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Dubai’s Damac awards Dhs58.4m contract for villas at Akoya Oxygen

The contract has been awarded to Towers Technology Contracting

Dubai’s Drake and Scull to talk with banks about existing debt

The company has reported worsening earnings in nine of its last 11 quarters

Hyperloop One begins hiring as it prepares to open Dubai office in September

Hyperloop One is developing a system that will transport people between Abu Dhabi and Dubai in 12 minutes

UAE pledges $68m to support Syrian refugees

The UAE provided a total for $832m in aid for Syria by the end of 2016

Dubai residential rents won’t recover in 2017 – Core Savills

The company said a smaller tenant base and trend of owner occupiers would continue to impact demand this year

Dubai’s Nakheel awards $37m contract for Dragon City hotel

Work on the 304-room Premier Inn is set to begin in Q2

Dubai’s Emirates offers Surface tablets to passengers on US flights

Etihad and Qatar also introduced similar services last week

Dubai Police denies arresting hackers targeting White House

A report on Monday claimed the men were arrested in Ajman

Al Hilal Bank appoints new CEO

Former chief executive Khaled AlKhoori stepped down in late January

Hilton to open $43m DoubleTree hotel in Sharjah

The hotel, set to open in 2020, will offer 254 suites and serviced apartments

Apple reveals plans for new store in Dubai Mall

Apple currently has two stores in the UAE including one in Mall of the Emirates

Business activity growth in UAE’s private sector touches 25-month high

Business activity was led by new projects, a further general improvement in economic conditions and market demand

Dubai property market will see upturn in 2017- KPMG

Dubai plans to implement new rental law

Dubai Land Department also confirms year-on-year rise in the value of real estate transactions in Q1

Dubai Police arrest Ajman hacker group suspected of targeting White House

Three men have been detained and hacking software and millions of dollars in assets has seized

Dubai’s Noor Bank to get new CEO – sources

The head of corporate and investment banking at Mashreq will be taking on the role

In pics: Huge translucent dome to be part of Expo 2020 Dubai site

The Al Wasl Plaza will be located at the centre of the 4.38-square kilometre Expo site

Boat sailing from Dubai hijacked off the coast of Somalia

The boat had 11 Indian sailors onboard

Abu Dhabi Media relaunches Radio 1 and Radio 2

The two stations were previously operated by Gulf News Broadcasting

Abu Dhabi’s Etihad says bookings to US ‘healthy’ despite laptop ban

Last month, the US introduced a ban on most electronics from the cabins of passenger flights from the Middle East

Al Noor Hospitals Group rebrands as Mediclinic in Abu Dhabi, Al Ain

The two companies merged in February 2016

Revealed: The UAE’s top 10 salaries

The average monthly pay packet in the UAE rose 0.66 per cent in the last year from $11,276 to $11,350

Merged NBAD, FGB bank gets new name – First Abu Dhabi Bank

The new bank began trading on the Abu Dhabi Securities Exchange on Sunday

Australia to screen electronic devices on flights from UAE, Qatar

€œExplosive detection screening will be conducted for randomly selected passengers and their baggage

Dubai property market to ‘bottom out’ before end of 2017

The Burj Khalifa registered a 25 per cent drop in values in the last 12 months, making it the weakest performer across the city

Dubai reveals new holiday home regulation

Dubai FDI down nearly 11% in 2016

The emirate also saw nearly 11.5 per cent fewer new investment projects last year

UAE telecom operator Etisalat cuts GCC roaming tariffs

Data roaming charges have been reduced by close to 35 per cent from April 1

Abu Dhabi’s Aldar awards $136m contract for Mayan project

The contract will cover the construction of five 11-floor buildings comprising 512 units

Fire breaks out at building near Dubai Mall

The blaze erupted in a building under construction

Dubai Holding CEO and vice chairman step down

Dubai Holding’s previous chairman, Mohammed Abdullah al-Gergawi, resigned last month

UAE’s state-owned fund Mubadala plans overseas investments

The fund may also sell or reduce some of its existing stakes in companies