Business Blog

DHCOG’s yearly profits to exceed AED4bn

Dubai Holding said on Sunday that its real estate and hospitality unit’s performance will continue to improve in the second half and added that it expects its annual net profits to exceed AED4 billion.

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First UAE bank begins use of Emirates ID as ATM card

Al Hilal Bank has launched a service that allows its customers use of their Emirates ID cards to withdraw cash and for money transfers across all bank ATMs, according to 'Al Bayan'.

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Etihad Rail signs deal with GIBCA Crusher

Etihad Rail -- the developer and operator of the UAE's national railway network -- has signed a memorandum of understanding (MoU) with GIBCA Crushing and Quarry Operations Ltd. (GIBCA Crusher).

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Dubai top holiday destination for Saudis

Dubai tops the list of favorite holiday destinations for Saudis to spend short vacations like Eid holidays with Turkey, Malaysia and some European countries coming a close second.

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Despite Ebola, 70,000 Nigerian Hajis coming

Saudi Arabia has no plan to ban some 70,000 Nigerian pilgrims from performing Haj this year because of Ebola virus cases that have surfaced in the West African country, a senior Saudi health official said.

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Some Dubai tenants get eviction notices a month after renting

After moving into her newly rented apartment in Dubai Marina last month, Jennifer (who asked to use her first name only) has been served with a notice from her landlord, issued by the public notary, stating that he wishes to sell his apartment.

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