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UAE

Free parking in Dubai during Hijri New Year holiday

All paid parking zones will be free across the emirate on Thursday

Emaar to develop waterfront residences, hotel at Dubai Harbour

The hotel will be operated by Emaar’s Address Hotels + Resorts

Retailer Alshaya invests in Alabbar’s Noon ahead of its launch this year

E-commerce site Noon was slated to launch in the UAE in January, but is yet to begin operations

Work begins on Dubai’s One Za’abeel Tower project

The mega mixed-use project will feature “the world’s largest cantilever”

UAE will defend industries after US dumping accusations

The U.S. Commerce Department said UAE exporters had sold wire rod products at 84.1 per cent below fair value

Etihad customers can now pay via credit card installment plans

The installment plans range from three to 60 months, the airline said

Dubai’s DP World unit, IGY Marinas to build superyacht marina project

The project in France will offer 12 superyacht berths for the world’s largest vessels

Dubai Parks operator takes Dhs245m loan from shareholder Meraas

The loan will be used to fund operational expenses and debt repayments

Dubai’s Atlas Jewellery still struggling to resolve debt issues

Atlas defaulted on loans in 2015 and its owner, M M Ramachandran, was sentenced to a three-year jail term

UAE confirms Islamic New Year holiday for public and private sectors

The UAE has declared a holiday on Thursday, September 21

Dana Gas sukuk UK trial adjourned until Thursday

Dana Gas shareholders on Sunday obtained an injunction from a UAE court to halt the UK proceedings

Islamic New Year likely to begin on Thursday as per new UAE Hijri calendar

Public and private sector workers in the UAE will receive the first day of Muharram as holiday

Nakheel assesses construction bids for RIU resort at Deira Islands

The lowest bid for constructing the 800-room resort stands at Dhs363m

Dubai’s Five Holdings repays Dhs1.1bn financing over a year ahead of schedule

The financing was used to build the company’s projects in Palm Jumeirah and Jumeirah Village

Almost 50% of UAE workers expect salaries to rise in next six months

Survey also finds that 63 per cent expect their family’s financial position to “improve” in the next six months

Abu Dhabi Financial Group plans $100m private bond sale

The privately owned investment company has over $5bn of assets under management

Viceroy denies allegations of US lawsuit filed by Dubai’s Five Holdings

The lawsuit relates to the management of a luxury hotel in Palm Jumeirah

Dubai’s ruler launches free education project

The project aims to translate 11 million words of math and science material to Arabic

Abu Dhabi Global Market, KPMG select 11 finalists for fintech challenge

Two winners will be selected and invited to demonstrate their solutions at the Global FinTech Hackcelerator in Singapore

DP World to buy Dubai Maritime City, Drydocks World for $405m

Both deals are expected to close before the end of the first quarter of 2018

Microsoft launches new Surface Pro in the UAE, price revealed

The new Surface Pro comes with 50 per cent more battery life than its predecessor

Dubai’s DIFC Courts can now handle complex construction, technology disputes

The Technology and Construction Division features specialist judges and a new set of industry-specific rules

Abu Dhabi bank ADCB’s services will be unavailable for three days

The bank is carrying out a system enhancement during the end of the month

UAE’s Emaar Properties gets $1.5bn loan from First Abu Dhabi Bank

Emaar Properties plans to launch an IPO of its local real estate development business by November

Dubai’s DP World says won’t renew Indonesia port contract

The announcement comes after DP World confirmed a deal with the Indonesian government to advise on port development in July

Creditor support grows for Dubai’s GGICO $572m debt deal

The deal is set to achieve the target of 75 per cent creditor support by the end of the month, sources said

Dubai adds 50 Tesla electric vehicles to taxi fleet

The RTA signed a deal for 200 Tesla vehicles in February

UAE announces public and private sector holiday for Islamic New Year

The first day of Muharram will be determined by the UAE’s moon-sighting committee

Middle East VC firm MEVP invests in online travel site Wego

The investment was made in exchange for an equity ownership in Wego

Dubai’s RTA uses ’emojis’ to warn drivers to slow down near schools

The RTA has set up smart signs near schools in Dubai