Home GCC UAE

UAE

Exclusive: Dubai Duty Free’s Colm McLoughlin on building a successful business

Having been in his post since 1984, executive vice chairman Colm McLoughlin talks about the leadership and innovation necessary to create an efficient business

Iranian visitor numbers to Dubai up by 41% in 2014

Dubai also saw a growth in visitors from China while tourists from Russia and Germany slumped last year, a report says

Auditors, HR professionals in UAE to see highest salary rises in 2016

Average salaries for professional occupations are set to rise by 1.7 per cent next year, finds Robert Half report

Abu Dhabi airport passenger traffic up 18% in nine months of 2015

The airport saw the steepest growth in passenger traffic from the US routes, with a 44 per cent surge in travellers

Delta cancels Dubai-Atlanta flights as subsidy row heats up

The cancellation of the service will be effective from February 11, 2016, the airline said

Dubai’s Aramex targets acquisitions in range of $150m

Acquisitions are expected to help increase the firm’s presence in growth markets

Emirates Global Aluminium in talks for $5bn loan to refinance debt – sources

The company is seeking funds to refinance loans taken for the Emal projects, sources said

Etihad Rail awaiting regulatory nod to start operations on Stage 1

Authorities are also in the final stage of tender evaluation process for the second phase of Etihad Rail, an official said

Tight liquidity may force UAE bank NBAD to raise borrowing rates -CEO

Rising rates might also impact the bank’s third quarter earnings, the lender’s chief executive said

Dubai’s Emaar Malls Q3 net profit rises 17%

Emaar Malls made a net profit of Dhs 376m in the three months to Sept. 30

Abu Dhabi’s Reem Mall plans world’s largest indoor snow-play park

The 125,000 sq ft attraction will include family-oriented activities and experiences such as sledging, zorbing and luge

Nakheel’s Golden Mile Galleria opens on Dubai’s Palm Jumeirah

New development has 70 shops, restaurants and cafes

Dubai airport passenger traffic up 8.2% in September

The airport’s traffic during the first nine months of 2015 rose 12 per cent to around 58.7 million passengers

UAE lowers petrol, diesel prices for November

The price of a litre of octane 95 gasoline will drop 5 per cent to Dhs 1.7 from Dhs 1.79 in October

UAE’s Etisalat Q3 net profit falls 8.6%

The telecom operator made a net profit of Dhs 1.95bn in the three months to September 30

RAKBank launches Elite tier

The new premium banking offering will provide customers with a dedicated relationship manager available 24/7

UAE ranked first in MENA for ease of doing business – World Bank

The UAE increased its global ranking by one spot to reach 31 among 189 countries

Michael Dell: ‘I am just on a really big adventure’

Dell CEO says he is ‘tremendously excited’ about pending $67bn acquisition of EMC

Etihad Airways CEO sees more legal action in Air Berlin code-share dispute

The German government has said it will revoke approval for code-sharing by Etihad and Air Berlin on a number of routes which it says are not covered by the current bilateral air services deal

Emirates to operate one-off A380 flight to Sao Paulo

The flight will mark Emirates’ eighth year of operations in Brazil

Pictures, video: Apple’s new store in Dubai’s Mall of the Emirates

Apple will be opening its new stores to the public in Dubai and Abu Dhabi on October 29

Sheikh Mohammed says UAE to be a ‘beacon of stability’ in Middle East

The UAE will look towards realising the goals of its Vision 2021, the Dubai ruler said

Higher net interest income helps Emirates NBD’s Q3 net profit rise 7%

The lender made a net profit of Dhs 1.67bn ($454.71m) in the three months to Sept. 30, compared to Dhs 1.56bn in the same period in 2014

UAE introduces new decrees for contract renewal, work permits

The new rules require workers to physically sign work permits as well contracts for renewal

MENA’s design industry valued at around $100bn in 2014

The United Arab Emirates and Saudi Arabia are the largest design markets in the region, a new report shows

Planned stock market listings in Abu Dhabi held back by conditions

Low oil prices and regional turmoil are keeping volumes low on Abu Dhabi’s stock market

Emirates signs codeshare deal with Alaska Airlines

The codeshare agreement will help passengers connect easily to 49 US cities

Dell to partner up with Middle East firms to build cloud services

Texan company to expand workforce and investment across MENA region

UAE public sector workers given five-day break for Martyr’s Day, National Day

All government offices will remain closed from Tuesday, December 1 to Saturday, December 5

Abu Dhabi F1 Grand Prix set to sell-out all 60,000 tickets

Yas Marina Circuit says over 90 per cent of the tickets have already been sold for the event, which runs from November 27-29