Since the implementation of the UAE Central Bank's mortgage cap in 2013, buying a property has become harder. The mortgage cap required buyers to put down larger deposits against new purchases. This has had a big impact on first time buyers but as expected ... ( read original story ...)
GEMS Education reportedly weighing up IPO valued at $4bn
The Dubai-based international schools giant GEMS Education could be gearing up for an initial public offering valued at as much as $4bn and as early as next year, it has been reported. GEMS Education could launch an IPO as soon as next year, sources have said. ( read original story ...)
Dubai’s Emirates tries to tail Abu Dhabi off laptop ban list
ABU DHABI, United Arab Emirates (AP) — At Abu Dhabi International Airport, travelers bound for the United States on Tuesday enjoyed something many others flying out of the Middle East can't — walking onto an airplane with their laptop. But what has ... ( read original story ...)
Emirates, Turkish Airlines try to join Etihad off laptop ban
ABU DHABI, United Arab Emirates — At Abu Dhabi International Airport, travellers bound for the United States on Tuesday enjoyed something many others flying out of the Middle East can’t — walking onto an airplane with their laptop. But what has ... ( read original story ...)
Qatari property investors keen to offload assets in UAE
Investors from Qatar and Kuwait cumulatively accounted for Dh2 billion worth of property transactions in Dubai last year, according to the Dubai Land Department. "The majority of our Qatari clients are in a state of confusion as to what to do. Some have ... ( read original story ...)
Dubai Investments in talks to acquire Union Properties’ stake in Emicool
DUBAI Dubai Investments DINV.DU said on Tuesday it is in initial talks to buy Union Properties's UPRO.DU stake in Emirates District Cooling LLC (Emicool), in a move to take full control of the district cooling service provider. Emicool, an equally owned ... ( read original story ...)
UAE to Launch First-Ever Solar-Powered AC Bed
UAE-based Aries International Interiors said it has developed the first-of-its-kind eco-friendly and cost-effective air-conditioned bed which runs on solar energy. This innovative concept, which has been designed in association with UAE-based Aries ... ( read original story ...)
Dubai developer taps Dh524m for new mall
Dubai: The developer of Cityland Mall near the Global Village on Shaikh Mohammad Bin Zayed Road has raised Dh524 million from banks to part-finance the Dh1.2 billion development. It can avail of the funds over two years and make the repayments over a seven ... ( read original story ...)
Dubai’s Emirates working to get out from under U.S. laptop ban
DUBAI, United Arab Emirates -- The Middle East's biggest airline says it is working to implement increased security measures in response to U.S. demands to reverse a ban on laptops and other electronics onboard its U.S.-bound flights. Dubai-based airline ... ( read original story ...)
Dubai gets Dh5 billion business park
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, unveiled Emirates Towers Business Park, Dubai's new Dh5 billion business district, on Tuesday. Sheikh Mohammed said this project represents ... ( read original story ...)