After months of speculation, Dubai-based property developer Damac Properties has emerged as the new owner of Italian fashion house Roberto Cavalli. Last month, Arabian Business reported Damac ... ( read original story ...)
First Abu Dhabi Bank Proposes to Remove Foreign Ownership Limit
(Bloomberg) -- First Abu Dhabi Bank PJSC proposed removing a cap on the foreign ... companies in the U.A.E. may apply similar measures," it said. This “is positive news for U.A.E banks as it may allow ... ( read original story ...)
UAE banking giant eyes removal of cap on foreign ownership limit
First Abu Dhabi Bank has proposed removing a cap on the foreign ownership limit in its sharers after the UAE started loosening rules to attract international investors. The board’s proposal is subject ... ( read original story ...)
‘Smart Dubai’ Initiative Receives a Boost as DAG Platform Comes On Board
This massive undertaking involves embracing the technology for as many government services as possible. The Smart Dubai initiative was founded following the vision of Sheikh Mohammad bin Rashid Al ... ( read original story ...)
Emirates NBD second quarter net profit surges 80% on income from unit IPO
Emirates NBD, Dubai’s largest lender by assets ... Middle East and Africa that joined the FTSE 250 Index of London-traded equities last month. NI's IPO was the biggest of the year at the time of its ... ( read original story ...)
XAD Technology Company Jobs 2019 in UAE
Qualified and well educated candidates for the positions of Chief Accountant, Manager Human Resource, Manager Administration, Manager Operation Telecom required for a leading XAD Technology Company in ... ( read original story ...)
Dubai International airport installs 15,000 solar panels
Etihad Energy Services Company, a wholly-owned subsidiary of the Dubai Electricity and Water Authority, was involved in the project's installation. Michael Ibbitson, who is executive vice president ... ( read original story ...)
Dubai tourism has strong growth potential over the next decade
Ross Veitch, CEO of Wego, said the travel and tourism industry in Dubai continues to expand with more focus on leisure and entertainment. "As the number of millennials and Generation Z travelling for ... ( read original story ...)
First Abu Dhabi Bank Proposes Removing Foreign Ownership Cap
(Bloomberg) -- First Abu Dhabi Bank PJSC proposed removing a cap ... This “is positive news for U.A.E banks as it may allow international banks to take strategic stakes in local lenders ... ( read original story ...)
US fears Iran seized UAE-based tanker in Strait of Hormuz
DUBAI, United Arab Emirates — A small oil tanker from the United Arab Emirates travelling through the Strait of Hormuz entered Iranian waters and turned off its tracker three days ago, leading the U.S ... ( read original story ...)