Home next GCC next UAE

UAE

Abraaj Investment Management Makes Bid Approach To Egypt’s Bisco Misr

The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.

Dubai Beats Abu Dhabi To Become The UAE’s Most Expensive City – Mercer

Dubai jumped 23 spots to rank as the 67th most expensive city in the world for expatriates.

Phase One Of Dubai’s Jumeirah Corniche Project Completed

The initial phase extends over 2 km, from the Dubai Sailing Club up to a point close to the Dubai Municipality’s Center at Umm Suqeim.

UAE To Fine Firms Dhs1000 For Delays In Applying For E-Labour Cards

Companies are required to apply for electronic employment contracts and labour cards within 60 days of an employee joining the firm.

UAE’s Dana Gas Says Wins Right To Some Payments From Iraqi Kurdistan

The firm had filed an arbitration case in London last October against the Kurdistan Regional Government (KRG), to obtain payments for products which it had delivered.

Abu Dhabi’s Aldar Properties Appoints CEO

Al Mubarak had been serving as the deputy chief executive and chief portfolio management officer of the company since shareholders approved the merger in March 2013.

Ambition, Investor Greed Fuel Rise And Fall Of Dubai’s Arabtec

The Dubai construction firm lost almost 50 per cent of its stock value after stakeholder Aabar cut its stake and former CEO Hasan Ismaik resigned.

Are Banks Prepared For Another Dubai Property Bubble?

Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.

UAE Bourses Merger Shelved As Terms Not Agreed -Sources

The sources said it was unclear whether the merger plans were permanently on hold or whether they would be revived later.

UAE Opens New Consulate In Toronto

The move is expected to boost trade and business ties between the UAE and Canada.

Dubai Ranks Fifth Among Top Global Destinations For Travellers

The emirate is expected to receive around 12 million overnight international visitors in 2014, a new study says.

Emirates Takes Delivery Of 50th A380

Dubai carrier chalks up double-decker milestone with Kuwait and Mumbai next to join the A380 network

UAE Announces Two New MERS Cases

Both the patients are stable and are receiving necessary medical care, the Ministry of Health said.

Etihad To Launch Six Routes In 2015

Abu Dhabi carrier to fly to Kolkata, Madrid, Entebbe, Edinburgh, Hong Kong and Algiers next year

Etihad Signs Partnership With Philippine Airlines

The agreement covers codeshare flights, loyalty programmes, airport lounges and the coordination of airport operations.

Tabreed Consortium Acquires $286m Cooling Services Contract

The 30-year contract involves buying the existing district cooling provider to Al Maryah Island in Abu Dhabi.

U.S. Blacklists UAE Firm For Flouting Sanctions On Syria

Sharjah-based Pangates supplied petroleum products to Syria from 2012 to April this year, the U.S. Treasury Department said.

UAE Holding Suspected Qatari “Agents” For Questioning – Report

A Qatari newspaper reported earlier this week that UAE authorities had detained three Qatari citizens who were on holiday.

Dubai’s Gulf Navigation Cuts Capital, Eyes New Expansion

Dubai’s only listed crude oil shipper said it had written off accumulated losses worth Dhs1.1 billion.

Abu Dhabi House Prices Grow 29% Y-o-Y In Q2 2014

Investor confidence in the capital’s property market has returned with off-plan projects being sold out, according to a report by Asteco.

BMW Middle East Reports A 25% Increase In Sales For The First Half Of 2014

A total of 15,797 BMW and Mini vehicles were sold in the region with the UAE accounting for half of total sales.

Nakheel’s First Half Net Profit Up 54% To Dhs1.85bn

Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.

Emirates Firms Up Boeing 777X Order

Deal first announced as a commitment at the 2013 Dubai Airshow has now been finalised

Djibouti In Legal Dispute With DP World Over Port Concession

DP World owns one-third of Djibouti’s Doraleh Container Terminal.

Damac Offers Buyers Luxury BMW Cars As Part Of Ramadan Promotion

The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.

UAE Citizens To Travel Visa-Free To Kazakhstan From July 15

Kazakhstan is introducing a 15-day visa-free regime for citizens from 10 countries.

Emirates To Drop Kiev Flights

Dubai carrier decides to call time on Ukraine service which launched in January

Dubai Holding Chief Says Company Needs $6.8bn To Build New Mega-Mall

Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.

Dubai’s DGCX Considering Spot Silver Contract

The spot silver contract will follow the launch of the first spot gold contract by the DMCC.

Etisalat Registers 95% Of SIM Cards In The UAE

The deadline for all SIM registrations will end on July 16, 2014, the UAE telecom operator said.