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UAE

Abu Dhabi to cancel black points issued to motorists ahead of new regulation

Black points handed for major traffic violations will not be cancelled

Dubai launches mega Dhs6.3bn tourism project featuring two islands next to Burj Al Arab

As part of the Marsa Al Arab project, Wild Wadi Waterpark will be relocated closer to the beach

Dubai’s Emaar Properties Q1 profit rises 15%

Recurring revenues contributed to 39 per cent of the group’s revenue

Dubai closes $3bn of financing for airports expansion

The funds will be used to expand the Dubai International and Dubai World Central airports

Dubai developer Nshama launches more affordable homes in Town Square

The new Rawda Apartments feature one, two and three bedroom units

Human

UAE not hit by global cyberattack

A massive cyberattack hit almost 100 countries on Saturday

Dubai’s Emirates to launch third daily service to Brisbane

The direct service will be operated by a Boeing 777-200LR

Parts of the UAE hit by heavy rain

In Khorfakkan, the rains led to waterlogging on the streets

Dubai’s Nakheel awards Dhs1.5bn contract for the Palm Gateway project

The three-tower residential, retail and beach club complex will take two and a half years to complete

New four-star hotel announced for Dubai’s Sheikh Zayed Road

The hotel has been launched by UAE group RSG International in partnership with Rotana

UAE website JadoPado acquired by Dubai billionaire Alabbar-led tech fund

The $1bn tech fund was launched in August by a consortium of investors led by Alabbar

UAE’s TAQA swings to first profit in two years in Q1

Revenues rose to Dhs4.1bn, up 6 per cent, mainly due to higher oil and gas prices

New online will launched for shareholders in Dubai freezone companies

The DIFC Wills and Probate Registry has launched a new service for freezone company shareholders in Dubai and RAK

Emirates airline posts 82% drop in annual profit 

Emirates said revenues were hit by the weakening of all major currencies against the dollar

Video: Dubai’s Emaar completes 200m high Sky Bridge linking two Address hotels

Situated at a height of over 220 metres, the Sky Bridge is billed as a new tourist attraction

Abu Dhabi announces closure of road to Dubai on Friday

The exit road from Abu Dhabi’s Khalifa City to Dubai through the E10 main road will be closed

Dubai’s Mashreq to launch new digital bank, CEO says more UAE bank mergers likely

Mashreq will launch the new bank in July this year

UAE’s aviation authority to investigate helicopter accident in Abu Dhabi

A helicopter, operated by Abu Dhabi Aviation, conducted a controlled ditching off the coast of Mubarras Island

Abu Dhabi Crown Prince to meet Trump at the White House

The two leaders will hold a meeting at the White House on May 15

New Dhs2.6bn mega mall set to open in Sharjah by 2020

City Centre Al Zahia will offer 136,200 sqm of gross leasable area, with over 360 retail brands

Dubai’s Nakheel releases construction tender for RIU resort at Deira Islands

The 800-room resort is set for delivery in Q4 2019

Main construction contract awarded for Stella Maris project at Dubai Marina

The main works contract has been awarded to General Construction Company

Emirates plane grounded in India after bird strike

The bird strike reportedly took place when the aircraft was landing at the Kolkata airport

Dubai’s private sector sees strongest growth in 26 months

Improving business conditions in the construction sector aided overall growth

Abu Dhabi’s Aldar Properties Q1 net profit flat

The Abu Dhabi developer reported first quarter net profit of Dhs641m

Video: Mega Dhs12bn expansion plan revealed for Abu Dhabi’s Yas Island

The new development includes plans for an events venue with a capacity for 18,000 people

Abu Dhabi’s Etihad agreed to repay Alitalia’s portion of two bonds

Etihad and its partner airlines issued the bonds worth a combined $1.2bn in 2015 and 2016

Dubai stores to offer up 90% discounts during three-day sale in May

The citywide ‘Super Sale’ initiative will run from May 18-20

Dubai contractor DSI seeking outstanding payments from Saudi Aramco

The company may consider all legal options including arbitration to recover the remaining amount

Dubai’s DP World confirms 10 injured in ship accident at Jebel Ali port

A container vessel collided with the harbour wall at the Jebel Ali port last week