GEMS Education, the Dubai-based school operator backed by Blackstone Group, is planning to delay an initial public offering after the local government unexpectedly said it would freeze school fees, according to people with knowledge of the matter.
( read original story …)
Three-day Eid holidays for UAE banks
Dubai: The Central Bank of UAE has instructed banks operating in the UAE that the Eid Al Fitr holidays for the banking sector will be for three days, starting from the first day of Eid. The holidays will be for the first three days of Shawwal and the work …
( read original story …)
GEMS Plans to Delay IPO After Dubai’s Freeze on School Fees
GEMS Education, the Dubai-based school operator backed by Blackstone Group LP, is planning to delay an initial public offering after the local government unexpectedly said it would freeze school fees, according to people with knowledge of the matter.
( read original story …)
Du to offer free wifi across the UAE for Eid
UAE telecoms operator du will provide free wifi for seven days at over 400 hot spot locations across the UAE to celebrate Eid Al Fitr, it announced on Tuesday. The offer will be available from June 12-18, with the wifi speed operating “10 times faster …
( read original story …)
Du announces free high-speed WiFi across the UAE during Eid
Eid Al Fitr is only a few days away, and while we still don’t quite know on which date the annual celebration at the end of Ramadan will fall, we do have some good news for those who like to stay connected around the city. Dubai-based telco Du has …
( read original story …)
The business of Ramadan: Religion and capital converge in the UAE
However, it’s when the fasting is broken after sundown with the iftar meal that the big business moves are being made. Between obligatory prayers, meals and meetings in household Majilis offer prime networking opportunities for Dubai’s business elite.
( read original story …)
Dubai property ‘a money-laundering haven’
The report by the Washington-based Centre for Advanced Defence Studies, relying on leaked property data from the city-state, offers evidence to support the long-whispered rumours about Dubai’s real-estate boom. It identifies some $US100 million ($A131 …
( read original story …)
Dubai to cut municipality fees at hotels, restaurants
“This decree will expand the series of measures announced days earlier and aimed at supporting companies operating in Dubai, reducing the cost of doing business and attracting new investments,” he added. Today, Dubai is one of the world’s most …
( read original story …)
Report describes Dubai real estate as money-laundering haven
DUBAI, United Arab Emirates — War profiteers … Afghanistan in 2010 saw regulators demand that a banker turn over 18 Palm Jumeirah villas and two business properties. The brother of former Afghan President Hamad Karzai also profited from the sale …
( read original story …)
Dubai real estate labelled as money-laundering haven in new report
Dubai’s easily flipped luxury properties offered an opportunity for those wanting to park money they otherwise couldn’t spend. The Federation of American Scientists warned based on news reports in 2002 that “money-laundering activity in the UAE may total $ …
( read original story …)
Indians probed by govt agencies are linked to high-end real estate in Dubai
INDIAN NATIONALS investigated by various agencies in India, including CBI, for alleged financial crimes and links to opaque offshore entities figure on a global database of those connected to properties in over 20 prime real estate projects in Dubai.
( read original story …)
Hyatt Capital Gate Abu Dhabi Rebranding As An Andaz
I wouldn’t want to stay here if my goal was to sightsee in Abu Dhabi, but for a quick overnight it’s an unbeatable option. The hotel is also a Category 4 World of Hyatt property, so it has been a great option if wanting to redeem an anniversary free …
( read original story …)
Abu Dhabi-based VPS Healthcare said to hire Rothschild on London IPO
VPS Healthcare hired Rothschild & Co to advise on a potential initial public offering in London … A London listing by VPS Healthcare would follow other UK share sales by UAE-based medical firms. Abu Dhabi’s NMC Health Plc has risen just over 1,700 …
( read original story …)
Dubai to waiver late property registration fee
RELATED ARTICLES: Sheikh Hamdan approves DLD restructure | DLD to use Artificial Intelligence to verify Ejari contracts | DLD reviews rental law with retail operators Dubai’s Executive Council has told the Dubai Land Department (DLD) to scrap a fine on …
( read original story …)
Dubai business conditions rebound in May
Business conditions in Dubai recorded a sharp improvement in May – at the fastest pace in 13 months – on the back of increased output and new orders. Key drivers to this upward momentum in the non-oil private business included travel and tourism and …
( read original story …)
Qatar takes UAE to UN’s highest court over blockade
… government of Qatar is taking the United Arab Emirates (UAE) to the UN International Court of Justice over what it described as human rights violations, according to the official Qatar News Agency (QNA). The move on Monday comes a year after the UAE …
( read original story …)
UAE’s Central Bank downgrades 7 exchange houses for money-laundering violations
The Central Bank of the UAE downgraded the licences of seven exchange houses on Monday after the companies violated regulations such as anti-money laundering rules. The exchange houses are now banned from carrying out any transactions related to …
( read original story …)