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UAE Looks East, Eyes Larger Trade With China

The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.

Abu Dhabi Expat Dies Of MERS

The 38 year-old man developed symptoms on December 29, 2014 and passed away on February 6 this year.

Pay TV Network OSN To Launch WWE Channel In The Middle East

OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.

Dubai Parks & Resorts Projects Revenues Worth Dhs2.4bn In First Year

The company said that its revenues will mainly originate through ticketing, hotels and retail segments in the project.

Emirates’ Sheikh Ahmed Challenges US Airlines To Reclaim Marketshare

The airline chief said that the US carriers underestimated the level of competition when they signed the open skies policy in 1999.

Stock News: Gulf Bourses Pull Back After Oil Tumbles

Brent oil is back around $55 per barrel after a loss of as much as three per cent on Wednesday.

Abu Dhabi’s Aldar Says Mega-Mall Revenue Will Help Cut Debt In 2015

The developer reported a 61 per cent jump in quarterly profit.

UAE Creates ‘CEO Of Innovation’ Post For Government Agencies

The move is expected to help the UAE become the world’s most innovative nation by 2021, said Deputy PM Sheikh Mansour.

Abu Dhabi’s Aldar Q4 Net Profit Rises 61%

The company’s annual profit was Dhs2.24 billion in 2014, almost flat compared to Dhs2.25 billion in 2013.

Dubai’s ENBD Raises A$450m Via Longest Kangaroo Bond From Middle East

ENBD raised A$400 million from its last kangaroo bond issue in April last year.

Online Food Delivery Firm Foodpanda Acquires UAE’s 24h.ae

Food delivery business 24h.ae, founded in 2011, will continue with the current management and team.

Danube Properties Begins Work On Dreamz And Glitz Projects

The company said that its Dreamz and Glitz projects are on track to be completed by 2016 and 2017 respectively.

Dubai Named The Most Sustainable City In The Region

Dubai was ranked 33rd globally in a newly launched sustainability index, closely followed by Abu Dhabi at 34.

gender gap 2022

Sheikh Mohammed Forms New Council To Address Gender Gap

The new body aims to boost the UAE’s efforts to improve women’s role in the country and the economy.

UAE’s Tabreed Says Reappoints Steve Ridlington As CFO

Ridlington, who was CFO from 2009 to 2011, will replace Adrian Kershaw, who will remain at Tabreed until the end of March.

Shuaa Capital Unit Eyes Saudi Leasing Market With New Licence

The licence will allow the firm to fund small businesses and help finance cross-border deals between Saudi and the UAE.

US Airlines Disclose Details Of Bookings Lost To Qatar, UAE Carriers

US airlines are stepping up efforts to persuade the American government to alter or terminate the Open Skies pacts.

Rights Group Says Workers Still Abused At Abu Dhabi Louvre Project, Company Denies

Human Right Watch conceded there had been some improvements for workers, who mostly come from India, Pakistan, Bangladesh, Sri Lanka, and Nepal.

UAE Launches ‘Robots For Good’ Award With Prize Money Of $1m

The awards will be held on an international and national basis, and the winners will be announced next year.

Emirates Group To Hire 11,000 Staff In 2015

The recruitment will increase the size of the group’s workforce by six per cent by March 2016.

Saudi Central Bank Predicts Stable Inflation In Q1

The annual Saudi inflation rate was 2.4 per cent in December, the lowest level since at least September 2012.

Dubai Mall Sees 80m Visitors in 2014

Around 60 per cent of mall visitors last year were UAE residents and other GCC tourists while the remaining 40 per cent were tourists from across the world.

Dubai’s Jumeirah Group Says To Almost Double Hotel Portfolio By 2018

The group plans to open 20 hotels by 2018, its chief executive said.

UAE Says Its Jets Resume Airstrikes Against ISIL

The UAE had suspended participation in coalition air strikes against IS for several weeks over pilot safety concerns.

Dubai To Become Centre Of The World By 2100

A population boom in Asia and Africa will make Dubai an important global hub by 2100, an expert predicted.

Dubai Holding Has No Plans To Float Firm Or Its Units -CEO

Dubai Holding also has no plans to raise cash at the parent level as it seeks to reduce its debts, its chief executive said.

Dubai To Rank Among World’s Top Happiest Cities In 10 Years

The emirate’s smart city agenda will help it rise on the happiness index, said Ahmed Bin Byat, CEO of conglomerate Dubai Holding.

Dubai Airports Cargo Volume Jumps 18% In 2014

Combined cargo volumes at Dubai International Airport and Al Maktoum International rose to 3.13 million tonnes last year from 2.65 million tonnes in 2013.

UAE’s ADNOC Inks $500m Technical Agreement With Oxy

ADNOC holds a 70 per cent share in the fields development venture, while Occidental holds 30 per cent, a statement said.

Abu Dhabi Gas Firms Award $1.6bn Expansion Contracts

The contracts were awarded to a consortium involving Italy’s Maire Tecnimont and Greece’s Archirodon, Spain’s Tecnicas Reunidas, and the UAE’ National Petroleum Construction Co.