Emaar Hospitality, the hospitality arm of Emaar Properties, and Arada, the property developer, have launched the first phase of off-plan sales for Vida Residences Aljada, marking Vida’s first entry …
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Abu Dhabi court jails and fines nine people in Dh306 million money laundering case
Nine accused and nine companies were convicted in a money laundering case by an Abu Dhabi court on Tuesday. The convicted individuals were handed sentences ranging from seven to 10 years, and fines of …
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Dubai aiming for a cashless society
With an objective to go cashless, the Dubai Government has launched the Dubai Cashless Framework Report, developed by Smart Dubai and the Dubai Department of Finance, to enable all transactions in the …
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Dubai expat jailed, fined Dh48,825 for embezzling over Dh48,000 from petrol station
A Dubai expat, who fled the UAE after embezzling over Dh48,000 from a petrol station, was sentenced to three months in jail by the Court of First Instance on Tuesday. The court ordered his deportation …
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IPO-bound Biocon Biologics in talks with Abu Dhabi fund ADQ to raise fresh capital
If the negotiations fructify— coming two weeks after the Goldman Sachs deal—it would mark the fourth successive investment in the Kiran Mazumdar Shaw-led Biocon unit in 2020.The last fundraise was …
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UAE tourism outlook: Demand for domestic experiences to grow more than ever
The growth in domestic tourism in the UAE has risen due to COVID-19 restrictions on international travel and is set to accelerate further in the coming years, according to the CBRE Group. In its …
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US President-elect Joe Biden’s win “bullish for Dubai property cycle”
Former US Vice President and current US President-elect Joe Biden’s resounding win in the American presidential elections over incumbent President Donald Trump, as well as news from pharmaceutical …
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Global Wireless Pick to Light Market 2020 by Key Players, Regions, Type and Application, Forecast to 2026
MarketsandResearch.biz has announced a new market research study namely Global Wireless Pick to Light Market 2020 by Company, Regions, Type and Application, Forecast to 2026 that presents a detailed …
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Al Qana development Abu Dhabi is now nearly complete
There’s a lot of excitement about the Al Qana development in Abu Dhabi. Speaking to sister publication Construction Week, Fouad Mashal, CEO of Al Barakah International Investment, the company behind …
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West Asia Wrap: Al Hilal claim bragging rights in Riyadh Derby, Al Sadd, Sharjah continue fine form
Dubai: Al Hilal SFC defeated Al Nassr 2-0 to claim bragging rights in the Riyadh Derby as the defending champions continued to set the pace in the Saudi Pro League.
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UAE opens up the economy, allows 100% foreign ownership of firms: Report
In a major shake-up of foreign ownership laws aimed at attracting investment into an economy reeling from the coronavirus and a decline in oil prices, the government of the United Arab Emirates …
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UAE to allow 100% foreign business ownership: Key points to note
The UAE announced on Monday that foreign nationals will now be allowed to own 100 per cent of commercial companies within the country, eliminating the need for a UAE national to hold the majority …
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UAE and Israel – a partnership that can help the world
Israel can help the UAE expose its tech startups to partners and investors in the West, while the UAE can be Israel’s gateway to Asia and the East.
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ADIB provides $24.8mln finance for UAE client’s UK investment park buy
We are delighted to have supported our UAE-base client with a tailored financing solution to acquire an income producing, high-quality asset in the UK offering long-term secure income. “The continued …
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UnionPay Partners with Abu Dhabi Islamic Bank to Enable Contactless Payment on 15,000 Terminals throughout UAE
PRNewswire/ — UnionPay International (UPI) has partnered with Abu Dhabi Islamic Bank (ADIB), one of the United Arab …
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UAE to take action against non-registered Hawala operators from December 3
The UAE Central Bank will start taking legal action against non-registered Hawala service providers when registration deadline expires on December 2, 2020, after which no Hawala service provider will …
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Gauahar Khan, Zaid Darbar Make Stylish Appearance as They Return from Their Dubai Vacation
Newly engaged couple Gauahar Khan and Zaid Darbar, have returned from their Dubai vacation and were spotted at Mumbai airport.
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