Somalia’s foreign minister said Dubai state-owned port operator DP World should reconsider … to be a state independent from Somalia,” Ahmed Isse Awad, told Reuters news agency on Friday. Awad said DP World’s agreement to develop an economic zone and …
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Owner of Travelex, UAE Exchange prepares for potential London IPO
DUBAI, April 23 (Reuters) – Currency and money transfer firms Travelex and UAE Exchange are to come together under one holding company in preparation for a possible stock market listing in London, executives said on Monday. The holding company Finablr will …
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No rush to IPO, says Emaar Hospitality CEO
Emaar Hospitality Group is in no rush to list its business on the stock exchange, the company’s CEO Olivier Harnisch told a packed audience on the opening day of the Arabian Travel Market in Dubai. “Some of Emaar’s other units have gone on to IPO.
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Hedge-fund investors pour into oil as firms predict surge to $80
Hedge funds investing in oil are luring capital at the fastest pace … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Dubai’s New Mortgage Law to Bring More Flexibility, Financing Options
Another target of the law would be create “alternative financing methods” over and above what is offered via direct bank finance. These proposals and the follow-through will be the responsibility of the Dubai Land Department. It follows a set of …
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World Earth Day: Middle East’s solar projects are growing
READ: What is leading UAE’s $820bn constructions? In one of its latest initiatives, Saudi Arabia has signed a memorandum of understanding with Softbank, Japanese multinational, to construct a sprawling solar power unit of 200 GW by 2030. Pegged as world …
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UAE poised to benefit from China’s Belt & Road Initiative: HSBC
“It is fitting that a dialogue on the New Global Trade Order is happening here in the UAE, which is the gateway to growth in the Middle East and beyond and which World Bank data shows is a crucial meeting point for two-way trade worth $570 billion (Dh2 …
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Sharjah Airport plans construction of new terminal
Dubai: The head of the Sharjah Airport Authority on Sunday said there are plans … director of the authority. In an interview with Gulf News at the Arabian Travel Market exhibition, Al Qasimi said the authority is currently working on the design of …
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DED Dubai and Free Zones council in pact to facilitate business for free zone entities
Dubai: The Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the Dubai Free Zones (DFZ) Council to facilitate business operations for free zone based companies. The collaboration is driven by the shared …
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Dubai ArtBank to use cryptocurrency instead of cash
Dubai: The Dubai ArtBank, the world’s first digital bank for art, has established the emirate as a technology pioneer in the global creative economy. The art bank was launched by the Dubai Culture & Arts Authority (Dubai Culture) during the 12 edition of …
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High-rise tower in Dubai catches fire
DUBAI, United Arab Emirates — A fire broke out Sunday at a prominent skyscraper in Dubai, sending smoke billowing from its roof and those inside fleeing into the streets. An Associated Press journalist saw firefighters and police on the scene of the blaze …
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High-rise tower in Dubai catches fire; no injuries reported
DUBAI, United Arab Emirates (AP) — A fire broke out Sunday atop a prominent skyscraper in Dubai, sending smoke billowing from its roof and those inside fleeing into the streets before firefighters extinguished the blaze. No injuries were reported. An …
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Boy, 7, drowns off Abu Dhabi beach
Abu Dhabi: A seven-year-old boy from the Gulf died after drowning in Abu Dhabi beach on Saturday evening, said police. The victim’s eight-year-old brother, who was also swimming at the beach, sustained moderate injuries and was treated at Al Rahba Hospital.
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Dubai Airports and Dubai Parks and Resorts Sign Exclusive Agreement to Feature the Theme Park Destination in DXB
DUBAI , United Arab Emirates–(BUSINESS WIRE)–Dubai Airports, operator of the world’s busiest international airport Dubai International, and DXB Entertainments PJSC (DFM:DXBE) owner of Dubai Parks and Resorts the Middle East’s largest integrated theme …
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Dubai SME to Support Women’s Summit Aimed at Steminism, Feminisation and Entrepreneurism
Dubai SME has been an official partner of the Summit since the inaugural edition along with the Dubai Business Women Council (DBWC), CEO Clubs Network, American Chamber of Commerce Abu Dhabi (AMCHAM Abu Dhabi) and Young Arab Leaders (YAL). Boeing keeps its …
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Dubai economy slows in 2017
This year Dubai’s government departments have been asked to propose a series of reforms designed to boost business confidence and economic growth. These include the rationalisation of government fees and a new mortgage law.
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Demand for business loans picked up as retail credit lagged in the first quarter
Dubai: Appetite for business loans has moderately increased across the board, with the exception of the Emirate of Abu Dhabi, according to the Credit Sentiment Survey of the Central Bank of UAE for the first quarter of 2018. The survey is a quarterly …
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