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UAE

Abu Dhabi’s Eagle Hills secures $82m loan for Address Fujairah resort

The project is expected to be completed in 2019

Dubai FinTech Hive accelerator selects first 11 finalists

The group will engage in a 12-week programme before pitching to investors

Invest Group Overseas launches $136m Dubai tower

The company said it planned to invest Dhs2bn in projects in the build up to 2020

UAE President issues federal excise tax law for tobacco, soft drinks

The excise tax will be imposed on tobacco products, energy drinks and certain soft drinks

Job losses, income cuts weaken property demand in Abu Dhabi

Sales prices are expected to continue falling over the next six to 12 months

Abu Dhabi’s Etihad delays appointment of new CEO

Etihad appointed Ray Gammell as interim Group CEO in May to replace James Hogan

Drake & Scull unit wins Dhs175m contract in Dubai

The contract has been awarded by Orion Real Estate Development to build the West Bay residential tower

Fire breaks out at construction site in Dubai’s Jumeirah district

No injuries were reported in the blaze at the under-construction shopping centre.

Four arrested in Abu Dhabi for ‘offensive’ YouTube video

Three men and a woman have been charged with violating ‘public morality’

Dubai’s DGCX, Saudi firm plan sharia-compliant spot gold contract

Demand for gold jewellery is high in the GCC

Dubai Parks to open new attractions, cuts ticket prices for UAE residents

Dubai Parks said it is set to open its new Lionsgate zone at the Hollywood-themed Motiongate park

Dubai Aerospace is now one of the world’s largest aircraft lessors

DAE has completed the acquisition of Dublin-based AWAS

Pictures: Wyndham opens world’s largest Tryp hotel in Dubai

The 650-room hotel is located in Barsha Heights

Pictures: Dubai’s Emaar, Meraas announce new mall

Dubai Hills Mall is the centre piece of the Dubai Hills Estate master project

Abu Dhabi’s Masdar to build GCC’s first large-scale wind farm in Oman

The 50MW wind farm is expected to supply electricity to an estimated 16,000 homes when complete

Dubai to begin monitoring heavy vehicles

Older heavy trucks are being fitted with monitoring devices from this month

GCC project awards fell in H1, but expected to pick up

Saudi was the only regional country where contract awards rose 12 per cent from a year ago

UAE insurance market ‘not yet saturated’- global executive

The country is estimated to have over 155 providers

UK luxury retailer Fortnum & Mason closes its Dubai store

The multi-level store in Downtown Dubai was opened in 2014

BMI lowers Abu Dhabi GDP growth forecast for 2017

The firm said increasing oil production should boost growth next year

Education in the UAE costs over Dhs528,000 per child – report

Pre, primary and secondary school costs in the country add up to an average of Dhs528,486 per child, says Zurich study

Emirates to operate extra flights to Jeddah, deploy A380 to Medina for haj

Emirates will operate 45 additional flights to Jeddah and 12 extra flights to Medina from August 17 until September 11

Dubai’s RTA to allow motorists to change their licences without classes

It will soon be easier for motorists holding a licence for automatic transmission cars to convert their licences to manual transmission

Dubai’s DIFC says Gate Avenue project on track to open in 2018

The project will feature over 200 dining, boutique, retail and entertainment options

Developer Sobha Group plans Oman project, to expand outside real estate

Sobha is planning a push into a less “cyclical” business area, its chairman has said

Drake & Scull to proceed with Dhs233m contract for Fairmont Abu Dhabi

The contract was initially awarded in July 2013, with the work scheduled for completion by June 2015

Expo 2020 Dubai seeks merchandise manufacturers in apparel, homeware

The Expo team is looking for producers of “authentic, local items”

Dubai Lamp to become mandatory for new buildings by year-end

The government eventually plans for 80 per cent of buildings in Dubai to use the lamp

Abu Dhabi mulling two major cable car projects

The projects are being proposed at Al Maqtaa and at the Al Bahya Corniche

Etihad exploring options for leisure airline Niki

The Abu Dhabi airline bought Niki from Air Berlin for $351m earlier this year