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Currency News

Tax-free no more: Saudi Arabia, UAE to roll out VAT in 2018

27 Dec 2017 00:21Seattle Times
Stores, gyms and other retailers are trying to make the most of the remaining tax-free days in Saudi Arabia and the UAE, encouraging buyers to stock up before the VAT is rolled out on Jan. 1, 2018. more

UAE property developer launches $6.5 bln Sharjah project

11 Sep 2017 07:56Reuters
DUBAI, Sept 11 (Reuters) - A United Arab Emirates real estate developer has launched a 24 billion dirham ($6.5 billion) project in the emirate of Sharjah, in a sign of demand for high-end housing spreading to the north of the country from the south. more

Will Dubai's commercial market recover ahead of Expo 2020?

10 Sep 2017 18:48The Investor JLL
Average rental rates in the CBD registered a marginal increase of 1.3 percent year-on-year to AED (United Arab Emirates Dirham) 1,947 (US$530) per square meters in the second quarter. The office market posted moderate growth even as the gross leasable ... more

UPDATE 1-UAE's Aldar Properties Q2 net profit falls 5.6 pct on lower revenues

03 Aug 2017 00:03Reuters
The results come against a backdrop of a slowing economy and property market in the oil-rich capital of the United Arab Emirates. Aldar made a net profit attributable to owners of 620 million dirhams ($169 million) in the three months to June 30 ... more

Prestariang, Power Root, mTouche Technology, Bina Darulaman, IGB REIT, Glomac ...

02 Aug 2017 09:37The Edge Markets MY
Power Root Bhd is spending 7.9 million United Arab Emirates (UAE) dirham (RM9.2 million) to raise its stake in its profitable UAE subsidiary. more

FIVE Holding drops Viceroy brand from all UAE projects

21 Jun 2017 01:22Zawya
Thomson Reuters Projects reported this month that FIVE Holdings launched a 2.1 billion UAE dirham real estate investment trust (REIT) and is also working on designs for projects worth a total of three billion dirhams. more

44 years since the dirham became the UAE's currency of choice

18 May 2017 13:03The National
When a young desert nation announced its own currency it sent a message to the world that it was confident of its people, economy and future - now those first Emirati banknotes are collectors' items. Printed in an array of colours, the first UAE ... more

flydubai to increase flights to Russia after UAE visa changes

24 Apr 2017 11:52Times of India
Al-Ghaith said demand on Russian routes was increasing following recent visa changes by the United Arab Emirates for Russian citizens. more
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