* Dubai is worst-performing big bourse in region, apart from Qatar * Economy is strong, valuations low * But heavy exposure to real estate is dampening market * Some disappointed shareholders withdraw from market * M&A, raising foreign limits may spark …
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Dubai Airport To Use Blockchain To Create The First ‘Gate-Less Border’
The United Arab Emirates is investing more than $1 billion to make Dubai the world’s first city to run on blockchain technology. The Smart City initiative, led by Aisha bin Bishr, just took convenience to the next level by signing a deal with the British …
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The Latest: Putin talks Qatar with Abu Dhabi crown prince
Russia’s state-run Tass news agency says the two discussed “the growing tensions around Qatar.” Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar last week, accusing it backing terrorism and promoting policies that …
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Dubai startups get new funding sources
The Mohammed Bin Rashid Fund (MBRF), which is the financial arm of Dubai SME, and finance platform Beehive have signed a memorandum of understanding (MoU) to aid small and medium-sized enterprises (SMEs) with their financing needs. The MoU will enable SME …
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Hilton Abu Dhabi Yas Island Resort Announced for 2019
Hilton yesterday announced that Hilton Abu Dhabi Yas Island Resort will be part of the AED12 billion development plan announced by Miral for the southern end of Yas Island, in efforts to further position the island among the world’s most sought-after …
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The number of beggars increased during the month of Ramadan.
Abu Dhabi police has arrested 207 beggars during the first half of the holy month of Ramadan. The move coincides with their campaign to enhance peace and security during the holy month. Major General Omair Mohammed Al Muhairi, Director of Criminal Security …
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UAE will reportedly not deport Qataris married to Emirati nationals
DUBAI (Reuters) – The United Arab Emirates will not deport Qataris who are married to Emirati nationals, Abu Dhabi-based newspaper The National reported on Monday, a week after severing ties with Doha and giving Qataris 14 days to leave. In the worst Gulf …
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UAE President orders early payment of salaries for Eid
Muslims offer Eid al-Fitr prayers outside Al Noor Mosque on July 17, 2015 in Sharjah. UAE Vice President, Prime Minister and Ruler of Dubai, HH Sheikh Mohammed bin Rashid Al Maktoum has ordered the early payment of government salaries under the directives …
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UAE among top 12 countries for FDI
The UAE boasts a stable investment-conducive and business-friendly environment supported by resilient infrastructure and robust legislation that woo investors from all over the world, the minister stressed. With regards to UAE investments aboard …
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FCA to provide inspection gear to Dubai Customs
The UAE Federal Customs Authority (FCA) and Dubai Customs have signed an agreement for delivery of inspection devices to Dubai Customs in its quest to implement the latest and best inspection and control standards. The memorandum of understanding (MoU …
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Market analysis: UAE pension landscape shows promise
The UAE and wider GCC’s pension landscape is, ultimately, a nascent one. Its youthfulness gives it room for improvement, but it shows a great deal of promise. In a period of low oil prices and slower fiscal growth in the region, the subject of pension …
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Gulf crisis threatens Qatar Airways transit business: experts
Along with its Gulf peers – Dubai’s Emirates Airlines and Abu Dhabi’s Etihad — Qatar’s national carrier has captured a sizable portion of transit travel, capitalising on the Gulf’s central geographic location. But political differences between Qatar and …
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Dubai taxi hailing app Careem expands into Palestine
Dubai-based taxi hailing app Careem has announced its expansion into Palestine. The company said the launch was designed to support Palestine’s tech ecosystem and alleviate local transport issues. Operations will begin in Ramallah from June 15 with plans …
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Dubai emerges as one of top 10 destinations for international meetings
We will continue to strengthen our business events offering, and strive towards transforming Dubai into a global knowledge hub.” The total number of meetings assessed include those that are organised by international organisations, as well as ones …
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Hilton announces new Abu Dhabi property on Yas Island
Hilton and Miral announce their newest project, a 641-room room resort located on Yas Island. The new property, Hilton Abu Dhabi Yas Island Resort, will be located on a 3 km stretch of Yas Bay. This 641 room Hilton resort is to become part of the …
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Why Indian’s Fintech Startups Are Flocking To Disrupt The UAE
India’s technology startup ecosystem has grown exponentially in recent years and now appears to have caught the eye of startup enthusiasts in the UAE. The Middle East nation is keen to elevate disruptive Indian fintech startups by providing them an …
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Cash Prizes Totaling $800K at Season 3 of Abu Dhabi Grand Slam Jiu Jitsu World Tour
Abu Dhabi, UAE, 12th June, 2017: The UAE Jiu-jitsu Federation ® (UAEJJF), the official authority for the sport of jiu-jitsu in the United Arab Emirates, will offer cash prizes of over $125,000 in each of the four host cities [and over $200,000 at the …
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