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Abu Dhabi’s ADNOC to sell 500,000 tonnes of LPG annually to Vitol

The agreement will expire on December 31, 2026

Exclusive: PepsiCo to open one of its largest manufacturing plants in Saudi

The beverages plant will open later this year in Jeddah

Dubai’s Arabtec gets regulatory nod for recapitalisation

Arabtec’s board said it was seeking shareholders’ approval for a Dhs1.5bn rights issue

Dubai issues new regulations for marketing property abroad

No company is permitted to advertise about any property without first obtaining DLD’s permission

Abu Dhabi International passenger traffic up 2.6% in Jan

The airport saw higher volumes from the UK and India in particular

Dubai’s DP World cleared of misconduct over Djibouti terminal

In 2014, the Djibouti government lodged claims accusing DP World of illegal payments

Dubai FDI to support Tesla’s regional expansion

Tesla launched operations in the UAE this month

UAE sets 2017-2021 royalty fees for telecoms operator Etisalat

The company will pay the federal government a royalty fee amounting to 30 per cent of its profit

Dubai’s ENOC to build 10 new service stations this year

ENOC has opened its new Warsan service station, located on the Dubai Hatta Road

Dubai’s Emirates to begin flights to Cambodia’s Phnom Penh

The new route will stop in Myanmar’s Yangon

UAE awards Dhs7bn of military contracts on day two of IDEX

Russia’s Rosoboronexport won a Dhs2.6bn contract

Nakheel receives construction bids starting at Dhs4.2bn for Deira Mall

The mall will feature over 1,100 shops, cafes, restaurants and entertainment outlets

UAE and Russia to develop fighter jet

The aircraft is expected to be a variation of the MiG-29

Abu Dhabi awards China’s CEFC 4% of oil concession for $900m

The stake is the last to be awarded in the concession

Dubai’s DIFC could have more than 1,000 firms by 2024

The state-owned financial free zone reached 447 financial firms in 2016

Dubai’s Jumeirah Golf Estates says new townhouses ‘sold out in three hours’

The townhouses, priced from Dhs1.3m onwards, were launched for sale in Dubai last week

Dubai Holding launches new investment firm to support start-ups

The company will enable new businesses in the region to access capital

Top Dubai schools can hike their fees by up to 4.8%

Schools will be permitted to increase their fees depending on their KHDA inspection rating

UAE to explore deeper defence ties with Australia

The two agreed to consider a 10-year defence plan that could include more than $767m in sales to the UAE

UAE expects to award Dhs20bn deals at IDEX

Over 1,200 companies are participating at IDEX, the region’s largest defence expo

In pics: World’s biggest night market takes shape at Dubai’s Deira Islands

The Dhs1.57bn Deira Night Souk project is slated to open before the end of 2018

Dubai’s Gulf Navigation reaches settlement over oil tankers

“Our primary objective to seek fair and amicable settlements in respect of legacy disputes,” said group CEO Khamis Juma Buamim

Oil prices rise as Iran backs output cap; UAE expects positive impact

UAE’s ADNOC awards China’s CNPC 8% stake in onshore concession

The onshore concession is operated by the Abu Dhabi Company for Onshore Petroleum Operations

UAE climbs 17 places on economic freedom index

The country entered the top 10 of the list while Bahrain and Oman dropped dozens of places

Dubai Airports expects 143 million passengers in 2020

The airports operator is targeting a $53bn share of the aviation sector

Trump’s defense chief Jim Mattis visits UAE in first Middle East trip

Mattis, a retired Marine general, is reviewing US war plans against ISIL in Syria and Iraq

Cayan condemns model filmed hanging off Dubai tower

Cayan said Viki Odintcova carried out the stunt without its permission

Emaar launches new waterfront project at Dubai Creek Harbour

Harbour Gate will offer 491 one, two and three bedroom apartments

Donald Trump Jr, Eric Trump open Dubai golf course, praise the UAE

The Trump International Golf Club Dubai has been developed by Damac Properties

GCC States to maintain defence spending despite oil price slump

Saudi Arabia and the UAE’s defence spend as a share of their GDP is the highest in the world