Landlords in Dubai ‘refuse to renew contracts’

Landlords are illegally refusing to renew tenancy agreements in several areas of Dubai, the property rental regulator and experts say. More than 30 tenants in International City, 30 in Deira and 20 in Silicon Oasis say that a few months before their contracts ended, they were told by the landlord to move out. Owners have been Read More …

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Top court orders re-trial of ‘money cloners’

The UAE’s top court has ordered a retrial of three men convicted of embezzling funds from their victims by claiming they can multiply money using jinn (spirits). A lower court had sentenced the three to one year in prison and ordered their deportation from the UAE, prompting them to appeal the verdict. The sentence was Read More …

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Dubai and NY commercial courts ink cooperation deal

UAE-US business ties were boosted on Monday with the signing of a cooperation agreement between DIFC Courts and the United States District Court for the Southern District of New York, or SDNY, the oldest and busiest district court in America. The two courts’ respective chief justices met in Dubai to agree a memorandum of guidance, Read More …

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Cleaner jailed for ‘stalking’ woman in toilet

The Dubai Criminal Court has sentenced a 50-year-old Asian cleaner to six months in prison followed by deportation after he was found guilty of stalking an Arab woman while she was in the toilet. The accused denied the charged but the recordings of the building’s surveillance cameras of the incident showed that the accused was Read More …

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Dubai Human Rights recovers Dh21.5 million in delayed workers’ wages

Intensified police measures slashed human trafficking cases in Dubai to less than half in 2014 while 148 companies were blacklisted over workers’ rights. From 13 in 2013, human trafficking cases in the emirate declined to six in 2014 thanks to the opening of a human rights office at the Dubai airport, the distribution of more Read More …

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Good going for DIFC in 2014

Dubai International Financial Centre (DIFC) recorded an 18 per cent increase in the number of active registered companies operating within it, reaching 1,225 firms at the end of 2014, compared with 1,039 in 2013. Also, the financial hub issued licences to 242 new companies in 2014, compared with 199 in 2013, representing an increase of Read More …

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Ghobash: Excellence and competition key variables in improving organisational performance

Saqr Ghobash, Minister of Labour, emphasised on promoting a culture of excellence and competition between the employees and internal departments, considering them essential enablers in improving the organisational performance. “The Ministry continuously aims towards achieving advanced levels in performance within various organisational units and departments, all through the implementation and application of ambitious operational plans Read More …

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Seek advice when in financial trouble, Filipinos told

Grace Princesa, Philippine Ambassador to the UAE, gave the advice following the robbery attempt at a money exchange centre in Abu Dhabi allegedly by a veiled Filipina on Sunday. The suspect, whom police identified as A.L.R., 33, was arrested on the scene. Surveillance footage of the arrest showed the alleged suspect threatening the staff of Read More …

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Indians in UAE: Rent or buy? Poll reveals big Dubai property moves

The majority of Indians living in Dubai are planning to buy an apartment rather than a villa or townhouse, reveals a new survey.Around 60.80 per cent of Indians surveyed have been searching to buy a house in the past three months, out of which 82.86 per cent are interested in buying apartments, states Bayut.com, an Read More …

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Remember the time: Rent studio in Dubai for Dh9,500 a year – Emirates 24|7

Rents for apartments in Deira, the old Dubai, have risen by nearly five times in last three decades, a report by Asteco reveals.The property consultancy said annual rents for studio and three-bed units stood at Dh9,500 and Dh25,000, respectively, in 1986, which in 2014 rose to Dh45,000 and Dh135,000, respectively.The report, which tracks the evolution Read More …

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Dubai News – Ras Al Khaimah picks banks for April sukuk sale

The Emirate of Ras Al Khaimah has picked four banks to arrange investor meetings for a potential dollar-denominated sukuk issue of benchmark size, two sources aware of the matter said on Thursday. A deal from the Emirate is expected before the end of April, three sources told Reuters earlier this month. Ras Al Khaimah, rated Read More …

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