This marks the first stable quarter for rents in the emirate in over two years. Cluttons’ Dubai Spring 2018 Property Market Outlook reports that while the rental market has shown signs of stabilizing, the growing volume of off-plan investment stock …
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Abu Dhabi, Shanghai plan exchange focusing on China trade
according to Beijing’s official Xinhua news agency. Ultimately, the new exchange will support not only the Belt and Road initiative but also the internationalization of the Chinese yuan in the region, Teng said. Abu Dhabi is trying to build up ADGM …
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Now, go around in a three-wheeler in Dubai
Dubai Financial Centre as well as Jumeirah Beach Residence. “We are launching this as a pilot with Careem and believe this can be a great solution for short rides and last mile,” said Dr Yousuf Al Ali, CEO of DTC, while speaking to Gulf News after the …
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Cityscape Abu Dhabi show is a bellwether of a recovering property market
The UAE’s real estate developers engaged in a flurry of activity at this year’s annual Cityscape Abu Dhabi exhibition – despite a string of reports that have forecast continued declines in sales and rental values across the country until the end of 2018.
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Dubai property prices fall faster, Abu Dhabi holds on
Dubai property prices are falling at increased speed. The Dubai Residential Property Sales Price Index for all residential estates decreased by 2.6 points, from 248.7 to 246.1, which represents a decline of 1.05 per cent in March 2018, according to the …
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Abu Dhabi Hires Ex-HSBC Banker to Head New Oil Trading Unit
Abu Dhabi National Oil Co. hired Philippe Khoury, formerly an energy banker at HSBC Holdings Plc, to head up its new unit for trading crude oil and refined products. State-owned Adnoc is bolstering its capacity to buy and sell crude and fuels as it expands …
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VIP Terminal at Abu Dhabi International Airport Achieves ISO 9001 Certification
Abu Dhabi Airports announced yesterday that its VIP Terminal at Abu Dhabi International Airport has been awarded the ISO 9001:2015 certificate, the international standard for Quality Management System (QMS) for VIP lounge and “meet and assist” services …
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Abu Dhabi International Airport welcomed 1.87 million passengers in March
More in this category: « Statement from Abu Dhabi Airports VIP Terminal at Abu Dhabi International Airport Achieves ISO 9001 Certification »
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Morrocan artist, 34, dies in Dubai
who died of cardiac arrest in Dubai on Sunday night. She was 34. The news of her sudden death in the UAE, where she has been living for many years, came as a shock to her fans and many celebrities in the Arab world. Al Dahmani, who was also a renowned TV …
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Dubai Property Developer Plunges as Shareholders Cut Dividend
Damac Properties Dubai Co. tumbled after its shareholders approved a lower dividend than what its board recommended for 2017. Shareholders at the real-estate developer approved a payout of 15 fils per share compared with the board’s recommendation of 25 …
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UAE Exchange, Travelex owner prepares for London IPO
The holding company Finablr will be incorporated in Britain, subject to regulatory approval, and will become the umbrella for United Arab Emirates-based business tycoon Bavaguthu Raghuram Shetty’s financial service brands. Shetty, UAE Exchange’s …
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UAE’s Rotana eyes expansion in Saudi Arabia, Africa
UAE-based Rotana considers Africa one of its main priority target markets outside the emirates, alongside Saudi Arabia, according to Rotana CEO Omar Kaddouri. Speaking to Arabian Business at the Arabian Travel Market in Dubai, Kaddouri noted that the …
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France’s Accor to open two MGallery hotels in Dubai
MGallery Business Bay, adjacent to the upcoming Marasi development, will have 144 rooms and occupy the same building as a Mama Shelter hotel previously announced by Accor last April. Read: Accor brings Mama Shelter hotel brand to Dubai It will have four …
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Qatar denies UAE, Bahrain allegation over military jets
and in a flying route close to that of the UAE civil aircraft.” Qatar said its jets’ mission “was known.” Bahrain’s state-run news agency early Monday identified the flight Sunday as going from Dammam, Saudi Arabia, to Abu Dhabi. Only Abu Dhabi-based …
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Warning: Fake real estate ads in UAE
Dubai: Before replying to that ad from your mobile phone about … which can even include eavesdropping, copying photos or publishing news, can be jailed for six months and face fines of between Dh150,000 and Dh300,000, according to the state news agency …
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UAE accuses Qatar fighters of flying near passenger jet
The UAE’s General Civil Aviation Authority said the alleged incident happened Sunday morning with a flight carrying 86 passengers. It said the fighters flew “less than 700 feet (210 metres)” from the Emirati plane. Bahrain’s state-run news agency early …
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Qatar denies its military planes intercepted UAE civilian aircraft
Qatar denied on Monday that its military planes had intercepted a civilian aircraft from the United Arab Emirates the day before, states news agency QNA reported, saying a UAE military plane had violated its air space at the time. The UAE had said a plane …
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