Dubai: Hundreds of commuters and motorists were stuck in major traffic jams during the morning rush hours on Monday as the UAE’s dusty weather continued, but flights operating in and out of Dubai have returned to normal. Residents experienced some …
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Yemen, UAE reportedly reach deal over island
to withdraw the UAE forces from the strategic Socotra Island, according to Yemen’s official Saba news agency. Tensions have mounted between Yemen and the UAE in recent days, when the latter sent a military force to Socotra without prior coordination with …
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UAE’s Dana Gas agrees with creditors on $700 mln sukuk restructuring
DUBAI: Energy producer Dana Gas reached agreement with creditors … Its shares jumped 4.8 percent in early trade on Sunday in response to news of the deal, which it said could cut its debt by up to $385 million.
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US and UAE sign agreement to resolve Emirates, Etihad subsidy claims
The United States and United Arab Emirates signed a deal on Friday to resolve US claims that Gulf carriers have received unfair government subsidies, the US State Department said. The voluntary agreement, which applies to Etihad and Emirates airline …
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Expo 2020 Dubai spending to drive growth in Dubai economy, says IMF
In the long term, Tamirisa said that VAT is expected to raise revenues by 1.5 percent of GDP. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
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United Arab Emirates shares mixed at close of trade; DFM General up 0.36%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Services, Finance & Investment and Transport sectors propelled shares higher while losses in the Consumer Staples, Real Estate & Construction and Telecoms …
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Dubai Waterfront Projects Attract Strong Buyer Interest
In the recent past, this has manifested itself in the form of Dubai Properties’ 1/JBR, Meraas’ Bluewaters Island and Nikki Beach, Sobha Group’s District One and Hartland in MBR City, and the most recent Tilal Al Ghaf announced by the Majid Al Futtaim …
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UAE seeks India’s help in frontier technology: Pradhan
Dubai [UAE] May 13 (ANI): Union Petroleum and Natural Gas Minister Dharmendra Pradhan has said that the United Arab Emirates (UAE) has sought India’s help in the Frontier Technology. Pradhan informed this after meeting with UAE Minister for Minister of …
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Abu Dhabi Jumps Into Middle East Oil-Refining Rush
Abu Dhabi’s national oil company said Sunday it would spend $45 billion over the next five years to join other giant, state-run petroleum giants, like Saudi Aramco, in refining much of their own crude instead of just exporting it. ADNOC, as the company …
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Abu Dhabi’s Eshraq Properties swings to Q1 profit
Eshraq Properties (Eshraq), an Abu Dhabi-based real estate company, has achieved a net profit of Dh7.75 million ($2.2 million) for the first quarter compared to a net loss of Dh950,000 ($258600) for the same period last year. The real estate company listed …
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Dubai’s Mall of the Emirates car park gets solar retrofit
RELATED ARTICLES: Mall of the Emirates opens Tesla charging stations | France’s Switch Made retrofits Dubai Mall façade lighting | DEWA to install solar panels for free for UAE nationals in Hatta More than 7,000 solar panels have been installed at the …
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Abu Dhabi’s Adnoc Looks to India Amid $45 Billion Refining Push
Abu Dhabi National Oil Co. is looking into acquiring a stake in an Indian refinery as it plans to invest $45 billion at home to expand its Ruwais refining and petrochemicals complex. The government energy producer known as Adnoc is considering, among other …
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Trio flew to Dubai for revenge killing
Dubai: Three visitors have been accused of premeditatedly murdering a businessman in Dubai in a revenge killing. The businessman had killed the brother of one of visitors in 2005. The Pakistani trio, aged 32, 30 and 46, were said to have flown specifically …
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Dubai Police plans driverless patrol vehicles
Dubai Police General Command has signed an agreement with Acacus Technologies, a home-grown technology leader, to have driverless patrol vehicles on Dubai roads by 2020. The driverless vehicles are planned to be on Dubai roads phase-wise. The first phase …
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Islamic Finance: Dubai a Rising Economic Power
H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of Dubai Executive Council has stated that Dubai’s rising global rankings in a range of economic indicators show that it is closing the gap with the world’s most …
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Expenses rising? Here’s how to avoid getting broke in UAE
Dubai: The high cost of living is always a personal finance issue for many people in many parts of the world. Households constantly worry about how they can keep a roof over their heads, put food on the table or send their children to school without …
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UAE’s Dana Gas agrees $700m sukuk restructuring deal
Dana Gas has reached agreement with creditors on restructuring $700m of sukuk, it said on Sunday, potentially ending a protracted legal battle that unsettled the global Islamic finance industry. The United Arab Emirates energy company said in June that it …
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