Dubai property prices marginally down in Q2

The property prices across Dubai, UAE, witnessed a marginal drop as fresh supply in the apartment, villa and commercial segments continued to place downward pressure on rental rates and sales prices, according to a report. This trend will continue as the ... ( read original story ...)

Dubai: UK journalist charged with wife’s murder

A British journalist at a newspaper in Dubai has been charged with murdering his wife, the emirate's government says. Francis Matthew, editor-at-large of Gulf News, was arrested after his wife Jane Matthew, 62, died on 4 July. The Government of Dubai's ... ( read original story ...)

UAE’s Oil Firm ADNOC Mulls IPOs, More JVs

ADNOC, however, stressed that there are no plans for an IPO of ADNOC itself, the group holding company ... and securing greater access for ADNOC products in key growth markets, the UAE’s company said. ADNOC will also be looking to deepen its existing ... ( read original story ...)

Adnoc eyes partnerships and IPO of subsidiaries

DUBAI: Abu Dhabi National Oil Company (Adnoc) said on Monday it is considering an initial public offering (IPO) of minority stakes of some of its services businesses. The company is also expanding its partnership model to target investment opportunities in ... ( read original story ...)

Growth in Dubai’s private sector gathers steam during June

The improvements in the overall business conditions in Dubai’s non-oil private sector gathered steam in June, according to a new report. The seasonally adjusted Emirates NBD Dubai Economy Tracker Index rose to 56.5, up from May’s seven-month low of 55 ... ( read original story ...)

Is your employer asking for bank statement? Here’s what to do

You may advise your employer that you will not provide your personal bank account statement. However, you are willing to provide the same to the authorities in the UAE, if asked by the authorities. The detention of a passport by the employer against the ... ( read original story ...)

Return on investment for UAE property still strong

The UAE real estate market has witnessed a balancing act in the first half of 2017, according to new research by property portal Bayut.com. Despite both sale and rental prices in Dubai and Abu Dhabi witness a small dip, the market still represents a rich ... ( read original story ...)