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Dubai Aerospace authorised to buy back $300m in bonds

DAE said it had already bought back $295m of principal amount of its public bonds

Tesla opens pop-up showroom in Dubai’s Mall of the Emirates

The showroom will provide information about the company’s new Model 3

Dubai’s RTA awards construction contract for 77km of roads at Al Khawaneej 2

The Roads and Transport Authority is currently constructing internal roads in several residential areas of Dubai

Dubai app Careem looks to raise up to $200m in China

Careem competes head-to-head with Uber in most of the major cities in the Middle East

Pakistan International Airlines resumes flights to Muscat, Sharjah

The carrier is in the middle of a turnaround plan

Counterfeit Toyota parts worth Dhs15m confiscated in the UAE this year

A total of 16 raids were conducted on counterfeit car part dealers across the country

DP World chairman says trade tensions will make 2019 challenging

The ports operator has been affected by geopolitical risks and changes in trade policies

Dubai’s RTA confirms Dhs590m project to expand smart traffic system

The plans will see real time traffic data made available to residents via apps

Saudi airline Flynas receives first Airbus A320neo under $8.5bn order

Flynas has committed to purchasing 80 aircraft before 2026

Riyadh raises SAR1bn from auction of metro naming rights

The winners are entitled to retail space, advertising and signage among other opportunities

SaudiGulf Airlines signs agreement for 10 Airbus A320neo jets

The planes are worth around $1.1bn at list prices

Dubai airline Emirates posts 86% drop in H1 profit, warns of ‘tough’ times ahead

The airline blamed the drop in profit on high fuel costs and currency devaluations

Update: Kuwait airport resumes operations after halting flights

Arriving flights were redirected to Dammam, Riyadh and Manama airports

Off-duty Emirati pilot given jail sentence after threatening to blow up Emirates plane

The man was also charged with issuing death threats and damaging an entertainment screen

Abu Dhabi’s Etihad, Bahrain’s Gulf Air sign cooperation deal

The two airlines will codeshare on some routes and explore partnerships in their cargo and loyalty programmes

Saudi’s flyadeal aims to decide on 30-jet order by month-end

The airline is planning on Airbus A320neo models or Boeing 737 MAX planes

Oman Air flight makes emergency landing in UAE after boy dies onboard

The four-year-old Indian boy suffered an epileptic seizure onboard

Air Arabia posts 20% drop in Q3 net profit, blames high fuel prices

Net profit during the first nine months of the year also fell by 17 per cent

Dubai airline Emirates’ profit badly hit by higher fuel prices – official

Emirates’ cargo business is excelling this year, the airline’s chief commercial officer said

Saudi shipper Bahri targets acquisitions in Asia, Middle East – CEO

Bahri is the world’s largest owner and operator of very large crude carriers (VLCCs)

Airbus stages maiden flight of upgraded A330-800

Airbus announced last month it had won an order for eight A330-800 jets from Kuwait Airways

Dubai’s Emirates to offer Diwali sweets on flights

The carrier has been serving India for 33 years

Dubai World Central sees 45.2% drop in passenger traffic in 2015

Dubai World Central airport passenger traffic up 26% in Q3

Year-to-date traffic was still down 1.9 per cent on last year

Dubai’s Emirates to introduce new first class cabin on Vienna route

The carrier first unveiled the new Mercedes-inspired suites at the Dubai Airshow last November.

Abu Dhabi’s Etihad launches premium economy seats

By December 2018, Etihad will retrofit all its 10 Airbus A380s with the new ‘economy space’ seats

Dubai’s Emirates seeks Rolls-Royce A380 engine deal, nothing finalised

Industry sources have said Emirates is unhappy with the performance of Rolls-Royce Trent 900 engines

UAE’s AW Rostamani acquires majority stake in UK car retailer

The company said the transaction was its first investment in the UK motor retail sector

RTA to build ‘unique’ four-sided footbridge at key junction in Dubai Marina

The bridge expected to be completed in December 2019

‘World’s first’ commercial flying car to be showcased in Kuwait

PAL-V Liberty is expected to receive full certification in 2020

Bahrain’s Gulf Air mulling laying off nationals

The airline is convening a board meeting on Friday to discuss the issue