DGCX volumes surge 40%
Volumes on the Dubai Gold and Commodities Exchange (DGCX) touched close to 14.76 million contracts, growing 40% from same period last year. This year, the Exchange recorded an average volume of 75,148 contracts a day, […]
Business
Sharjah’s Gulftainer opens warehouse at Port Canaveral Florida
Gulftainer (GT) USA, operators of Canaveral Cargo Terminal in Florida, and part of the UAE’s Gulftainer Group, has expanded its supply chain capabilities to serve shipping lines, along with domestic customers, with the addition of […]
Dh50,000 fine for property firms not publishing permit number in announcement
The Real Estate Regulatory Agency (Rera), the regulatory arm of Dubai Land Department (DLD), has issued an official circular addressed to all companies and organisations that operate in the Dubai real estate industry, notifying them […]
ADFD commits Dh184m to Lives and Livelihood Fund
In Jeddah, Abu Dhabi Fund for Development (ADFD), signed a founders’ agreement with Islamic Development Bank (IDB) to become a founding member at the Lives and Livelihoods Fund (LLF). LLF was initiated by a joint […]
Dubai’s non-oil trade with Latin America reaches Dh17bn
Dubai’s non-oil trade with Latin America reached Dh17 billion in value in 2015, according to a recent study conducted by the Dubai Chamber of Commerce and Industry (DCCI) in the run-up to the Global Business […]
Gitex Shopper opens; Top brands offer unbeatable offers, discounts
Gitex Shopper 2016, the largest and most anticipated consumer electronics show in the Middle East, was officially opened today by Sami Al Qamzi, Director General, Department of Economic Development in Dubai, in the presence of […]
Rents drop in Dubai: Click to know which areas residents are moving to
Affordability remained the centre of discussions at the recently concluded Cityscape Global real estate exhibition in Dubai and the city’s rental market reflected just that in August 2016. In terms of yields, Dubai’s apartment rental […]
GITEX Shopper 2016 opens today with offers on electronics
The region’s biggest ever retail extravaganza for consumer IT and electronics starts at 11am tomorrow (Saturday) when GITEX Shopper 2016 opens its doors to welcome visitors at the Dubai World Trade Centre (DWTC). Unrivalled prices […]
Hotel occupancy in UAE rises, ADR drops
Hotels in the Middle East reported mixed August 2016 results, while hotels in Africa posted mostly flat results in the three key performance metrics when reported in U.S. dollar constant currency, according to data from […]
New ‘pink’ dishes to support breast cancer awareness
In partnership with the Breast Cancer Arabia Foundation, La Cantine du Faubourg— the multi-sensorial urban French dining destination which combines food, lights, music, video and art— is offering some of its menu’s classics in pink, […]