Property developer DAMAC Properties reported a 94% drop in first-quarter net profit on Wednesday, its smallest since going public in 2015, hurt by Dubai’s slumping property market. DAMAC, owner …
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UAE’s second-most penthouse sells at USD 20 million
The Palm Jumeirah is an artificial archipelago in the UAE and is known for glitzy hotels, posh apartment towers and upmarket global restaurants. (This story has not been edited by Business Standard …
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RAKBANK: Business banking partner for today and tomorrow
The Dubai SME 2021 Strategic Plan aims to increase the contribution of SMEs to the country’s GDP from below 40 per cent to more than 45 per cent by 2021. With Vision 2021 in mind, RAKBANK’s Business …
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NBF: Reliable financial partner for your business needs
As the UAE continues to cement its position as a regional business hub, National Bank of Fujairah (NBF) has also underscored its role as a dedicated financial partner to businesses across the country. …
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Flight makes emergency landing in Abu Dhabi after Indian man dies on board
A 52-year-old Indian man died on board an Alitalia flight to Milan, Italy, forcing the pilots to make an emergency landing in Abu Dhabi. Kailash Chandra Saini was accompanied by his son Heera Lal on …
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Damac’s first-quarter profits drop 94% as Dubai property market slumps
Dubai’s Damac Properties, the owner and operator of the only Trump-branded golf club in the Middle East, reported a 94 per cent annual drop in first-quarter net profit, pressured by a slump in …
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Buying property in Dubai: is a distress deal a good deal?
Assets often become distressed because of the operational and financial difficulties faced by the owner or issuer of the assets, which may result in insolvency or bankruptcy. Such situations create …
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EPA discusses intellectual property
Emirates Publishers Association (EPA)organised a cultural panel about the UAE’s leading role in protecting intellectual property, in addition to the laws issued by EPA in this regard, as part of …
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Majority of new technology investments in UAE will be on data
Enterprises in the UAE are rushing to digitally transform themselves in a bid to be operationally efficient, more agile, create new experiences for customers and create new revenue streams. About …
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Dubai’s Careem launches first bus service in Saudi Arabia
Careem Networks, the Middle Eastern ride-hailing company recently snatched up by Uber Technologies, is expanding in Saudi … a distance covering about 85 kilometres (53 miles.) The Dubai-based …
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Dubai’s Danube Properties planning three project launches in 2019 – chairman
Dubai’s Danube Properties is planning three new project launches this year, as the affordable housing developer reported a 78.5 percent rise in sales in 2018. Danube Properties, the development arm of …
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From drinking wine on a plane, to calling someone a ‘horse’ on Facebook: Here are 5 times Westerners got in trouble with Dubai’s strict legal system
Radha Stirling helps many of these foreigners with her NGO Detained in Dubai. She told Business Insider that foreigners often don’t appreciate the risk they are taking when traveling to Dubai. “People …
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Confused about AI? Dubai event offers everything you need to know in one day
The fourth industrial revolution is ushering in a new technology-driven world where machines not only do but think. According to a study by PwC, the adoption of AI solutions will increase the UAE’s …
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Schneider Electric : has set up two solar-powered Ramadan sharing fridges in the UAE
The locations are at Dubai Technology Entrepreneur Campus (DTEC) and Ras Al Khor. This community driven initiative was launched in partnership with Birla Institute of Technology and Science, Pilani …
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Executive Secretary – My Technology – Dubai Jobs
• Maintain executive’s agenda and assist in planning appointments, meetings, conferences etc. • Alert manager about cancelations or new meetings. • Handle information requests. • Prepare …
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Dubai Science Park Company Profile
Futuristic bike-inspired furniture displayed at Dubai Design Week 2018 (Ulsan National Institute of Science and Technology(UNIST)) The Graduate School of Creative Design Engineering (CDE) at South …
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UAE’s Finablr cuts IPO price in volatile markets
In the UAE, where the company is based, both stock markets in Abu Dhabi and Dubai suffered their biggest single-day declines … The full deal size of 192.5 million pounds for the initial public …
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