Latest in Tag: dubai Highlight
Latest in Tag: dubai

Pharos Holding seeks turning into regional investment bank in Dubai
The activation of micro-finance licences will be in Q1 2018

Communications Minister uses GITEX 2017 to showcase investment opportunities in Egyptian market
26 Egyptian companies participate in the fair with support 26 Egyptian companies participate in the fair with support from ITIDA

Al-Sisi in Dubai for bilateral talks with Bin RashedÂ
Relations between Cairo and the UAE have become stronger since Al-Sisi came to power in 2014

Egyptian company to supply garments to Lebanon, Africa, Dubai worth $3m: Kabil
Contract gives all manufacturing of Lebanese company’s designs to the Egyptian company

First Egypt Property Show to kick off in Dubai
Real estate market recorded a 30% increase in investments in 2015 alone

Ministry of Investment working to attract more investors: Nasr
Solving investors’ problems as they appear, private sector to play bigger part in investment

Gulfood celebrates 30-year anniversary with new categorisation
The exhibition launched on Sunday in Dubai and is set to last for five days

Tourism industry prepares 5 investment opportunities for upcoming ATM exhibition in Dubai
Tourism Minister Yehia Rashed called on the Tourism Activation Authority to be prepared to take part in the Arabian Travel Market (ATM) exhibition in Dubai. The minster and ministry officials are to take part in the exhibition, according to an official at the ministry. The source said that the ministry will display and offer investment …

Premiere to serve as financial advisor for establishment of iron, steel plant in Dubai with investments of $400m
The plant’s output will reach 500,000 tonnes per year

Egyptians are top Arab investors in Dubai property market after GCC nationals
Total real estate transactions in Dubai for 2016 registered at AED 259bnÂ

Sideways trend dominates Gulf markets in past week’s trading
The Arab Gulf stock markets experienced a sideways trend over the past week affected by the high price of Brent Crude, which rose from $42.14 up to $46.97 per barrel since the beginning of August. Qatar led the region-wide rise to finish 2.57% higher during the past week’s trading. It increased from 10,681.08 points to …

In Video: What we know so far about the Emirati aeroplane

Emirates plane catches fire upon landing at Dubai airport
An Emirates plane has been “involved in an accident upon landing” at Dubai’s main airport, officials reported. The Dubai media office has confirmed that all 300 passengers and crew have been safely evacuated

Kuwait tops Gulf stock markets amid varying performance
Performance of Gulf stock markets varied over the past week. The Kuwait Stock Exchange (KSE) rose by 1.29%, recording an average daily trade volume of KD 7.236m. The Qatar Stock Exchange (QSE) followed in second, having closed at 10,652.3 points and an average trade volume of QR 181.6m per day. The Muscat Securities Market (MSM) …

Profits take over Gulf markets during last week’s trading
Qatar’s stock exchange topped the Gulf markets last week with an increase of 4.66%, reaching a level of 10,428.67 points, recording an average daily trading value of 144.914m riyals. Dubai capital market came second with an increase of 3%, reaching the level of 3,471.9 points, recording an average daily trading value of 496.84m dirhams. Saudi …

Fire rips through 75-story Dubai tower
A residential skyscraper has caught fire in Dubai, prompting the authorities to evacuate the apartment block and cordon off the area. The flames spread to at least 30 levels of the 75-story building.

Gulf markets see all-round increases in past week’s trading
Saudi Arabia ranked third with an increase of 2.5% to 6661.65 points, and achieved an average daily trading value of SR 4.23bn.

Gulf markets plunge collectively last week
The Saudi market fell slightly by 0.37% and closed at 6,543 points, recording an average daily trading value of 3.195bn Riyals

EFG-Hermes starts promoting Cleopatra Hospital’s IPO in four international markets
The four markets include the Gulf with Dubai at the forefront, London, the US, and South Africa

Banque Misr inaugurates regional headquarters and new branch in Dubai, UAE
Chairman of Banque Misr Mohamed El Atriby inaugurated the Dubai branch and the new regional headquarters for Banque Misr’s branches in the United Arab Emirates (UAE)

ETF prepares to participate in tourism investment forum in Dubai
Arab inbound tourism to Egypt must not fall to less than 3 million visitors a year, says ETF chairman

Value of projects in Dubai total $390.8bn
Ongoing projects valued at $53.6bn while value of planned projects is $337.2bn

Gulf markets decline once more
Qatar dropped by 2.04%

Dubai police officer may face prison sentence after photographing Messi’s passport
Messi visited Dubai last month to attend the Dubai International Sports Conference

Travco will launch charter flights to Egyptian cities in March
Travco’s Dubai organised charter flights to Sharm El-Sheikh last week

Celebrating ten years of exceptional rule
The day 4 January 2016 marks the tenth anniversary of HH Sheikh Mohammed bin Rashid’s accession to Ruler of Dubai. It is a day for celebration and giving thanks. This is an opportunity for Emiratis to express their appreciation for an exceptional ruler, who has not only fulfilled his roles as Vice-President and Prime Minister …

Dubai hotel fire: ‘There will be fatalities unless building safety is improved’
The New Year’s blaze at a luxury hotel has led to calls for skyscrapers to be modified, amid concerns that Dubai landmarks are built with flammable cladding. It was the city’s third major high-rise fire in three years.

Egyptian GITEX participants expected to sign EGP 30m deal: ITIDA
A survey revealed that 100% of attendance was motivated by preparing for future deals, and about 96% wished to form partnerships and sign contracts.

McIlroy champion of European golf tour in Dubai
With this victory, McIlroy tops the list of awards the European tour for the third time in four years, marking the 12th title for 26-year-old McIlroy.

Careem acquires funding worth $60m
Abraaj Group is a lead investor in the new deal for the application-based car service provider