A portfolio manager at Dubai’s Magellan Capital has departed months ahead of the hedge fund’s planned $700 million launch, which is set to rank among the largest debuts in the United Arab Emirates.
Dubai residential sales up 15.4%; commercial sales hit $2.5bln
The top three communities by sales transactions were Jumeirah Village Circle, Jumeirah Village Triangle and Business Bay …
Sharjah advances healthcare transformation with Healthy Cities Programme
The Executive Committee for the Expansion of Healthy Cities Programme in Sharjah hosted a workshop Monday, as part of its ongoing efforts to embrace and implement global health standards. The event …
Sharjah Leads the Way in Global Healthy Cities Standards
Sharjah’s Executive Committee for the Healthy Cities Programme hosted a workshop with 105 officials to advance global health standards. The event emphasized collaboration for sustainable health …
Careem’s 20-minute groceries delivery are now in Abu Dhabi – with a 50% discount
Grocery shopping just got a major glow-up in the capital. Careem Groceries has officially landed in Abu Dhabi, bringing with it super-speedy 20-minute delivery times and a whole lot of convenience.
Etihad Airways announces direct Nairobi-Abu Dhabi flights, to hire Kenyans
Etihad Airways has announced the launch of direct flights between Nairobi and Abu Dhabi, marking a significant boost for travel and trade between Kenya and the UAE.
UAE authority warns investors of fake loan documents with forged signatures, SCA logo
Investors in the UAE are urged to be extra careful in making transactions as some “unknown individuals” were found to be forging financial documents that a..
Tourists in the UAE will now get ‘world-first’ tax refund on online shopping
The Federal Tax Authority of the UAE has launched a ‘world first’ VAT tax refund system for online shopping by tourists in Dubai and other emirates …
Bus carrying 83 passengers, including Indians, overturns IN UAE; 9 dead
At least nine people have died and dozens more have been injured following a bus accident in United Arab Emirates’ (UAE) Khor Fakkan on Sunday evening. The bus, carrying 83 workers, mostly …
Insights: Why Chinese auto brands are rising in popularity in the UAE
Chinese brands are winning over UAE consumers with stylish designs, advanced features and competitive pricing, says Zaher Sabbagh …
UAE: Ministry of Finance, Eurasian Development Bank discusses cooperation
ABU DHABI – The Ministry of Finance (MoF) hosted a high-level delegation from the Eurasian Development Bank (EDB) in Abu Dhabi to discuss ways to enhance financial cooperation and explore new …
UAE lays down terms for visas for retired residents
The Federal Authority for Identity, Citizenship, Customs and Port Security (ICP) has identified six steps, conditions and controls that must be met in order …
UAE government awards $5.1 billion, 17-year contract to Space42
It includes procurement of Al Yah 4 and Al Yah 5 advanced satellites and confirms earlier Capacity and Managed Services mandate …
UAE launches new VAT refund system for online purchases by tourists
The new e-commerce VAT refund system builds upon the success of the FTA’s fully digital VAT refund system, which was first introduced over two years ago …
Sharjah: Mangalore Konkans’ ‘Family Fiesta 2024’ turns out to be a megahit
The much-awaited Family Fiesta 2024 concluded on a high note, leaving attendees with cherished memories of laughter, competition, and camaraderie. With a vibrant Hawaiian theme, the event, held at …
Dubai’s surging real estate prices hit F&B market, entry, expansion strategies set to shift in response
Looking ahead, 2025 and beyond promise an exciting evolution of the UAE’s F&B scene,” David Richardson, Founder of SHP Portfolio, a UAE-based F&B real estate advisory firm, …
UAE payments industry set to hit $27.3bn by 2028: report
The UAE’s payments sector is undergoing a rapid transformation, spurred by government initiatives, fintech innovations, and a shift from cash to digital transactions …