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UAE

Dubai property developers put bond plans on hold

Emaar Properties and Nakheel have reportedly halted plans to issue US dollar-denominated bonds

The UAE’s highest ice rink opens at the top of Jebel Jais

The rink is located 1,300 metres above sea level at the peak of the Ras Al Khaimah mountain

Sheikh Hamdan to head UAE delegation to World Economic Forum in Davos

The event is taking place in the Swiss city of Davos from January 22 to 25

Dubai’s ruler briefed on municipality projects worth Dhs6.5bn

Projects include the world’s largest single waste-to-energy plant and a deep tunnel storm water system

Emirates cuts baggage allowance for some passengers

Passengers booking Special or Saver tickets on economy will have their baggage allowance cut by 5kg

Dubai F&B firm Restaurant Secrets to lease five properties from Emaar

RSI will now operate a brand new concept called The Loft at Dubai Opera

UAE’s FTA reveals four conditions for business visitors to recover VAT

The minimum claim amount of each VAT refund application submitted by business visitors is Dhs2,000

Abu Dhabi’s Aldar says buyers ‘queued up overnight’ to invest in its new Dhs2bn project

Prices at Alreeman start from Dhs690,000 for villa plots and Dhs4.69m for commercial plots

Dubai road renamed in honour of Expo 2020

The 15km long Jebel Ali Lehbab Road will now be known as Expo Road

Cryptocurrency, SME platform among initiatives launched by Saudi-UAE alliance

The seven new measures cover integration in the fields of financial markets, tourism, aviation, entrepreneurship, customs and security

Waldorf Astoria set to open 275-room DIFC hotel later this year

The hotel is Waldorf Astoria’s first ‘city’ hotel in the UAE

‘World’s-first’ hyperloop system to open in Abu Dhabi in 2020

The system will cost up to $40m per km, although its operator says the amount can be recouped within 15 years

Flydubai taps banks for $300m loan

The debt facility is needed for aircraft pre-delivery payments, sources said

UAE bans import of poultry, meats from parts of Russia on bird flu fears

The ban will not apply to the import of thermally-treated poultry products (meat and eggs)

Abu Dhabi’s Etihad to cut 50 pilots after big loss last year – sources

The Abu Dhabi-based carrier employs 2,065 pilots

Air Arabia begins legal proceedings against Abraaj founder

The airline disclosed last year that it had an overall exposure of $336m to Dubai-based Abraaj

Dubai’s Emirates to operate A380 to Jordan’s Amman for four months

The jumbo jet will be operated on the route from June 1 until October 26

UAE residence visa

UAE grants first set of long-term visas to 20 scientists, researchers

The UAE announced late last year that it would grant 10-year residency visas to certain expatriates

Etihad operates first commercial flight using UAE-sourced sustainable fuel

The Etihad Boeing 787 flight flew from Abu Dhabi to Amsterdam

Dubai Frame receives one million visitors in its first year

The 150m structure opened in January 2018

Dubai’s Emaar launches Expo golf villas starting from almost Dhs1m

The three and four bedroom villas are located in the Emaar South community

Louvre Abu Dhabi to exhibit Dutch masters Rembrandt and Vermeer

Masterpieces from The Leiden Collection and the Musee du Louvre will be on display from February 14

New youth council launched to empower Emirati talent

The Dubai Government Youth Council aims to encourage young people’s creativity, innovation and leadership skills

Emirates, flydubai to increase network of codeshare flights in 2019

The two airlines jointly carried 3.29 million customers on codeshare flights last year

UAE announces $5m aid package for Syrian refugees in Lebanon

The funding is aimed at helping refugees during the winter months

Dubai’s Al Habtoor denies link with entity mulling acquisition of Leela hotel group

Indian media reports claimed that Rashid Al Habtoor had revealed plans to buy the Indian hotel chain

Abu Dhabi’s Etihad proposes to invest in Jet Airways at 49% discount

Etihad already owns a 24 per cent stake in the struggling Indian airline, which has been roiled by financial difficulties

Dubai hotel Jumeirah Al Qasr completes room upgrades

Changes designed to provide guests with a ‘rich yet modern’ guest experience

Loan growth, higher margins boost Dubai bank Emirates NBD’s Q4 net profit

The lender reported a 10 per cent rise in fourth-quarter net profit

Ras Al Khaimah zipline set to reopen this week following helicopter crash

The zipline was closed down due to a tragic helicopter crash late last month that killed all the four people onboard