region Elyas …
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OPEC compliance with oil curbs rises in March as UAE joins cut: survey
LONDON/DUBAI (Reuters) – OPEC oil output is likely to fall for a third straight month in March, a Reuters survey found on Wednesday, as the United Arab Emirates made progress in trimming supplies while maintenance and unrest cut production in exempt …
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Merged UAE banking giant seen earning bigger MSCI weighting
Dubai: A mega-merger of the two biggest banks in the UAE should leave the combined company with a larger representation on the benchmark emerging-market index, triggering hundreds of millions of dollars of inflows to the stock, according to calculations by …
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DIB launches Panin Dubai Syariah Bank in Indonesia
Dubai Islamic Bank (DIB), the largest Islamic bank in the UAE, has launched Panin Dubai Syariah Bank in Indonesia, following its acquisition of 40 per cent shares in PT Bank Panin Syariah Tbk. DIB had acquired around 25 per cent shares of Bank Panin …
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UAE visa on arrival for Indians with US visa, Green Card
Dubai: Indian passport holders with a valid American visa or a Green Card will now be eligible to obtain a UAE visa on arrival, as per the decree approved by the UAE Cabinet, it was announced on Wednesday. The visa will be valid for 14 days, with a single …
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Vice Media expands to the Middle East with Dubai office
Vice announced its arrival with a party on Wednesday at the glitzy Armani Hotel in the world’s tallest tower, the Burj Khalifa, in Dubai, the global trade hub where the New York-based company will set up its regional headquarters. Vice reckons the region …
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Speed limits reduced on two major Dubai roads
The maximum speed limits on two of Dubai’s major roads is set to be reduced, it was revealed on Wednesday. Dubai’s Roads and Transport Authority (RTA) and Dubai Police announced that the maximum speed limit on Emirates Road and Sheikh Mohammed Bin …
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Amazon clinches deal to buy Middle East online retailer Souq.com
Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar’s Emaar Malls. The value and terms of the agreement, which deal adviser Goldman Sachs called “the biggest-ever …
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Abu Dhabi fund loses crisis-related arbitration against Citigroup
(Reuters) – Citigroup Inc
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Abu Dhabi renter is confused whether animals are allowed on property
Are pets allowed in apartment blocks in Abu Dhabi? I’ve viewed apartments in a particular tower with three agents and each gives me a different answer as to whether I am allowed my pet. Finally, one of them told me to go to the head manager and said it …
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Dubai Police officer who fined himself turns a hero
Dubai: A Dubai policeman issued a fine in his own name after hitting a parked vehicle and put a note on the damaged car belonging to an Egyptian doctor. The officer’s gesture warmed the heart of the doctor, who took to social media to express his …
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Watch: Dubai Police rescue men from ship
But the pilot noticed a small ship nearby and it was carrying sand, and it was good place to land and rescue the sailors,” Lt Colonel Al Mazroui told Gulf News. Soon after, a Dubai Police rescue boat arrived and transferred the three sailors to the …
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Dubai Based Ride-Hailing Firm Careem Seeks Acquisition, IPO an Option
Dubai-based ride-hailing company Careem is looking for acquisition opportunities and is considering an initial public offering as a possible option but has no timeframe in mind, its founder and CEO said. Careem, which competes with Uber and operates from …
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Dubai girl, 16, challenges deportation after convicted of consensual sex
Dubai: A 16-year-old schoolgirl is disputing a deportation order and seeking to stay with her family after a court convicted her of having consensual sex with a driver in his car’s backseat. In December, the Dubai Juveniles Court found the Asian teenager …
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Get ready for longer UAE school summer break
The Abu Dhabi Education Council confirmed to Gulf News that June 22 will be the last school day for students this academic year, with pupils returning to class on September 10. Similarly, the Knowledge and Human Development Authority (KHDA) in Dubai has …
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UAE to exempt new residential property from VAT
… property including sales and leasing in the UAE will be exempt from value added tax (VAT), according to the UAE’s finance ministry. In a VAT briefing session for advisors last week, the ministry also confirmed that there will be one exception …
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