VAT and other Dirhams at work: Any fears for UAE economy?

Abdullah Al Saleh, undersecretary of the ministry of economy for foreign trade, citing a forecast by the UAE Central Bank, said UAE’s economy is expected to grow at nearly 4% in 2018 helped by more inflows of foreign direct investment (FDI), as well as ... ( read original story ...)

UPDATE 2-First Abu Dhabi Bank issues $610 mln Formosa bond

DUBAI, Jan 15 (Reuters) - First Abu Dhabi Bank, the largest bank in the United Arab Emirates, has issued a $610 million Formosa bond, it said on Monday, confirming an earlier Reuters report. Formosa bonds are sold in Taiwan by foreign borrowers and are ... ( read original story ...)

CBB approves Ithmaar’s Dubai listing

Ithmaar owns two wholly-owned subsidiaries: Ithmaar Bank, a Bahrain-based Islamic retail bank, and IB Capital, an investment subsidiary. Ithmaar Bank and IB Capital are both licenced and regulated by the CBB. Ithmaar Bank owns 66.6 per cent of Faysal Bank ... ( read original story ...)

UAE says Qatar fighter jets intercept flight; Doha denies it

The UAE's state-run WAM news agency made the claim on Monday, citing the country's General Civil Aviation Authority. "The GCAA received a message from one of the UAE's national carriers on Monday morning that one of its aircraft on a flight to Manama on a ... ( read original story ...)

Reem Weekend is Coming to Abu Dhabi

Residents and visitors to Abu Dhabi this weekend will be able to enjoy a new waterside weekend attraction at one of the City’s most desirable destinations - Reem Island, courtesy of Aldar Properties, Abu Dhabi’s leading listed property development ... ( read original story ...)

VAT could hit UAE property market in 2018

There are 17,000 apartments scheduled to enter the market in 2018 through completions at projects including New Dubai Gate in JLT, The Pad in Business Bay, Eagle Heights in Sports City and Serenia Residences on Palm Jumeirah. However, actual completions ... ( read original story ...)

Qatar monitoring Sheikh Abdullah’s ‘detention’ in UAE

UAE's foreign ministry denied that Sheikh Abdullah was held against his will. A statement published by the official Emirati news agency (WAM) cited a source at the ministry as saying that "Qatar's Sheikh Abdullah bin Ali Al Thani has come as a guest to the ... ( read original story ...)

Indian tour guide on trip to Dubai dies at hotel

one of tourists told Gulf News on Sunday. The death certificate said it was a natural death due to heart disease, as per the forensic report, said Kalpana Agarwal. Tragedy struck the group from Mumbai on the last day of their five-day tour in Dubai. ( read original story ...)

Banking on China’s global ambitions

And we expect that it will grow over the years.” China has been the largest trading partner of the UAE for the past three years The bank also expects a rise in interest from Chinese-based companies, too, and is ready to serve them. “The large ... ( read original story ...)