March 2018 — Topical news of the United Arab Emirates

March 8, 2018 no comments 262
Volatility and lack of regulation keep investors on the sidelines A handful of developers and landlords in Dubai are going down the cryptocurrency route in accepting Bitcoins as a mode of payment from investors/tenants. What's more, a few are even offering discounts in project costs for...

March 8, 2018 no comments 290
The airline is considering placing new orders for the first time in several years to support future growth Middle East budget carrier Air Arabia AIRA.DU will add more destinations and could order around 100 narrow-body aircraft this year, thanks to rising demand in Egypt and other hubs,...

March 7, 2018 no comments 270
Dubai Crown Prince also lauded the results of the Investment Report 2017 DUBAI: The General Pension and Social Security Authority, GPSSA, is staunchly committed to sustaining the UAE government's efforts to achieving the sustainable development goals of the country, according to H.H....

March 7, 2018 no comments 390
Improved transport infrastructure has boosted staycations particularly from Dubai, Abu Dhabi and visitors from Oman DUBAI: GCC visitors are driving demand in the UAE’s Northern Emirates, comprising more than 30 percent of hotel check-ins, which saw a positive uptick in Year-on-Year, YoY,...

March 7, 2018 no comments 335
Senior exec says business hub is playing key role in contributing to the UAE's technology journey Members of the Dubai Internet City (DIC) community have collectively attracted AED7.8 billion ($2.1 billion) in funding since its launch, the largest technology business hub in the region...

March 6, 2018 no comments 239
National Media Council announces new regulations to regulate electronic media in country The UAE will now require anyone conducting "commercial activities" through social media to register for a government-issued licence. The new rules announced on Tuesday target so-called "social...

March 6, 2018 no comments 335
Buyback is intended for cancelling or reselling the shares Etisalat’s shares climbed after the UAE's biggest telecommunications company said it’s seeking to buy back stock valued at as much as $2 billion. The board of Emirates Telecommunications Group, also known as Etisalat,...

March 6, 2018 no comments 373
Prime segment accounts for only 3 percent of Dubai real estate transactions There is strong long-term investment potential in Dubai’s prime segment, reinforced by low taxes and investment costs, according to a new report from Core Savills. According to Core Savills, only a small...

March 6, 2018 no comments 357
The property includes the world's largest open-air aquarium The much anticipated Atlantis Sanya on China’s Hainan Island in time for Chinese New Year, according to Atlantis Resorts & Residences. Located on the Haitang Bay National Coast, Atlantis Sanya is the first Atlantis resort in...

March 6, 2018 no comments 405
Dubai-based Emaar Development has unveiled an exclusive collection of ultra-luxury apartments, penthouses and podium-level townhouses in The Grand, a spectacularly designed residential tower located near the heart of Creek Island at Dubai Creek Harbour. The limited-edition launch...