Dubai: The development of dry hotels (hotels that do not serve alcohol) in Dubai has been growing for the past several years, buoyed by the increasing availability of Islamic finance, according to industry experts. “Sharia funds are growing rapidly,” said Rupprecht Queitsch, chief executive and senior partner at INHOCO Group, a hospitality consultancy in Dubai. …
Dubai
Demand Grows For Halal Food As Industry Evolves
DUBAI, United Arab Emirates — The global industry for halal food and lifestyle products — ones that meet Islamic law standards of manufacture — is estimated to be worth hundreds of billions of dollars and is multiplying as Muslim populations grow. Producers outside the Muslim world, from Brazil to the U.S. and Australia, are eager …
Rackspace Features Ethica Institute Of Islamic Finance On Rackstories
Where does the world of Islamic finance meet the world of cloud hosting? Rackspace and Ethica for starters. While Islamic finance has traditionally relied on face-to-face workshops for much of its training, a small Dubai-based company has made global strides into 64 countries on the strength of its online training and platform. Ethica has been …
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Dubai’s Arabtec Announces Q2 Net Profit Up 11%
Dubai’s Arabtec Announces Q2 Net Profit Up 11% Arabtec, the construction company at the centre of Dubai’s stock market turmoil, reported an 11 percent rise in second-quarter profit on Sunday, missing analysts’ estimates. Net profit climbed to AED103 million ($28.1 million) in the three months to June 30 from AED92 million a year earlier, the …
DFM Slides 4.38% As Arabtec Drops 10%
Abu Dhabi: The UAE bourses plunged steeply on Monday with the Dubai Financial Market (DFM) index falling 4.38 per cent to reach 3,942.82, bringing its monthly loss to 22 per cent — the most since November 2008. Meanwhile, the Abu Dhabi Securities Exchange (ADX) general index declined 2.08 per cent to end at 4,551.02. Construction …
Dubai Launches Mobile App For Handling Visa Issues
In the long run, your smart phone or tablet may as good as your passport The General Directorate of Foreigners and Residents Affairs (GDFRA) Dubai has launched a new smart phone application that can help UAE nationals, residents and companies to avail of a number of services without visiting the immigration office. Launching the smart …
