In 2015, Malian businessman and former interim prime minister Cheick Modibo Diarra told Arabian Business: “When it comes to investment…Africa really is the last frontier. Be it agriculture, energy production, extraction of gold and diamonds, or oil and gas, we have a lot of opportunities and a young workforce that understands how business works.” He was speaking at a time when interest in Africa among Middle East […]
Kabir Mulchandani is a hands-on developer. While he may not be laying bricks, the SKAI Holdings CEO forwent his air-conditioned office in Downtown Dubai for an often stinking hot construction site on the Palm Jumeirah for the two years that it took for his flagship $1.2 billion hotel to be built. It was only in November that he finally walked offsite when the Viceroy Dubai Palm Jumeirah […]
Bernie Dunn may have retired from the US Army but he remains on a mission in the Middle East. The Boeing regional president hit a bullseye on December 11 when his team secured an $8 billion deal with Iran Air in the airline’s first plane contract since 1979. The world’s largest aerospace manufacturer beat out its French rival, Airbus, by 11 days. Though Airbus then secured 20 […]
After starring in the West End production of Miss Saigon in London, Filipino performers Rachelle Ann Go, Eva Noblezada and Jon Jon Briones moved to New York City this week to begin rehearsals for the Broadway revival of the hit musical, which will return to the stage there on March 1. Noblezada, 20, will reprise the lead role of Kim, while Go will play Gigi Van Tranh. […]
|By Arabian Post Staff| The trend of falling real estate prices in Dubai is expected to continue throughout 2017, real estate consultancy CBRE said in an annual report. “With an expanding pipeline of new units, current deflation trends are likely to continue throughout 2017, with many new homes set to complete, Mat Green, Head of Research & Consultancy UAE, CBRE Middle East said, The residential sector experienced […]
Gastronomes can dig into the world cuisines and culinary workshops when the Dubai Food Festival returns next month. The next edition will be a 17-day programme of events, activities, promotions and celebrity chef appearances from February 23. Organised by Dubai Corporation for Tourism and Commerce Marketing (DCTCM), the festival bring together the best eats, fine dining, hole-in-the-wall and hidden gems from the emirate and shed light on […]
Al Hamra Real Estate Development has introduced new five year payment plans for units in Al Hamra Village. Prices for properties in the Ras Al Khaimah development start at AED 3,300 per month, payable over five years. According to the developer, this compares to AED 55,000 for the annual rent of a studio apartment in Dubai’s Jumeirah Lake Towers; AED 50,000 in Dubai Marina; and AED 70,000 […]
The head of Dubai Land Department (DLD) has predicted an rebound for the city’s real estate market this year, signaling an upward trend for sustained growth in the run-up to Expo 2020. Sultan Butti Bin Merjen, director general of DLD made the comments in an annual report for 2016 which revealed that total real estate transactions in Dubai exceeded AED259 billion ($70.5 billion). This was marginally down […]
‘Contemporary art is not a decoration, it is a statement. It is a wonderful seismograph of our societies and realities.” These words were part of the opening speech given last week by founder Lorenzo Rudolf at the seventh edition of Art Stage Singapore in the South-east Asian island city. Rudolf, from Switzerland, has made it his mission to champion those sentiments since 1991, when he took over […]
|By Saifur Rahman|Dubai added 26,707 new companies last year to the existing 107,043 trade licenses, reflecting strong investor confidence in the emirate, the Department of Economic Development, Dubai’s trade licensing authority, said in a statement. “The number of licenses renewed in 2016 was 107,043 while 20,873 initial approvals were issued and 38,918 trade names were reserved,” the statement said. This means Dubai now has 133,750 companies active […]
|By Saifur Rahman| Indian investment in Dubai’s real estate fell 40 per cent to Dh12 billion ($3.2 billion) in 2016, down from Dh20 billion ($5.4 billion) in 2015, Dubai Land Department reports show. However, Indian nationals remain the top foreign investor group by nationality. As has been the case in previous years, more than 7,000 UAE nationals from across the GCC, Arabs, and foreigners invested nearly Dh22 […]
|By Saifur Rahman| Sales transactions fall 20.76% to Dh103 billion The total value of land transactions declined marginally by 2.99 per cent to Dh259 billion in 2016, down from Dh267 billion recorded in 2015, and 18.8 per cent up from Dh218 billion recorded in 2014, according to Dubai Land Department (DLD) reports. The number of real estate transactions also declined 4.9 per cent to 60,595 last […]
Not only is Kim Kardashian one of the most beautiful women in the world, she is one of the most high-profile too. This month, she returned to social media for the first time since she was robbed at gunpoint in Paris on October 3. With the eyes of the world’s media on her, and determined to make a fresh start after a traumatic year, Kardashian made her […]
“We open a new hotel every 36 hours,” Sébastien Bazin remarks, after outlining the impressive portfolio of French hospitality chain AccorHotels, with 4,100 hotels spread across 95 countries and employing 240,000 people. The significant sum includes properties gained through the recent acquisition of FRHI, a hotel management company formerly owned by Qatar Investment Authority, billionaire Saudi Prince Alwaleed bin Talal’s private investment arm Kingdom Holding and Oxford […]
UAE-based shipyard, Gulf Craft, has announced that all the fly-bridge motor yachts it manufactures for the UAE market will be modified to meet Dubai Water Canal requirements. The company said in a statement that its fleet of Majesty yachts and Nomad yachts will all be built in accordance with the height restrictions of Dubai Water Canal, as specified by the regulator, the Dubai Roads and Transport Authority […]
It doesn’t get more exclusive than a private dinner at a chef’s table, especially when it’s Reif Othman’s. If you haven’t heard of the chef, he’s the mastermind behind Dubai’s buzzing restaurant and lounge Play, a venue he calls his “money-maker.” But it’s his latest concept “The Experience by Reif Othman” that will really get you excited. Offering guests the chance to try a distinctive 10-course menu […]
Pop superstar Elton John has postponed a concert in Dubai for the second time in two months, citing ill health. The singer-songwriter was originally due to play at Dubai’s Autism Rock Arena on December 15 but postponed to January 20 at the same venue. Now, the 69-year-old has been advised by doctors to schedule a medical procedure to treat his “condition” immediately, according to a statement. No […]
Elton John has postponed his Dubai concert for the second time, citing medical reasons. The singer will now perform on December 8th this year. The piano man, who was originally due to play at Dubai’s Autism Rock Arena on December 15, had moved his show to January 20, at the same venue, after his doctor diagnosed him with the flu. The illness is not of a seriously […]
JEDDAH/KANDAHAR: The killing of five diplomats from the UAE in a bombing in southern Afghanistan marks the deadliest attack ever for the young nation’s diplomatic corps, though it’s too soon to tell who was behind it or if the Gulf envoys were even the targets.The UAE said it would fly the nation’s flag at half-staff for three days in honor of the dead from the attack Tuesday […]
Dubai’s Jebel Ali Free Zone (Jafza) on Tuesday issued new regulations to allow foreign companies to transfer and continue operations in the free zone without the need to open a branch or establish a new company. The DP World-owned company said it merged all the legal entities such as the free zone establishment (FZE), free zone company (FZCO) and branches under one regulation and has introduced a […]
Dubai-based air services provider dnata has revealed that December 23 was its busiest day in 2016 with 18,529 staff handling 281,388 passengers and 329,341 bags in the UAE. The company, a subsidiary of Emirates, said it dealt with one aircraft movement every 73 seconds on that day and closed the year with 419,133 tonnes of cargo at Dubai International Airport, up eight percent from the previous year. […]
The UAE will spend AED600 billion ($163.3 billion) over the next three decades in developing the country’s energy market, with a plan for clean energy to power 50 percent of the sector by 2050. The first unified energy strategy for the UAE has been announced which aims to balance economic needs and environmental goals. In a series of tweets on the official Dubai Media Office feed, it […]
Terrifying, crazy and breathtaking could all be used to described the Dinner in the Sky experience. Taking flight in Dubai from January 10, a maximum of 22 diners at a time will be hoisted 50 metres in the air over Dubai Marina to enjoy one of the most unique dining initiatives in the world. The big dining table in the sky is not for the fainthearted, foodie […]
Entrepreneurs in the country are using some old-fashioned handiwork to help create products for mass production at a fraction of the today’s costs. Whether this will be a manufacturing revolution or evolution, 3D printing is here to stay. For a man working at the frontier of a technological revolution, there is a surprising amount of handicraft to Ahmad Mackieh’s approach to 3-D printing that shows in the […]
