September 2018 — Topical news of the United Arab Emirates

September 26, 2018 no comments 849
58% of UAE residents are looking to purchase local or international property in the next year, with the US, UK and Australia the most popular Just over half of UAE residents are looking at property as an investment, either locally or overseas, in the next year, a new survey has found....

September 26, 2018 no comments 803
Lulu Hypermarket will be spread across 55,000 square feet of retail space within the Waterfront Market in Dubai UAE-based retail giant Lulu Group and The Waterfront Market have signed an agreement to open an anchor outlet in Dubai in January 2019. The Lulu Hypermarket will be...

September 26, 2018 no comments 689
Khalifa Industrial Zone Abu Dhabi says new products launched in response to demand from distributors, manufacturers, shippers and logistics companies Khalifa Industrial Zone Abu Dhabi (KIZAD) has expanded its product offerings with the launch of new free zone warehouses and light...

September 26, 2018 no comments 695
Valuation and location are still being discussed and no final decisions have been made, according to sources Oman’s Renaissance Services SAOG, a service provider to the oil and gas industry, is considering an initial public offering for its Topaz Energy & Marine unit, according to...

September 25, 2018 no comments 750
Mastercard report says Dubai topped the list of global cities with the highest international overnight visitor spend Dubai has retained its ranking as the fourth most visited city in the world for the fourth straight year, according to Mastercard’s Global Destination Cities Index...

September 25, 2018 no comments 863
New 'no frills' bank account among proposals to speed up banking access for SMEs The process of setting up a corporate bank account for small and medium-sized enterprises in the United Arab Emirates can be ‘painful’, taking up to three months, according to a new white paper published...

September 25, 2018 no comments 832
Mirwais Azizi says he is concerned about oversupply Offplan sales in Dubai are strong and oversupply is not a long-term issue, according to Azizi Developments founder and chairman Mirwais Azizi. In an exclusive interview with Arabian Business Azizi said: “Believe me the market...

September 25, 2018 no comments 785
Emirates airline said Mexican authorities' decision to only allow three flights a week makes the route not commercially viable Emirates has withdrawn its application to operate flights from Dubai to Mexico through an intermediate stop in Spain, an airline spokesperson confirmed to...

September 25, 2018 no comments 707
Emirates earned $117m from excess baggage fees in the 12 months until March 2018 Charging for services including checked baggage and meals onboard adds more than half a billion dollar in revenues from three out of four airlines in the UAE, results from a recent report show....

September 25, 2018 no comments 809
The company will use the loan proceeds to refinance part of its existing debt. DUBAI- Emirates Steel, the largest steel producer in the United Arab Emirates, has hired BNP Paribas to coordinate a $400 million loan financing, sources familiar with the matter said. The company,...

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