September 2018 — Topical news of the United Arab Emirates

September 25, 2018 no comments 778
UAE property market has been suffering from a flood of new supply DUBAI/ABU DHABI- The United Arab Emirates' banking group is considering whether to ask the central bank to relax mortgage lending rules to stimulate a fragile real estate market, sources familiar with the matter said....

September 25, 2018 no comments 809
DP World hits intra-day low because of U.S.-China row DUBAI- Gulf stocks traded in negative territory on Monday, mirroring a dip in global market as concerns increased over a trade row between the United States and China. In Dubai, where the index shed 0.3 percent, contractor...

September 24, 2018 no comments 853
A Union Properties and Deyaar merger was all but certain in 2009, when the fallout from the financial crisis led to the deal being scuppered Union Properties has issued a statement denying any plans to merge with another developer in Dubai. In a statement today, Union Properties...

September 24, 2018 no comments 985
Real estate subsidiary of Emaar Properties names Bader Saeed Hareb new CEO less than 12 months after appointing last one Emaar Development has appointed Bader Saeed Hareb its new chief executive officer, the company has disclosed in a filing with the Dubai Financial Market. Hareb...

September 24, 2018 no comments 804
Azizi Developments seemed to emerge from nowhere when it launched a raft of projects across Dubai in 2013. But now, for the first time, its founder and chairman is ready to tell the backstory of his journey from war-torn Kabul to a real estate empire in Dubai, where he's now one of the city's...

September 24, 2018 no comments 882
Global companies such as Amazon pose 'threat' to UAE market, said Mohamed Alabbar, founder of Noon.com and chairman of Emaar Properties Mohamed Alabbar, the chairman of Emaar Properties and founder of e-retailer Noon.com, has called for new legislation that imposes 51% local ownership...

September 24, 2018 no comments 843
Azizi Developments currently has a pipeline of projects worth $12 billion and more than 200 ongoing projects across Dubai Azizi Developments is considering an IPO for its hospitality and development businesses according to Mirwais Azizi. In an exclusive interview the Azizi founder...

September 24, 2018 no comments 683
London Court of International Arbitration (LCIA) has ruled that contract valid and binding DUBAI: Dubai's government said on Sunday that a London court had extended an injunction prohibiting the government of Djibouti from interfering in a dispute over a port terminal seized from DP...

September 23, 2018 no comments 803
Sharjah Commerce and Tourism Development Authority chairman Khalid Jasim Al Midfa said that Air Arabia will add new Chinese destinations soon Sharjah is working to transform itself into a ‘China-ready” destination in a bid to woo more Chinese tourists, according to Khalid Jasim Al...

September 23, 2018 no comments 845
HiU Messenger is the third provider to be made available for VOIP use, after BOTIM and C'Me Etisalat has unveiled a third voice over internet protocol provider (VOIP). HiU Messenger is the latest app to be launched for use on Etisalat’s networks to make voice and video calls to...

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