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UAE

Dubai to begin monitoring heavy vehicles

Older heavy trucks are being fitted with monitoring devices from this month

GCC project awards fell in H1, but expected to pick up

Saudi was the only regional country where contract awards rose 12 per cent from a year ago

UAE insurance market ‘not yet saturated’- global executive

The country is estimated to have over 155 providers

UK luxury retailer Fortnum & Mason closes its Dubai store

The multi-level store in Downtown Dubai was opened in 2014

BMI lowers Abu Dhabi GDP growth forecast for 2017

The firm said increasing oil production should boost growth next year

Education in the UAE costs over Dhs528,000 per child – report

Pre, primary and secondary school costs in the country add up to an average of Dhs528,486 per child, says Zurich study

Emirates to operate extra flights to Jeddah, deploy A380 to Medina for haj

Emirates will operate 45 additional flights to Jeddah and 12 extra flights to Medina from August 17 until September 11

Dubai’s RTA to allow motorists to change their licences without classes

It will soon be easier for motorists holding a licence for automatic transmission cars to convert their licences to manual transmission

Dubai’s DIFC says Gate Avenue project on track to open in 2018

The project will feature over 200 dining, boutique, retail and entertainment options

Developer Sobha Group plans Oman project, to expand outside real estate

Sobha is planning a push into a less “cyclical” business area, its chairman has said

Drake & Scull to proceed with Dhs233m contract for Fairmont Abu Dhabi

The contract was initially awarded in July 2013, with the work scheduled for completion by June 2015

Expo 2020 Dubai seeks merchandise manufacturers in apparel, homeware

The Expo team is looking for producers of “authentic, local items”

Dubai Lamp to become mandatory for new buildings by year-end

The government eventually plans for 80 per cent of buildings in Dubai to use the lamp

Abu Dhabi mulling two major cable car projects

The projects are being proposed at Al Maqtaa and at the Al Bahya Corniche

Etihad exploring options for leisure airline Niki

The Abu Dhabi airline bought Niki from Air Berlin for $351m earlier this year

Dubai’s Noor Bank cuts dozens of jobs

Sources said the final figure for the planned redundancies could be more than 200

Etihad expresses ‘disappointment’ as Air Berlin files for insolvency

The Abu Dhabi airline said it cannot offer any additional funding to the struggling German airline

Compliance for midday work ban in the UAE hits 99.7%

The midday work ban came into effect on June 15 this year

Different Arab money

Other GCC states may introduce VAT after UAE and Saudi

The UAE and Saudi Arabia will be implementing VAT starting 2018 January

UAE expects VAT tax laws to be issued in Q3 2017

The UAE plans to introduce VAT at a 5 per cent rate in January 2018

Dubai’s DIFC Courts to launch new technology and construction division this year

DIFC Courts announced an increase in the volume and value of cases it handled in H1 2017

Abu Dhabi, Dubai utilities to connect water networks

The two sides will hire a consultancy to conduct a feasibility study

Emaar reports 14% net profit growth in Q2 on strong international revenues

The developer recorded a 22 per cent rise in property sales in Dubai during H1

Dubai’s Drake & Scull terminates CEO after less than a year

The group also confirmed the resignation of former executive vice chairman and CEO Khaldoun Al Tabari

Nakheel to award contract for Dragon Towers this year

The developer is assessing five proposals for the construction of the residential towers

Damac Properties’ profits fall for second consecutive quarter

The developer made Dhs704.8m in total comprehensive income for the April – June period

Major components installed at last unit of UAE’s nuclear power plant

Construction of the four units is now more than 82 per cent complete

All you need to know about the UAE’s tax administration system

The UAE recently issued a federal law for Tax Procedures

Housing emerges as the top consumer spending category in the UAE

Among GCC countries, consumer spending per household in the UAE was highest during 2016 at $103,000

Abu Dhabi Crown Prince meets Iraqi cleric in UAE

Iraqi cleric Moqtada Al Sadr visited Saudi Arabia in July