London court orders Djibouti to pay $385m to DP World JV for breach

The court said Djibouti “breached” DCT’s exclusivity rights under its 2006 concession agreement to develop a container terminal at Doraleh

UAE’s aviation body to join FAA panel on Boeing 737 MAX

The MAX has been grounded globally since last month

Saudi grants fixed-line telecoms licence to ITC

So far Saudi Telecom Company has been the sole provider of fixed-line services in the country

UAE President awards Indian PM Modi with the Zayed Medal

The medal is the UAE’s highest civil honour awarded to kings, presidents and heads of states

First Abu Dhabi Bank, Abu Dhabi Islamic Bank deny merger talks

A wave of consolidation has been sweeping Abu Dhabi in recent times

Pictures: Snow in Saudi mountains, thunderstorms forecast in parts of the country

The Al Luz mountains in Tabuk witnessed heavy spring snowfall earlier this week

Saudi pledges $1bn for Iraq at start of economic visit

A delegation including the Saudi energy and investment ministers arrived in Iraq on Wednesday

UAE female pilot vying to head UN aviation council pledges neutrality in Qatar rift

Aysha al Hamili, the UAE’s first female pilot, aims to become ICAO’s first female council president

Kuwait sets up team to probe fire at kerosene refinery

The fire will not affect the supply of kerosene in the domestic and export market, officials said

Dubai’s Danube Properties sells over 1,860 units for Dhs978m in 2018

The developer said it has awarded Dhs1.6bn worth of construction contracts involving 10 of its 12 projects

Dubai logistics firm Tristar seeks banks to advise on IPO

Tristar is reportedly seeking to raise $250m in a potential public share sale this year

Dubai International to have ‘first-ever airport resident DJ’

The new roaming musicDXB stage will see a regular monthly calendar of performances

HSBC opens new branch in Abu Dhabi Global Market

The UAE currently serves as HSBC’s headquarters for its operations in the MENAT region

Dubai skyline

Revealed: Top 3 Dubai developers that sold the most residential units in Jan, Feb

Emaar emerged as the top developer in terms of volumes and value for residential property sales in the first two months of the year

UAE to validate any Boeing MAX fix before lifting airspace ban – official

The MAX has been grounded globally since last month following two fatal crashes in five months

Saudi King Salman to visit Bahrain

Saudi Arabia, along with Kuwait and the UAE, pledged $10bn in financial aid to Bahrain last year

Dubai’s Emirates NBD to buy Turkey’s Denizbank for $2.8bn in revised deal

The current offer is roughly 20 per cent lower than the $3.2bn agreement reached last year

Uber, Careem deal to be completed in 7-8 months, CEOs tell Dubai Deputy Ruler

Last week, Uber announced that it acquire Dubai-based rival Careem for $3.1bn

Five injured, property damaged after Saudi intercepts two drones fired by Houthis

The drones were fired at the Saudi city of Khamis Mushait on Tuesday night

UAE weather: Rainfall forecast in parts of the country with low visibility

Cloudy weather conditions will persist until Saturday

Kuwait signs financial aid agreement for Bahrain

Kuwait, along with Saudi Arabia and the UAE, pledged $10bn in financial aid to Bahrain last year

UAE’s FTA starts receiving applications for refunding VAT to business visitors

The minimum VAT amount to reclaim is Dhs2,000

UAE’s ADNOC signs new long-term agreement for base oil sales into China

ADNOC Refining produces up to 500,000 metric tonnes per year of the Group III base oil

Dubai’s RTA to launch nine new bus routes, cancel three services this month

The new routes will improve the integration with the metro service as well as the link with Al Ain city

Video: Police arrest 24-member gang in the UAE for phone scam

Dramatic footage posted by Abu Dhabi Police showed officials raiding the apartment in Ajman

Dubai’s Mashreq to close 12 branches as it shifts online

In March, the lender’s CEO said the bank will close 50 per cent of its branches this year

Saudi authorities use satellites to nab robbers accused of stealing SAR850,000

The accused were involved in an armed robbery in the Saudi capital

UAE’s ADFG to take over Shuaa Capital in reverse merger by mid-April

Last month, Dubai-listed Shuaa disclosed it had started talks on a possible merger with the Abu Dhabi Financial Group

Abu Dhabi’s new waterfront project featuring region’s largest aquarium to open in 2020

The Dhs850m Al Qana project was initially slated to open this year

Renault alerts prosecutors to Oman dealer payments under Ghosn

Ghosn was arrested in Japan in November for suspected financial misconduct at Renault’s alliance partner Nissan