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UAE

Dubai’s Arabtec Q2 reports seventh straight quarterly loss

The contractor made a net loss of Dhs186.4m in the second quarter

Why UAE must make it easy for women to sponsor their spouses

Expatriate women in the UAE face greater workplace challenges than their male counterparts, says senior exec

Dubai government to buy new electric and hybrid cars

Up to 10 per cent of new vehicles will be electric and hybrid cars

China’s ICBC aims for benchmark dollar bond via Dubai by year-end

It would be the third bond issue by China’s largest bank via its DIFC office

Emirates offers EK521 passengers $7,000 compensation

Flight EK521 crash landed on arrival in Dubai last week

Ismaik’s Marya Group reveals listing plans

Firm says it will eventually go public after increasing investment portfolio to $1bn

UAE cautions citizens against wearing burqas in Swiss region

Swiss canton Ticino implemented a burqa ban last month

Dubai Parks confirms October opening but some rides will be missing

Parts of one of the operator’s three theme parks will not be ready for the opening date

Pod-shaped luxury floating homes to be unveiled in Dubai

The Dutch developer behind the homes is expecting regional sales worth $50m over the first year

Dubai’s Nakheel to build new 375,000 sq ft retail complex at Dragon City

The developer has awarded a Dhs117.5m contract to build the complex

UAE Space Agency and Lockheed Martin reveal space training programme

The announcement follows a memorandum of understanding signed between Lockheed and the space agency in June

Dubai’s Deyaar makes standalone facilities management company

Deyaar remains the full owner of the firm

Dubai property prices drop for sixth consecutive quarter

Average sales rates fell by 12 per cent year-on-year in Q2, finds CBRE

Dubai’s Nakheel awards Dhs1.5bn contract for Al Khail Avenue

The Dhs2bn project will feature hospitality, retail and entertainment facilities

Abu Dhabi’s TAQA reports Q2 net loss of $160m

Revenues from oil and gas fell by 34.6 per cent to Dhs1.04bn

Rio Olympics: Judoka Toma wins UAE bronze medal

Sergiu Toma claimed the country’s second-ever medal at the Olympics

Dubai’s Damac to launch Akoya land plots, JVC apartments

Sale of both projects will begin on August 20

UAE appoints committee to review maternity law

The UAE’s Gender Balance Council is also planning to introduce part-time shifts in departments and companies

Pictures: Sharjah to open new five-star theatre-themed hotel

The Act hotel is set to be officially opened in the next few months

Abu Dhabi’s GASCO receives LNG storage vessel

The floating import vessel follows delays to plans for an onshore facility in Fujairah, according to reports

Dubai property market will see upturn in 2017- KPMG

Dubai businessman Al Habtoor says property prices will rise in ‘coming months’

Growth will be driven by the emirate’s ‘landmark’ project, Al Habtoor said

Aramex confirms stake acquisition by Australia Post

The deals follows Aramex’s recent sale of a Sydney-based courier firm to Australia Post

Hyperloop train to travel from Dubai to Fujairah in ‘less than 10 minutes’

Dubai to host international competition next month for hyperloop project designs

Emirates to deploy third daily A380 to Manchester

The jumbo jet will increase capacity on the route by 11 per cent

UAE national recruit dies while performing prayers

Sayed Ibrahim Ismail al-Hashemi died on Sunday while performing afternoon prayers in a mosque at the training centre

Nasdaq Dubai to open equities futures market

The introduction of stock futures could be a major development for equity markets in the UAE

S&P maintains strong Abu Dhabi ratings despite low oil prices

The agency affirmed its ‘AA’ long-term ratings for the emirate

Dubai airport traffic drops by 1% in June due to Ramadan

In the first half of this year passenger traffic rose 5.8 per cent to 40.51 million people

Apple’s iPhone 6 remains UAE’s most popular smartphone in Q1 2016

Samsung is the most used handset brand in the country, finds TRA

Dubai-based TURN8 launches $60m venture capital fund

The new fund will be used to support start-ups in technology innovation