Dubai Financial Market (DFM … funds and further promote their participation especially that it complies with their way of doing business.” The exchange said it had set comprehensive regulation governing the new mechanism including timeframes of …
( read original story …)
Dubai Islamic Bank net profit up 11% on core business growth
Dubai Islamic Bank, the largest Islamic bank in the UAE, on Wednesday recorded 11 per cent growth in net profit in 2017, driven by core business growth and effective cost management. DIB said its net profit crossed Dh4.5 billion while total income exceeded …
( read original story …)
Sharjah Int’l re-opens Duty Free area after major revamp
The revamp includes new internationally-recognised brands, in addition to its original nine stores and extends over a total area of 1,800 square metres, state news agency WAM reported. The renovation project is part of Sharjah International Airport’s …
( read original story …)
Sharjah International Airport Opens Newly Renovated Duty-Free Shops
Sharjah International Airport re-opened its Duty-Free shopping area yesterday, following extensive renovations, attracting internationally-recognised brands, in addition to its original nine stores and extends over a total area of 1800 square meters. The …
( read original story …)
Abu Dhabi rent and sales prices: Full year 2017 and 2018 predictions
Bayut.com, a prominent UAE property portal, launched their Year-on-Year real estate report with a focus on the Abu Dhabi residential market’s ready properties. The most in-demand area for both renting and buying flats in the UAE capital this year is Al …
( read original story …)
Abu Dhabi kicks off competition for developer on desal mega project
Abu Dhabi Water and Electricity Authority (ADWEA) has requested expressions of interest (EoIs) on a 200 million gallons a day (909,000 m3/d) mega desalination project, reports Emirates news agency WAM. The capacity will comprise two reverse osmosis …
( read original story …)
Under the Patronage and Presence of H.H Ruler of…
The forum aims to come out with a document conveying an Arab vision on the concept of cultural heritage in Arab world Under the patronage of His Highness Sheikh Dr. Sultan bin Mohammed Al Qasimi, Member of the Supreme Council, Ruler of Sharjah, ICCROM’s …
( read original story …)
Revealed: how far did Dubai property rents, prices fall in 2017?
The rate of decline in residential property prices across key communities in Dubai has slowed over the last 12 months in comparison to 2016, while rents have continued to decline and led to yield compression in most communities, according to new figures …
( read original story …)
Meet Dubai’s Bint Shaheen, world’s first camel born from frozen sperm
She was strong and was already nibbling and trying to nurse within hours of being born,” Dr Mushtaq Ahmad, one of the veterinarians who worked on the project, told Gulf News during a visit to the centre located in Wadi Safa near Dubai Hills. Dr Jahangir …
( read original story …)
Sharjah, Eagle Hills venture to build three projects worth $735m
Sharjah Investment and Development Authority (Shurooq) and Abu Dhabi developer Eagle Hills have announced the launch of three projects worth Dhs2.7bn ($735.1m) under a new joint venture. Maryam Island, Kalba Waterfront and Palace Al Khan appear to be the …
( read original story …)
UAE says Qatar fighter jets intercepted commercial flights
The UAE denies the allegations. The UAE’s state-run WAM news agency made the claim about the Qatari jet fighters on Monday, citing the country’s General Civil Aviation Authority. WAM quoted Saif al-Suwaidi, the director-general of the GCAA, as saying the …
( read original story …)
An opportunity not to be mist! Stunning footage shows Dubai’s skyscrapers poking out from above a blanket of fog
Rustam Azmi, an Indian business owner who has lived in Dubai for 28 years, took the pictures from the 88th floor of a tower in the marina and from the Index and Executive towers in the downtown area. The 31-year-old said: ‘I have seen the golden age of …
( read original story …)
UAE says Qatar fighter jets intercepted commerical flights
The UAE denies the allegations. The UAE’s state-run WAM news agency made the claim about the Qatari jet fighters on Monday, citing the country’s General Civil Aviation Authority. WAM quoted Saif al-Suwaidi, the director-general of the GCAA, as saying the …
( read original story …)
Bank of Sharjah P J S C : Sharjah Islamic Bank posts AED 188m profits in Q4
Abu Dhabi – Mubasher: Sharjah Islamic Bank on Monday reported a 7.2% year-on-year decline in net profits during the fourth quarter of 2017. The bank’s net profits reached AED 118 million ($32.12 million) in Q4-17, according to a filing to the Abu Dhabi …
( read original story …)
VAT In The UAE: How Is Your Business Affected?
As we have entered January, the first month of the new VAT regulations in the UAE, business owners across the Emirates are bracing themselves for a big change. Historically, the UAE has operated one of the simplest taxation systems in the world. But in …
( read original story …)
UAE set to be removed from EU blacklist of tax havens
The European Union will probably remove the UAE and South Korea from a blacklist of tax havens later this month. Following “new commitment letters signed at high political level,” the EU’s Code of Conduct working group on business taxation …
( read original story …)
UAE will complain to UN over Qatar war planes
The United Arab Emirates will lodge a complaint against Qatar at the United Nations’ aviation agency on Tuesday after Qatari war planes allegedly intercepted UAE civilian aircraft, a UAE official said. The UAE said on Monday that Qatari air force jets …
( read original story …)