Oil May see a Production Cut

Oil May see a Production Cut

Oil May see a Production Cut Suhail bin Mohammed Faraj Faris Al Mazrouei, Minister of Energy and Industry, has underscored the need to extend the crude oil production cut deal to ensure market stability and reasonable prices, noting that reaching an agreement by OPEC and non-OPEC countries toward this end is possible and is likely […]

Dubai Economy is Still Growing

Dubai Economy is Still Growing

Dubai Economy is Still Growing Dubai’s economy is expected to grow by 3-4 percent in the 2017-2018, Hamad Buamim, President and CEO of Dubai Chamber of Commerce and Industry, said at a ‘Meet the CEO’ event organised by the Government of Dubai Media Office, GDMO, on Monday. He pointed out that 98 percent of Dubai’s […]

Racing Season Begins in the UAE

Racing Season Begins in the UAE

Racing Season Begins in the UAE Quickly away under Paolo Sirigu, sporting the second colours of HH Sheikh Hamdan bin Rashid Al Maktoum, Kasb was the overall leader until just after halfway when headed by Riflescope, racing on the other side of the track. Sirigu’s mount found plenty for pressure though, regaining the initiative 200m […]

Oil Price Outlook

Oil Price Outlook

World oil demand growth in 2017 is expected to rise by 1.42 mb/d after an upward revision of around 50 tb/d,according to OPEC Monthly Oil Market Report, MOMR. Crude inventories rose by 6.2 million barrels in the week to Sept. 8 to 468.8 million, nearly double analysts’ expectations of an increase of 3.2 million barrels. […]

2017-18 UAE Race Fixtures

2017-18 UAE Race Fixtures

2017-18 UAE Race Fixtures The fixture list for the 2017 – 2018 UAE racing season has been approved by His Highness Sheikh Mansour Bin Zayed Al Nahyan, Deputy Prime Minister of the UAE, Minister of Presidential Affairs and Chairman of Emirates Racing Authority (ERA). The ERA season will offer 62 race dates and opens at […]

Housing is The Top Consumer Spending Category in the UAE

Housing is The Top Consumer Spending Category in the UAE

Housing is The Top Consumer Spending Category in the UAE Among GCC countries, consumer spending per household in the UAE was highest during Y 2016 at $103,000 Consumer spending in the UAE is expected to exceed $261-B in Y 2021, compared to nearly $183-B in Y 2016, according to research released by the Dubai Chamber […]

Safest City in The World: Abu Dhabi

Safest City in The World: Abu Dhabi

Safest City in The World: Abu Dhabi Abu Dhabi has been named the safest city in the world by Numbeo, a website that curates and collates data to develop the world’s largest user-contributed database about cities and countries worldwide. With the lowest crime index of just 13.54 in the past six months, and the highest […]

UAE Teaches the World How to Fight Extremism

UAE Teaches the World How to Fight Extremism

UAE Teaches the World How to Fight Extremism As global cooperation on combating extremism picks up pace, more governments are turning to each other for ideas on how to keep disillusionment and its discontents at bay. Sheikha Lubna Al Qasimi, Minister of State for Tolerance, the first woman to hold a ministerial post in the […]

Update: Expo 2020

Update: Expo 2020

Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum, visited the Expo 2020 Dubai Site Office today and said he was encouraged by the developments on site. During the visit, His Highness was accompanied by H.H. Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, […]

UAE Debuts Smart System to Provide Visas in 10 mins

UAE Debuts Smart System to Provide Visas in 10 mins

UAE Debuts Smart System to Provide Visas in 10 mins The smart system will allow UAE citizens and residents to undertake all Visa-related activity The UAE’s Ministry of Interior launched a new smart services system that will allow nationals and residents apply for entry permits and residency Visas within 10 minutes. The new service, called […]

Air Traffic to Dubai Still Growing

Air Traffic to Dubai Still Growing

Air Traffic to Dubai Still Growing Passenger numbers at Dubai World Central, DWC, Dubai’s second airport, grew by more than 35 percent in the first half of the year, according to the traffic report issued by operator, Dubai Airports, today. DWC welcomed 554,993 passengers in the first half of 2017 compared to 410,278 passengers during […]

UAE to “Shun” Qatar

UAE to “Shun” Qatar

UAE to “Shun” Qatar The conflict in the GCC with Qatar appears to show no signs of easing, with the UAE’s Minister of State for Foreign Affairs Dr Anwar Gargash suggesting that it was ‘time to move on’. In a series of tweets on Wednesday, Dr. Gargash accused Qatar of being a “conservative Gulf Monarchy” […]

Oil Price Tanks

Oil Price Tanks

Oil Price Tanks The international benchmark Brent crude was trading 2.5 percent down, at $46.91 per barrel at 11:40 GMT. US West Texas Intermediate (WTI) crude futures dropped 2.6 percent, to $44.33 per barrel. Prices for crude have dropped more than 2 percent on Friday as official data revealed that US drillers boosted production by […]

Microsoft’s (NASDAQ:MSFT) Skype Blocked in the UAE

Microsoft’s (NASDAQ:MSFT) Skype Blocked in the UAE

Microsoft’s (NASDAQ:MSFT) Skype Blocked in the UAE $MSFT Microsoft (NASDAQ:MSFT)-owned internet calling service Skype has been blocked again in the UAE amid confusion regarding the status of Voice over Internet Protocol (VoIP) communications in the country. Last week, the video and audio calling features of messaging app WhatsApp began working again in the UAE having […]

Qatar: Stocks on the Nation’s Exchange Drops, Arab Deadline Looms

Qatar: Stocks on the Nation’s Exchange Drops, Arab Deadline Looms

Qatar: Stocks on the Nation’s Exchange Drops, Arab Deadline Looms Qatar is accused by it neighbors of supporting terrorism and destabilizing the Gulf region, while at the same time hosting the regions largest US Military base. Issues on Qatar’s stock exchange have dropped following an extended Holiday closure as the small Crude Oil and Nat […]

FIFA President, “Qatar 2022 World Cup Not Under Threat”

FIFA President, “Qatar 2022 World Cup Not Under Threat”

FIFA President, “Qatar 2022 World Cup Not Under Threat” Gianni Infantino said he expected the diplomatic situation to be back to normal by the time the tournament is played FIFA president Gianni Infantino does not believe that the diplomatic crisis which has embroiled 2022 World Cup host nation Qatar will threaten its staging of the […]

The Future of e-Commerce in the UAE

The Future of e-Commerce in the UAE

The Future of e-Commerce in the UAE  Ulugbek Yuldashev outlines the changes on the horizon for the UAE’s online shopping market It’s no secret that e-Commerce is gaining immense popularity by the minute in the UAE and throughout the GCC, with the retail sector witnessing a steady shift from brick and mortar to online shopping. […]

UAE “Blacklist” Squeezing Liquidity of Qatari Banks

UAE “Blacklist” Squeezing Liquidity of Qatari Banks

UAE “Blacklist” Squeezing Liquidity of Qatari Banks Qatari banks have around QAR60-B in funding in the form of customer and inter-bank deposits from other GCC states A move by four Arab states to “Blacklist” dozens of figures with alleged links to Qatar could squeeze liquidity at Qatari banks which get a significant amount of their […]

Youssef al-Qaradawi, the Spiritual Leader of the Muslim Brotherhood Sanctioned

Youssef al-Qaradawi, the Spiritual Leader of the Muslim Brotherhood Sanctioned

Youssef al-Qaradawi, the Spiritual Leader of the Muslim Brotherhood Sanctioned Gulf Arab nations have put 12 organizations and 59 people that are associated with energy rich Qatar on a terror sanctions list. The move, announced Friday, is the latest development in the ongoing rift between Qatar and Bahrain, Egypt, Saudi Arabia and the United Arab […]

UAE Bans All Expression of Sympathy Towards Qatar

UAE Bans All Expression of Sympathy Towards Qatar

UAE Bans All Expression of Sympathy Towards Qatar Abu Dhabi Petroleum Ports Authority has re-imposed a ban on Oil tankers linked to Qatar Bahrain demands that Qatar distance itself from Iran Saudi and its allies add people, groups with Qatar links to terrorism lists Qatar vows no surrender in Gulf crisis as US, Kuwait seek […]

The Middle East, Oil and the Future

The Middle East, Oil and the Future

The Middle East, Oil and the Future “The Economies of the GCC States in the Post-Oil Era: Horizons and Solutions” was the underlying theme of a seminar in which Fujairah Chamber of Commerce and Industry participated in Oman recently. The seminar, organised by the Oman Chamber of Commerce and Industry, sought to identify the nature […]

Travel News: Ramadan in Dubai

Travel News: Ramadan in Dubai

Travel News: Ramadan in Dubai Discover the delightful taste of tradition Ramadan is a time of reflection and worship, where Muslims submit to regular prayer and daytime fasting. As the sun sets, the city comes to life as people head to elaborately decorated Ramadan tents to break their fasts with an Iftar buffet (sunset feast) […]

Arabs Cheer Donald Trump

Arabs Cheer Donald Trump

Arabs Cheer Donald Trump Saudi Minister of Foreign Affairs Adel bin Ahmed Al-Jubeir, has said that the contents of U.S. President Donald Trump’s speech before the Arab-Islamic-American Summit included key indicators of U.S. policy toward the Middle East and the horizon of cooperation between the United States and the Arab and Islamic worlds to confront […]

Dubai Plans the Future

Dubai Plans the Future

Dubai Plans the Future Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, has said that the UAE is moving forward in building a universal model to achieve innovative ideas to serve humanity, and that the UAE’s Centennial Vision 2071 originated from the historic lecture delivered by His […]

Travel Dubai: Marsa Al Arab

Travel Dubai: Marsa Al Arab

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, today visited Dubai Holding, the global investment holding company, where he announced the launch of ‘Marsa Al Arab’. Marsa Al Arab is a comprehensive tourist destination that aims to elevate family tourism in Dubai, as well as provide supporting […]

Dubai Now Boasts Its Own Typographic Font

Dubai Now Boasts Its Own Typographic Font

Dubai Now Boasts Its Own Typographic Font Not content with having the world’s tallest building, an indoor ski slope and countless other “wonders”, Dubai now boasts 1 more: its own typographic font. The forward-looking Mideast business hub unveiled the new font designed with Microsoft’s help Sunday. The government communication office says the Dubai Font integrates […]

UAE Stock Update

UAE Stock Update

UAE stock markets were calm on the last day of April with some shares closing slightly up. A number of brokerage companies have opted for clearing the short positions of their clients with the objective of settling their monthly financial statements before referring them to the Securities and Commodities Authority. While a number of leaders […]

Travel News: Dubai is Booming

Travel News: Dubai is Booming

Dubai’s tourism sector sustained momentum in its strong start to 2017 with the emirate’s Department of Tourism and Commerce Marketing, known as Dubai Tourism, reporting a stellar 11 percent increase in overnight visitation in the first three months of the year compared to the same period in 2016. January to March 2017 saw 4.57 million […]

Putin Building Ties with UAE

Putin Building Ties with UAE

His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, has discussed with Russian President Vladimir Putin, friendship, cooperation, regional and international issues of mutual interest. This came when the Russian President received His Highness Sheikh Mohamed bin Zayed and accompanying delegation at […]

Business Growth in UAE’s Private Sector Taps 25-month Highs

Business Growth in UAE’s Private Sector Taps 25-month Highs

Business Growth in UAE’s Private Sector Taps 25-month Highs $OIL Business activity was led by new projects, a further general improvement in economic conditions and market demand The UAE’s non-Oil private sector registered strong growth in March, in line with the trend so far this year, according to Emirates NBD’s monthly survey. Growth in the […]

Residential Property Sales & Leasing in UAE to be Exempt from VAT

Residential Property Sales & Leasing in UAE to be Exempt from VAT

Residential Property Sales & Leasing in UAE to be Exempt from VAT $GLD, $SLV, $PLAT The 1st sale of new residential property in the country will be subject to the Zero rate of VAT. Investment Gold, Silver and Platinum will also be Zero-rated. Supplies of residential property including sales and leasing in the UAE will be […]

Dubai Police Arrest Hackers Targeting White House Staff

Dubai Police Arrest Hackers Targeting White House Staff

Dubai Police Arrest Hackers Targeting White House Staff Dubai (UAE) police have arrested foreign hackers who targeted 5 senior White House officials in a blackmail e-Mail scam, state-owned media reported Monday. The Arabic-language Al Bayan newspaper and the television channel Dubai One reported the arrests, while Dubai police did not answer a call for comment. […]

Unstable Weather Continue Across the UAE

Unstable Weather Continue Across the UAE

Unstable Weather Continue Across the UAE Heavy rainfall will persist over scattered areas Unstable weather will continue across the UAE Sunday, the UAE’s National Centre of Meteorology and Seismology (NCMS) said. In its daily bulletin, NCMS confirmed that heavy rainfall would persist over scattered areas, with thunder also anticipated. “Cloud amounts are increasing over most […]

UAE at Forefront in Re-engineering & Reshaping Higher Education

UAE at Forefront in Re-engineering & Reshaping Higher Education

UAE at Forefront in Re-engineering & Reshaping Higher Education Dr. Mansoor Al Awar, Chancellor of Hamdan bin Mohammed Smart University (HBMSU) and Chairman of the Governing Board of the United Nations Institute for Information Technologies in Education (UNESCO), joined an elite group of international leaders and experts participating in Mobile Learning Week (MLW) 2017 held […]

UAE Launches Project to Become “World’s Best” Country

UAE Launches Project to Become “World’s Best” Country

UAE Launches Project to Become “World’s Best” Country The project’s objectives center on education, economy, government development and community cohesion The UAE’s Cabinet has launched the 2071 Centennial project to make the country the best in the world 100 years after its founding. The plan was revealed by is Highness Sheikh Mohammed Bin Rashid Al […]

Launch of Dubai’s First Modern Stone Villas

Launch of Dubai’s First Modern Stone Villas

Launch of Dubai’s First Modern Stone Villas DAMAC Properties, a leading luxury real estate developer in the region, today launched Hajar Villas, Dubai’s first modern stone villas. Hajar Villas are a collection of premium, contemporary homes available in four-bedroom vacation homes, spacious three-bedroom homes, one-bedroom duplexes with open-plan arrangements, and duplex units for families, consisting […]

Donald Trump Jr, Eric Trump Officially open Dubai Golf Club

Donald Trump Jr, Eric Trump Officially open Dubai Golf Club

Donald Trump Jr, Eric Trump Officially open Dubai Golf Club The Trump International Golf Club Dubai was developed by Damac Properties US President Donald Trump’s eldest sons Donald Trump Jr. and Eric Trump were guests of honor at the opening of a Trump-branded golf course in Dubai Saturday, the 1st Trump property project launched since […]

Donald Trump’s Order “Does Not Target Muslims”

Donald Trump’s Order “Does Not Target Muslims”

Donald Trump’s Order “Does Not Target Muslims” Wednesday, a top UAE official said that US President Donald Trump’s visa ban on citizens of 7 predominantly Muslim countries is not targeting any religion. “The vast majority of Muslims and Muslim countries have not been affected by this ban,” United Arab Emirates Foreign Minister Sheikh Abdullah bin […]

Trump Talks with Saudi King Salman, Plan ISIS Strategy, Refugee Safety

Trump Talks with Saudi King Salman, Plan ISIS Strategy, Refugee Safety

Trump Talks with Saudi King Salman, Plan ISIS Strategy, Refugee Safety Trump’s Muslim Ban is a measure put in place to allow his administration to undo the harm done by Obama and Clinton. The ban was directly followed by a series of calls and negotiations with the leaders of the Middle East, calls than went […]

The Growing Regional Power of the United Arab Emirates  

The Growing Regional Power of the United Arab Emirates  

The Growing Regional Power of the United Arab Emirates In recent years, the United Arab Emirates (UAE) has positioned itself as a Key player in the processes shaping the region (GCC). After dealing with potential threats at home, the federation took a leading role in contending with some of the political, economic, and military challenges […]

Local Talent To Drive GCC’s Cyber Security Industry

Local Talent To Drive GCC’s Cyber Security Industry

Local Talent To Drive GCC’s Cyber Security Industry Cyber security companies are now looking to develop talent locally The Gulf Cooperation Council (GCC) has the potential to develop its own cyber security industry rather than rely on international talent, according to 2 leading executives. Speaking on the sidelines of an event in Abu Dhabi, the […]

Dubai Launchs UAE Food Bank

Dubai Launchs UAE Food Bank

Dubai Launchs UAE Food Bank The food bank will partner with food producers, volunteers and partners to store and distribute excess food for Zero waste Dubai is aiming to become the 1st city in the GCC to achieve Zero food waste with the launch of a new UAE Food Bank. The initiative was launched by […]

Horse Racing News: The Emirates Racing Authority

Horse Racing News: The Emirates Racing Authority

Born of noble Bedouin traditions, racing in the UAE has rapidly evolved and the UAE now has a rightful place alongside the great racing nations. The modernisation of racing in the UAE has mirrored the development of the nation, and this transformation has been fuelled by the passion of the Emirati people. Professional racing began […]

UAE Embassy Urges Emiratis to Avoid Crowds after Berlin Terrorists Attack

UAE Embassy Urges Emiratis to Avoid Crowds after Berlin Terrorists Attack

UAE Embassy Urges Emiratis to Avoid Crowds after Berlin Terrorists Attack The attack on Berlin’s Christmas market killed at least 12 people The UAE Embassy in Berlin has advised Emiratis in the German capital to avoid crowded places following a suspected terrorist attack last Monday evening. A truck drove into the Berlin Christmas market at […]

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 […]

NASDAQ Dubai to Open Equities Futures Market

NASDAQ Dubai to Open Equities Futures Market

NASDAQ Dubai to Open Equities Futures Market The introduction of stock futures could be a major development for equity markets in the UAE The NASDAQ Dubai exchange will open an equity futures market in September to trade single-stock futures on the shares of some of the United Arab Emirates’ (UAE) biggest companies, the bourse’s CEO […]

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 […]