Dubai, which has evolved in recent decades from a fishing village into a hub for finance, trade and tourism in the region, has seen its economy take a hit by the rout in oil prices. Occupancy in …
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Financing agreed for stage 2 of UAE’s national railway project
The second stage will extend 605km from Ghuweifat on the border with Saudi Arabia to Fujairah on the east coast. The UAE’s Ministry of Finance and the Abu Dhabi Department of Finance have signed an ag…
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Finance deal inked for Stage 2 of Etihad Rail network
The UAE Ministry of Finance and the Abu Dhabi Department of Finance have signed an agreement for the financing of Stage Two of the Etihad Rail national rail network. The second stage will extend 605 k…
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Back on track: Finance deal agreed to triple the UAE’s rail network
The county’s fledgling rail network is to more than triple in length with the announcement of ambitious plans to extend services from the border with Saudi Arabia to Fujairah. Etihad Rail has agreed f…
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Ministry of Finance and Abu Dhabi Department of Finance sign agreement for financing Stage Two of the UAE national railway network
The volume of goods transported will increase from seven million tons per year on Stage One to more than fifty million tons. ABU DHABI, United Arab Emirates:– The UAE Ministry of Finance and the Abu D…
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Dubai’s DAE raises bond repurchase programme by $300m
Dubai Aerospace Enterprise (DAE), the Middle East’s biggest … “The current trading levels of our bonds are not consistent with our current credit ratings, strong financial performance or our project…
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UAE to enforce new regulations on tobacco products soon
His Highness Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai, Minister of Finance and Chairman of the Federal Tax Authority (FTA), issued a decision regarding the implementation of the Mark…
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Canadian firm Brookfield in talks to invest in Dubai property developer
Brookfield Asset Management Inc. is in early talks for an investment in Dubai property developer Meraas Holding, according to people with knowledge of the matter, in a deal that would signal a vote of …
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DBS to almost double staff, triple revenue of Mideast private banking
DUBAI (Reuters) – DBS (DBSM.SI), Southeast Asia’s largest bank, said it would almost double its Dubai private banking staff in its bid to triple revenue for those operations in the Middle East …
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DBS bank announces five-year wealth expansion plan in the Middle East
Dubai branch to serve as strategic hub for bank’s Middle East private banking arm Along with its expansion plan, DBS also unveiled its new and expanded office premises located at the heart of Dubai’s …
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Abu Dhabi F1 test: Bottas fastest as drivers run with 2019 teams
Valtteri Bottas set the pace on the first morning of the post-Formula 1 season Pirelli tyre test in Abu Dhabi. The Mercedes driver lapped in 1m37.319s, three seconds slower than the Abu Dhabi Grand Pr…
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UAE pardons and releases Matthew Hedges, British student convicted of ‘spying’
Fantastic news about Matthew Hedges.Although we didn’t agree with charges we are grateful to UAE govt for resolving issue speedily.But also a bittersweet moment as we remember Nazanin &other …
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UAE pardons, releases British academic convicted of spying
Britain’s Foreign Secretary Jeremy Hunt also welcomed the decision on Hedges, tweeting it was “fantastic news.” He said Britain did not agree with the charges against Hedges but added that it is “grat…
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Freed academic returns to Britain from UAE after spy pardon
LONDON — Academic Matthew Hedges arrived back in Britain Tuesday after being pardoned and released by the United Arab Emirates from a spying conviction, ending an ordeal that had strained relations b…
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UAE frees Briton sentenced to life as spy after pardon
The UAE president issued the pardon as part of a mass clemency of more than 700 prisoners to mark the country’s National Day, according to a statement on state news agency WAM. The pardon was effectiv…
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British student accused of spying is pardoned by UAE
“Mr. Hedges will be permitted to leave the country once all the formalities are complete,” Jaber al-Lamki, a spokesman for the Emirati government, said at a news conference in Abu Dhabi on Monday. Tej…
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UK academic back home after UAE pardon
The UAE president issued the pardon as part of a mass clemency of more than 700 prisoners to mark the country’s National Day. British Foreign Secretary Jeremy Hunt welcomed the pardon, which he called …
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