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Emirates airline sees more opportunities to fly in Europe

CEO Tim Clark says governments, airports and organisations in Europe frustrated with local airlines have asked Emirates to start offering international service

UAE’s Masdar in talks with Germany’s RWE on green energy projects – source

RWE’s CEO Peter Terium had said earlier that the company was in talks with an Abu Dhabi investor regarding joint renewable energy projects, but declined to reveal its identity.

Video: flydubai’s latest 737 takes shape in Boeing’s Renton factory

Boeing’s 737 manufacturing facility in Renton produces 42 airplanes every month

UAE fixes price of 3,500 food items before Ramadan

The ministry said that it has signed a deal with retailers to offer discounts of up to 70 per cent during Ramadan on about 4,700 essential food items.

Emirates signs codeshare deal with Europe’s Flybe

The deal, due to be implemented in July, provides the Dubai carrier with greater access to the UK and Europe

Emirates airline says to submit response soon in Open Skies row

The official did not specify a date by which the airline would file its responses to subsidy allegations

DIFC announces 10-year plan, says will triple in size by 2024

The financial free zone hopes that Dubai’s financial sector will raise its GDP contribution to 18 per cent over the next 10 years

Abu Dhabi airport passenger traffic up 15.5% in April

The busiest routes in April were London Heathrow, Bangkok, Manila, Doha and Mumbai.

Qatar, UAE ranked MENA’s most productive internet economies

New report identifies Sweden as the world’s most advanced and productive internet economy

Tropical storm Ashobaa expected to have indirect impact on UAE

The storm, which could make landfall in Oman, is expected to cause sea levels to rise in the UAE’s east coast

UAE leisure market to attract 45m visitors by 2021

The country’s under development theme parks are also expected to attract about 18 million visitors, a new report shows

Dubai’s Access Infra to launch solar plant in Uganda this year

The project is part of the company’s plans to develop electricity projects in 17 African countries, mainly based on renewable energy

Dubai’s non-oil business growth picks up but still weak

Construction was the best performing sector in terms of output and employment growth in May, a new survey shows

Damac awards contracts worth Dhs 2.8bn in five months

Awards include the main works packages of some of Damac’s residential units in Akoya project and its hotel apartment projects

Sheikh Mohammed approves housing projects worth Dhs 3.6bn

The projects are part of Mohammed bin Rashid housing establishment and will be built for local families

UAE may give central bank role in setting monetary policy – governor

The government currently takes most decisions regarding the UAE’s monetary policy.

UAE residents spend an average of Dhs 120 per head on eating out – survey

Up to 66 per cent of UAE residents have dinner out at least once in a week, a survey by KPMG has found

Etihad Airways in expanded codeshare deal with Air France-KLM

The two carriers will share codes on more flights starting this year, opening more European cities to the Abu Dhabi-based airline’s customers.

Dubai’s IMG awards construction contract for City of Arabia project

The deal to construct the Avenue 353 villa project has been awarded to McFadden International Construction Group.

UAE’s National Drilling Co. signs $543m in deals for 14 new rigs

One offshore and one onshore rig will be manufactured in the UAE as part of the deals.

Boeing on track to deliver flydubai’s first 737 MAX in 2017

Testing of the new aircraft is slated to begin in the first half of 2016.

Emirates obtains naming rights for UK’s Spinnaker Tower

The structure, situated in Portsmouth, will be renamed Emirates Spinnaker Tower and rebranded in red.

Cheap oil to push UAE into first fiscal deficit since 2009 -IMF

The UAE’s consolidated fiscal balance is expected to swing to a deficit of 2.3 per cent of gross domestic product in 2015 from a 5.0 per cent surplus last year, the IMF said.

Mubadala GE joint venture says looks at options for future structure

The joint venture was studying options in the wake of the U.S. conglomerate’s decision to exit most of its GE Capital operations.

Global nuclear power sector rebounds as Fukushima horrors fade

While some countries have rolled back their nuclear plans, others like the UAE are steaming ahead.

Growing regional turmoil challenges UAE’s safe haven status

The UAE was a safe haven for both Arab and foreign investors during the Arab Spring. But as regional tensions loom bigger, will the country be able to uphold that title?

With oil low, wealthy Abu Dhabi tightens belt a notch

Less money is going towards high-profile investments abroad and there is a renewed emphasis on developing the domestic economy, bankers and businessmen say.

Etihad-backed Alitalia unveils new cabins, services and livery

Seats and services are now more closely aligned with partner Etihad.

Emirates inks air-rail codeshare with France’s SNCF, adds 19 new destinations

The deal will help boost Emirates network in France and ease connectivity for passengers.

Dubai Parks and Resorts begins leasing retail, dining units in Riverland

The entrance plaza will feature about 50 dedicated outlets along with various street dining options.