Saudi Aramco’s initial public offering (IPO) could encourage other Gulf countries to list their oil assets, a leading regional economist said, but the oil giant must clear uncertainties over taxation, OPEC policy and ownership of crude. Nasser Saidi, a former economy minister of Lebanon, told Dubai Eye Radio in an interview that Aramco has to address how the company will separate its assets and liabilities from those […]
The chairman of Dubai Holding, the investment vehicle of the emirate’s ruler and a major force in developing the Dubai economy, has resigned to focus on his role in the national government, the conglomerate said on Saturday. As head of Dubai Holding, Mohammed Abdullah al-Gergawi oversaw a $35 billion portfolio of assets in more than 20 countries, in industries ranging from tourism and real estate to media, […]
Your daily guide to community and cultural activities across the Emirates for February 26, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. Want to see your event listed here? Email us with the details and contact information at [email protected] newslide Abu Dhabi Fitness event The […]
Concourse D at Dubai International Airport has served more than 16.6 million passengers during its first year of operations. Concourse D, which represents the final major piece of infrastructure to be built at the airport as part of the $7.8 billion 2020 programme, marks its first anniversary on February 24. The $1.2 billion facility became the home of 60 international airlines that operate into Terminal 1 and […]
Yemen The funeral of Emirati serviceman Khalid Ali Gharib Al Beloushi, who was killed while on duty with the Saudi-led Arab coalition’s Operation Restoring Hope in Yemen, will take place Saturday after Al Duhur prayers at the Al Warqa Grand Mosque in Dubai. The General Command of the UAE Armed Forces announced the death of the serviceman on Friday, and offered its condolences to the family of […]
Rang Mahal by Atul Kochhar, in the JW Marriott Marquis hotel, is offering a three-course set menu with regional flavours from across the country during Dubai Restaurant Week. We start with an amuse-bouche — chilled quinoa with orange pulp and bits of coriander. The pre-starter of a fried potato patty with yogurt, tamarind sauce, pomegranate and fried potatoes to garnish is delicious. It’s spicy, sweet, crunchy and […]
The five largest banks in the UAE are forecast to see profitability remaining “solid” over the next 12-18 months, according to ratings agency Moody’s. In the fourth quarter of 2016, Emirates NBD, National Bank of Abu Dhabi, Abu Dhabi Commercial Bank, First Gulf Bank and Dubai Islamic Bank posted solid profitability, said Moody’s Investors Service in a report. “We expect the five large United Arab Emirates banks’ […]
Hyderabad: The Panama Papers are back here to haunt city industrialists. Following directions issued by the Centre, the Enforcement Directorate has begun a probe into 11 companies named in the Panama Papers, the global media investigation into alleged tax evasions which has brought 415 Indians under the scanner of investigating agencies. Sources said that the probe was initiated under the Foreign Exchange Management Act. A top ED […]
23 February 2017 Kempinski Summerland Hotel & Resort is pleased to announce the appointment of Daniele Vastolo to head the hotel’s current and future ventures. As the hotelier’s new scope of work increases, Vastolo will be responsible for supervising the entity’s minor and major projects, ensuring a quality of work that reflects the Kempinski’s premium standards. Vastolo joins Kempinski from his most recent role as Group Director […]
DUBAI // “It’s New Year’s Eve all over again … but the real way we should have celebrated,” declared Mariah Carey, launching into Emotions at Dubai Jazz Festival — and tackling the elephant in the room head-on. Thursday’s concert was Carey’s first public gig since that over-reported, televised “meltdown” on Dick Clark’s New Year’s Rockin’ Eve, in which she embarrassingly struggled through the same song, and was […]
Emirates has accused the UK’s Civil Aviation Authority (CAA) of acting unprofessionally over claims it breached laws by not paying compensation to passengers who experience a delay. The Dubai-based airline denied breaking any law with regard to payment of passenger compensation for delayed flights, after the CAA launched enforcement action against it and four other international carriers. The CAA said the airlines – Emirates, Etihad Airways, American […]
Eat the World DXB is in full swing this weekend, with 25 international street-food traders from the United Kingdom, the United States and Singapore serving up street food with vendors from the UAE (each street food trader is cleverly marked by its country’s flag). Held in Burj Park with a close-up view of the Burj Khalifa, the festival has plenty of food on offer, a host of […]
Elderly drivers could be submitted for regular medical testing under new proposals put forward by Dubai’s transport authority to improve safety on the emirate’s roads. The Roads and Transport Authority (RTA) said it has made a number of suggestions to the Ministry of Interior covering driving on the highways of Dubai. One of them would see drivers aged over 60 put through mandatory fitness tests every three […]
Dubai’s Department of Economic Development (DED) received 27,027 consumer complaints in 2016, an increase of 23 percent compared to the previous year. On average, the DED received 2,252 complaints monthly as continued awareness campaigns led to better understanding of consumer rights and responsibilities across the emirate, state news agency WAM reported. The complaints received in 2016 involved non-compliance with warranty terms (39 percent of complaints), refunds (17 […]
Your daily guide to community and cultural activities across the Emirates for February 25, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. Ellen Fortini rounds up 10 things to do today in the UAE. newslide Abu Dhabi Concert Emirati pianist Eman Al Hashimi (pictured), French pianists Angelina Natal and Natalia Stetsenko, and French violinist Clara Saïtkoulov will […]
Business A self-flying drone taxi will begin transporting passengers around Dubai this summer. The head of Dubai’s Road and Transport Authority said that self-flying taxis would start taking people across the city this July, 2017. The drone will be a customised Ehang 184. The Ehang is a drone that can fly without any human input, and carry a single passenger (weighing up to 100kg) and a bag. […]
Anwar Ahmad ABU DHABI // More than 7,000 people descended on Al Ghazal Golf Club in Abu Dhabi to take part in the gruelling Spartan challenge or support friends and family in what is one of the toughest desert races of the year. An estimated 3,000 competitors took on the course. Adult and children’s challenges included rope climbing, burpees, spear throwing, atlas carrying, a barbed wire crawl […]
Mayta by Jaime Pesaque, the trendy Peruvian restaurant tucked inside DIFC, is putting its best food forward during Dubai Restaurant Week. The three-course menu includes salmon ceviche, a choice of mariscos or lomo saltado, and tres leches for dessert. The thin slices of salmon in the ceviche are combined with ginger, soy sauce, crispy wontons, black and white sesame seeds, scallions and peanuts, which add a textural […]
DUBAI: A group of men arrested for taking part in dangerous car stunts in Dubai has been ordered to clean the streets for a month. Sheikh Mohammed bin Rashid, the ruler of Dubai, issued the order after a video emerged of a motorist driving in circles at high speed in wet weather. The driver and his passengers have been ordered to clean the streets for four hours […]
Al Nafoorah in Dubai’s Jumeirah Zabeel Saray offers an ambience that is at once cosy and friendly, with the staff coming by often for a laugh and a chat. While most menus during Dubai Restaurant Week offer a set three-course meal, you’ll get additional hot and cold mezze at Al Nafoorah. I zeroed in on the hummus and zaatar kuboos, while my dining partner chose the healthier […]
Since its launch in 2010, Pinterest has established itself as one of the most popular image and idea curation sites, with an incredible 100 million monthly active users. There are plenty of other social-media sites, but for design lovers, Pinterest is still the ultimate source of inspiration, with everything from room makeovers to colour palettes, creative projects and insider tips. Here’s a rundown of some of our […]
Senator Leila de Lima insisted she was innocent of the drug trafficking charges that could see her jailed for life. The highest-profile critic of Philippine President Rodrigo Duterte’s brutal drug war was arrested on Friday on charges supporters said were meant to silence her, but she vowed to keep campaigning against killings and “repression”. In comments to journalists moments before police detained her following an […]
If you’ve been to Social by Heinz Beck at Waldorf Astoria Palm Jumeirah, then you’ll understand the value of the offer during Dubai Restaurant Week of a three-course meal here for Dh199. Beck, who’s at the helm of La Pergola — the only three Michelin-starred restaurant in Rome — has put his name and his signature dishes on Social’s menu in Dubai and it’s well worth a […]
We may be about to witness the extinction of a very rare bird indeed: the $1m Monaco home. Savills agent Irene Luke hasn’t seen one on her books for several years. “We’re selling a parking space for €190,000,” she says, “so you’re not going to get very much for a million dollars.” Luke taps at a computer, trawling through all sorts of listings the public doesn’t have […]
