Opinion Rates rise has come too late to curb inflation Difficult times lie ahead for those already struggling with the cost of living June 16, 2022
Analysis Banking & Finance Foreign government workers to benefit from new saving scheme A new savings scheme for foreign employees working in Dubai Government, which aims to enhance the end-of-service benefits system, is set to come into effect on July 1. Dubai International Financial Centre (DIFC), the entity responsible for supervising the implementation of the Savings Scheme for Foreign Employees in the Government of Dubai, has held several […] June 15, 2022
Lifestyle Saudi slips and UAE soars as millionaires seek new homes Saudi Arabia is forecast to lose 600 high net worth individuals this year while the UAE is set to gain 4,000, according to a new report June 15, 2022
Real Estate One in five queries for Dubai homes from Russians Russian speaking investors continue to look to the emirate’s real estate for deals, as the ongoing Russia-Ukraine conflict intensifies Investors from Russia and the 11 other Commonwealth of Independent States (CIS) countries now represent more than 20 percent of potential homebuyers in Dubai. The average ticket size ranges from AED 2.5 million ($680,000) for individuals […] June 2, 2022
Exclusive Banking & Finance UK $350m venture capital fund sees Dubai on the Horizon Founder of London-based Digital Horizon targets investment potential in UAE startups London-based venture capital fund Digital Horizon is targeting the UAE for growth, with investments in its first Dubai-based startups expected to be completed later this year. Alan Vaksman, founder and general partner of Digital Horizon, which has $350 million of assets under its management, […] May 26, 2022
Analysis Lifestyle Get ahead in the Gulf with our networking advice This month’s guide on how to succeed in the Middle East offers essential tips on business practices and social etiquette The Middle East is rich in opportunity for businessmen and women, but entrepreneurs keen to forge partnerships need to remember that norms and practices can vary from those in Europe or the US. The region […] May 23, 2022
Exclusive Real Estate Emaar to release $11m land plots in ‘Beverly Hills of Dubai’ Dubai’s Emaar Properties is expected to release nearly 20 rare new land plots for sale in the city's most upmarket neighbourhood, Emirates Hills, several real estate agents have confirmed May 20, 2022
Opinion Real Estate 9 ways to choose the best Dubai property Find your dream villa or flat, secure funding and select the right real estate agent for you with help from our expert guide to home-buying in Dubai May 19, 2022
Exclusive How technology is transforming the UAE-UK trade relationship A quick look at the latest UAE-UK trade figures might give the impression that the centuries-old relationship isn’t what it used to be. But dig a little deeper and the figures – down sharply from close to £18 billion in 2018-2019 to £12.3 billion in the year to last September – can be explained by […] May 19, 2022
Analysis Markets ‘Savvy’ investors snap up DEWA shares Plenty of mystery surrounds the listing of Dubai utilities giant DEWA, the Middle East’s largest IPO since the floating of Saudi Aramco in late 2019. When CNBC’s Dan Murphy organised an interview with DEWA’s CEO, he hoped to extricate some details from the infamously secretive boss. Amid surging shares following news of the float, Saeed […] May 9, 2022
Abu Dhabi sees £2.5bn of property deals in Q1 The volume of real estate transactions in the UAE capital reached AED11.3 billion (£2.5 billion) across 3,304 deals in the first quarter of 2022, official figures reveal. Yas Island, the Abu Dhabi neighbourhood that houses the Formula 1 racing track and several other leisure and entertainment destinations alongside upmarket residential complexes, recorded the largest amount […] May 9, 2022
Real Estate The new boom: 5 trends shaping Gulf property markets Demand for real estate in the GCC region is outpacing supply, keeping prices high and contributing to record transaction levels in the property hotspot of Dubai. AGBI looks at the key factors influencing the markets this year. May 9, 2022