Alibaba (NYSE:BABA) Launches Data Center in Dubai

Alibaba (NYSE:BABA) Launches Data Center in Dubai






Alibaba (NYSE:BABA) Launches Data Center in Dubai $BABA Alibaba Cloud, a cloud computing arm of China’s Alibaba Group (NYSE:BABA), said this week that it launched a data center in Dubai. Operated by YVOLV, a J-V between Alibaba Cloud and United Arab Emirates (UAE) company Meraas Holdings, the data center will be the 1st “full-fledged public […]






Exploring Dubai’s New Water Canal

Exploring Dubai’s New Water Canal






Exploring Dubai’s New Water Canal The 3.2km Waterway will feature the UAE’s longest Promenade The Dhs2.7-B Dubai Water Canal project, officially opened last week, is already starting to attract crowds. Hailed as a new landmark in modern Dubai, the 3.2km waterway, which will feature the UAE’s longest promenade stretches through Key areas including Business Bay, […]






China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange

China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange






China’s ICBC Now a Settlement Bank for the Dubai Gold & Commodities Exchange Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, has become a settlement bank for the Dubai Gold & Commodities Exchange (DGCX), the exchange said Tuesday, allowing more investors to clear transactions in RMB Yuan. ICBC becomes the […]






Iran is open for business, what does it mean for GCC companies?

Iran is open for business, what does it mean for GCC companies?






Iran is open for business, what does it mean for GCC companies? In January this year, senior diplomats from around the world formally announced the lifting of sanctions against Iran. In principle this put a definitive end to 37 years of various degrees of sanctions imposed on the country. Boardrooms of global Fortune 500 companies […]






Sotheby’s (NYSE:BID) to Launch its 1st UAE Office in Dubai this Year

Sotheby’s (NYSE:BID) to Launch its 1st UAE Office in Dubai this Year






Sotheby’s (NYSE:BID) to Launch its 1st UAE Office in Dubai this Year $BID Sotheby’s, which has offices in Doha, Istanbul, Egypt, Lebanon and Mumbai, is hiring staff for its office in Dubai International auction house Sotheby’s plans to open its 1st gallery in Dubai as part of efforts to capitalize on demand for Middle Eastern […]






UAE non-Oil Business Slows for 3rd Month Running

UAE non-Oil Business Slows for 3rd Month Running






UAE non-Oil Business Slows for 3rd Month Running PMI points to little new work and near stagnation in employment in October Activity in the UAE’s private sector slowed for the 3rd month in a row in October with new employment levels stagnating, according to a new survey. The Emirates-NBD-sponsored purchasing managers index (PMI), measuring non-Oil […]






Iran’s Crude Oil Exports at Pre-sanctions Highs

Iran’s Crude Oil Exports at Pre-sanctions Highs






Iran’s Crude Oil Exports at Pre-sanctions Highs $OIL Iran, Libya and Nigeria are  allowed to produce “at maximum levels that make sense” as part of any output limits Iran’s total Crude Oil and condensate sales likely reached around 2.8-M BPD in September nearly matching a Y 2011 peak in shipments before sanctions were imposed on […]






Dubai, Sheikh Mohammed Unveils UAE Strategy for the Future

Dubai, Sheikh Mohammed Unveils UAE Strategy for the Future






Dubai, Sheikh Mohammed Unveils UAE Strategy for the Future Under the strategy future prototypes for sectors including healthcare, education, social development and the environment will be developed UAE Vice President and Prime Minister of the UAE and Ruler of Dubai Sheikh Mohammed bin Rashid Al Maktoum has launched the UAE Strategy for the Future, designed […]






Longer Visas for Dubai Property Investors Will Boost Market

Longer Visas for Dubai Property Investors Will Boost Market






Longer Visas for Dubai Property Investors Will Boost Market Issuing such visas will encourage a retirement market in Dubai Dubai’s real estate market could receive a boost from long-term investors if they are provided with longer-stay visas, experts say. Currently, the regulations for property visas in the UAE are rigorous and investors need to meet […]






Dubai Opera, the country’s first opera house and multi-format theatre






At the heart of The Opera District is Dubai Opera, a 2,000-seat, multi-format performing arts venue which is set to captivate visitors when it opens in 2016. The design of Dubai Opera is deeply rooted in Dubai’s maritime history, with the Arabian dhow becoming the inspiration behind the architecture of the building. Dubai Opera will […]






UAE Concerned About US House Passing 9/11 Bill

UAE Concerned About US House Passing 9/11 Bill






UAE Concerned About US House Passing 9/11 Bill The House bill will allow the families of 9/11 victims to sue Saudi Arabia in US courts The UAE has expressed concern about the US Congress passing the ‘Justice Against Sponsors of Terrorism Act’ last week. The House bill, passed last Friday, will allow the families of […]






Dubai Opera Opens to Public

Dubai Opera Opens to Public






Dubai Opera Opens to Public Dubai Opera will offer a diverse year-round program of concerts and events Placido Domingo sang at a sold-out Dubai Opera Wednesday evening, starting a diverse year-round program of concerts and events designed to appeal to Dubai’s cosmopolitan residents and visitors. A media preview was held Tuesday, coinciding with the dress […]






Dubai Expo 2020 to Allocate $1.36-B of Contracts to SMEs

Dubai Expo 2020 to Allocate $1.36-B of Contracts to SMEs






Dubai Expo 2020 to Allocate $1.36-B of Contracts to SMEs Opportunities for SME participation extend beyond the physical expo site and six-month duration of the event, according to Expo 2020 Dubai has announced that 20% of direct and indirect spending on the Expo 2020 event will be allocated to small and medium enterprises. Under the […]






UAE and Hong Kong Expand Trade Ties

UAE and Hong Kong Expand Trade Ties






The Hong Kong Trade Development Council, or HKTDC on Monday announced ten international trade fairs covering watches and clocks, fashion, electronics products, building materials, green products, lighting products, spectacles as well as wine and spirits will be held in Hong Kong in the coming September, October and November, which serve as a one-stop trading platform […]






Dubai Real Estate Report

Dubai Real Estate Report






Dubai Real Estate Report The Dubai civic body has launched a complete electronic platform to ease transactions for under construction projects. Building Department officials at the Dubai Municipality said the electronic system allows building consultants and contractors to finish all procedures online without the need to visit municipality offices. Recent figures showed that there are […]






US Transfers 15 Guantanamo Bay Prisoners to the UAE

US Transfers 15 Guantanamo Bay Prisoners to the UAE






US Transfers 15 Guantanamo Bay Prisoners to the UAE The move marks the largest single transfer of Guantanamo detainees under the Obama Administration The United States has transferred 15 inmates from the Guantanamo Bay prison in Cuba to the UAE, officials revealed Monday. The move marks the largest single transfer of Guantanamo detainees during President […]






UAE Evaluates New Rain Enhancement Proposals

UAE Evaluates New Rain Enhancement Proposals






UAE Evaluates New Rain Enhancement Proposals The country drew international attention earlier this year after funding a study to boost rainfall with a man-made mountain  The UAE has warned the cutoff deadline for proposals for the 2nd cycle of its rain enhancement program is fast approaching. The program, which began in Y 2015, is designed […]






Dubai’s Real Estate Prices Expected to Rise in “Coming Months”

Dubai’s Real Estate Prices Expected to Rise in “Coming Months”






Dubai’s Real Estate Prices Expected to Rise in “Coming Months” Growth will be driven by the Emirate’s ‘Landmark’ Project, Khalalaf Al Habtoor said  Property prices in Dubai will increase in the “coming months” despite the current stagnation in the market, businessman Khalaf Al Habtoor predicts. Prices will increase due to heightened demand for landmark projects […]






UAE Remains a Hot Investment Destination

UAE Remains a Hot Investment Destination






UAE Remains a Hot Investment Destination The UAE has maintained its position as a top investment destination for citizens of the Gulf Cooperation Council, GCC, with 1,899 new licenses granted to GCC citizens to practice economic activities during 2015, leading to a total of 19,803 licenses by the end of 2015. Commercial licenses made the […]






Solar Impulse 2 Completes Historic Round-the-World Flight

Solar Impulse 2 Completes Historic Round-the-World Flight






Solar Impulse 2 Completes Historic Round-the-World Flight The Zero-fuel plane landed in Abu Dhabi Tuesday morning, more than a year after setting off from the UAE capital Solar Impulse 2 has completed its round-the-world trip powered only by the Sun after landing at Abu Dhabi’s Al Bateen Airport Tuesday morning. The Zero-fuel aeroplane set off […]






$80 Fine for Saudi Motorists Caught Playing Pokemon Go

$80 Fine for Saudi Motorists Caught Playing Pokemon Go






$80 Fine for Saudi Motorists Caught Playing Pokemon Go $NTDOY “Playing Pokemon Go will distract the driver who may hurt himself, other motorists and pedestrians,” an official warned.  Saudi Motorists found playing mobile game Pokemon Go will be fined SAR 300 ($80), the country’s traffic department said. The Traffic Department director general for the Eastern […]






In Digital Readiness Singapore Ranks #1, US #5, UAE 26th

In Digital Readiness Singapore Ranks #1, US #5, UAE 26th






In Digital Readiness Singapore Ranks #1, US #5, UAE 26th A nation’s ability to take advantage of information and communications technology in order to increase its competitiveness and well-being depends on its readiness quickly to implement and adopt new technologies as they emerge. The World Economic Forum identifies this ability as network readiness, and in […]






Brexit to Have Little Impact on Saudi and UAE Financial Institutions

Brexit to Have Little Impact on Saudi and UAE Financial Institutions






Brexit to Have Little Impact on Saudi and UAE Financial Institutions Saudi said it had already made some adjustments to assets denominated in Pound Sterling and Euros Saturday, 2  Gulf states said they did not anticipate their financial institutions to be greatly affected as a result of Britain’s vote to leave the EU. Saudi Arabia, […]






China Still is Dubai’s #1 Trading Partner

China Still is Dubai’s #1 Trading Partner






China Still is Dubai’s #1 Trading Partner China topped Dubai’s trading partners with bi-lateral trade totaling 39-B dirham (US$10.6-B) in Q-1 of Y 2016, Dubai Customs said Monday. India followed in 2nd place with 24-B dirham (US$6.5-B) worth of trade. The United States came 3rd with 22-B dirham (US$6-B). China became Dubai’s biggest trade partner […]






Dubai Property Plateau Suggests End to Down Cycle

Dubai Property Plateau Suggests End to Down Cycle






Dubai Property Plateau Suggests End to Down Cycle The monthly ValuStrat Price Index indicates the ‘bottoming-out’ of Dubai residential real estate prices Dubai residential real estate prices may have bottomed out after plateauing in May 2016, according to the property consultancy firm ValuStrat.The company said prices stabilised in April and May after almost 2 years […]






80% of Professionals Will Leave GCC if Income Tax Introduced

80% of Professionals Will Leave GCC if Income Tax Introduced






80% of Professionals Will Leave GCC if Income Tax Introduced VAT in the UAE will bring higher inflation, society of finance professionals says An overwhelming majority of finance professionals would leave the Gulf Cooperation Council (GCC) if income tax was implemented, research has revealed. In a study by CFA Society Emirates, 80% of the respondents said that […]






Water Homes is Part of Dubai Mega Project

Water Homes is Part of Dubai Mega Project






Water Homes is Part of Dubai Mega Project The project, called Marasi Business Bay, will be developed by Dubai Properties State-owned conglomerate Dubai Holding has announced a new Dhs 1-B project in Business Bay which will be developed by its real estate arm, Dubai Properties Group. Called Marasi Business Bay, the waterfront development will extend […]






UAE and Saudi Arabia Form Co-ordination Council

UAE and Saudi Arabia Form Co-ordination Council






UAE and Saudi Arabia Form Co-ordination Council The United Arab Emirates (UAE) and Saudi Arabia have agreed to set up a co-ordination council between the 2 countries in a bid to boost relations and increase bi-lateral collaboration. The signing ceremony for the launch of the council was held at the Peace Palace in Jeddah and […]






Dubai’s Expo 2020 Masterplan

Dubai’s Expo 2020 Masterplan






Dubai’s Expo 2020 Masterplan The 438-hectare site in Jebel Ali will be divided into several sections The Masterplan of the upcoming Expo 2020 Dubai was revealed last week at the Arab Media Forum, explaining the overall structure of the massive site. The exhibition area within the 438-hectare site in Jebel Ali will include a 2 […]






Dubai Headed to a Period of Accelerated Growth

Dubai Headed to a Period of Accelerated Growth






Dubai Headed to a Period of Accelerated Growth Dubai is weathering the Crude Oil-led economic slowdown afflicting its GCC neighbors and will enter a period of “rapid acceleration” in the buildup to the Expo 2020 trade fair, the International Monetary Fund says. Speaking to the media, the IMF’s mission chief for the UAE, Zeine Zeidane, […]






Four Seasons Hotel Abu Dhabi Opens

Four Seasons Hotel Abu Dhabi Opens






Four Seasons Hotel Abu Dhabi Opens The 200-Room hotel is located on Al Maryah Island The third Four Seasons in the United Arab Emirates (UAE), and 1st in Abu Dhabi, saw its 1st guests Thursday. Located on Al Maryah Island, the 200-room hotel adjoins the Abu Dhabi Global Market Square,  the UAE capital’s new international […]






Emaar Hospitality Plans 35 New Hotels and Residences

Emaar Hospitality Plans 35 New Hotels and Residences






Emaar Hospitality Plans 35 New Hotels and Residences Dubai property giant to add 14 hotels and 11 serviced apartments to portfolio Dubai property developer Emaar’s hospitality unit has unveiled plans to launch 35 new hotels and serviced residences under its Address, VIda and Rove brands. Under the plans, the company will add 14 new hotels […]






UAE Business Loan Demand Grows, Lenders Reluctant

UAE Business Loan Demand Grows, Lenders Reluctant






UAE Business Loan Demand Grows, Lenders Reluctant Central bank report finds improving demand in Q-1, as conditions tighten UAE businesses are demanding more loans but lenders appear less willing to supply them, according to a report from the country’s central bank. In its Q-1 report, the bank said the appetite for business credit improved from […]






Warner Bros To Open Mega Theme Park In Abu Dhabi

Warner Bros To Open Mega Theme Park In Abu Dhabi






Warner Bros To Open Mega Theme Park In Abu Dhabi $TWX The $1-B park at Yas Island is scheduled to open in Y 2018 Abu Dhabi will soon open a new $1-B Warner Bros, a unit of Time Warner (NYSE:TWX) themed destination, it was announced Tuesday. Located on Yas Island, the development will include a […]






MENA M&A Flat In Q-1 of This Year

MENA M&A Flat In Q-1 of This Year






MENA M&A Flat In Q-1 of This Year The Middle East and North Africa (MENA) region has recorded 13 M&A’s (mergers and acquisitions) in Q-1 of Y 2016, an unchanged number from the same frae in Y 2015, a study showed on Monday. But the total value of these deals dropped by 39.7% to US$1.5-B […]






Kris Jenner to Launch Business School in Dubai

Kris Jenner to Launch Business School in Dubai






Kris Jenner to Launch Business School in Dubai The Kardashian Matriarch plans to set up school 1st in New York, then the UAE Television star Kris Jenner is setting up to launch a Legacy business school in the United Arab Emirates (UAE). The mother to the Kardashian children came to Dubai to launch the school, which opens […]






Major Seychelles Developer Eyes UAE Property Investors

Major Seychelles Developer Eyes UAE Property Investors






Major Seychelles Developer Eyes UAE Property Investors Just under 10% of Eden Island investors are from the GCC The island nation of Seychelles remains an attractive destination for property investors from the Gulf Cooperation Council (GCC), especially those from the United Arab Emirates (UAE), according to one of its biggest developers. Located 200 metres from […]