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UAE Financial Heads Woo London’s City Bankers

Despite a lack of local knowledge, UAE financial heads are increasingly looking to recruit top tier talent from the UK.

Zaha Hadid To Design ME by Meliá Dubai

Strikingly designed hotel aims to open in the Burj Khalifa district in 2016.

Dubai To Build World’s Largest Man-Made Lagoon

The lagoon will be situated in Mohammed bin Rashid City’s District One community and will cover 40 hectares of land.

UAE’s Ajman Bank Sacks Chief Executive

Ajman Bank, one of the smaller lenders in UAE, announced it had hired Mohammed Zaqout as chief executive on April 8.

Eid Al Adha Confirmed To Start October 15

The Ministry of Labour is yet to announce how many days off private sector workers will be given.

Etihad Wins India Cabinet Approval For $330m Jet Stake

The deal had been delayed due to scrutiny by Indian regulators and also due to opposition from some politicians.

Dubai Aims To Be World Centre For Islamic Business

Dubai wants to become a top centre for the issuance and trading of Islamic bonds, aiming to rival the main hubs of Kuala Lumpur and London.

UAE Start-Up GlamBox Secures $1.36m Funding

The new financing will be used to speed up plans for regional expansion, with GlamBox hoping to deliver its first products to Saudi before the end of the year.

UAE Records Highest M&A Deal Value In The Region

Deal value in the third quarter touched $19.1billion, up 99 per cent compared to the same period last year.

Acer Launches Liquid Smartphones Range

Liquid S1 is deemed most corporate friendly phone as the 5.7-inch HD screen model has dual sim and wireless office features.

Dubai House Prices Heading For Correction

House prices in the emirate have climbed more than 22 per cent over the past year.

Dubai Unveils Dhs2bn Canal Project For Business Bay

The scheme will include a new shopping centre, four hotels and 450 restaurants as well as luxury housing and cycling paths.

Dubai Financial Market Soars 15% On Merger Hopes

Retail traders dumped some of their recent favourite shares in order to shift to DFM.

ME Funds Bullish On Saudi But Cautious On UAE

Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.

Dubai Property Transaction Fee Could Balance Market

The newly doubled fee will help level the balance between genuine buyers and speculators, experts say.

Dubai Knowledge Village Celebrates 10-Year Anniversary

Earlier this year DKV reported growth figures of 24 per cent thanks to the arrival of businesses from the education, human resources and recruitment sectors.

Nokia Lumia 1020 Skydives Into Dubai

The smart phone will go on sale to the Middle East public at Gitex Shopper in Dubai on October 5.

UAE Bucks Trend In Cost Of Global Cybercrime

A report by Symantec has revealed the average cost of cybercrime per person has risen 50 per cent in the rest of the world.

UAE Bourse Merger Gathers Steam As Advisers Hired

Talks on a tie-up between the Dubai Financial Market and the Abu Dhabi Securities Exchange have occurred on and off since 2010.

Dubai’s Property Prices Soar But Still Lower Than 2008

Dubai’s villa and apartment sale prices have recorded year-on-year growth of 26 per cent and 42 per respectively.

Rera Warns Real Estate Brokers Against Telemarketing

Real estate brokers found flouting the rule will be fined after Rera received repeated complaints from property owners and developers.

Wyndham To Launch First Hawthorn Suites in Region

Extended stay brand will target executives on long-stay business and Gulf families.

SMEs Opt For Sharjah As Office Space In Dubai Heats Up

Sharjah’s affordability and proximity to Dubai has made the emirate an attractive option for SMEs and even some multinational companies.

UAE To Begin Direct Debit System On October 5

The implementation of the country’s first direct debit system will see a reduction in the use of post-dated cheques to secure finances.

Emirates Expands East And West

Carrier starts the new month in top gear by launching services to Clark in the Philippines, a new route between Milan and New York and its first A380 service to Brisbane

Biz-Group Named Best SME To Work For In UAE

The annual study assessed the level of credibility, respect, fairness, pride and camaraderie within an organisation.

Abu Dhabi’s Al Hilal Bank Launches $500m Debut Sukuk

Orders from investors reportedly reached $2.75 billion.

Etihad Starts Daily Ho Chi Minh Flights

New service to meet strong business and leisure demand and support UAE investments in Vietnam

New UAE Start-Up To Offer BPO Services To Telcos

Kinetic BPO is hoping to improve customer service standards in the UAE’s telecoms industry.

Dubai’s ENOC, Tristar Plan Oil & Gas Logistics JV In Saudi

The new joint venture is being set-up with an initial capital outlay of around $8 million.