Gulf banks are said to be refusing to extend Qatar deposits

London/Dubai: Foreign deposits at Qatar’s banks may fall further ... from a month earlier, according to central bank data. The slide in non-resident holdings, which account for 22 per cent of overall deposits, comes even after local lenders raised ... ( read original story ...)

On The Market: 1 Bed Apartment in Jumeirah Village Circle

A 1 bed apartment in Jumeirah Village circle is a popular choice amongst expatriates in Dubai, because the district is home of newly built residential buildings that offer comfortable homes with convenient recreational facilities. If the featured property ... ( read original story ...)

Blaze rips through Dubai skyscraper The Torch

Dubai first became a magnet for property investments when it opened the sector to foreigners in 2002, standing out in a region that largely confines freehold ownership to citizens. The value of property surged at breakneck speed until the global financial ... ( read original story ...)

On The Market: High Floor 2 Bed Apartment in Dubai Marina

A colorfully decorated 2 bed apartment in Dubai Marina has come up on the market for sale. The property is located on a high floor in the prestigious Elite Residence tower, situated at the beginning of the most popular in Dubai residential district. ( read original story ...)

UAE Business Barometer: Bullish on a bright future

The UAE's economic growth will surge next year, driven by a host of non-oil sectors, hence improving the job prospects and strengthening the competitiveness of the local economy, according to CEOs of the top UAE companies. Khaleej Times spoke with top ... ( read original story ...)

Saudi oil minister is said to have met top commodity hedge funds

London/Kuwait/Dubai: Khalid Al Falih, Saudi Arabia’s energy minister, met in private with some of the world’s top commodity hedge funds in July, taking the unusual step of personally canvassing investor views on the state of the market. In the past ... ( read original story ...)

UAE’s Aldar reports 5% growth in gross profit for H1 2017

... Aldar on track with Reem Island projects | Aldar reports net profit of $174.5m for Q1 2017 Abu Dhabi-headquartered developer, Aldaar Properties, has released its financial results for the first half of 2017. The company announced that its gross profit ... ( read original story ...)

Warning over fake smartphones being sold online

Dubai Police said counterfeit dealers are cashing in on the desire for the latest device but handing over knock-offs that either do not work or could catch fire. In Dubai last year alone, fake items valued at Dh1.6 billion were seized. Mobiles topped the ... ( read original story ...)