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Posted on 13/11/2017

Swiss journalists detained, interrogated in Abu Dhabi

13 Nov 2017 09:31 GMT The journalists were accredited to cover the opening of the Abu Dhabi Louvre and interview its architect, Jean Nouvel [Satish Kumar/Reuters] Authorities in the United Arab Emirates have detained two journalists working for Swiss …
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Posted on 13/11/2017

SMEs set to play key role in UAE’s space programme – official

“But also, we can get graduates to come with STEM (science, technology, engineering and maths) backgrounds, to start opening their own businesses which would support the Mohammed bin Rashid Space Centre and the UAE Space Agency,” he added. “Instead …
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Posted on 13/11/2017

Dubizzle acquires two Dubai-based companies

“We are proud to invest in their people, technology and future,” he added. “These acquisitions are a testament to our drive to be the number one property platform in the UAE and puts us at the forefront of market innovation.” Dubizzle’s …
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Posted on 13/11/2017

Sharjah Transport Solutions To Work With Careem For More Mobility Options In The Emirate

Under the directives of Sheikha Bodour Al Qasimi, Chairperson of the Sharjah Investment and Development Authority (Shurooq), the “Sharjah Transport Solutions”, the managing transportation unit of Shurooq Al Emarat signed an operational contract with …
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Posted on 13/11/2017

Arada in record Sharjah apartment unit sales

Arada, the UAE’s newest developer, said it has sold all the 115 apartment units within Areej 5 block in the first phase of Aljada, the largest mixed-use project in Sharjah, thus breaking the record for the sale of number of homes te emirate on a single day.
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Posted on 13/11/2017

Sharjah’s Al Ittihad Road to temporarily close

Gulf News previously reported that the bridges is expected to be equipped with elevators and shaded walkways to ensure accessibility for elders, and for people with special needs. On its official Twitter account, the Sharjah RTA said Al Ittihad Road will …
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Posted on 13/11/2017

UAE’s state-owned oil company is poised to sell at least 10% of its fuel distribution unit

Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates (UAE) oil giant, said Monday it plans to sell at least 10 percent of its stake in its fuel retail business in an initial public offering (IPO) next month. The listing will be on the Abu Dhabi …
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Posted on 13/11/2017

Abu Dhabi oil company to put fuel stations on stock market

DUBAI, United Arab Emirates — The state-run Abu Dhabi National Oil Co. will put a minority stake in its gas station subsidiary up on the local stock market. The company made the announcement on Monday, saying at least 10 per cent of ADNOC Distribution …
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Posted on 13/11/2017

Dubai wants guarantee on A380 output before placing new order

DUBAI (Reuters) – Dubai wants a guarantee that Airbus (Paris:AIR.PA – News) will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world’s largest jetliner, the airline’s president said …
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Posted on 13/11/2017

Dubai raises stakes in talks for A380 lifeline order

DUBAI (Reuters) – Dubai wants a guarantee that Airbus (AIR.PA) will keep production of the A380 superjumbo open for at least 10 years before state-owned Emirates places a new order for the world’s largest jetliner, the airline’s president said on …
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Posted on 13/11/2017

Dubai Airshow 2017: Jetex announces expansion of fixed base operations

Jetex Flight Support will build an aircraft hangar at the Jetex fixed based operations terminal near Al Maktoum International Airport in Dubai South Aviation District. The news underlines the strength and position of Jetex as it continues to expand both …
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Posted on 13/11/2017

Holding hands, drinking wine and other ways to go to jail in Dubai

DUBAI, UNITED ARAB EMIRATES: A Scottish electrician named Jamie Harron, visiting Dubai as a tourist, was sentenced to three months in jail for touching a man in a bar. The British head of a professional soccer team, David Haigh, was ordered jailed for …
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Posted on 13/11/2017

Boeing kicks off 2017 Dubai Airshow with $15 billion deal

The value of the whole deal at current list prices is around 1.9 billion dollars, the news agency said, citing a Boeing executive. American plane manufacturer Boeing Dubai’s Emirates airline unveiled a provisional $15.1 billion order for 40 of Boeing’s 787 …
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Posted on 13/11/2017

Dubai Air Show lifts off with Emirates’ $15.1-billion Boeing 787-10 deal

DUBAI, UNITED ARAB EMIRATES—Long-haul carrier Emirates purchased … The deal appeared to surprise Boeing’s archrival Airbus, whose staff had attended a long-delayed news conference and left the room just moments before the announcement.
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Posted on 13/11/2017

Dubai Airshow 2017: Emirates places $15bn Dreamliner order with Boeing

Boeing and Emirates have announced a commitment to purchase 40 787-10 Dreamliners at the 2017 Dubai Airshow. The deal, including airplanes and related equipment, is valued at $15.1 billion at current list prices. Emirates is the world’s largest Boeing …
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Posted on 13/11/2017

Abu Dhabi’s Aldar Proprties’ Q3 net profit drop by almost a fifth

DUBAI, Nov 13 (Reuters) – Aldar Properties, the state-linked builder of Abu Dhabi’s Formula One circuit, reported a nearly 20 percent decline in third-quarter profit. The results come against a backdrop of a slowing economy and property market in the oil …
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Posted on 13/11/2017

Abu Dhabi’s Aldar reports 18.45% dip in Q3 profit

Abu Dhabi developer Aldar Properties has reported an 18.45 per cent decline in third quarter profit year-on-year. The company’s net profit declined from Dhs737m ($200m) in Q3 of last year to Dhs601m ($163.6m) in Q3 of 2017. Revenue was also down 27 per …
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