The five-year sukuk was oversubscribed 2.5 times with a total book size exceeding $750m
Author: Aarti Nagraj
Regulator of Dubai’s DIFC fines global mortgage firm $105,000 for ‘unauthorised activity’
Enness’ DIFC office was fined for carrying out activities outside the scope of its licence
Empower opens world’s first unmanned cooling plant in Dubai
By the end of 2020, the plant will have a total cooling capacity of 49,000 refrigeration tonnes
Dubai Police extends initiative to waive traffic fines
A total of 557,430 motorists benefitted from the previous initiative announced in February 2019
Hundreds of residents of Dubai’s Duja Tower return back after fire
Residents were evacuated after a fire broke out at the building on Thursday night
RTA, Careem launch bike rental service in Dubai
Careem will operate 1,750 bicycles and install 175 stations during the first two years, later increasing them to a total of 3,500 bicycles and 350 stations over the next five years
Dubai Economy issues 4,692 instant licences to date
The instant licence service enables businessmen to obtain a commercial license within five minutes
Video: Dubai Police solve Dhs20m jewellery heist in 48 hours
Police urged residents to secure their valuables to avoid thefts
Dubai boat show 2020 to be held at new Dubai Harbour marina
The five-day show will see 28 regional and global launches across a fleet of more than 450 boats and watercrafts
Revealed: Areas offering the highest rental yields in Dubai
The average gross rental yield in Dubai stands at 7 per cent, finds report
Dubai’s W Motors, maker of $3.4m supercar, seeks funds to go electric
W Motors has hired investment bank Guggenheim Partners to help raise as much as $100m
Emirates reopens resort in Australia after bushfires led to its temporary closure
The One&Only Wolgan Valley resort in Australia reopened in early February
Dubai’s Eat App raises $5m Series B round
Eat App’s restaurant reservation platform currently supports over 1000 restaurants, hospitality groups and hotels, and has processed over 10 million diners to date
Dubai’s Emirates cancels flights to Lagos on weather concerns
Due to low visibility and poor weather, flights were cancelled on February 17-18
Emirates launches discounted fares for spring 2020
The offer is valid for bookings from February 17-29, for travel until June 15, 2020
Dubai’s DP World to upgrade, maintain Eritrean ports
Formerly isolated Eritrea is normalising foreign relations after signing a peace deal in July 2018 with neighbouring Ethiopia
Video: Sheikh Mohammed receives Ivanka Trump at GWFD 2020
They discussed the W-GDP initiative launched by the White House as well as UAE’s role in the We-Fi initiative
DP World to delist from Nasdaq Dubai
Parent company Port and Free Zone World has offered to acquire DP World’s shares currently traded on Nasdaq Dubai
Why Chinese investors should set their sights on Dubai
As Chinese investors continue to look for lucrative real estate opportunities worldwide, Dubai could capture a larger slice of the pie
Healthcare group Aster gets approval for 100% ownership of its business in Dubai
The UAE has passed a new law granting complete ownership to foreign companies in approved sectors
No fee hike for private schools in Dubai next year – KHDA
A total of 295,148 students across 173 nationalities are receiving education in schools across Dubai
Dubai’s DWC posts 81.5% growth in passenger traffic in 2019
DWC welcomed 1.634 million customers during 2019, compared to 900,202 passengers in 2018
Dubai’s Deyaar reports 49% profit dip in 2019
The company posted net profit worth Dhs71.5m for 2019
Dubai’s Damac Properties posts net loss for 2019
The developer reported a net loss of Dhs36.9m for 2019