Category Archives: Arabianbusiness

UAE joins in condemnation of US over Jerusalem decision

The UAE has expressed its deep regret and condemnation of the US administration’s decision to recognise Jerusalem as the capital of Israel. In a statement to news agency WAM, the Ministry of Foreign Affairs and International Cooperation said that such ...

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Swan Lake announced for Dubai Opera

One of the world’s most popular ballets, Swan Lake, will come to Dubai Opera next year. One of the most beloved ballets of all time, Swan Lake – performed by Houston Ballet – will come to Dubai from 24th – ...

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UAE 'surprised' at inclusion in EU tax-haven blacklist

The UAE government said it’s “surprised and disappointed” to be included on a European Union list of non-compliant tax jurisdictions, according to Undersecretary of Finance Yousef Haji Al-Khouri. On Tuesday, the EU adopted a blacklist of 17 non-EU tax havens, ...

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MidEast airline demand rebounds from near-9 year low

Middle East carriers experienced a 6.9 percent rise in demand in October, improved from 3.9 percent in September, which was the slowest rate of increase since February 2009. The International Air Transport Association (IATA) said capacity increased 5.3 percent, and ...

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Outlook for GCC banks stable, says Moody's report

The outlook for GCC banks remains stable, reflecting strong financial fundamentals in the region’s largest banking systems that provide resilience to profitability and loan quality challenged posed by slower economies, according to a new report from Moody’s Investors Services. In ...

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Damac offers 5% discount on new Dubai villas

Damac Properties on Monday announced plans to launch sales of Sahara Villas within its international golf community Akoya Oxygen. Sahara Villas will go on sale on Saturday across Damac’s sales offices with prices for units starting at AED999,999, with a ...

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Most GCC economies set to transition to 'new normal' in 2018

Several economies in the Middle East, particularly those in the GCC, are transitioning towards a “new normal” in 2018, allowing spending to start recovering gradually, according to a new report. The Institute of Chartered Accountants in England and Wales (ICAEW)’s ...

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