The U.S. Commerce Department said UAE exporters had sold wire rod products at 84.1 per cent below fair value
Category: UAE
Etihad customers can now pay via credit card installment plans
The installment plans range from three to 60 months, the airline said
Dubai’s DP World unit, IGY Marinas to build superyacht marina project
The project in France will offer 12 superyacht berths for the world’s largest vessels
Dubai Parks operator takes Dhs245m loan from shareholder Meraas
The loan will be used to fund operational expenses and debt repayments
Dubai’s Atlas Jewellery still struggling to resolve debt issues
Atlas defaulted on loans in 2015 and its owner, M M Ramachandran, was sentenced to a three-year jail term
UAE confirms Islamic New Year holiday for public and private sectors
The UAE has declared a holiday on Thursday, September 21
Dana Gas sukuk UK trial adjourned until Thursday
Dana Gas shareholders on Sunday obtained an injunction from a UAE court to halt the UK proceedings
Islamic New Year likely to begin on Thursday as per new UAE Hijri calendar
Public and private sector workers in the UAE will receive the first day of Muharram as holiday
Nakheel assesses construction bids for RIU resort at Deira Islands
The lowest bid for constructing the 800-room resort stands at Dhs363m
Dubai’s Five Holdings repays Dhs1.1bn financing over a year ahead of schedule
The financing was used to build the company’s projects in Palm Jumeirah and Jumeirah Village
Almost 50% of UAE workers expect salaries to rise in next six months
Survey also finds that 63 per cent expect their family’s financial position to “improve” in the next six months
Abu Dhabi Financial Group plans $100m private bond sale
The privately owned investment company has over $5bn of assets under management
Viceroy denies allegations of US lawsuit filed by Dubai’s Five Holdings
The lawsuit relates to the management of a luxury hotel in Palm Jumeirah
Dubai’s ruler launches free education project
The project aims to translate 11 million words of math and science material to Arabic
Abu Dhabi Global Market, KPMG select 11 finalists for fintech challenge
Two winners will be selected and invited to demonstrate their solutions at the Global FinTech Hackcelerator in Singapore
DP World to buy Dubai Maritime City, Drydocks World for $405m
Both deals are expected to close before the end of the first quarter of 2018
Microsoft launches new Surface Pro in the UAE, price revealed
The new Surface Pro comes with 50 per cent more battery life than its predecessor
Dubai’s DIFC Courts can now handle complex construction, technology disputes
The Technology and Construction Division features specialist judges and a new set of industry-specific rules
Abu Dhabi bank ADCB’s services will be unavailable for three days
The bank is carrying out a system enhancement during the end of the month
UAE’s Emaar Properties gets $1.5bn loan from First Abu Dhabi Bank
Emaar Properties plans to launch an IPO of its local real estate development business by November
Dubai’s DP World says won’t renew Indonesia port contract
The announcement comes after DP World confirmed a deal with the Indonesian government to advise on port development in July
Creditor support grows for Dubai’s GGICO $572m debt deal
The deal is set to achieve the target of 75 per cent creditor support by the end of the month, sources said
Dubai adds 50 Tesla electric vehicles to taxi fleet
The RTA signed a deal for 200 Tesla vehicles in February
UAE announces public and private sector holiday for Islamic New Year
The first day of Muharram will be determined by the UAE’s moon-sighting committee