Dubai: Hundreds of commuters and motorists were stuck in major traffic jams during the morning rush hours on Monday as the UAE’s dusty weather continued, but flights operating in and out of Dubai have returned to normal. Residents experienced some …
( read original story …)
Yemen, UAE reportedly reach deal over island
to withdraw the UAE forces from the strategic Socotra Island, according to Yemen’s official Saba news agency. Tensions have mounted between Yemen and the UAE in recent days, when the latter sent a military force to Socotra without prior coordination with …
( read original story …)
UAE’s Dana Gas agrees with creditors on $700 mln sukuk restructuring
DUBAI: Energy producer Dana Gas reached agreement with creditors … Its shares jumped 4.8 percent in early trade on Sunday in response to news of the deal, which it said could cut its debt by up to $385 million.
( read original story …)
US and UAE sign agreement to resolve Emirates, Etihad subsidy claims
The United States and United Arab Emirates signed a deal on Friday to resolve US claims that Gulf carriers have received unfair government subsidies, the US State Department said. The voluntary agreement, which applies to Etihad and Emirates airline …
( read original story …)
Expo 2020 Dubai spending to drive growth in Dubai economy, says IMF
In the long term, Tamirisa said that VAT is expected to raise revenues by 1.5 percent of GDP. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
( read original story …)
United Arab Emirates shares mixed at close of trade; DFM General up 0.36%
Investing.com – United Arab Emirates equities were mixed at the close on Sunday, as gains in the Services, Finance & Investment and Transport sectors propelled shares higher while losses in the Consumer Staples, Real Estate & Construction and Telecoms …
( read original story …)
Abu Dhabi Jumps Into Middle East Oil-Refining Rush
Abu Dhabi’s national oil company said Sunday it would spend $45 billion over the next five years to join other giant, state-run petroleum giants, like Saudi Aramco, in refining much of their own crude instead of just exporting it. ADNOC, as the company …
( read original story …)
Abu Dhabi’s Adnoc Looks to India Amid $45 Billion Refining Push
Abu Dhabi National Oil Co. is looking into acquiring a stake in an Indian refinery as it plans to invest $45 billion at home to expand its Ruwais refining and petrochemicals complex. The government energy producer known as Adnoc is considering, among other …
( read original story …)
Trio flew to Dubai for revenge killing
Dubai: Three visitors have been accused of premeditatedly murdering a businessman in Dubai in a revenge killing. The businessman had killed the brother of one of visitors in 2005. The Pakistani trio, aged 32, 30 and 46, were said to have flown specifically …
( read original story …)
Abu Dhabi Plans $45 Billion Refining, Petrochemicals Expansion
Abu Dhabi National Oil Co. plans to invest $45 billion over five years to expand the Ruwais refining and petrochemicals complex. The state producer known as Adnoc will expand the complex’s refining capacity by more than 65 percent, or 600,000 barrels a …
( read original story …)
How the UAE Extends Its Military Reach in Yemen and Somalia – With Deadly Results
Military transport planes from the United Arab Emirates landed on the sleepy Yemeni island of Socotra last week, unloading tanks and troops as part of the Gulf Arab state’s drive to extend its influence over a strategic waterway flanked by war zones.
( read original story …)
Indian businessman inducted into Abu Dhabi Police’s community wing
Abu Dhabi: Firoz Merchant, a philanthropist and founder and chairman of Pure Gold Group, was recognised by the Abu Dhabi Police for his significant philanthropic contributions to the country and inducted him into Abu Dhabi Police’s community initiative …
( read original story …)
Major blaze engulfs Zen Tower in Dubai Marina
A residential tower has caught fire in Dubai amid a sandstorm that has hit large parts of United Arab Emirates (UAE). Videos of the blaze were widely shared on social media, showing the newly constructed Zen Tower in Dubai Marina engulfed in flames on …
( read original story …)
Massive Fire in Dubai’s Skyscraper, Smoke Coming From Zen Tower (PHOTO, VIDEO)
According to witnesses, huge plumes of smoke have been coming from the Dubai Marina area and people have been evacuated from the Zen tower. Dubai Civil Defense has taken the fire under control, which broke out in Zen Tower in the Dubai Marina area amidst …
( read original story …)
Dubai Department of Economic Development ‘Business Map’ records 1,848 new trade licenses in April
The Dubai Department of Economic Development (DED) issued 1,848 new business licenses during April 2018 as the emirate remained a destination of choice for investment in diverse business sectors. The ‘Business Map’ digital platform of DED saw 26,498 …
( read original story …)
DED ‘Business Map’ Records 1,848 New Trade Licenses in April
Overall 26,498 BRL transactions, including 12,670 related to license renewals 3,778 Auto Renewal transactions and 117 related to e-Trader licenses also recorded The Dubai Department of Economic Development (DED) issued 1,848 new business licenses during …
( read original story …)
Firefighters battle blaze at high-rise tower in Dubai Marina
Firefighters are battling a blaze at a high-rise tower in the Dubai Marina amid a sandstorm sweeping the city in the United Arab Emirates. The government-run Dubai Media Office says the fire broke out Sunday morning in the Zen Tower. It says residents have …
( read original story …)