Sheikh Mohammed visits Expo 2020 Dubai site

Sheikh Mohammed visits Expo 2020 Dubai site

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, visited the Expo 2020 Dubai Site Office today and said he was encouraged by the developments on site. During the visit, His Highness was accompanied by Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Deputy Ruler […]

Buying in blue chip triggers late recovery in Dubai index

Buying in blue chip triggers late recovery in Dubai index

Emaar Properties witnessed buying in the last hour of trade, triggering a recovery in the Dubai index. The Abu Dhabi index jumped 1 per cent on buying in banking stocks.     The Dubai Financial Market General Index closed 0.32 per cent higher at 3,660.94, recovering from a low of 3,627.60. Emaar Properties closed at […]

Idle Dubai homes make an active comeback

Idle Dubai homes make an active comeback

Dubai has had its share of homes that remain vacant for most part of the year. Referred to as ‘shadow inventory’, such homes have existed in Dubai since the early years of freehold ownership. According to a recent Propertyfinder report, shadow inventory is being added back to the rental market in Dubai as capital appreciation […]

Retail extravaganza: Shop till you drop at Summer Bazaar in Dubai

Retail extravaganza: Shop till you drop at Summer Bazaar in Dubai

A Summer Bazaar is being held at Hall 7 of the Dubai World Trade Center until September 4, featuring handicrafts, apparel, beauty products, perfumes, home appliances, toys, baby items, and local and international cuisine. The bazaar is running parallel to Modhesh World, a huge indoor edutainment theme park, and Truckers DXB, which features food trucks. It offers products from […]

Air Arabia shares surge on otherwise mixed day for Gulf bourses

Air Arabia shares surge on otherwise mixed day for Gulf bourses

Airline’s second quarter profit rose 19 per cent  Stock markets in the Gulf were narrowly mixed in sluggish, early trade on Tuesday although Dubai’s Air Arabia rose sharply on better-than-expected second-quarter earnings. Air Arabia surged 6.5 per cent, accounting for over a third of the market’s trading volume, after it reported a 19.2 per cent […]

4th Dubai International PM Forum attracts 50 speakers

4th Dubai International PM Forum attracts 50 speakers

50 speakers or more comprising ministers and senior executives of top global firms will be delivering speeches at the 4th Dubai International Project Management Forum (DIPMF). The event will take place under the patronage of His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai Crown Prince and Chairman of the Executive Council. It […]

China ride-hailing firm DiDi backs Uber rival Careem

China ride-hailing firm DiDi backs Uber rival Careem

DUBAI/FRANKFURT (Reuters) – DiDi Chuxing, China’s largest ride-hailing firm, has invested in Middle East online taxi service Careem in a new partnership deal that marks Didi’s latest international expansion against rival Uber. DiDi is seeking to turn up the heat on ride-sharing pioneer Uber via a string of partnerships with regional players in Southeast Asia, […]

British tourists shun France and terror-hit countries in north Africa as they flock to sun-drenched Croatia and Dubai instead

British tourists shun France and terror-hit countries in north Africa as they flock to sun-drenched Croatia and Dubai instead

British tourists are shunning France and terror-hit countries in north Africa as they flock to other sun-drenched resorts in Dubai and Croatia instead. Spain is the UK’s top holiday destination with 12.9 million Brits making the trip to the sunny Mediterranean country last year – up from 6.9 million in 1996. But holidaymakers are rejecting the once […]