Dubai Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017. The new list confirms that UAE nationals are most active, outperforming all other nationalities.
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UAE cuts sentences for Singaporeans jailed for cross-dressing
Nur Qistina Fitriah Ibrahim and Muhammad Fadli Bin Abdul Rahman were arrested in Abu Dhabi on 9 August for “wearing women’s clothes in public”. A court found them guilty last week and sentenced them to a year in prison. But UAE officials now say they will …
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UAE- Islamic banking attracts flocks of Pak customers
(MENAFN – Khaleej Times) Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including #UAE banks’ #Pakistan units …
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Islamic banking attracts flocks of Pak customers
Islamic banking in Pakistan, although still in infancy stage, is attracting flocks of customers including the government of Pakistan. At the same time, the Islamic banks, financial institutions including UAE banks’ Pakistan units are launching new products …
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UAE prison time dropped for transgender Singaporean, friend
A transgender Singaporean and her friend facing a year in prison in the United Arab Emirates for dressing in a feminine way have seen their sentences reduced to a fine and deportation, an official said Monday. Nur Qistina Fitriah Ibrahim, a transgender …
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VAT in the UAE: How technology can ease your taxing pain
Value added tax. That’s nothing new – at least to the majority of people roaming Earth. As a matter of fact, EY’s VAT guide for 2017 shows there are 120 countries worldwide that impose this levy, or 62 per cent of the 195 recognised nations. But on that …
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Dubai financial center’s Hive creates buzz in regional fintech market
I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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UAE insurance premiums rise 17% – study
Gross insurance premiums (GPW) of publically listed insurers in the UAE rose by 17 percent in the first half of 2017, according to a report. The study by S&P Global Ratings found that as of June 2017, GPW for 28 out of the country’s 30 listed insurance …
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Abu Dhabi slaughterhouses ready for Eid
Abu Dhabi: Slaughterhouses across the capital are ready to meet the demand for slaughtering of animals during Eid Al Adha, the Municipality of Abu Dhabi City announced in a statement issued on Sunday. About 8,000 animals are expected to be slaughtered …
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Dubai financial center’s Hive creatives buzz in regional fintech market
I met Raja Al-Mazrouei in the glittering new FinTech Hive at the Dubai International Financial Center (DIFC), all open-plan workspaces, break-out areas and coffee machines. There is even a sound-proofed pod suspended from the ceiling that looks like a …
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Securing digital banking transformation in the UAE
As consumers increasingly transact online, banks need to follow a diligent approach to enforcing security measures, especially in the face of emerging threats. Given the increasing risk of internet banking frauds, the question remains, “is it still safe …
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Saudi banking outlook to improve in second half of 2017
Dubai: Confidence in the outlook for Saudi Arabia’s banking sector is gaining momentum as most leading banks have shown resilience in balance sheet growth and profitability while improving asset quality during the first half of 2017. Banking sector …
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Sharjah Library forms digital link with British Library
The Sharjah Public Library, a subsidiary of the Sharjah Book Authority (SBA), will provide digital access to thousands of rare books and periodicals on Arabic and Islamic culture, which are held at the British Library in London. The British Library …
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Dubai suburbs are becoming popular among tenants
More and more tenants in Dubai are increasingly moving from established communities to suburban areas. Landlords in suburban communities are offering relatively new properties at more competitive rents and terms. These neighbourhoods also deliver in terms …
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Why this luxury home developer thinks Toronto and Dubai real estate is alike
The head of a large Middle Eastern luxury home developer saw something of Dubai in Toronto’s real estate market when he visited the major Canadian city recently. “In a way, Toronto and Dubai share a number of similarities,” says Hussain Sajwani …
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Abu Dhabi’s Bloom Properties begins work on JVC project
Abu Dhabi developer Bloom Properties has begun the enabling works of Bloom Towers, its residential development in Jumeirah Village Circle (JVC) in Dubai. The developer has appointed National Piling to execute the project that is scheduled for completion in …
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Bloom Properties Commences Enabling Works of Bloom Towers
Bloom Properties, a Bloom Holding business specializing in the … Launched only three months ago, at the 11 th edition of Cityscape Abu Dhabi, Bloom Towers has attracted high investor uptake due to its ideal location and excellent potential for rental …
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