July 2017 — Topical news of the United Arab Emirates

July 6, 2017 no comments 1176
E-commerce set to account for 10 per cent of Dubai’s total retail trade within the “next few years” Dubai’s retail sector is evolving rapidly with the increased advancement of e-commerce into the sector, with more retail brands offering both online and offline experiences, a new report by...

July 6, 2017 no comments 1002
The UK Export Finance (UKEF) is providing more than $600 million in support for UK construction firms to deliver three major infrastructure projects in Dubai, UAE, said a senior official. Britain’s export credit agency, UKEF, will be backing UK construction companies Carillion and Kier...

July 6, 2017 no comments 1067
Thomas Cook, the British global travel company, on Thursday announced it will open its first own-brand hotel in the United Arab Emirates later this year. The Ras Al Khaimah Beach Resort will open on November 1, 2017 and is part of Thomas Cook’s plan to open 22 new own-brand hotels around...

July 6, 2017 no comments 984
Landlords are enticing tenants with better deals, to keep flats occupied amid low demand Dubai: Landlords in Dubai aren’t just open to accepting multiple cheques and reducing lease rates, they are also offering rent-free periods just to attract tenants. Despite claims that the...

July 6, 2017 no comments 1066
Dubai Multi Commodities Centre (DMCC) will be hosting the third edition of its biennial two-day Dubai Diamond Conference 2017, under the theme ‘Destination Next – Shaping the future of an interconnected marketplace’. The conference will be held on October 16 and 17 in Dubai, one of the...

July 5, 2017 no comments 1092
The refinancing risk for speculative-grade non-financial companies in Europe, the Middle East and Africa (EMEA) region has considerably fallen, with over half of the almost $1 trillion debt now due in 2022 and beyond as investors' continued strong appetite for higher yields pushes maturities...

July 5, 2017 no comments 1288
The United States has lifted the in-cabin ban on laptops and other large electronic devices on U.S.-bound flights from Dubai and Istanbul, Emirates and Turkish Airlines said on Wednesday. The announcements come three days after restrictions were lifted on Etihad Airways' hub Abu Dhabi...

July 5, 2017 no comments 1117
New report says 78,000 units scheduled for delivery by 2020 could hinder price recovery The downturn in Dubai's residential market, which has seen prices fall over a number of months, is nearing its end, according to a new report. JLL's Q2 2017 Dubai Real Estate Market Overview report...

July 5, 2017 no comments 1154
US e-commerce giant looking to expand regionally, says Grandinetti Souq.com will continue to operate its current website as is for the time being, a senior Amazon.com executive has said. On Monday, the US e-commerce giant completed the acquisition of Souq.com after signing an...

July 5, 2017 no comments 938
Etihad Airways has introduced the Airbus A380 aircraft on one of its two daily services between Abu Dhabi and Paris Charles de Gaulle. The new service has been introduced to meet seasonal demand from July 1 to October 28 and December 15 to February 15, 2018. The A380 will then...

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