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Posted on 03/01/2018

Gulf Navigation announces plans to raise $122m through IPO

The IPO is expected to be launched in the first quarter of 2018 … Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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Posted on 03/01/2018

UAE’s ad industry must see off another difficult year

“Any marcom firm in the UAE that is able to offer a combined set of services … “If you do the numbers, everybody believes you know your business. And if you don’t, everybody thinks they know your business better than you do.
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Posted on 03/01/2018

Get ready for UAE temperature to fall further

Dubai: The weather on Wednesday has started cooling down, and residents can look forward to slightly chillier days ahead over the weekend. The UAE can expect lows of 11-18 degrees Celsius in coastal areas, between nine and 16 degrees Celsius in internal …
( read original story …)


Posted on 03/01/2018

Jafza welcomes first solar PV panel plant

Dubai’s Jebel Ali Free Zone (Jafza) has welcomed Maysun Solar, the first photovoltaic panel producer to set up a manufacturing facility in the region’s leading free zone. Maysun Solar will manufacture 5,000 solar panels a month with a capacity to …
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Posted on 02/01/2018

Female bicycle responder service launched in Dubai

Dubai: Female cycle responders will now be deployed to cater to emergency cases involving women and children in Dubai’s busiest areas, the Dubai Corporation for Ambulance Services (DCAS) announced. The emergency bicycles, which will cover crowded areas …
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Posted on 02/01/2018

Pictures: Google co-founder Brin visits Dubai

The co-founder of internet giant Google has been pictured in Dubai by the emirate’s media office. Sergey Brin, who is president of Google’s parent company Alphabet Inc, was shown speaking to Dubai Crown Prince His Highness Sheikh Hamdan bin Mohammed …
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Posted on 02/01/2018

Dubai Customs launches initiative to mark Year of Zayed

Dubai: Dubai Customs kicked off Year of Zayed 2018 with the launch of a new humanitarian initiative that aims to support minors. The initiative, which was launched on Tuesday by signing an agreement with the Awqaf and Minors Affairs Foundation, seeks to …
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Posted on 02/01/2018

Dubai renters started to buy in 2017

Statistics from Propertyfinder Group suggest Dubai residents moved from renting to buying last year The last 12 months have Dubai residents switch their rental contracts for mortgages, according to a new report from Propertyfinder Group. The last 12 months …
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Posted on 02/01/2018

Saudi construction giant plans IPO to sell 30% of subsidiary

Saudi builder Dar Al Arkan Real Estate Development Company has announced plans to sell 30 percent of a subsidiary in an initial public offering (IPO). The company said in … expand to global markets, selecting Dubai as the launchpad with an AED800 million …
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Posted on 02/01/2018

UAE Ministry of Finance Approves First Purchase Invoice With VAT

Following its commitment to the UAE’s various government finance procedures, laws and regulations; the Ministry of Finance (MoF) has today issued the first VAT inclusive purchase order, and approved the first VAT invoice on its federal financial system.
( read original story …)


Posted on 02/01/2018

Mashreq Bank Receives Nine Awards From Global Finance in London

Mashreq Bank, the UAE’s leading financial institution was presented with nine awards at the Digital Bank Conference and Awards dinner hosted by Global Finance magazine in London, England. The dinner hosted at the RSA House in London saw Mashreq win …
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Posted on 02/01/2018

UAE bourses start new year on a strong note

Emaar Properties and Dubai Islamic Bank helped the Dubai index push higher by more than 1 per cent on the first trading day of 2018 after the index shed more than 4 per cent last year amid sluggish volumes. The Dubai Financial Market General Index closed 1 …
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Posted on 02/01/2018

Robbed of frame and fortune! Dubai’s giant ‘picture frame’ landmark opens amid controversy as architect says his idea was ‘stolen’

The 50-storey-high Dubai Frame, which cost an estimated £35million, consists of two 150-metre high, 93-metre wide towers connected by a 100-meter bridge – all covered in gold plating. A decade after the ambitious plan emerged, the structure has now been …
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Posted on 02/01/2018

Why tech billionaire compared Dubai to Google

Dubai: The emirate of Dubai could be compared to a number of cities around the world, and now, its being compared to the multi-billion dollar enterprise Google. Shaikh Hamdan Bin Mohammad Bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Dubai …
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Posted on 02/01/2018

Dubai property ROI still strong amid softening prices

Dubai property saw stable Returns on Investment (ROI) in 2017, but suffered lower rent and sales prices across most property types year-on-year, according to a Bayut.com report. Based on 94,000 listings hosted on Bayut.com from November 2016-November 2017 …
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Posted on 02/01/2018

Revealed: Where Dubai property rents, prices fell the most in 2017

The last 12 months have been a period of softening prices and rents across most property types in Dubai, with significant declines in some areas. In an end of year report, property site Bayut.com compiled a list of popular areas that had seen the most …
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Posted on 02/01/2018

Jafza Welcomes First Photovoltaic Solar Panel Plant

the largest and most ambitious roof-top solar energy project in the Middle East. “DP World fully supports the Shams Dubai initiative to promote the use of clean and renewable energy sources, and our Solar Programme is in line with the Dubai Integrated …
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