Mitsubishi Power, a subsidiary of Mitsubishi Heavy Industries 7011.T, said on Tuesday it has established a new gas turbine business in Dubai. The gas turbine combined cycle unit will focus on the sale …
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Sharjah budget airline Air Arabia will be getting its 120 new A320s at right time: Adel Ali
Delivery of the 120 Airbus A320s starting 2024 will come at the right time for Sharjah-based Air Arabia, according to its CEO Adel Ali. “It’s worked out in our favour – every indication is saying …
Sharjah Children”s Reading Festival Discusses Ideas for Creating Memorable Characters in Children”s Books
Authors Eltayeb Adib and Claudia Rueda share their character-building insights at a cultural session held in Dubai
Sharjah, May 24, 2021: The 12th Sharjah Children’s Reading Festival …
Abu Dhabi back to bond markets despite rebound in oil
Abu Dhabi plans to sell U.S. dollar bonds on Tuesday in its first foray in the international debt markets this year, raising cash for state coffers despite a recent rebound in oil prices. DUBAI, May …
UAE: Warning issued to owners of vehicles parked in Abu Dhabi’s M-18 parking lot
The Integrated Transport Centre (ITC) of the Department of Municipalities and Transport, has issued a warning to owners of trucks and vehicles parked in Musaffah parking lot M18, for a period …
ITC warns owners of trucks parked in Abu Dhabi’s Musaffah parking M18 for more than six months
Abu Dhabi’s Integrated Transport Centre (ITC) of the Department of Municipalities and Transport has issued a warning to owners of trucks parked in Musaffah parking lot M18, for a period exceeding six …
Floating houses launched in UAE, first unit sold for Dh20m
The two-storey house has four bedrooms with attached washrooms, a glass swimming pool, and ample glass flooring.
Dubai-based Zeta raises $250mln from SoftBank fund
Zeta, a Dubai-based banking tech startup, has announced that it has secured $250 million in investment from SoftBank Vision Fund 2. This Series C investment values Zeta at $1.45 billion. This is one …
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Dubai tech startup Zeta raises $250m to accelerate growth
Dubai-based banking tech startup, Zeta, has secured $250m in investment from SoftBank Vision Fund 2, it announced on May 24. The proceeds will be used to accelerate Zeta’s growth in the Middle East, …
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Dubai to Provide Financing for Diamond Dealers
(IDEX Online – The Dubai Diamond Exchange (DDE) could set up its own bank to provide financing for dealers. The move is designed to attract more business to a hub that opened in 2002 and last year saw …
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Qatar National Bank removes ex finance minister from board after arrest
Qatar National Bank said on Tuesday that former Qatar Finance Minister Ali Sherif al-Emadi has been removed from the bank’s board of directors after his arrest earlier this month over embezzlement …
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Book lovers converge at the 30th Edition of Abu Dhabi International Book Fair
After a year of virtual events amid the COVID-19 pandemic, Abu Dhabi International Book Fair (ADIBF) welcome visitors in person to its 30th edition, which begins on Sunday, May 23. Get Breaking News …
Abu Dhabi’s ADNOC awards $744m EPC contract to NPCC
The development will enable the Belbazem Offshore Block to achieve a crude oil production capacity of 45,000 bpd with first oil expected in 2023.
UAE’s NPCC wins $744 mln Abu Dhabi oilfield development contract
Abu Dhabi-headquartered National Petroleum Construction Company (NPCC) has been awarded a $744 million local oilfield development contract, state news agency WAM reported on Tuesday, citing …
Booming Pipeline of IPO Deals Is Said to Get Push From Abu Dhabi
Abu Dhabi is dangling incentives to revive initial public offerings after a dry spell of nearly four years that’s defied the rally in global stock markets.
UAE: Youth ordered to pay woman Dh20,000 for hurting her feelings
The Al Ain Court of First Instance has ordered a young man to pay a woman Dh20,000 in compensation for hurting her feelings via text messages. ALSO READ: >> UAE: Man ordered to pa …
UAE: Dh400 fine for not giving way on fast lane
Motorists must use lanes on the right when driving at slow speeds, the Abu Dhabi Police have said.Those failing to give way on left lanes to vehicles that wish to overtake face a Dh400 fine, the …