October 2017 — Topical news of the United Arab Emirates

October 31, 2017 no comments 319
The Bulgari resort is located on an exclusive seahorse-shaped island off of Jumeirah Road Dubai’s new Bulgari Resort, claimed to be the emirate’s most expensive hotel, will officially open to the public on December 7 as part of a wider project under development by holding company Meraas....

October 31, 2017 no comments 284
IMF chief sees implementation of VAT generating up to 2% of Gulf region's GDP The implementation of Value Added Tax (VAT) will generate between 1.3 to 2 percent GDP in the economies of the GCC despite the different speeds at which they will be implemented across its member states,...

October 31, 2017 no comments 232
Retail giant Majid Al Futtaim says City Centre Al Jazira will be its first in the UAE capital Construction work has started on a new AED1.4 billion ($380 million) lifestyle destination in Abu Dhabi, with an opening slated for 2021. An official greound-breaking ceremony has taken...

October 31, 2017 no comments 258
Dubai: Despite subdued oil prices, immense sums of money are still being poured into mega projects in the UAE, and the list of new developments coming on stream – from malls and commercial complexes to villas and skyscrapers -- just keeps on growing. As of October 2017, more than 11,600...

October 31, 2017 no comments 203
DUBAI - Du, the United Arab Emirates' No.2 telecom operator, posted a 4 percent rise in third-quarter net profit on Tuesday, in line with the forecasts of two analysts. Du, which ended rival Etisalat's domestic monopoly in 2007, made a net profit after royalty of 475.7 million dirhams...

October 31, 2017 no comments 333
The long-awaited UAE investment law, which seeks to allow more than 49 per cent ownership to foreign investors in some specific business sectors, is expected to be introduced in the first quarter of 2018, Sultan bin Saeed Al Mansouri, Minister of Economy, said on Monday. The final draft of...

October 31, 2017 no comments 259
Tenants in Abu Dhabi are seeing a decrease in rents. The value-conscious ones are making budgetary cuts and moving to more affordable areas. All this comes as a result of weak demand in the capital's housing market owing to sluggish economic growth, says property company Chestertons Mena....

October 31, 2017 no comments 236
The planned 2,100 km passenger and cargo network will connect all the GCC states The UAE infrastructure minister said on Monday he expected a delayed rail project connecting nations across the Gulf to be operational by 2021, despite a regional political crisis that has divided some...

October 31, 2017 no comments 364
Headline acts includes French singer Matthieu Chedid and Lebanese jazz musician Ibrahim Maalouf The Louvre Abu Dhabi will celebrate its opening from November 11-14 with a series of events including multicultural music, arts and dance performances as well as educational workshops....

October 31, 2017 no comments 221
Organisers say buildings are the first structures to reach above-ground level; construction across the site on track Expo 2020 Dubai’s pavilions for some participant countries have reached above-ground level, a key milestone in construction on the 4.38 square kilometre site in Dubai,...