DUBAI / WAM Sotheby’s, one of the world’s largest auction houses, has officially opened its Dubai gallery and office at Dubai International Financial Centre (DFIC), in the presence of Sheikh Nahyan bin Mubarak Al Nahyan, UAE Minister of Culture and Knowledge Development, and Essa Kazim, Governor of Dubai International Financial Centre (DIFC), alongside Sotheby’s President and CEO, Tad Smith, …

  Dubai / Emirates Business wasl Asset Management, one of the largest real estate development and management companies in Dubai, announced the launch of wasl Karama Bazaar, which will provide free stalls for Emirati small business owners. The event will be hosted at the Karama Central Market within wasl buildings, and will run from March 16 until April 7 on …

  New York / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, met Antonio Guterres, Secretary-General of the United Nations, at the UN headquarters in New York. During their meeting, the two sides discussed aspects of joint cooperation and ways to strengthen and consolidate bilateral relations between the UAE and the United Nations …

  London / WAM HH Sheikh Dr Sultan bin Mohamed Al Qasimi, Supreme Council Member and Ruler of Sharjah, has launched an English copy of his book “The Tale of the City,” which sheds lights on the arrival of the British and the fall of Constantinople. After signing the English version of the book, Sheikh Sultan Al Qasimi said that …

  Dubai / WAM Expenditure on outbound travel from the Middle East is expected to reach $165.3 billion by 2025, according to the World Travel and Tourism Council. Highlighting the buoyant outbound travel market, another report, issued by the United Nations World Tourism Organisation (2015 Tourism Highlights), which includes research teams from Frost & Sullivan and Insights Middle East, revealed …

  Dubai / WAM The eleventh edition of Art Dubai will open its doors to the public on Wednesday. Held under the patronage of Vice President, Prime Minister and Ruler of Dubai, His Highness Sheikh Mohammed bin Rashid Al Maktoum, and with the new leadership of Fair Director Myrna Ayad, and International Director, Pablo del Val, this year’s fair will …

  Abu Dhabi / WAM The total federal government spending reached AED29.717 billion in the first nine months of 2016, according to the latest report issued by the Ministry of Finance, which revealed the developments related to the implementation of the general budget by government departments in 2016. The total spending during the first nine months of last year accounted …

  Dubai / Emirates Business Danube Properties, UAE’s leading property developer, part of Danube Group, launched a new realty project called ‘Resortz’, in Dubai’s Arjaan neighbourhood. The project was unveiled by Rizwan Sajan, Founder and Chairman of Danube Group, in the presence of media, brokers as well as senior management of the firm. The AED 300 million project spans an …

  We are now deep in the era of political shocks. One electorate after another has expressed its anger with mainstream parties and technocratic elites by favouring political outsiders and know-nothing anti-incumbents. But what explains the appeal of demagogues once they start governing and reveal themselves to be exponents of chaos? The widespread disorder predicted last November, when Prime Minister …

  Europe’s tale of two rescue funds is morphing into a worrying saga. The outlook for the region’s original crisis bailout vehicle, the European Financial Stability Fund (EFSF), to raise sufficient long-term funds to do its job is getting trickier. Despite last week being a pretty decent one for bond issuance, the EFSF stayed on the sidelines. Meanwhile, its more-popular …