DIB closed at Dh6.17, up 1.48 per cent. Dubai Investments closed 2.02 per cent higher at Dh2.53. Damac Properties closed 2.31 per cent higher at Dh3.99. Marka closed more than 3 per cent higher at Dh0.755. “Marka witnessed a bullish breakout after …
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Game-Changing Qatar Law to Grant Expats Permanent Residency
They will also be given priority, after locals, for military and civilian public jobs and would be allowed to own property and run certain commercial … analyst with the Control Risks strategy firm in Dubai. It also meshes with Qatar’s public relations …
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Qatar permanent residency offer a ploy to keep expatriates from leaving
Dubai: Amid growing concerns its expatriates are pondering … hopes that by affording skilled expatriates the same education and healthcare rights as Qataris and property ownership, it will not lose them and, will not have, consequently, to face …
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MIDEAST STOCKS-Strong Q2 results support Al Othaim, Aldar in otherwise flat trade
DUBAI, Aug 3 (Reuters) – Saudi Arabia’s supermarket and Abu … In Abu Dhabi, shares of the largest listed developer, Aldar Properties, climbed 1.3 percent to 2.37 dirhams after it reported a 5.6 percent drop in second-quarter profit to 620 million dirhams …
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UAE’s ENOC secures $500m revolving credit facility
Standard Chartered Bank and BBK B.S.C. ENOC Group’s chief executive, Saif Humaid Al Falasi, said: “Over the next five years, the group will focus on expanding capacities to support domestic energy demand in alignment with Dubai Plan 2021 and in …
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Exclusive: Goldman Sachs buys into Aramco $10 billion loan as it seeks IPO role – sources
DUBAI (Reuters) – Goldman Sachs (GS.N … It is common practice in capital markets to first establish banking relationships through loan transactions which are then followed by other deals. Goldman purchased a portion of the $10 billion revolving credit …
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PU to set up campus in Dubai
LAHORE: The Punjab University (PU) Hailey College of Banking and Finance (HCBF) and Professionals and Accountancy Centre (PAC), established under Knowledge and Human Development Authority (KHDA), Dubai, on Thursday signed a memorandum of understanding for …
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Dubai tourist confuses government building for a mall
Dubai: The government buildings of Dubai are quite impressive when you compare them to some of the office around the world. But one French couple recently confused a Dubai Municipality office for a shopping centre. On its social media account, Dubai …
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UAE’s Aldar Properties Q2 net profit falls 5.6 pct on lower revenues
The results come against a backdrop of a slowing economy and property market in the oil-rich capital of the United Arab Emirates. Aldar made a net profit attributable to owners of 620 million dirhams ($169 million) in the three months to June 30 compared …
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UAE’s Aldar Properties Q2 net profit falls 5 pct
The results come against a backdrop of a slowing economy and property market in the oil-rich capital of the United Arab Emirates. Aldar made a net profit of 620 million dirhams ($169 million) in the three months to June 30 compared to 654 million dirhams …
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Landmark Qatar Law to Grant Permanent Residency to Expats
They will also be given priority, after locals, for military and civilian public jobs and would be allowed to own property and run certain commercial … analyst with the Control Risks strategy firm in Dubai. It also meshes with Qatar’s public relations …
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How to get a buy-to-let mortgage for a British property if you have moved overseas
Most lenders require the property to wash its face … Sweden Krona, Chinese Yuan/Renminbi, United Arab Emirates Dinar, Saudi Arabian Riyal, Hong Kong Dollar, Kuwaiti Dinar and Singaporean Dollar. The mutual will take a limited amount of earned income …
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28% GST to negatively impact travellers: EIH
Oberoi said a number of managed property would be commissioned during the current fiscal. Two property in Chandigarh and the UAE had been already commissioned.
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Moving house in Dubai? DEWA just made it a whole lot easier…
But now the Dubai Electricity and Water Authority (DEWA) has launched a new service to help. The ‘Move To’ service, allows customers to transfer their electricity and water accounts just by submitting the Ejari tenancy contract for the new property.
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Dubai Customs doing fine
Ahmed Mahboob Musabih, director of Dubai Customs, said the significant growth in the number of customs transactions processed is due to their commitment to provide first-class facilities to traders in order to attract more trade and business into Dubai.
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Dubai Customs delivers 4.5m transactions in H1
Submit Claim service accounted for 458,000 transactions at 10.2 per cent while Book Inspection Appointment service contributed 139,000 transactions at 3.11 per cent and Register Business 53,400 transactions at 1.1 per cent. Transactions delivered by Dubai …
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Banker sues hotel for AED50 million after finding bloodied bandage in meal
Dubai: A high-profile UAE banker is suing a top Dubai-based hotel for AED50 million after he discovered a bloodied bandage in his meal during a business dinner with VIPs. Shortly after dinner was served, the banker was shocked to find the blood-soaked …
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