Dubai: Majority of UAE CEOs (65 per cent) are very positive on the business conditions in the country during the next 12 months according to Oxford Business Group (OBG) Business Barometer UAE CEO Survey. The survey designed to gauge the business outlook of …
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UAE bank increases loan limits to nearly Dh200,000 for average earners
Dubai: A UAE-based bank is increasing the loan limits for first-time and existing borrowers, allowing a number of average-income earners to get financial assistance of nearly Dh200,000. Emirates Islamic announced on Wednesday that it is now allowing …
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Dubai Property Festival To Takes Place in Few Days
The largest property promotion event in the region will take place from 9th to 11th April 2018 at the Dubai World Trade Centre Offering unique investment opportunities and the lowest financing rate with a profit rate of 1.85% per annum on mortgages …
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Dubai’s AstroLabs opens second co-working space for start-ups
AstroLabs said those that choose to setup their companies in the space would benefit from speedier business licencing in the Dubai Multi Commodities Centre (DMCC) free zone and could establish 100 per cent foreign-owned entities. Companies to have utilised …
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Dubai Police rescue family trapped in a lift
Dubai: Dubai Police will train security guards as a first line of response to rescue people trapped in lifts after a family was trapped recently inside a lift in a shopping centre for 45 minutes. Lt-Colonel Ahmad Atiq Burqibah, deputy director of the …
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Dubai’s Prime Property Prices More Affordable Than Global Peers: Report
Dubai’s prime residential property prices have been softening, which made the emirate more economical than most of its peers around the world. However, analysts believe the prices are projected to rise, thanks to significantly lower buying costs for real …
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Abu Dhabi looks absolutely dreamy during ‘fog season’
I want to make Abu Dhabi a destination for photographers in the same way Dubai is.” Stay up to date with the top travel news stories by signing up to our newsletter or following us on Facebook.
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Sixth Turkish Airlines World Golf Cup played in Dubai
and will fly Business Class in Turkish Airlines and stay at the five-star Titanic Golf Deluxe Hotel. Abdul Moiz Khan will represent Dubai there after winning the competition with 43 points, while Marghoob Ali Khan was runner-up, Baris Saysel was third.
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France’s Accor to open first SO/ luxury hotel in Dubai
board room and business centre, pre-function space and 1,400sqm fitness centre and health club witha gym, pool and spa. It will form part of the Uptown Dubai district, under development by free zone operator Dubai Multi Commodities Centre (DMCC …
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GCC bank profits showed resilience in 2017 even as revenues fall sharply
BCG Banking Performance Index measures 44 banks across the GCC, representing 80 per cent of the regional banking market. Banks in the UAE were the most profitable in the GCC, netting in $20.4 billion in 2017 compared to $20.3bn in 2016, a 0.5 per cent …
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AP Interview: Somaliland president defends UAE military deal
The lease for the base is for 25 years. “Yes, we are allied to the United Arab Emirates and to Saudi (Arabia),” Abdi said. “All our business, main assets, are in Dubai. All our imports depend on United Arab Emirates, their ports,” he said. “We have …
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Smart system to detect vehicles with expired registration in Abu Dhabi
Abu Dhabi: Abu Dhabi Police will activate a new smart detection system to catch motorists with expired vehicle registration in the capital from April 15, the police announced on Tuesday. The new system will detect vehicles with expired registration and …
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Swiss power firm wins $90m deal for Dubai solar project
Swiss-based ABB has won an order worth more than $90 million from Dubai Electricity and Water Authority (DEWA) to build a substation that will integrate solar power from upcoming phases of the Mohammed bin Rashid Al Maktoum solar park into the city’s …
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UAE’s non-oil private sector growth eases in March
Dubai: Growth momentum in the non-oil private sector continued … Some clients linked the rise to new project wins. Incoming new business remained in sharp growth territory, posting above the long-run average in March. The rate of expansion was at a …
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‘Isaaf’ is new brand name for Dubai ambulance products
Dubai: Dubai Corporation for Ambulance Services (DCAS) has started branding its products like first aid kits under the new ‘Isaaf’ brand name, with plans to brand equipment and vehicles in ambulatory services in the future, officials announced on …
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SHUAA to act as liquidity provider to Bank of Sharjah
Dubai: Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than 5 per cent stake in the bank at any point …
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Societe Generale sets eyes on more Saudi deals as bank expands in MidEast
The Paris-based lender on Monday said it created four new positions in its Middle East hub in Dubai. Amine Jaoui will lead public sector coverage focusing on the bank’s relationships with governments, central banks and sovereign wealth funds, while …
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