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Posted on 13/05/2017

Region’s largest Anglican church being built in Abu Dhabi

Abu Dhabi: In a testament to the UAE’s multicultural tolerance, the region’s largest Anglican church is currently being built in Abu Dhabi, with the land for the church donated by President His Highness Shaikh Khalifa Bin Zayed Al Nahyan. Currently …
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Posted on 13/05/2017

Dubai carnival a long-range goal for Shaf

Races during next year’s Dubai carnival loom as a long-range target for sprinter Shaf. The five-year-old gelding registered his fifth 1100m win from eight attempts at the distance when he chased down Sunday Escape in Saturday’s Arvanitis Philanthropy …
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Posted on 13/05/2017

QCC Releases Updated Infrastructure Standards Guidelines

Abu Dhabi Quality and Conformity Council (QCC) has released an updated edition of the Infrastructure Standards Guidelines (ISGL) for the emirate of Abu Dhabi, following its approval by the Infrastructure and Environment Committee of Abu Dhabi Executive …
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Posted on 13/05/2017

The 2017 list of the top Indian business leaders comprised 100 business owners and 50 executive management.

Vipul, the Consul-General of India in Dubai, was present at the event. For the first time, the awards event also recognised the next-generation business leaders who are carrying on the legacy of their family businesses. Unlike the 2016 ranking, Forbes …
( read original story …)


Posted on 13/05/2017

Dubai’s Mashreq to launch new digital bank, CEO says more UAE bank mergers likely

Dubai bank Mashreq will be launching a new digital bank this year, its CEO Abdul Aziz Al Ghurair confirmed on Wednesday. Speaking to reporters, Al Ghurair said the new lender would provide all the regular banking services but have “no branches”.
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Posted on 13/05/2017

Al-Nahyan trial: UAE princesses accused of servant abuses

They brought with them from the United Arab Emirates a retinue of more than 20 servants whom they are accused of holding in conditions close to slavery. Victims allege they were prevented from leaving the hotel and forced to eat the princesses’ leftovers.
( read original story …)


Posted on 12/05/2017

Report highlights UAE business opportunities

The opportunities and attractions currently being offered in the UAE to businesses have been highlighted in a recent report released by the UAE Ministry of Economy’s commercial attaché office in Washington, US. The report, which was developed with the …
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Posted on 12/05/2017

Steigenberger Hotel Business Bay, Dubai

Free WiFi , Free wired high-speed Internet Steigenberger Hotel Business Bay, Dubai offers 353 air-conditioned accommodations with minibars (stocked with some free items) and laptop-compatible safes. Beds feature premium bedding. 40-inch LED televisions …
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Posted on 12/05/2017

Mashreq celebrates 50th Year as the most progressive bank that enables possibilities through innovation

Mashreq Bank, the UAE’s oldest privately owned bank, is celebrating its 50 year anniversary in the United Arab Emirates today at the Dubai Opera. With 50 years of achievements, the bank is the market leader when it comes to product and service innovation …
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Posted on 12/05/2017

Fund led by Dubai billionaire Alabbar buys UAE website JadoPado

DUBAI May 11 United Arab Emirates e-commerce and online marketplace website JadoPado has been acquired by a technology fund led by Dubai billionaire and Emaar Properties chairman Mohamed Alabbar, his spokesperson said in a statement to Reuters on Thursday.
( read original story …)


Posted on 12/05/2017

Here are the top Indian business leaders in the Arab world

Vipul, the Consul-General of India in Dubai, was present at the event. For the first time, the awards event also recognised the next-generation business leaders who are carrying on the legacy of their family businesses. Unlike the 2016 ranking, Forbes …
( read original story …)


Posted on 11/05/2017

Whole Foods board overhaul fails to satisfy activist Jana: source

While the hedge fund appreciated the board overhaul and the operating experience … head of event-driven research at Gordon Haskett. DUBAI/MILAN/PARIS (Reuters) – The naming of a new boss at Etihad Airways presents the Gulf carrier with an opportunity…
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Posted on 11/05/2017

Plummeting Room Rates Threaten Profit Levels at Abu Dhabi Hotels

Despite room occupancy levels at hotels in Abu Dhabi remaining above 80 per cent this month, the relentless decline in achieved average room rate is threatening both top and bottom line performance levels, according to the latest data from HotStats.
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Posted on 11/05/2017

Agricultural Bank of China starts RMB settlement in UAE

ABC said in a media statement at the opening ceremony that the new branch is to improve ABC’s global settlement business, contribute to internationalization of yuan, and support the Belt and Road Initiative. Its Dubai Branch will provide diversified …
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Posted on 11/05/2017

Manipulation’s Persistence and Comex’ Demise

Dubai has historically been a central hub for gold trading … So feel free to fire a couple traders and seed their new hedge funds. Then do all your deals with them via a closely held Singapore shell in which you control the voting shares.
( read original story …)


Posted on 11/05/2017

Outlook for Dubai and Abu Dhabi property markets remains soft

Property prices and rents continue to fall moderately in Dubai with the latest analysis report projecting a further softening of the residential real estate markets in the months ahead. In the first quarter of 2017, quarterly apartment lease rates fell by …
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Posted on 11/05/2017

Abu Dhabi Crown Prince to meet Trump at White House

US President Donald Trump will host His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, next week, the White House said on Tuesday. White House press secretary Sean Spicer said …
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