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By Arabian Post Staff Chairman of Dubai based DAMAC Properties, Hussain Sajwani, through his private investment company, Vision Investments, has bought the Italian fashion group Roberto Cavalli SpA. The acquisition of the Florentine brand was completed on November 28th. The UAE-based investment company emerged as the top bidder amongst various entities that were vying for the globally recognized fashion brand. Roberto Cavalli was previously controlled by the […]

 In an event held at the UAE’s only ecological school, the Arbor School, the Finnish Expo 2020 Dubai pavilion and the real-life Finnish Santa Claus highlighted the importance of adopting and adapting a circular economy in order to combat the current climate crisis the world is facing and empowering our youth to be part of sustainable change. The Arbor School was selected to host Santa Claus due […]

By Arabian Post Staff A surge in arrivals over the summer months accelerated Dubai’s tourism momentum, as the city welcomed 12.08 million international overnight visitors in the first nine months of 2019, according to the latest visitation figures released by Dubai’s Department of Tourism and Commerce Marketing (Dubai Tourism). The strong 4.3 per cent increase in volume growth compared to the same period last year was supported […]

Mirabaud, the banking and finance group founded in Geneva in 1819, in partnership with SBK Holding, has officially opened its Abu Dhabi office operations. The newly opened subsidiary, Mirabaud (Abu Dhabi) Ltd, will offer domestic and international wealth management advisory, business development, succession planning support as well as other investment services to its clientele in Abu Dhabi and wider UAE focusing on local families, their networks, and […]

[ad_1] Author: Mon, 2019-10-21 16:02 DUBAI: Mariah Carey stepped out in a gorgeous gown by Dubai-based designer Furne One, founder of Amato Couture, as crowds gathered at Burj Park on Sunday night to mark the one-year countdown to Expo 2020. Carey sparkled in a full-length studded dress featuring intricate patterns and Swarovski crystals. She has been spotted in one of Amato Couture’s gowns before, at the Cannes Film […]

By Matein Khalid I first encountered Lebanon as a teenager after the fabled Choueifat College opened its first UAE campus in Sharjah, fleeing the civil war in the Chouf. My ignorance of the country I was to know and love as my own patrie was monumental. When a classmate told me he was a Darzi, I assumed his father was a tailor since Darzi means “tailor” in […]

Research and advisory firm Oxford Business Group (OBG) will launch The Report: Dubai 2020, its new analysis of the emirate’s economic development and investment opportunities, on Monday, December 9 at Nasdaq Dubai, The Exchange Building, DIFC. The event will include a roundtable, titled “Dubai Beyond Expo 2020”, at which leading representatives from the public and private sectors will share their views on how best to ensure the legacy of the world expo benefits the […]

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Starting a company in the UAE is straightforward for both locals and foreigners. The following simple steps will guide you on how to start your company without any issues:

By Arabian Post Staff Boeing and Emirates announced they have finalized a purchase agreement for 30 787-9 Dreamliner airplanes, valued at $8.8 billion according to list prices. The agreement, signed at the Dubai Airshow, culminates discussions between the two companies on the best 787 Dreamliner model to meet the requirements of one of the world’s leading airlines. Emirates had previously signed an initial agreement for the larger […]

By Arabian Post Staff Dubai Chamber of Commerce and Industry will play a pivotal role in creating new connections and collaborations as an official partner. As an official partner, Dubai Chamber will represent and support the interests of the UAE business community at Expo 2020, helping to connect them with international businesses, innovators, investors, and international chambers of commerce to create new avenues of long-term commercial success. […]

By Arabian Post Staff Emirates placed a firm order for 50 A350-900 XWB aircraft worth US$16 billion (Dh58.7 billion) at list prices at the Dubai Airshow 2019. Powered by Rolls-Royce Trent XWB engines, delivery of the first Emirates A350 XWB is expected in May 2023, and will continue until 2028. Sheikh Ahmed bin Saeed Al Maktoum, Emirates Chairman and Chief Executive, signed the deal with Guillaume Faury, […]

By Arabian Post Staff Air Arabia, the Middle East and North Africa’s first and largest low cost carrier, has signed a firm order for 120 Airbus aircraft comprising 73 A320neos, 27 A321neos and 20 A321XLRs. The agreement was signed at the 2019 Dubai Airshow in the presence of Air Arabia’s Chairman Sheikh Abdullah Bin Mohammed Al Thani, Adel Ali, Chief Executive Officer Air Arabia and Guillaume Faury, […]

By Arabian Post Staff The changing landscape of the US$360 trillion (Dh1,321 trillion) global wealth is now more than four times the global GDP of US$88 trillion. The wealth per adult reached a new record high of US$70,850, or 1.2% above the level of mid-2018 with Switzerland topping the biggest gains in wealth per adult this year, according to a latest report by Credit Suisse. Aggregate global […]

By Arabian Post Staff Emaar Properties  recorded robust increase in net profit by 20 per cent during the third quarter (July to September) of 2019 to AED 1.331 billion (US$ 362 million), compared to the net profit of AED 1.110 billion (US$ 302 million) during the same period in 2018. Revenue  also grew by 14 per cent to AED 6.075 billion (US$ 1.654 billion) during third quarter […]

By Saifur Rahman Dubai: Emirates Group, which includes Emirates Airline and its ground handling and ticketing arm Dnata, reported an 8 percent growth in profits to Dh1.2 billion (US$320 million), despite a 2 percent decline in group revenues to Dh53.3 billion (US$14.5 billion) for the first six months of 2019-2020 financial year, starting April 1, 2019, compared to Dh54.4 billion (US$14.8 billion), during the same period last year, due to unfavourable […]

Mohamed Said Guedi, a Somaliland-Djibouti dual national, has been running successful businesses in East Africa, the Middle East and Europe. He is an entrepreneur who grew several businesses from start-ups to millions in annual sales through effective business planning, quality of products, creative sales techniques and innovative marketing.

Continuing from the previous quarter, average sales prices and rents softened across most communities in Dubai in the third quarter of 2019, the latest Cavendish Maxwell UAE Property Market Report says. The average apartment prices declined by 16.5% over the 12-month period from Q3 2018 to Q3 2019 while the average villa/townhouse prices declined 15% during the period. Rental declines for apartments in Dubai averaged 15%, whilst […]

By Arabian Post Staff Dubai International Financial Centre (DIFC) has announced a 45 percent growth in the Islamic assets being managed in the Centre over the past one year. Islamic finance is growing at 1.5 times the rate of traditional finance, and the Middle East, Africa, South Asia region (MEASA )continues to be a steady driver of this industry, fuelled by a number of jumbo sukuk issuances […]

Many people are embracing cryotherapy as a holistic treatment for muscle recovery. This treatment was popularized by many athletes and celebrities who credited cryotherapy for more than just muscle recovery. Cryotherapy helps in muscle regeneration, rejuvenates your skin, and boosting your immune system. As cryotherapy continues to flourish throughout the world, Dubai has not been left behind. Many folks are reaping the benefits of visiting the cryotherapy […]

A 3d printer will enable you to print almost anything from the comfort of your home. 3D printing is transforming the way specialists design and create things. When 3d was first introduced, people thought that they would not need to visit the stores anymore. They believed that they could download pre-made designs and print them. Understanding the 3D Printer Before deciding to start your 3d printing adventure, […]

Most companies invest in training their employees to equip them with the relevant skill to perform specific jobs. Training enhances a workers’ performance and prepares him for future jobs and promotions. After training, employees can meet various challenges faced in the workplace. The leading companies in the UAE take their new entrants through relevant training to enable them to perform their jobs as expected. Employees who go […]

Whilst the forex market is renowned for its liquidity and volatility, it’s fair to say that some currencies offer a far greater degree of stability than others. Take the U.S. Dollar (USD), for example, which features as part of 84% of all currency trades and accounts for an estimated 38% of the world’s debt. The USD has also performed well of late, having strengthened to a 12-year […]

The downward price corrections witnessed in Q2 2019 in the Abu Dhabi real estate sector appear have to slowed in Q3, with average sales prices for apartments down 1% from the previous quarter and sales prices for villas showing no movement from Q2, according to an S&P report. This suggests the market could be close to bottoming out, however, this will depend on the amount of supply […]

By Arabian Post Staff DP World has announced a partnership with Zhejiang China Commodity City Group Company LTD (CCC) to develop the ‘Traders Market’ in Jebel Ali Freezone (JAFZA). DP World will hold a majority share in the 70/30 joint venture. The Traders Market project will span approximately 800,000 square metres, with Phase 1 development covering about 220,000 square metres. Phase 1 Capex is estimated at $150 […]

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