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Nakheel chairman says mortgage law to regulate real estate

Dubai: A new cap on mortgage lending in the UAE will help regulate the real estate market better, but could be restrictive for a middle class aspiring to buy their own homes, the top executive at Dubai-based developer Nakheel said Wednesday.

The UAE central bank issued new regulations this week that limit the amount that expatriates and nationals


Starbucks drive-thru drives up success

Starbucks has introduced drive-thru facilities at their Jumeirah Beach Road three weeks ago. According to Starbucks in-store manager Jay Rivera, this is the first time in Dubai that the popular coffee outlet sets up a drive-thru. Sales to drive-thru customers, who now make up 55 per cent of the total base, have accounted for 60 per cent of total


Mercedes ML 63: Best of both

The equations would have been slightly different in the Premium SUV category if the all-new Range Rover had gone on sale in the region while we were debating this year’s winners. Since it wasn’t, things were a bit easier for us, with all of us almost unanimously choosing the Mercedes ML 63 as the clear winner here.

While the premium


VOX Cinema to triple screen count in Middle East

VOX Cinemas, previously CineStar Cinema before it became wholly owned by Majid Al Futtaim Ventures, is planning to triple its screen count across the Middle East within the next five years, a top company official said.

The company is considering markets in Egypt, Kuwait, Bahrain, Qatar and Syria after the political troubles there


UAE-Japan trade exchanges up

Abu Dhabi: The UAE has become Japan’s major economic partner in the Middle East and North Africa (MENA) region over the past decade, providing Japan with 25 per cent of its oil needs, a report by the Japanese External Trade Organisation (Jetro), a government agency, showed.

The UAE exports to Japan constitute 25 per cent of the total MENA exports


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Abatera Tours is an expert destination management company that covers all aspects of inbound tourism business including FIT Travel, Leisure groups and Meetings, Incentives, Conferences & Events (MICE)...

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