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Investors of $27 Billion Granted Permanent Residency in UAE

(Bloomberg) -- The United Arab Emirates said it had launched a “Golden Card” permanent residency program, granting 6,800 permits to foreigners who together had...
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Dubai Free Zone to Refund $354 Million in Fees to Spur...

(Bloomberg) -- Dubai’s main port and biggest free zone authority plans to return 1.3 billion dirhams ($354 million) in cash and bank guarantees to...
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Damac Sees Profit Sink 94%

(Bloomberg) -- Profit at Dubai-based Damac Properties plummeted in the first quarter as the company grapples with a slowdown in demand for real estate in...
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Dubai Islamic hires HSBC for Noor Acquisition

(Bloomberg) -- Dubai Islamic Bank PJSC hired HSBC Holdings Plc to advise on its possible acquisition of smaller rival Noor Bank PJSC, according to...
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Four Cargo Ships Sabotaged Near UAE

(Bloomberg) -- Four commercial cargo vessels were subjected to sabotage attempts early on Sunday near the coast of the United Arab Emirates, an area...
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2GIS Introduces Updated App

2GIS introduced an updated release of its application which will now cover the entire UAE. Residents and tourists can now avail and enjoy all...
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UAE to Lift Travel Ban on Lebanon

(Bloomberg) -- The United Arab Emirates will lift a years-long travel ban on Lebanon, a move that could revive the embattled country’s vital tourism...
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UAE Investment Banks Arqaam and TNI Are Said to Weigh Merger

(Bloomberg) -- Dubai-based Arqaam Capital Ltd. and Abu Dhabi’s The National Investor are weighing a possible merger, according to people with knowledge of the...
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Microsoft’s Agenda at the ‘AI Everything’ Summit 2019 in UAE

Microsoft today participated as a gold sponsor of the AI Everything summit, a gathering of the world’s top minds in artificial intelligence at a...
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Gulf Bank Mergers: Who’s Talking to Whom?

(Bloomberg) -- If you’re struggling to keep up with the pace of bank consolidation in the Gulf, here’s an overview of which lenders are in...
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