Abu Dhabi residents have welcomed the changes in public bus services that include changes in bus lines and increasing the frequency of buses, starting from this Eid holiday. In a move aimed at enhancing and upgrading the bus transport network and by …
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UAE reinforcements in Eritrea ready to join Hudaydah battle
These are external links and will open in a new window Military sources here in the United Arab Emirates (UAE) have told the BBC that a major force of Yemeni, UAE and Sudanese troops is on standby in Eritrea to take part in a final push to retake Hudaydah …
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UAE’s Central Bank raises interest rates
The Central Bank of the UAE (CBUAE) has announced that it will raise interest rates applied to the issuance of its certificates of deposits as of today. The move follows the Federal Reserve Board’s decision to increase the Federal Funds Rate by 25 basis …
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New UAE 10-year visa plan creates ‘buzz’ in property market
More business owners could be tempted to buy office space in the UAE rather than rent following the UAE’s recent decision to make major changes to rules around visas and foreign ownership of companies. The new laws, which have the potential to bring about …
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Dubai’s Nakheel mulls 11 bids to build Dragon Towers project
A second hotel is currently under construction. 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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New UAE employee fees and visa scheme set to aid private sector
The UAE introduced a string of business reform measures late on Wednesday, including the reworking of business fees to hire private sector workers and more flexible visa regulations. Sheikh Mohammed Bin Rashid Al Maktoum: “The UAE is among the 10 most …
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ROUND-UP: Dubai warehouse rooftop, Colombian mounts, Uttar Pradesh canals
11 June: Dubai-based rooftop solar joint venture SirajPower has signed a leasing contract for a 2.1MW rooftop PV project with Landmark Group, one of the biggest multinational conglomerates and retailers in the region. Under this new partnership …
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UAE Central Bank follows Fed and raises key interest rate by 25 basis points
The Central Bank of the UAE increased its benchmark interest rates by 25 basis points mimicking the US Federal Reserve, which increased on Wednesday its rates for the second time in 2018, with two more expected this year. The UAE’s central bank hiked the …
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Goldman, HSBC Said to Help Abu Dhabi on $20 Billion Refinery
Banks advising on stake sale as oil giant pushes into products Goldman Sachs Group Inc. and HSBC Holdings Plc are advising Abu Dhabi’s government-owned oil company on the possible sale of a stake in its $20 billion refining unit, according to people with …
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Abu Dhabi’s Etihad Airways posts losses for consecutive year
Revenue, meanwhile, inched higher from $5.9 billion in 2016 to $6.1 billion in 2017. The Abu Dhabi-based airline’s second consecutive annual loss comes as the long-haul carrier reduced its aircraft fleet from 119 to 115 last year. Some 18.6 million …
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Abu Dhabi closes in on stake in £3bn pensions giant
Sky News has learnt that the Abu Dhabi Investment Authority (ADIA) has entered exclusive talks to acquire JC Flowers’ 21.4% shareholding in Pension Insurance Corporation (PIC). A deal, which could be struck in the coming weeks, is expected to value PIC …
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Abu Dhabi approves plan for new public-private schools
reported state news agency WAM. The new model, proposed by Dr Ali Rashid Al Nuaimi, chairman of the Department of Education and Knowledge, is part of the Abu Dhabi Development Accelerators Programmes, launched by Sheikh Mohamed bin Zayed Al Nahyan …
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Abu Dhabi cuts tourism and municipality fees at hotels
The Abu Dhabi Executive Committee has approved a proposal to reduce … while municipality fees have been cut from 4 per cent to 2 per cent, official news agency WAM reported. The Committee also approved a proposal to reduce municipality fees for hotel …
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Hyatt Announces Plans for Andaz Capital Gate Abu Dhabi, Will Mark the Andaz Brand’s Entry into the Middle East
The hotel is owned by Abu Dhabi National Exhibitions Company (ADNEC) and is expected to be rebranded in late 2018. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180610005017/en/ The word andaz …
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Abu Dhabi orders over $1b in housing loans to be distributed to citizens
According to the UAE’s state-run WAM news agency, the loans mark the first phase of an … for citizens to buy ready houses in various parts of Abu Dhabi. Additionally, Sheikh Mohamed sanctioned projects to build government houses in several parts …
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Abu Dhabi Crown Prince holds meeting with Yemen’s President Hadi
Abu Dhabi Crown Prince Mohammed bin Zayed al-Nahyan received President … ways to enhance bilateral ties as well as current developments in Yemen, the UAE’s news agency Wam reported. “Sheikh Mohammed reiterated that thanks to the gallantry and …
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Abu Dhabi to allow alcohol sales during Islamic holidays
Read: Abu Dhabi to introduce 30% alcohol tax Tourism fees in the UAE capital have also been reduced from 6 per cent to 3.5 per cent, while municipality fees have been cut from 4 per cent to 2 per cent, official news agency WAM reported on Tuesday.
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