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Posted on 04/02/2017

UAE shoppers go easy on gold jewellery

Dubai: The warning signs are flaring red for UAE’s jewellery retailers, 2016 saw overall volumes at 43 tonnes, down 16 per cent on 2015’s tally of 51.4 tonnes. This is also the first time that annual jewellery sales dropped below 50 tonnes since 2010, the …
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Posted on 04/02/2017

Video: Snow in UAE, heavy winds topple crane in Dubai

The Dubai Roads and Transport Authority (RTA) also briefly suspended Dubai Metro service between Jafiliyah and Business Bay Stations “as a safety precaution” due to the falling debris on the metro tracks from the crane accident. Authorities urged …
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Posted on 04/02/2017

Dubai to produce report on real estate prospects

Dubai Land Department (DLD) has signed a Memorandum of Understanding (MoU) with Dubai Economic Council (DEC), to collaboratively prepare a detailed annual report on the prospects for the real estate sector in Dubai. The MoU for the report entitled “The …
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Posted on 04/02/2017

Abu Dhabi Fine Tunes Oil Contracts For International Drillers

Oil majors looking to develop Abu Dhabi’s oil fields could be getting more profitable terms on their drilling contracts as part of a new governmental push to spur investment in the emirate, according to anonymous sources who spoke to Gulf News.
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Posted on 03/02/2017

Dubai Aims to Become a FinTech Hub

Source: AFP, Yonhap News] By AsiaToday reporter Jina Koh – Dubai has joined the global battle to become a FinTech hub. With decades of growth, the city has developed its infrastructure to become a key business center and is now placing its focus on FinTech …
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Posted on 03/02/2017

Pet Festival in Abu Dhabi offers fun and awareness

Ronel Barcellos, director at Abu Dhabi Wildlife Centre, told Gulf News at the Pet Festival that most of the animals at the centre are confiscated from people, because they shouldn’t be owning exotic animals in the first place. “People should understand …
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Posted on 03/02/2017

Tiger Woods withdraws from the Dubai Desert Classic due to back spasms

DUBAI, United Arab Emirates — Tiger Woods withdrew from the Dubai Desert Classic on Friday with back spasms after shooting an opening-round 77 a day earlier. Woods’ manager, Mark Steinberg, said Woods suffered from spasms on Thursday night after dinner …
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Posted on 03/02/2017

Dubai Tour stage 4 cancelled due to high winds

Stage 4 of the Tour of Dubai has been cancelled due to high winds on the course. The stage had already been modified in anticipation of the weather conditions but, after driving to the new start location, riders refused to begin the stage due to safety …
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Posted on 03/02/2017

Tiger Woods withdraws from Dubai Desert Classic with back injury

February 3, 2017 4:13am EST February 3, 2017 3:45am EST Breaking News, European Tour, Golf, News, English, Tiger Woods, Omega Dubai Desert Classic Having carded a five-over 77 in the first round, Tiger Woods withdrew from the Dubai Desert Classic on Friday.
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Posted on 03/02/2017

Tiger Woods pulls out of Omega Dubai Desert Classic

DUBAI, United Arab Emirates– Tiger Woods withdrew from the Omega Dubai Desert Classic on Friday morning, according to the European Tour. No reason was given. Woods, 41, shot an opening-round 77 that included 5 bogeys and no birdies. It was his worst score …
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Posted on 03/02/2017

Dubai Tour leader Marcel Kittel punched in the face midrace by competitor

pic.twitter.com/vvMN5LzQN0 — Marcel Kittel (@marcelkittel) February 2, 2017 Kittel told Cycling News he also hopes Grivko will get … The German didn’t stay angry for long, however. After Dubai Tour organizers disqualified Grivko, Kittel returned …
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Posted on 03/02/2017

Rain hits Abu Dhabi, Dubai and Sharjah

Rain-soaked Al Ittihad Road linking Dubai and Sharjah. Taken at 9.40pm on Thursday. — Devadasan K.P. / Gulf News The weather instability is caused by a low pressure in the south of Iran and the extension of the trough is affecting the UAE. The situation …
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Posted on 03/02/2017

Garcia leads Dubai Desert Classic by 1, Woods 12 shot back

DUBAI, United Arab Emirates — Sergio Garcia took advantage of better playing conditions in the morning and carded a 7-under-par 65 for a one-shot lead to open the Dubai Desert Classic on Thursday. Playing ahead of Tiger Woods, who could not make any …
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Posted on 03/02/2017

Dubai International welcomes first Air India flight from Kochi

Dubai International has welcomed Air India’s first Boeing 787 Dreamliner to arrive from the city of Kochi, Kerala, with a traditional water salute. The crew and representatives of the airline were welcomed at a cake cutting ceremony at Concourse D. Air …
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Posted on 03/02/2017

Central Bank releases broad regulation aimed at data privacy

On January 1, 2017, the UAE’s Central Bank released a long-awaited regulatory framework for virtual currencies and electronic payment systems, aimed at digital payment service providers (PSPs). The regulation predominantly pertained to data protection …
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Posted on 03/02/2017

Future-oriented strategy boosts business confidence in Dubai

Survey indicates 2017 budget, Expo 2020 and Dubai Plan 2021 fuelling expectations Business Confidence Index at 120 points in Q4, 2016; compared to 116.1 in Q4, 2015 Survey results from the latest quarterly Business Confidence Index (BCI) of the Department …
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Posted on 03/02/2017

UAE Central Bank clarifies virtual currency ban

For Ola Doudin, CEO and co-founder of BitOasis, the UAE’s first digital currency exchange, the clarification was welcome news, after worrying about the implications the prohibition might have had on her business. “We’re very glad to hear the Governor …
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