May 2018 — Topical news of the United Arab Emirates

May 9, 2018 no comments 1000
By 2030, the smart gates at Dubai airports will replace passport officials’ platforms, a senior official revealed. Speaking at the Airport Security Middle East conference on the second day of The Airport Show, Major General Mohammed Ahmed Al Marri, director general, General Directorate of...

May 9, 2018 no comments 1350
Dubai-based supermarket Spinneys has officially opened the doors of its latest new store in Sharjah at Zero 6, a leading family-friendly lifestyle destination. Measuring 10,000 sq ft, the new Sharjah store will create over 40 new jobs for the local community and will be its 53rd store in the...

May 9, 2018 no comments 906
Mazroui tweeted after U.S. President Trump said that Washington will withdraw from an international nuclear deal with Iran DUBAI: United Arab Emirates Energy Minister Suhail al-Mazroui said on Tuesday that OPEC and non-OPEC efforts to rebalance the oil market and encourage oil investment...

May 8, 2018 no comments 1018
Norton Cyber Security Insights Report reveals that more than 1m UAE consumers affected More than 1 million UAE consumers were victims of online shopping scams in 2017, losing a total of AED321 million ($87.3 million), according to a new report. The 2017 Norton Cyber Security Insights...

May 8, 2018 no comments 1035
Global investment holding company says bank's first products are expected to debut in 2019 Dubai Holding, the global investment holding company, has announced it will invest up to AED1 billion ($270 million) over the next five years to launch a next generation digital bank for the UAE....

May 8, 2018 no comments 1023
Acquisition is focused on Saadiyat Island and includes hospitality, retail and residential assets In one of the largest real estate acquisitions in the history of the UAE, Aldar Properties has acquired a portfolio of prime real estate assets worth $1 billion (AED3.7bn) from the Tourism...

May 8, 2018 no comments 1085
The digital bank will target small and medium-sized businesses, Dubai Holding said in a statement on Monday. Dubai Holding, the investment vehicle of the emirate's ruler, said it plans to invest up to 1 billion dirhams ($272 million) over the next five years in a digital bank in the...

May 8, 2018 no comments 931
The multi-faceted and all-inclusive incubator and accelerator model will focus on growing, incubating and funding talent. Dubai-based conglomerate Al Ahli Holding Group plans to develop the world’s largest entrepreneurial and media hub to facilitate and support the growth of local and...

May 8, 2018 no comments 1030
Sales prices and rents are expected to face further correction during the rest of this year. Sales prices and rents for both apartments and villas continued to soften in the first 3 months of 2018, with little prospect of improvement in the short to medium term, according to Chestertons...

May 8, 2018 no comments 1131
Developer Al Hamra also plans to develop fountain display at Manar Mall Developer Al Hamra has announced the completion of phase one of the revamped Manar Mall in Ras Al Khaimah, with a total of 164 retailers, food outlets and entertainment options. The main construction work is now...

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