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DIFC, Accenture launch new fintech accelerator in Dubai

The new initiative, called FinTech Hive, will focus on providing mentorship to start-ups and entrepreneurs

Dubai reveals new public parking rates for commercial areas

December business conditions improve in Dubai but little job growth

Emirates NBD noted a jump in construction activity and sentiment during the month but relatively little job growth

Dubai’s JAFZA introduces more flexible regulation for free zone firms

The new rules reduce capital and other requirements for companies setting up in the zone

Dubai Business Events says 2016 was most successful year to date

The bureau said it won more than 100 bids and proposals for upcoming conferences, meetings and incentive trips

Majid Al Futtaim announces plans for $82m Masdar City mall

The new mall is designed to serve Masdar City’s growing population

Calorie information to be introduced at Dubai restaurants

Food labelling is being introduced to encourage healthy eating, according to reports

Dubai finalising loans for airport expansion and Expo 2020

The government is due to get commitments from banks over the next two weeks for a $3bn loan

Nakheel signs deal with Centara for Dhs500m Deira Islands resort

The resort is anticipated to have a soft opening in 2019 and a grand opening in 2020

Investment Corporation of Dubai expected to issue dollar bond this month

The company holds stakes in Emirates Airline and Emirates NBD

Dubai hits four-year high for new residential units

JLL said a further 31,000 units are scheduled for completion this year

Emirates flight from Muscat to Dubai cancelled after snake found on plane

The snake was found in the cargo hold by a staff member

Dubai property market likely to move ‘sideways’ in 2017 – Damac CFO

Damac expects to maintain its 25 per cent cash dividend policy for 2016

UAE introduces new limits on venture capital funds

The new rules include limits on risk exposure and annual report requirements

Dubai’s Network International appoints new CEO

Simon Haslam was previously the president and CEO of US-based Elavon

‘Negligent and reckless’ pilot caused Atlantis helicopter crash

GCAA investigation into the crash on the Palm says pilot was “directly responsible for the crash”

Airbus’ superjumbo A380 heading towards ‘certain death’ – analyst

The recent deferral by Emirates has added to the jumbo jet’s woes

Dubai’s Gulf Navigation forms joint venture with Polimar Turkish Holding

The expected revenue from the partnership will be around $27m

Construction of UAE nuclear power plant units 75% complete

The Barakah Nuclear Energy plant is scheduled for completion in 2020

Dubai Parks aims to be among the world’s top 5 most visited theme parks

The venue hopes to see 6.7 million ticketed visits in its first full year of operations

Currency movements hit 2016 sales at Dubai Duty Free

The company announced annual sales of Dhs6.673bn

UAE bank NBAD confirms resignation of four senior managers

No specific reason was given for the departures

UAE President leaves country on private visit

Sheikh Khalifa was previously out of the country from June to September

Damac launches luxury villas at Akoya projects

Kensington Boutique Villas, at Akoya Oxygen, are priced from Dhs1.35m onwards

Abu Dhabi in talks to invest in $100bn SoftBank fund

Saudi Arabia’s Public Investment Fund is a major backer of the fund

Dubai’s DEWA opens new power substation in Al Quoz 4

DEWA is set to complete the construction of 100 132/11 KV substations over the next three years

Abu Dhabi approves infrastructure projects worth Dhs241m

A Dhs76m project will be undertaken to maintain and restore internal roads and bridges in Abu Dhabi

US to transfer Guantanamo Bay detainees to Saudi, Oman and UAE

Four detainees are expected to be sent to Saudi within 24 hours

ADNOC plans oilfield maintenance in March-April

The UAE has committed to reduce production by 139,000 barrels per day in the first half of 2017

MENA startups received $870m funding in 2016 – report

The amount represents an increase of 424 per cent compared to 2015, according to Magnitt

Dubai airport passenger traffic up 9.4% in November

In the first 11 months of 2016, traffic grew 7 per cent to 75.95 million people