Abu Dhabi National Oil Co. hired Philippe Khoury, formerly an energy banker at HSBC Holdings Plc, to head up its new unit for trading crude oil and refined products. State-owned Adnoc is bolstering its capacity to buy and sell crude and fuels as it expands …
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Emirates Islamic Bank rewards saver with Tesla car
Dubai: A saver in the UAE now gets to drive around a new Tesla car, which he won in a raffle after opening a savings account with a local bank. Ahmad Hamad Al Suwaidi, a UAE national, is the first saver to win the five Tesla cars that Emirates Islamic Bank …
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Dubai to launch a digital bank for art that uses cryptocurrency
Because paying for a painting with cash or cheque is so passé. There’s now a new way for people to purchase artwork in Dubai – by using cryptocurrency. The Dubai Culture and Arts Authority (Dubai Culture) last week launched a new platform called …
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Q1 results point to strong start for UAE lenders
would have some impact on the profitability of UAE banks, early bank results indicate a strong outlook for the sector. Leading UAE banks that have reported that their first-quarter results show a steady improvement in interest margins, as well as a decline …
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VIP Terminal at Abu Dhabi International Airport Achieves ISO 9001 Certification
Abu Dhabi Airports announced yesterday that its VIP Terminal at Abu Dhabi International Airport has been awarded the ISO 9001:2015 certificate, the international standard for Quality Management System (QMS) for VIP lounge and “meet and assist” services …
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Abu Dhabi International Airport welcomed 1.87 million passengers in March
More in this category: « Statement from Abu Dhabi Airports VIP Terminal at Abu Dhabi International Airport Achieves ISO 9001 Certification »
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Morrocan artist, 34, dies in Dubai
who died of cardiac arrest in Dubai on Sunday night. She was 34. The news of her sudden death in the UAE, where she has been living for many years, came as a shock to her fans and many celebrities in the Arab world. Al Dahmani, who was also a renowned TV …
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Dubai Property Developer Plunges as Shareholders Cut Dividend
Damac Properties Dubai Co. tumbled after its shareholders approved a lower dividend than what its board recommended for 2017. Shareholders at the real-estate developer approved a payout of 15 fils per share compared with the board’s recommendation of 25 …
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UAE Exchange, Travelex owner prepares for London IPO
The holding company Finablr will be incorporated in Britain, subject to regulatory approval, and will become the umbrella for United Arab Emirates-based business tycoon Bavaguthu Raghuram Shetty’s financial service brands. Shetty, UAE Exchange’s …
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UAE’s Rotana eyes expansion in Saudi Arabia, Africa
UAE-based Rotana considers Africa one of its main priority target markets outside the emirates, alongside Saudi Arabia, according to Rotana CEO Omar Kaddouri. Speaking to Arabian Business at the Arabian Travel Market in Dubai, Kaddouri noted that the …
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France’s Accor to open two MGallery hotels in Dubai
MGallery Business Bay, adjacent to the upcoming Marasi development, will have 144 rooms and occupy the same building as a Mama Shelter hotel previously announced by Accor last April. Read: Accor brings Mama Shelter hotel brand to Dubai It will have four …
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Qatar denies UAE, Bahrain allegation over military jets
and in a flying route close to that of the UAE civil aircraft.” Qatar said its jets’ mission “was known.” Bahrain’s state-run news agency early Monday identified the flight Sunday as going from Dammam, Saudi Arabia, to Abu Dhabi. Only Abu Dhabi-based …
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Warning: Fake real estate ads in UAE
Dubai: Before replying to that ad from your mobile phone about … which can even include eavesdropping, copying photos or publishing news, can be jailed for six months and face fines of between Dh150,000 and Dh300,000, according to the state news agency …
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UAE accuses Qatar fighters of flying near passenger jet
The UAE’s General Civil Aviation Authority said the alleged incident happened Sunday morning with a flight carrying 86 passengers. It said the fighters flew “less than 700 feet (210 metres)” from the Emirati plane. Bahrain’s state-run news agency early …
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Qatar denies its military planes intercepted UAE civilian aircraft
Qatar denied on Monday that its military planes had intercepted a civilian aircraft from the United Arab Emirates the day before, states news agency QNA reported, saying a UAE military plane had violated its air space at the time. The UAE had said a plane …
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Dubai’s Lisa Scott-Lee on Steps and dream reunions
In 5, 6, 7, 8, pop act Steps will arrive in the UAE. But first, ahead of their April 27 gig at Dubai Opera, founding member Lisa Scott-Lee tells Gulf News tabloid! what it was like to reunite with her band mates after a two-decade split — and what their …
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UAE says Qatari fighter jets intercepted civilian plane
UAE state news agency WAM reported. Quoting its civil aviation authority, the agency said the UAE civilian craft had to take evasive maneuvers to avoid a collision. It did not name the airliner involved. Both countries have accused each other of a series …
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