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Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // UK air traffic outage inflicted £33m financial losses // Millions Of Indians May Soon Be Deprived Of Government Assistance // Dubai details five-year visa benefits for returning visitors // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // TVM –Mangaluru Vande Bharat claims top spot // Excise chief shunted out in bar licence dispute // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // OpenAI introduces GPT-6 Cyber with restricted security access // OpenAI abandons secrecy agreements for future data centres // India Under Pressure To Join RCEP On The Eve Of ASEAN Summit In Manila On Nov 15-17 // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Technology shares plunge as Nasdaq enters correction // Elephant calf on death line airlifted for treatment in Gujarat // Kochi police detain two actors over bid to honey trap doctor // Trump’s Iran War Has A Share Of Contribution To His Midterm Debacle // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Democrats Gearing Up For 2028 Presidential Elections To Gain Full Power // Motorola introduces Signature 27 flagship priced at $1,599 //

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While World Expo 2020 will be associated with some of the massive multibillion dollar real estate and hospitality projects, Smart City is determined to design and implement cutting edge technology solutions to plan and manage the day to day activities of the Emirate. Hence, it is significant that massive growth and development initiative in Dubai should be backed with a philosophy of sustainability, which can ensure wellbeing […]

Omar Sharif is undoubtedly the biggest film star from the Arab world, an icon since he first emerged as a wobbling, pixelated speck on a desert horizon in Lawrence of Arabia. Unfortunately, to many he’s the only film star from the Arab world, something that Irish director Jim Sheridan has taken it upon himself to fix. “I used to be very friendly with Marlon Brando,” explains Sheridan […]

Dubai-owned port operator DP World is in talks with lenders to triple the size of an existing $1 billion loan, as well as extend the lifespan and cut the interest rate, seeking to take advantage of investors’ renewed confidence in the emirate. The firm, part of state-owned conglomerate Dubai World , is aiming to raise the loan to $3 billion, four banking sources said, speaking on condition […]

Qatar has resolved its dispute with Saudi Arabia, the United Arab Emirates and Bahrain, according to Foreign Minister Khalid bin Mohamed Al-Attiyah. The spat was nothing more than “differences in opinion,” Attiyah told reporters in Kuwait. The resolution came at an April 17 meeting in Riyadh, Saudi Arabia’s capital, and the results aren’t “considered concessions by anyone,” he said. It’s up to Qatar’s fellow Gulf Arab countries […]

Dubai’s government hopes its first 15-year sukuk issue – an unusually long tenor for an Islamic bond – will pave the way for long-term debt sales by its state companies, the Department of Finance said on Wednesday. Dubai drew $2.3 billion of investor demand for the $750 million issue on Tuesday, pricing it at 5.0 percent, the tight end of initial guidance. Demand was lower than in […]

Dubai Financial Market, the Gulf Arab region’s only listed bourse, said on Wednesday that first-quarter net profit surged eightfold, outstripping analysts’ expectations as trading volumes ballooned. The exchange made 215.1 million dirhams ($58.6 million) in the opening three months of 2014, compared with 27 million dirhams in the corresponding period of last year, it said in a statement. Analysts at HSBC and Global Research had expected a […]

Dubai Holding Commercial Operations Group (DHCOG), part of a conglomerate owned by the emirate’s ruler, will repay $319 million of debt more than 18 months early, the latest state-linked company to settle restructured loans ahead of time. Sovereign-linked entities in Dubai were forced to renegotiate billions of dollars of liabilities at the turn of the decade after a local property crash and a lack of refinancing options […]

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Emaar Properties, Dubai’s largest listed real estate developer, predicted on Wednesday that its profits would more than quadruple by 2018 as the emirate’s economy booms and the company’s overseas business expands. The company, about 29 percent owned by the Dubai government, is seen by many investors as a proxy for the emirate’s economy, which relies heavily on real estate development, tourism and the retail industry – sectors […]

Arabtec Holding Co, the United Arab Emirates’s biggest listed construction company, is in talks to buy a large European company and may tap the bond market to pay for the deal, Chief Executive Officer Hasan Ismaik said. Arabtec may announce a transaction in the second half, the CEO said in an interview at the Cityscape Abu Dhabi conference today. The contractor is trying to purchase companies with […]

Oman’s plan to build a $1 billion natural-gas pipeline from Iran is the latest sign that Saudi Arabia is failing to bind its smaller Gulf neighbors into a tighter bloc united in hostility to the Islamic Republic. The accord was signed during Iranian President Hassan Rouhani’s visit to Oman last month, and marks the first such deal between Iran and a Gulf Cooperation Council state in more […]

Emaar Properties, Dubai’s biggest publicly traded developer, reported first-quarter profit that beat estimates after real estate sales in its home market almost doubled by value. Net income climbed 55 percent to 863 million dirhams ($235 million), the company said in a statement today. The average of four analysts was 739 million dirhams, according to data compiled by Bloomberg. Emaar countered a slump in Dubai’s property market by […]

|By TAP Staff|The much-awaited Dubai benchmark government sukuk is expected soon. The issue, which will have a life span of 15 years, is initially expected to be priced between 5 and 5.125 basis points and total at least $500 million, according to lead managers. The banks arranging the transaction are Dubai Islamic Bank , Emirates NBD, HSBC, National Bank of Abu Dhabi and Standard Chartered. Dubai was […]

Indians have topped the list of foreign investors in real estate in Dubai, pumping in $1.6 billion during the first quarter of 2014, according to a government agency. According to Dubai Land Department (DLD), 111 nationalities secured property deals in the first quarter of 2014. Indians were at the top spot for international investment, both in terms of the number of investors (2,414) and the amount of […]

| By K Raveendran| There has been a considerable media buzz over the recent Saudi announcement that work to build the a kilometre tall Kingdom Tower in Jeddah is set to start within a few days. The regional media, in particular, is celebrating the prospect of the new tower deposing Dubai’s iconic Burj Khalifa, currently the world’s tallest skyscraper. According to the project consultants, the Saudi tower […]

Qatar reduced the number of stadiums it plans to build for the 2022 soccer World Cup by a third amid rising costs and delays. The country, which won the right in 2010 to host the world’s most-watched sporting event, plans to build eight stadiums for the games, Ghanim Al Kuwari, the organizing committee’s senior manager for projects, said at a conference in Doha yesterday. The country originally […]

Hedge funds lowered bullish bets on gold for a fourth week, the longest streak this year. The net-long position contracted to the lowest since mid-February as speculators sold bullion on signs of accelerating U.S. economic growth. The investors more than doubled bets on lower prices in the past month while reducing wagers on a rally in six of the past seven weeks. Prices fell 7.6 percent since […]

|By TAP Staff| With mixed availability of commercial space across the Abu Dhabi market, potential occupiers remain focussed on prime Grade A stock, which is sustaining rents at the top end of the market, according to the latest research by real estate consultancy Cluttons. Cluttons Abu Dhabi Spring 2014 Commercial Market Outlook report, asserts that with flat rents persisting, occupiers remain in the driving seat and are […]

Qatar is paying the price for its six-week spat with neighbors in the Gulf Cooperation Council as the nation’s borrowing costs and credit risk increase. The yield on the country’s dollar bond due January 2020 climbed nine basis points since March 4, the day before the United Arab Emirates, Saudi Arabia and Bahrain pulled their ambassadors after Qatar denounced the crackdown on the Muslim Brotherhood in Egypt. […]

|By TAP Staff| The Dubai World Trade Centre on Saturday announced that 2.2 million trade delegates and attendees visited exhibitions centre last year – marking the first time the figure has crossed the 2 million milestone. Dubai World Trade Centre hosted 373 meetings, incentives, conferencing, and exhibitions (MICE )and business events throughout 2013, up from 302 in the previous year. Exhibitors from more than 130 nations attended. […]

The masterplan for the $1.6bn Bluewaters Island project off the coast of Dubai’s Jumeirah Beach Residences is to undergo a redesign. The island, which is being developed by government-owned developer Meraas, is currently split into three zones. One contains the Dubai Eye – the world’s tallest, 210m-high Ferris Wheel – and is surrounded by other retail and leisure units. A second zone, facing out onto the Arabian […]

Dubai — long champion of all things biggest, longest and most expensive — will soon have some competition from neighboring Saudi Arabia. Dubai’s iconic Burj Khalifa — the world’s tallest building — could be stripped of its Guinness title if Saudi Arabia succeeds in its plans to construct the even larger Kingdom Tower in Jeddah — a prospect looking more likely as work begins next week, according […]

Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter the profession. Success in a male-dominated environment helped give her the confidence to rise up the career ladder and break more barriers. She is now chief executive […]

JPMorgan Chase & Co. is gaining ground in the debt markets of Gulf Cooperation Council states after the biggest U.S. bank helped manage this month’s Islamic bond sale by Saudi Arabia’s utility. JPMorgan is the biggest bond underwriter after HSBC Holdings  in the six-nation GCC in 2014, its best start to a year since 2007, according to data compiled by Bloomberg. The New York-based lender advised on […]

Last month, Dubai’s inflation rate has jumped to its highest since 2009 driven by inflated property and food prices. According to the latest data, the cost of living in March increased 3 percent on the year before. This is an official data and it is very much likely the actual numbers to be much higher. According to figures from the Dubai Statistics Center, housing and utility costs […]

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Just in:
Dubai details five-year visa benefits for returning visitors // Private varsities bill all set to face the axe // CM disputes Vijayan’s claims // Emaar approves Development buyout ahead of planned delisting // Ningbo Consensus on Collaborative Development released at 2026 Global Mayors Dialogue · Ningbo // Kochi police detain two actors over bid to honey trap doctor // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction for Gasoline-Powered Vehicles // Battle Uttar Pradesh Will Be Tougher For Yogi Than Expected // Xi Jinping Preparing For A Trilateral Summit With Trump And Putin At APEC Summit On Nov 18-19 // OpenAI abandons secrecy agreements for future data centres // e-Crime Bureau Signs Cybersecurity Partnership With Smart Africa, Reinforcing Its Global Expansion // Microfinance case trouble for Vellappally // Motorola introduces Signature 27 flagship priced at $1,599 // The “1st Greater Bay Area Health and Longevity Summit & Awards Ceremony” concludes successfully in Macao // Ousted top Kochi cop gets IG post // CR Longdation Aethereal Cybersecurity × Global Cybersecurity Alliance (GCSA) Join Hands to Establish the “AI and Cybersecurity Research Centre” // Oil advances towards $100 as tanker attacks persist // Elephant calf on death line airlifted for treatment in Gujarat // Beyond the exhibition floor: How robots, AI and networks are moving into the real world // Geely’s i-HEV Intelligent Hybrid Technology Offers a New Direction Vision for Gasoline-Powered Vehicles //