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Abu Dhabi’s new financial freezone starts accepting licence applications

Abu Dhabi Global Market is preparing for its launch in the second half of 2015

Open skies with GCC crucial for US economy – senior Boeing official

Three US carriers are calling for an end to the US’ open skies agreement with the UAE and Qatar over a subsidies row

Dubai hotels: Doors wide open, but are people coming?

Dubai’s hotel operators have traditionally seen high levels of occupancy. But with currency devaluation and growing supply, how is the industry coping?

Nakheel makes Dhs220m sukuk profit payment

The profit payment will be made to all sukuk holders on June 15, 2015 against the sukuk issued amount of Dhs4.4 billion

Dubai hotels saw revenues drop between Jan-Apr – EY

The recent drop in oil prices along with a decrease in travel from Russia and Europe caused the slump

Gulf states defend Qatar 2022 World Cup

The UAE’s and Qatar’s official news agencies said Gulf information ministers had called Qatar’s winning of the hosting rights “a success for all the states of the GCC”.

Jean-Georges Dubai Opens JG Dining Room

Michelin-star chef’s arrival raises the stakes in city’s competitive F&B scene

Luxury Belgian chocolatier Godiva plans major UAE, Saudi expansion

The company aims to double the number of outlets in the UAE and Saudi Arabia in the next six to 12 months

Emirates Global Aluminium says to cut 4% of workforce

The move, which would see around 250 support positions eliminated, is aimed at creating a leaner entity and increasing competitiveness.

Abu Dhabi ruler issues law to regulate property market

According to the decree, all real estate developments must be registered with the government along with sales transactions listing the buyer.

Royal Enfield opens first store in Dubai

The store will sell Enfield’s popular bikes such as the Bullet, the Continental GT 535cc café racer, the Rumbler and the retro street model Classic.

Abu Dhabi’s Royal Jet gets $117m loan to fund aircraft buys

The two Boeing 737-700 BBJ aircraft are due for delivery in September and December

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.