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Abu Dhabi Commercial Bank Q4 profit drops 16% on impairments

The emirate’s second-largest bank by assets made a net profit attributable to shareholders of Dhs1bn

UAE telecom operator du has cut jobs -CEO

The company began the restructuring process in April/May last year

Emaar’s Rove brand opens new Dubai Healthcare City hotel

The 11-floor property is the third Rove hotel to open in Dubai

Du holding company to launch Virgin Mobile brand in UAE

Virgin Mobile will use EITC’s network and infrastructure in the same way that du does

Viceroy Palm Jumeirah Dubai targets March-end launch

The resort features a striking entrance comprising wooden sculptures twisting within a glass cube

Dubai developer Meraas rebrands, reveals new logo

The company said the new logo is the first part of its revamped brand strategy

Dubai’s new LED lamp to soon become mandatory for all new buildings

The Dubai lamp is expected to be made available in the Dubai market by the end of this year

New water taxis introduced at Abu Dhabi’s Yas Island

The service is hoped to improve accessibility and connectivity to the island

Dubai to award $3bn construction contracts for Expo 2020

This year’s contracts will include construction of car parking, three districts and public areas

Dubai Tour to have minimal impact on road traffic – RTA

The fourth edition of the five-day cycling event will see 16 teams competing in five stages

Dubai’s Aramex posts 129% jump in Q4 net profit

Aramex said it was cautious in its outlook due to global economic uncertainties

Dubai airport sends back ‘handful of people’ after Trump ban

The U.S. travel ban on seven Muslim-majority countries has caught airlines off guard

Trump speaks to Saudi, UAE leaders, discusses counter-terrorism push

The leaders also reportedly discussed heightening economic cooperation

UAE to grant visas on arrival to Russian visitors

The UAE also granted visas on arrival to Chinese citizens last year

Dubai’s Emirates says pilots, crew on US-bound flights adjusted after Trump order

A travel ban now exists on nationals from seven Muslim-majority countries

UAE hikes petrol prices for February

Petrol prices have been increased by an average of 4.6 per cent

Abu Dhabi lender Al Hilal Bank’s CEO steps down

Al Hilal’s CFO Craig Bell will assume the position of acting CEO

UAE residents found it harder to get loans in 2016 – report

The number of UAE residents applying for personal loans dropped in 2016

Trump to speak to Saudi, UAE leaders – White House

The talks follow an uproar in the Middle East over Trump’s policy to ban travellers from seven Muslim majority countries

Kenya blocks Emirates’ third daily Dubai-Nairobi flight

The service was announced earlier this month

UAE Air Force helps destroy Iranian military drone in Yemen

Yemeni forces detected the aircraft during surveillance

Finnish firm wins contract to build the UAE’s first floating homes in Dubai

The completed structures will be transported by sea to Dubai in Q3 2017

Whatsapp new privacy features

WhatsApp, Facebook most popular social media platforms in UAE

The least popular platforms were found to be Snapchat and LinkedIn

Etihad to deploy new Dreamliners on Levant, China routes

The airline will receive nine Boeing 787-9s this year

Dubai’s Mashreq Q4 net profit slides 20.7%

The lender made a net profit of Dhs441m in the three months to December 31

UAE, India sign major energy deal

The UAE is India’s fifth biggest oil supplier

Dubai real estate brokers earn 16% less commission in 2016 than 2013

The total value of commissions earned by brokers reached Dhs1.52bn

Abu Dhabi International Airport passenger traffic up 5.1% in 2016

Abu Dhabi carrier Etihad accounted for 76 per cent of the airport’s traffic

Dubai’s Emirates slashes US fares after opposition to new Newark service

The carrier was accused of violating its air services agreement after announcing a new service to Newark via Athens

Dubai Islamic Bank Q4 net profit rises 58.4%, targets 2017 loan growth

The bank made Dhs1.37bn ($373m) in the three months to December 31