These lawsuits involved a total of 822 execution files, with final court rulings requiring the refund of deposits totalling AED702 million …
DIFC publishes Regional Outlook for Banking and Capital Markets
Dubai, UAE: Dubai International Financial Centre (DIFC), the leading global financial centre in the MEASA region, has published a ‘Regional Outlook for Banking and Capital Markets’ report in …
Dubai real estate: How much does it cost to live in the Burj Khalifa? Details revealed
The real estate market in Dubai is influenced by various factors such as economic … Living in the Burj Khalifa entails more than just rent or mortgage payments. Residents are subject to annual …
BIG Holding’s $146.5m IPO draws orders worth $2.5bn
Kuwait’s Beyout Investment Group (BIG Holding) has attracted $2.5bn (KWD767m) in investor orders for its initial public offering (IPO) on the local bourse, in what is set to be the country’s first …
‘Next50 ‘ holds 1st meeting to formulate new vision to promote growth of UAE’s private sector companies
Investopia, in partnership with EMIR, an emerging market research specialist, held the first meeting of the ‘Next50’ initiative, which aims to promote dialogue and knowledge sharing among leading …
Alvarez & Marsal: Q1’2024 rewarding for the UAE banks, credit outlay grew, deposits mobilization and profitability increased
Plummeting impairment charges (-47.9 percent QoQ) and growing total operating income (+4.8 percent QoQ) contributes to profitability gains …
National Bank of Fujairah hosts knowledge-sharing platform focused on maximising investment horizons
Business leaders and industry experts give insights to help NBF’s customers better understand the investment management landscape …
Some Dubai parents spend up to Dh12,000 per term on co-curricular activities
Despite the ongoing concern about rising school fees among parents in Dubai, many are still prepared to spend extra on co-curricular activities (CCAs), wit..
Dubai: Rent-To-Own Market Gaining Popularity Again Amidst Surging Rentals
Surging rentals have breathed new life into ‘rent-to-own’ properties, and this concept is once again gaining popularity. As rents continue …
High oil prices stimulate Dubai economy
The positive trend of crude oil so far has further stimulated Dubai’s economy, with the transportation sector leading the charge, research …
10% off flights, no minimum bank account balance: 10 offers available to Dubai students
Dubai’s well-know carrier, Emirates … Banks like ADCB, Liv, ADIB, Emirates Islamic Bank, Emirates NBD are some of the financial institutions that offer these discounts. The personal Nol card — or …
Emirates NBD, JP Morgan Chase working on planned Alec IPO
Moelis & Co. is also advising state-backed ICD on the share sale that could take place as early as in the second half of this year, the people said, asking not to be identified as the information isn’ …
Dubai: Can a buyer sue developer for delayed handover, claim rents paid during the delay?
A sale purchase agreement between two parties includes clauses about purchase price, completion date, compensation for breaches, force majeure terms …
Dubai is the new Portugal for Chinese property investors, lured by golden visas, improving infrastructure, agents say
Property agents see significant uptick in interest in Dubai homes and offices from Hong Kong and mainland China A ‘golden visa’ residency programme and government’s efforts to boost the city’s …
Billionaire’s kids unveil masterplan to transform Dubai’s 300 abandoned £10billion manmade islands for the super rich
A BILLIONAIRE’S kids have unveiled a masterplan to transform Dubai’s £10billion abandoned “World Islands”. Ali and Amira Sajwani, co-founders of Amali properties, aim to …
Tragic last words woman said to husband before horrific jet ski accident left him dead
A mum whose partner died in a tragic jet ski accident has revealed her final words to him. Charlotte Lescott, 31, had been living in Dubai with her partner Ali Watson and their daughter, Soulie, when …
Leaving Dubai for good? 8 things expats need to do before the big move
Dubai is home to millions of expats from around the world. While some fly in with hopes of living in the emirate for as long as they can, there are those who find their ‘forever home’ elsewhere.