Who invested Dh85.2 billion in Dubai property?
Expats buy Dubai property mostly for keeps DUBAI 19 December 2018: Though Emiratis were the top buyers of property in Dubai over the past five years – a little ahead of Indians – they were […]
Business
Dubai dominates UAE’s top private companies ranking
DUBAI 18 December 2018: For the first time, Forbes Middle East has published its ranking of the UAE 100—the top companies. The top-100 consists of two lists: 50 private companies and 50 listed companies. The […]
Dubai Expo 2020 to be one of the world’s ‘smartest’
DUBAI 19 December 2018: Expo 2020 Dubai and Siemens have begun one of the largest installations of smart building technologies in the world, with more than 130 structures to be connected to digital solutions that boost […]
UAE interest rates up = loans get more expensive
ABU DHABI 20 December 2018: The Central Bank of the UAE (CBUAE) announced that, effective, Thursday 20 December 2018, it will raise interest rates applied to the issuance of its Certificates of Deposits in line […]
Nasdaq Dubai welcomes $200m sukuk by Emirate of Sharjah
DUBAI 21 December 2018: Nasdaq Dubai has welcomed the listing of a US$200 million sukuk issued by the Emirate of Sharjah. It is the Emirate’s second sukuk listing on the exchange this year, following a […]
Dubai to build world’s first unmanned district cooling plant
DUBAI 18 December 2018: Emirates Central Cooling Systems Corporation (Empower), is to build a new 50,000 Refrigeration Tonnes (RT), unmanned district cooling plant in Jumeirah Village Circle (JVC). Built at a total cost of Dh250 […]
UAE Central bank to ‘support’ Invest Bank… if needed
ABU DHABI 17 December 2018: The Central Bank of the UAE (CBUAE) is closely monitoring Invest Bank’s financial developments for some time and has been working with the bank and the Government of Sharjah to develop […]
Dubai exempts small shops from decoration works licence
DUBAI 17 December 2018: Dubai Municipality will exempt shopping centres and small units from obtaining a licence for decoration works. The municipality has also a launched smart self-licence services for big shops. Dawood Al Hajiri, director-general […]
Dubai residents + declining rents = upsized homes
DUBAI 16 December 2018: With residential rental rates in Dubai on the decline, the moving market has been reshaped by a large degree over the last couple of years. Tenants move every 2-3 years, says […]
‘Cardless’ cash withdrawal from ATMs now in UAE
Your mobile is your new Debit Card DUBAI 16 December 2018: Now you can enjoy the convenience of withdrawing money from bank ATMs (automated teller machines) without having to physically carry your bank debit card. The […]