Precious metal funds saw their biggest inflow in five months and bond funds notched a fourth consecutive gain over the last week, as investors continued to hedge "Trump trades" put on late last year that bet on stronger growth and rising inflation. ( read original story ...)
Dubai has new safety rules after high-rise fires, but few details
DUBAI, United Arab Emirates – New fire safety rules have come to Dubai after a series of skyscraper fires that marred its futuristic skyline, but authorities offered few details Sunday about how they'll force owners to replace flammable siding with ... ( read original story ...)
Dubai real estate market sees $3.2bn of deals in fortnight
Dubai’s real estate market generated transactions worth $3.2bn during the first 15 days of January 2017, according to the latest report issued by Dubai Land Department (DLD). “By studying the index at the end of last year, DLD predicted that the market ... ( read original story ...)
UAE and India: A relationship going stronger
UAE President Shaikh Zayed Bin Sultan Al Nahyan visits India and held meeting with Indian Prime Minister Indira Gandhi and signed a cultural agreement along with various other agreements. Indian Prime Minister Indira Gandhi paid a two-day visit to the UAE ... ( read original story ...)
Dubai introduces water jetpack system, tougher rules to tackle fires
DUBAI: The Dubai Civil Defence unveiled on Sunday (Jan 22) its latest firefighting technology which involves a water jetpack system called Dolphin that helps reduce response time by allowing firemen to rush to the scene via waterways rather than on ... ( read original story ...)
Dubai and Abu Dhabi named as favoured locations by world’s wealthiest homebuyers
Dubai and Abu Dhabi have both featured on a new ranking of the 50 most important cities for property ownership among the world’s wealthiest people. The Alpha Cities Index has been created by consultancy Wealth-X and is a ranking of the cities that ultra ... ( read original story ...)
UAE bank deposits up by Dh42b
Abu Dhabi: Total bank deposits in the UAE increased by Dh41.7 billion in December 2016 due to a Dh25.9 billion increase in resident deposits and a Dh15.8 billion increase in non-resident deposits. According to a statement from the UAE Central Bank, gross ... ( read original story ...)
NBAD sees Dubai, Abu Dhabi residential market bottoming
National Bank of Abu Dhabi (NBAD) said in its yearly investment outlook, released Sunday. In the fourth quarter to December 2016, the rate of decline in property prices stabilised in Dubai and certain mid market witnessed a small uptick. New project ... ( read original story ...)
In 2035, The Roads & Skies Of The UAE Could Be Very, Very Different
In the water sector, the report predicts a new technology to determine contamination level in water by tracking the movements of fish by 2022. But, it forecasts that sea ice would vanish entirely from the Arctic Ocean as early as 2040. The UAE has been on ... ( read original story ...)
Fleetwood wins in Abu Dhabi for 2nd European Tour title
ABU DHABI, United Arab Emirates -- Tommy Fleetwood broke free from a pack of contenders containing three major champions to win the Abu Dhabi HSBC Championship by one shot on Sunday, ending the Englishman's 3 1/2-year wait for a second European Tour title. ( read original story ...)