New Delhi: Enforcement Directorate (ED) has taken a big action on Rajiv Saxena, middleman of VVIP Augusta Westland scam case. The ED has attached assets worth more than 300 crores, including five Swiss bank accounts, in cases related to money laundering of Rajiv Saxena. The ED has stated that the value of the attached property[…]

A UAE-based property developer Azizi Developments has started offering walk-in virtual tours for its property units. The new and interactive virtual property walk-through platform, in line with UAE’s efforts to build a post COVID-19 economy based on digital means, enables investors and end-users to view its properties from the comfort and safety of their own[…]

The UAE equity markets traded for only two days this week due to Eid Al Fitr holidays. The UAE stock markets fell on Thursday, losing some of the gains notched up the previous day. Dubai Financial Market lost 1.15 per cent to close at 1,961.5 points with 25 scrips losing, four gaining and[…]

Dubai is staring at an economic collapse. One of the world’s most popular tourist destinations is feeling the heat like never before.  No tourists, no oil money, the pandemic has left Dubai scrambling for money. If nothing is done most of Dubai’s businesses will shut down over the next six months. Dubai, a city of skyscrapers[…]

The Myriad Dubai in the heart of Dubai International Academic City (DIAC) is set to welcome students in September. The 68,000m2 community features 1,720 fully furnished rooms, which can accommodate up to 2,200 students. It also features a designated study lounge area; indoor and outdoor gym; swimming pools, jogging tracks; restaurants; gaming rooms; and an[…]

Dubai in particular saw a wave of ‘hotel apartment’ launches between 2012-25 as developers tried to pull in demand for bigger units, especially from Gulf investors. Image Credit: Gulf News Archive Dubai: Property owners in the UAE must not let developers change the classification of their near-complete projects just because they have been told it’s[…]

Thousands of bottles of alcohol were unearthed in a hole in the Dubai desert over Eid Image Credit: Dubai Police Dubai: Seven bootleggers were arrested in Dubai for selling alcohol illegally over Eid Al Fitr, police have confirmed. A total of 1,483 bottles, some of which were found buried in a hole in the desert[…]

While Asia-focused investors feared another mass protest unravelling in Hong Kong, global markets largely shrugged it off and focused instead on the gradual reopening of economies post-lockdowns. As more economies proceeded to gradually reopen after pandemic-induced slowdowns, a minor rally was seen in most markets worldwide, but analysts saw a pullback in risk-on sentiment as[…]