#India pic.twitter.com/p8gfl1mr9X — Burj Khalifa (@BurjKhalifa) January 25, 2017 The LED shows were held thrice and will be repeated on Thursday along with complimenting Dubai Fountain shows. “The visual expression of the tri-colors underlined the …
( read original story …)
Dubai to get first floating houses, made in Finland and shipped by sea
A swanky new waterfront development in Dubai will feature the UAE’s first floating houses, plus restaurants and a yacht club that also bob on the waves – all made in a factory in Finland and “sailed” to the Gulf later this year. Finnish firm …
( read original story …)
Dubai Financial Market : Deyaar upbeat despite fall in profits
The Dubai developer Deyaar says it is “cautiously optimistic” about the year ahead despite reporting a 25.8% decline in profits for 2016. The company said it made a net profit of AED 216 million last year, compared to AED 291 million in 2015 …
( read original story …)
ABB inaugurates 315 KW solar power plant in Dubai
The plant, located at the ABB offices in Dubai, is one of the largest of its kind in the region ABB’s new 315 kilowatt (kW) solar power plant, one of the largest of its kind in the region, was inaugurated by Saeed Mohammed Al Tayer, MD and CEO of Dubai …
( read original story …)
Be a fractional owner of a property in Dubai
A property investment scheme has opened doors for ordinary investors to buy a stake in luxury real estate. Known as the fractional ownership method, the scheme allows a much broader cross-section of investors to become part owners of high-stakes …
( read original story …)
Dubai Properties delivers over 3,000 housing units in 2016
Dubai Properties (DP), a leading UAE-based real estate master developer, concluded 2016 with a successful handover of more than 3,000 residential units, supporting one of the city’s leading handover tallies since 2012. The developer’s sought after …
( read original story …)
The Crown Prince of Abu Dhabi arrives as the guest of honour for India's 68th Republic Day celebrations
The Crown Prince of Abu Dhabi and deputy supreme commander of the armed forces of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan arrived on an official visit to India on Tuesday afternoon. The Crown Prince who will be the Chief Guest for …
( read original story …)
Dubai Islamic Bank 2016 net profit rises 6%, beats forecasts
Dubai: Dubai Islamic Bank (DIB) said on Wednesday its 2016 net profit rose 6 per cent, beating analysts expectations. The company said it saw robust growth in profitability despite slow economic environment even as impairment losses declined. The bank …
( read original story …)
UAE property to get pricier: Here is why
* Raising interest rates typically strengthens a currency and the UAE central bank will mirror any moves by the Fed to maintain the dollar peg A stronger dirham value will likely weigh on the UAE’s real estate sector this year, a Dubai-based property …
( read original story …)
Dubai Properties yields over 3,000 units in 2016
DUBAI Properties (DP), a leading Dubai-based real estate master developer and asset manager known for renowned destinations across the Emirate, concluded 2016 with a successful handover over 3000 units, supporting one of the city’s leading handover …
( read original story …)
Wiko aims to sell 240,000 phones in UAE this year
Dubai: French smartphone start-up Wiko aims to sell around 20,000 mid-range devices per month in the UAE and re-enter the power retail segment in the first half of this year. Kashif Siddiqui, head of sales at Wiko UAE, told Gulf News that the company sold …
( read original story …)
Dubai Civil Defense to make use of NANO technology in putting out fires
The Dubai Civil Defense will make use of NANO technology in putting out fires and will establish a factory for producing this technology in Dubai. The UAE will be among the first countries to produce this technolgy. This was announced by expert major …
( read original story …)
Dubai-based deVere Group buys private bank in the Caribbean
DeVere Group, a global financial advisory company, said it has expanded into private banking by buying St Lucia-based Arton Bank. The Dubai company, which has been beefing up its presence in the Arabian Gulf in recent years, will be wading into a crowded …
( read original story …)
Dubai emerges as new Asia finance hub, DFSA says
Dubai: Dubai Financial Services Authority (DFSA) chairman Saeb Eigner said Chinese, Japanese and Indian banks topped the asset lists at Dubai International Finance Centre (DIFC), marking a shift in global trade to Asia. Speaking at the Asian Financial …
( read original story …)
Dubai Residential Property Note: “Pundits are overlooking the key risks of 2017”
Today, Phidar Advisory released its Dubai residential research note with December data, which is now reported using a 3-month moving average, as well as 2016 year-end data. The report shows nominal movements, but projects further gradual softening.
( read original story …)
UAE’s judicial system, police services ranked best in region
Dubai: The UAE is ranked first in the Arab world and among top 25 countries around the world in 2017 for the efficiency of its judicial system. The National Agenda Index pointed out that the UAE achieved those ranks in the ‘Ease of doing business …
( read original story …)
UAE investments in India likely to go up
manufacturing and energy sectors due to the visit of Abu Dhabi Crown Prince,” Gary Dugan, chief investment officer at Emirates NBD, told Gulf News. He said India has been focusing on developing its manufacturing sector through Make in India initiative …
( read original story …)