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The dynamics set to change in Dubai and Abu Dhabi realty markets

New residency regulations have been drafted to regulate the property market in the UAE. The first requires expatriates seeking to renew their residence visa or issue a new one for their relatives to provide an attested tenancy contract along with a power bill in.

This, according to the Ministry of Interior, is intended to build a reliable housing


Support services: Etihad Towers picks Emrill

The facilities management company Emrill has won the support services contract for the Etihad Towers in Abu Dhabi. The 5.8 million square feet property includes one commercial and three residential towers, which together represent 885 upscale residences. “After a thorough evaluation of the unique community and its requirements, we are certain that


Italian PM Monti unveils income tax cut

Rome: a breakthroug Mario Monti announced an income tax cut to help low earners, giving a rare lift to struggling households ahead of parliamentary elections next year.

The unexpected measure was presented in the early hours of Wednesday following a marathon cabinet meeting, along with a one percentage point increase in value added tax and a raft


European banks face $4.5tr asset sales

Washington/Zurich: The International Monetary Fund said European banks may need to sell as much as $4.5 trillion (Dh16.5 million) in assets through 2013 if policy makers fall short of pledges to stem the fiscal crisis, up 18 per cent from its April estimate.

Failure to implement fiscal tightening or set up a single supervisory system in the timing


EADS, BAE call off world’s biggest arms merger

London: EADS and BAE Systems called off the world’s largest defence and aviation merger on Wednesday, and sources close to the talks blamed Germany for wrecking the $45 billion (Dh165 billion) deal.

BAE said it had become clear that the interests of the French, British and German governments could not be reconciled with each other or with the


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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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Office No: 302 Wasel Business Centre
Near port Saeeed Etisalat Office Deira, Dubai.

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