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Dubai’s GEMS to meet banks for $1.65bn refinancing

GEMS said last week that a consortium led by CVC Capital Partners had agreed to acquire a 30 per cent stake in the company

RTA to complete road links to Dubai Hills Mall by next year

The project includes the construction of 12 bridges spanning 3,700 metres

Dubai Land Department grants long-term residency visas to 20 property investors

The five-year visas were given to real estate investors whose individual property investments exceed Dhs5m

Tourists in Dubai can now get a free 30-day liquor licence

The measure has been rolled out this summer is open to all non-Muslim tourists

Dubai’s DP World set to raise $1.3bn in bonds and sukuk

The proceeds of the sukuk will be used for general corporate purposes

Dubai bus crash: Driver jailed for 7 years, ordered to pay Dhs3.4m in blood money

The bus crash last month left 17 passengers dead and 13 others injured

CVC-led consortium to acquire 30% stake in Dubai’s GEMS Education

GEMS has also launched a refinancing plan that includes loans and bonds

Abu Dhabi’s Etihad resumes flights to Sudan’s Khartoum

The airline suspended flights to Khartoum on June 9 due to security concerns

Dubai’s DIFC introduces new licence categories with reduced fees

Four new categories have been announced, primarily targeting non-finance firms

Dubai’s Emirates starts inspecting A380s to check for ‘cracks’

Cracks were detected in the wings of some of the older Airbus A380 superjumbo airplanes

Emirates offers passengers discounts of up to 35% at select UAE hotels this summer

The offer extends to properties operated by Accor, Armani Hotel Dubai, Emaar Hospitality Group and Marriott in the country 

Dubai skyline

Hiring in Dubai’s private sector remains stagnant despite business growth

Staffing fell in tourism and recreation as well as construction, but rose in wholesale and retail

Dubai contractor Arabtec appoints new acting CFO amidst management reshuffle

Adel Al Wahedi replaces Peter Pollard, who has been made the group CEO

Dubai’s DP World hires Citi, StanChart for new 10-year Islamic bond

A series of investor meetings are set to be held in Hong Kong, Singapore and London

New Al Futtaim mall in Dubai with Ikea, Ace to open in December

Festival Plaza, located in Jebel Ali, will have over 120 stores

Welcoming the world: Jumeirah’s CEO on the Dubai brand’s bold new strategy

In an exclusive interview, José Silva reveals the next steps forward for Jumeirah

Dubai’s Emirates to resume flights to Khartoum

The carrier suspended flights to Sudan in early June following deadly political clashes in the country

DP World launches India-UAE Bridge initiative

The initiative aims to attract Indian trade and investment to its flagship Jebel Ali Port and Jebel Ali Free Zone

Omani bus driver admits mistake in court

The director of Traffic Prosecution asked the court that the driver receive the toughest sentence possible

Dubai ‘most future ready’ in Arab world, says new report

The Global Competitiveness of Talent report put Dubai 11th globally in the availability of future talent

Six Flags gets $7.5m payout after Dubai partner ends project

DXB Entertainments cancelled plans to earlier this year to build a Six Flags theme park in Dubai

Al Maktoum Centre for Middle Eastern Studies to open at Trinity College Dublin

The new centre is designed to help promote Middle Eastern studies within Ireland and globally

Careem ends Sudan operations as part of Uber takeover deal

Careem began operations in Sudan in September 2018 after the United States lifted economic sanctions in 2017

Dubai’s DP World acquires Topaz Energy in $1bn deal

Topaz operates in the Caspian Sea, the Middle East and West Africa, and has a fleet of 117 vessels

dubai civil defence

Dubai tower blaze claims life of firefighter

The fire was quickly brought under control with no civilian casualties reported

World Government Summit to take place during Expo 2020

The gathering will take place between November 22-25, 2020, and is expected to draw 100,000 participants

dubai limousine

Dubai’s RTA to turn 90% of limousines green by 2026

A new initiative will see 65 per cent of the Dubai limousine fleet turned into hybrid vehicles, and 25 per cent turned into electric vehicles

Former Abraaj executive pleads guilty to US charges

Former managing partner Mustafa Abdel-Wadood was arrested in New York in April and released on bail

Dubai-based Sprii.com raises $8.5m in latest funding round

The e-commerce platform plans to use the funds to accelerate expansion across the Middle East

Dubai bus crash: Omani driver charged with ‘wrongful’ death of 17 passengers

If found guilty, the driver could face imprisonment for up to seven years, a fine, as well be obliged to pay Dhs3.4m in blood money