October 11, 2017 no comments 873
Dubai hotels have seen double digit rate declines in recent years Revenues for Dubai properties listed on online platform Airbnb have increased more than four times over the last two years, according to an analysis by Chestertons, as regular hotels have seen rates decline. The firm...

October 11, 2017 no comments 1176
Officials believe the bike could be used to reach road accidents and other incidents more quickly Dubai’s police force is testing a new hover bike concept that could be used to reach emergencies more quickly by 2020. The battery-powered Scorpion, developed by Russian drone...

October 11, 2017 no comments 869
Dubai - The cost of education, tobacco, drinks or petrol may have increased, but there remains no expense greater than a house. So much so that people’s spending on accommodation in the UAE is forecast to hit Dh300 billion by the end of 2017, which would be enough to build a dozen mega shopping...

October 11, 2017 no comments 912
Emirates plans to end most of its flights between Australia and New Zealand as part of a renegotiated joint venture with Qantas Airways Ltd that will also see the Australian carrier quit flying to Dubai, the airlines said on Wednesday. Qantas CEO Alan Joyce said the changes would allow the...

October 11, 2017 no comments 862
Property consultancy JLL has warned of a potential oversupply of new homes in the Dubai market. The company's Q3 2017 Dubai Real Estate Market Overview report states that last month's Cityscape Global event saw sizeable new launches from major developers like Nakheel, which announced 3.2...

October 11, 2017 no comments 1008
ADGM sets out approach to 'initial coin offerings' and digital currencies Abu Dhabi’s Financial Services Regulatory Authority (FSRA) has published guidance to the market on listings of bitcoin and other cryptocurrencies. The Abu Dhabi FRSA, part of financial free zone Abu Dhabi...

October 10, 2017 no comments 1171
QBCo is the largest private label food manufacturing company in Colombia UAE-based investment firm Abraaj Group has acquired a majority stake in QBCo SAS, the largest private label food manufacturing company in Colombia. The company was acquired through one of Abraaj’s funds....

October 10, 2017 no comments 972
Dubai - Rents in some of Dubai’s busiest residential clusters are under intense pressure, with some landlords willing to cut their demand by 5-7 per cent. For tenants, the best way to access lower rents is seek out locations that have seen more new supply getting delivered or buildings with...

October 10, 2017 no comments 1055
DUBAI- The UAE has increased its overall score on the GSMA Mobile Connectivity Index by five points over the last two years, according to new data published on GSMA Mobile 360 - Middle East and North Africa event in Dubai. The data says that between 2014 and 2016, the UAE demonstrated progress...

October 10, 2017 no comments 1769
A new initiative aimed at opening doors to some of Dubai's biggest government and corporate entities for small companies was announced at the Gitex Future Stars event on Monday. Essa Al Zaabi, senior vice-president of Dubai Chamber of Commerce and Industry's Institutional Support Sector...

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