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Dubai latest

A 'paperless' Dubai is the city's latest move into its next phase in sustainable development. (Pexels)

April 16th, 2017 - 11:17 GMT

Not one single paper will be used in Dubai 4 years from now

Dubai will stop issuing paper transactions from 2021.

Dubai is considered one of the fastest growing property markets globally for 2013 (Courtesy of Wikimedia)

December 30th, 2013 - 09:57 GMT

A post-bubble Dubai? Maybe....

Sotheby’s global sales value estimated at $40 billion with 17 per cent from the GCC region. (Image credit: PR Web)

December 16th, 2013 - 07:00 GMT

Catering to the new realities of the Expo 2020: Sotheby's International Realty opens up in Dubai

The PISA 2012 results showed 85 per cent of Dubai’s students reported that they are happy at their schools, above the global average of 80 per cent

December 10th, 2013 - 03:55 GMT

'Happy students'- not an oxymoron in the UAE and Jordan

Damac Properties was established in 2002, as a private, residential, leisure and commercial developer in Dubai. (Image credit: Shutterstock)

December 4th, 2013 - 12:23 GMT

DAMAC misses goal set at London share sale

Dubai’s price increases so far have been built on solid fundamentals such as trade and tourism. (Image credit: Shutterstock)

November 20th, 2013 - 06:24 GMT

The average home in Dubai costs $1.4 million USD

The deals mark another statement of intent to pay down debts, the FT report said, adding that the IMF estimates that Dubai has $85 billion of debt that will mature by 2017.

November 20th, 2013 - 03:55 GMT

Shocking! Atlantis Hotel to be sold for debt repayment

Growth in Saudi Arabia’s public sector has been quite strong with loans increasing by 20.5 per cent year-to-date.

October 10th, 2013 - 12:36 GMT

Are MENA stock markets hitting the right notes?

t remains to be seen how sustainable such flows are, as the regulatory environment in centres such as Dubai continues to develop and EU and US tax authorities increase pressure on regional institutions.

October 6th, 2013 - 12:15 GMT

Private Banking in the Middle East: a Review

The debt comprises $10 billion from the UAE Central Bank, which is due to mature in February 2014 and $5 billion each from two state-owned banks in Abu Dhabi — National Bank of Abu Dhabi and Al Hilal Bank — maturing in November 2014.

September 25th, 2013 - 09:44 GMT

Dubai can take care of itself and won't be seeking more 'favors' from Abu Dhabi

Tatham said the Arab Spring and tougher European tax regimes had led to an increase in property investment by expatriates.

September 10th, 2013 - 01:11 GMT

Dubai property prices highest in the world

US Secretary of State John Kerry said that there is “only a political solution to Syria’s war, not a military one”.

September 9th, 2013 - 01:16 GMT

Jittery GCC markets soothed by Kerry's words

Today, property developers and banks that are recovering from the 2008 downturn are rallying after a string of debt restructuring.

September 8th, 2013 - 08:41 GMT

Did the Middle East learn its lesson from the collapse of Lehman Brothers?