Gulfnews

Dubai’s Union Properties enters into Dh1.2 billion settlements with Emirates NBD, Dubailand

Dubai’s listed developer Union Properties PJSC, on Friday, announced a breakthrough in its ‘legacy debt’ restructuring challenges by entering into a settlements with EmiratesNBD and Dubailand for Dh1.25 billion. Under the agreement with Dubai’s biggest bank, Union Properties will pay a settlement amount of Dh850 million to Emirates NBD in installments within nine months of […]

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Illegal residents given final chance to avail amnesty in UAE

President issues directive to give amnesty seekers more time to resolve status The UAE’s visa amnesty has been extended for one more month granting amnesty seekers more time to settle their visa status in the country, an official told Gulf News on Monday. Lieutenant Colonel Ahmad Al Dallal, spokesperson at the General Directorate of Residency

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Shaikh Mohammad inspected development projects in Hatta

City to become a major attraction for tourism and investment Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, on Monday inspected a number of development, service and ecotourism projects in Hatta. He issued instructions to accelerate the implementation of service and environmental

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UAE cabinet to allow trading companies to issue IPOs

Investors say amendment to law would help lift local stock markets The UAE Cabinet on Sunday adopted an amendment to the country’s Commercial Agencies Law, which would allow trade agencies to convert into public shareholding companies. Trade agencies are a popular method of doing business in the country, created when a UAE entity, typically a

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