DUBAI: Average room rates at hotels across the UAE fell 8 per cent in January 2017 compared to the same month in 2016 to reach Dh712 on the back of strong supply growth in the market. According to the latest report by STR, a data provider, average …
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Aramco IPO could push other GCC states, such as UAE, to list oil assets
Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a …
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Evercore Plans Dubai Office, Hiring Amid Aramco IPO Talks
Evercore Partners Inc., the investment bank founded by Roger Altman, is planning to open an office in Dubai as it seeks new business in the region, including a role on Saudi Arabian Oil Co.’s initial public offering, according to people familiar with the …
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How the UAE can transform through prediction and the IoT
In addition, several UAE government agencies have completed their own smart projects where IoT methodologies have played central roles, along with cloud technology and data analytics. A developed society is able to deliver four basic citizen rights …
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Dubai issues new regulations for marketing property abroad
Real estate developers and brokers in Dubai marketing local properties outside the emirate now face new regulations. The Dubai Land Department (DLD) recently issued circular No. 13, which outlines new requirements for all real estate announcements, across …
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UAE MoF adopts electric-powered vehicles
The MoU comes as part of MoF’s commitment to support sustainable energy resources in line with UAE vision 2021, by using sustainable transport services offered by Emirates Transport–which contribute to clean energy and provide a healthy and safe …
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Dubai Tourism to reinforce its commitment to West Africa with a three-city road show
Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism), is set to embark on a road show across key cities in Nigeria and Ghana, in an effort to promote the city’s ever-evolving offering to the West African audience. Following a successful …
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Eshraq Properties : stock acquires 50% of Abu Dhabi’s liquidity
Abu Dhabi – Mubasher: Eshraq Properties’ stock accounted for 50% of Abu Dhabi Securities Exchange’s (ADX) liquidity by 1:28pm UAE time. The stock generated AED 86.13 million a few minutes before the closure, while the market’s turnover amounted to AED 172 …
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HESCO® Barriers to be Manufactured in UAE
Army Technology News, views and contacts from the global Army industry HESCO Group recently entered the Tawazun Economic Agreement / UAE Offset programme and later this year will open their first manufacturing facility within the UAE and, as part of their …
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Dubai-Based Cass Business School Offers Unique Opportunities for EMBAs
Established in 2009, the Dubai-based campus of the Cass Business School offers students many unique opportunities thanks to its location in the heart of the Dubai International Finance Center (DIFC). Both full-time Cass MBAs as well as Executive MBAs have …
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ADGM head says fintech investment is essential for UAE financial market development
Fintech is an essential ingredient to drive the UAE’s financial sector forward, according to HE Ahmed Al Sayegh, Chairman of ADGM speaking during his keynote address at the Middle East Investment Conference. In March 2016, ADGM was the first jurisdiction …
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Dubai Police say stiffer penalty may rein in ‘phone-struck’ motorists
a top Dubai Police officer told Gulf News. Brigadier Saif Muhair Al Mazroui, Director of Dubai Traffic Police, said the current fine of Dh200 and four black points are not enough to prevent people from indulging in this poor practice as there has been an …
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Turquoise waters, white sandy cliffs and highways swallowed by sand: Stunning aerial photos show Dubai and Oman as you've never seen them before
From Oman’s rugged beaches to Dubai’s highways swallowed by sand, a talented landscape photographer has captured both the vibrant colours of untouched terrains and the mind-blowing architecture re-shaping the region. Irenaeus Herok, a Polish commercial …
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Gulf News keeps top spot among UAE daily newspapers
Dubai: Gulf News continues to take the lead as the top newspaper in the UAE, with a 26 per cent reach, as revealed by the Arab Media Outlook report: ‘Youth … Content … Digital Media, 2016’. “The top English daily is Gulf News with a reach of 26 …
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Aldar Properties : Aloha Abu Dhabi Festival returns to the UAE capital
Aloha Abu Dhabi, the city’s most celebrated beach festival, is back bigger and better this year, and will take place from March 28 to April 1 at Al Muneera Beach Plaza – Abu Dhabi’s first waterfront retail development at Al Raha Beach. Organised by Aldar …
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Huawei takes home the (MRM) Business Innovation Award
H.E. Hamad Buamim, President and CEO, Dubai Chamber of Commerce and Industry and Chairman of the Steering Committee for the Mohammed Bin Rashid Al Maktoum Business Award, stressed the importance of the award in fostering a culture of innovation within …
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Expansion or exit: Making the right decisions to ensure business success
The government’s focus on diversification supported by the development of a world class business infrastructure in Dubai, encouraged entrepreneurs from across the globe to establish their businesses in the emirate. In keeping with the tagline: “What’s good …
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