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Alabbar-led group buys major stake in Kuwait’s Americana for $2.4bn

The Dubai-based investment group named Adeptio has bought the stake from the Kharafis

Abu Dhabi banks NBAD, FGB in early merger talks

The possible merger could be made as soon as this month

New UAE draft law calls for ban on exotic animal ownership

Failure to keep pets under control can also result in fines up to Dhs 500,000 for owners

UAE introduces VAT threshold for firms in phase 1

The first phase covers companies with annual revenues exceeding Dhs 3.75m

Dubai Parks and Resorts mulls company name change

The theme operator said it is awaiting shareholder approval to change its name to dXb Entertainments

UAE says war has ended for Emirati troops in Yemen

The country said it will continue to help ‘rebuild Yemen’

Profit at Abu Dhabi's Mubadala climbs 12.4%

Abu Dhabi’s Mubadala appoints new CEO for energy portfolio

Ahmed Saeed al-Calily will oversee Mubadala’s energy portfolio, which includes Mubadala Petroleum and Masdar

Aldar says phase one of Yas Acres sold out for Dhs 1bn

Second phase of the Dhs 6bn project to go on sale on June 18

Mandatory midday break begins in the UAE

Non compliance with the summer break rule could result in a fine of up to Dhs 50,000

Abu Dhabi to levy Dhs 35 airport fee

The fee will be imposed on passengers from July

Emirates to deploy A380 on Moscow route

The Dubai airline will upgrade one of its two daily flights to Moscow from December 1

Dubai’s ENOC gets $230m loan from China’s ICBC

The five-year loan will help ENOC fund new projects and expansion plans

Revealed: Best private schools in Dubai

The ranking is based on KHDA’s annual review of schools in the emirate

UAE salaries to rise 4.6% in 2017, down from 4.9% in 2016

New report says employees in Saudi, Qatar and Kuwait can expect higher wage hikes next year

Etihad Flight College adds new trainer aircraft to fleet

Etihad Flight College will be the world’s first flight school to use the Phenom 100E in the initial phase of training

Two killed in UAE helicopter crash during Yemen mission

The pilot and co-pilot were among the UAE forces taking part in the Saudi-led operations in Yemen

UAE online platform TV.ae to help boost Arabic talent

Marwan Saab, chief creative officer of the newly launched platform TV.ae, is hoping to bring to bring a new generation of Arabic talent to the regional and international stage

Dubai’s Nakheel awards Dhs 4m contract for Deira Islands

The contract is for work on a sewage treatment plant at the Deira Islands development

Emirates stowaway teenager sent back to China without charge

The boy allegedly made the journey after hearing that beggars can make a lot of money in Dubai

Dubai airport passenger traffic climbs 7.2% in April

Double-digit growth in traffic to and from Eastern Europe and Asia led to the rise

Dubai-based pay TV network OSN appoints new CEO

Martin Stewart replaces David Butorac, who served as OSN’s CEO from 2010.

First Avani hotel in the Middle East to open in Dubai in July

Minor Hotels brand taking over the management of Movenpick Deira

UAE, Saudi condemn deadly terror attack in Orlando

The attack at the Pulse club on Sunday left 49 people dead

ENOC group CEO appointed Gulf Energy Maritime chairman

Saif Humaid Al Falasi takes over the post from IPIC’s Khalifa Al Romaithi

Emirates’ dnata acquires stake in Destination Asia

The acquisition marks dnata’s first foray into Asia’s inbound travel market

Dubai’s Meydan raises Dhs 1bn Islamic financing

The money will help strengthen Meydan’s capital structure and support new projects

Pilot, co-pilot die in UAE military helicopter crash

The helicopter crashed over international waters during a routine flight

Dubai’s ruler approves Dhs 335m RTA Expo 2020 control centre

The new five-storey building will help manage public transport systems required for Expo 2020

Dubai briefly shuts airspace after unauthorised drone activity

The shutting of the airspace around noon on Saturday caused several flight disruptions

Sandstorm warning issued for the UAE

Motorists cautioned as northwesterly winds are expected to stir up dust clouds across the country