“Emaar Development has yet to announce news on its dividend distribution which is why the stock has been lagging for sometime following its mother company’s dramatic drop; however it could see some light soon,” the note said. The Abu Dhabi Securities …
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UAE denounces Somalia’s holding of its civilian aircraft, seizing money
The United Arab Emirates on Tuesday denounced Somalia’s seizure of a civilian aircraft this week and money on board, according to a statement on the state news agency WAM. “Money allocated to support the Somali army and trainees was seized at gunpoint by …
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UAE cabinet approves new equal wages law
reported state news agency Wam. Announcing the cabinet decision, HH Sheikh Mohammed bin Rashid Al Maktoum, the Vice President, Prime Minister and Ruler of Dubai, said that since the Founding Father of the UAE, the late Sheikh Zayed bin Sultan Al Nahyan …
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UAE Denounces Somalia Seizure of Its Plane, Cash
DUBAI (Reuters) – The United Arab Emirates on Tuesday denounced Somalia’s seizure of a civilian aircraft this week and its seizure of money on board, according to a statement on the state news agency WAM. “Money allocated to support the Somali army and …
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UAE, Georgia discuss bilateral relations, global developments
UAE state news agency WAM reported. The two leaders discussed relations of “cooperation and friendship” between the UAE and Georgia, and the means of supporting and developing it to achieve their common interests. During the meeting, Sheikh Mohamed and …
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UAE’s ADNOC launches oil and gas exploration round
ADNOC is to maintain a 60 percent share during the production phase, he said at a news event in Abu Dhabi to announce the bidding round.
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Accident in Dubai? Your smart number plate will soon alert police, ambulance
… at the World Government Summit in February this year will begin their road trials in Dubai by the end of this year, a senior RTA official told Gulf News. The innovative public transport vehicles that the RTA is looking at as one of its last mile …
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Abu Dhabi Plans First Competitive Tender for Oil, Gas Blocks
Bidding for four onshore and two offshore blocks will probably be completed by October, and Adnoc should select the winners by the end of the year, Chief Executive Officer Sultan Ahmed Al Jaber said Tuesday at a news conference in Abu Dhabi. The partners …
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Abu Dhabi Launches Six Historic Oil and Gas Licensing Opportunities
The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for …
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Dubai to launch digital vehicle number plates
Drivers in Dubai may soon be using digital number plates under new plans. In a trial starting next month, vehicles will be fitted with smart plates with digital screens, GPS and transmitters. The new plates will be able to inform emergency services if a …
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Dubai Chamber to Open Argentina Office in 2018
During the visits, UAE delegates met with public and private sector stakeholders and explored business potential that exists within the markets. “Dubai Chamber is pushing ahead with an ambitious strategy to expand its presence in Latin America and …
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Nordic know-how from Reaktor takes root in UAE
We’re also seeing leadership that’s willing to cannibalise their existing business to create new services that might overcome hurdles faced by the old ones. Is there enough digital talent to go round in the UAE? Finding good digital talent is hard …
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Dubai’s private sector economy eases in March but remains in growth
A key gauge of Dubai’s non-oil private sector economy eased slightly in March to the lowest increase in four months, but it remained in growth territory as business conditions improved. But employment slipped into contraction for the first time since …
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Team Abu Dhabi look to start season on a high
Abu Dhabi: The 2018 UIM XCAT World Championship gets under way … Competition is likely to be intense this season, even after the recent news that Dubai’s Victory Team has withdrawn from the series to pursue an American racing programme.
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Dubai-based Abraaj hires Houlihan Lokey for health fund advice after dispute
DUBAI (Reuters) – Dubai-based private equity firm Abraaj has hired U.S. investment bank Houlihan Lokey (HLI.N) to help it try to stem the fallout from a dispute with investors over its healthcare fund. Disagreements came to light earlier this year over how …
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Dubai Smart Coast system to issue maritime forecast, alerts
Dubai: Dubai Municipality has launched Dubai Smart Coast System for the presentation of the Dubai Maritime Database and Maritime Forecasting System. The system, a revamp of the Dubai Coast website which has been operating since 2003, was launched during …
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No passport required under Dubai’s ‘smart bail’ system
He told Gulf News that the ‘smart bail’ initiative will be put into practice across all the police stations in Dubai ‘very soon’. “This initiative will make the lives of suspects involved in such misdemeanour cases easier. It falls within the …
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