News
Dubai’s real estate market is “well on the way to a strong recovery” and now is a good time to invest, according to the boss of Majid Al Futtaim – Properties. Robert Welanetz, CEO of the UAE-based developer of shopping malls, hotels and mixed-use living communities across the MENA region, said in a statement that…
There’s just over a week to go until Dubai’s opera house opens its doors to an excited public. And for those who can’t wait any longer for a glimpse inside, help is at hand courtesy of Dr Anwar Gargash, the Minister of State for Foreign Affairs. He posted this short video on his Instagram account,…
Here’s what you need to know in UAE business and globally on this Monday morning. • End of the oil bull market Oil fell after the longest run of gains in four years as Iraq seeks to increase exports amid a global overhang of crude inventories and as Nigerian militants call an end to hostilities….
State-owned property developer Nakheel, which was at the centre of Dubai’s debt crisis in 2009, has finished recovering from a $16 billion debt restructuring by repaying an Islamic bond this month, its chairman said on Monday. Ali Rashid Lootah told a small group of reporters that Nakheel had transferred funds for repayment of a 4.4…
Owning a home is a keystone of wealth… both financial affluence and emotional security.