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Dubai firm announces drone home delivery venture

A new venture plans to partner with local businesses to deliver packages weighing up to 5kg

UAE clothing retailer Sana to shut stores, cut 1,000+ staff – report

Senior staff were reportedly informed of the plans just days after the company opened a new flagship store

Dubai’s RTA begins $19m smart taxi system upgrade

The upgrade provides drivers with new map and sensor technology

Flydubai to expand services to Russia

The airline will begin services to Makhachkala and Voronezh and also resume flights to Ufa

UAE telco du posts flat second quarter profit

The firm reported declining year-on-year profits in the preceding 10 quarters

Saudi, UAE, Bahrain and Egypt blacklist 18 individuals and entities

The nine individuals and nine organisations are said to have “direct and indirect ties with Qatari authorities”

Dubai’s new Dhs5bn business district to be developed by Tecom

Fareed Abdulrahman Al Janahi, acting COO of Tecom, has been appointed as the CEO of the new development

Dubai’s RTA announces replacement bus service to cover metro closure

The closure is to allow construction work for the Route 2020 metro expansion to take place

UAE’s Adnoc in talks with banks for big syndicated loan

The loan is expected to be in a range of $4bn to $5bn, a source said

Areas in Dubai that saw the biggest drop in rents in Q2

Dubailand was the only area where apartment rentals rose in Q2

Dubai mortgage firm Amlak developing villa project in Mirdiff

The Dhs135m villa project marks the first time Amlak is developing a fully-owned property

Dubai foresees economic growth in 2017 and 2018

The oil sector now accounts for less than 1 per cent of Dubai’s GDP

Majority of UAE CEOs positive about next 12 months

A new survey has revealed positive sentiment around new investment and business conditions for the year ahead

Accor, Al Ghurair to open first Swissôtel hotel in Dubai

The Al Ghurair hotel and residences in Deira are set to be rebranded

Abu Dhabi’s Baron Point Petroleum signs joint venture for $150m Vietnam terminal

Phu Quoc Island will supply and store crude oil and refined petroleum products

UAE citizens to have faster clearance at Australian airports

UAE passport holders can now opt to use the SmartGate service at Australian airports

Demand for business credit, personal loans up slightly in UAE

Credit demand is expected to continue rising slowly in the current quarter

UAE unblocks Qatari broadcaster beIN Sports

The Qatari cable channel was blocked more than a month ago due to the rift between the GCC states

Dubai Municipality offers new drone survey service

Drones will now be used to map the emirate’s buildings

Phase 3 of mega Dubai solar park on track for completion by 2020

The 800MW third phase of the park is being developed in three stages

Sharjah airport announces deal for $30m private jet terminal

The facility will include lounges and Duty Free shops

Investment Corporation of Dubai announces 21.4% dip in 2016 net profit

The company said the decrease was due to pressure on yields in its transport segment, which includes Dubai airline Emirates

Etihad sells first airline stake amid review

Etihad and other investors have sold their shares in Darwin Airline to a subsidiary of Slovenian airline Adria Airways

Dubai’s Emirates offers free visas to Thai travellers for a month

The offer is open to Thai travellers who book return tickets from Bangkok or Phuket to Dubai between July 14- August 14

Saudi, UAE, Bahrain and Egypt reduce Qatar demands to six ‘principles’

The four states cut diplomatic ties and economic links with Qatar on June 5

Abu Dhabi rents, sales prices drop as demand lags supply

Residential apartment and villa sales prices were down by 8 per cent and 4 per cent respectively year-on-year

Emirates to operate one-off A380 flight to Colombo

The special flight will be operated next month

Dubai Islamic Bank Q2 profit up almost 14%

The lender’s profit growth came on the back of strong income from Islamic financing

Emirates A380 flight ‘almost collides’ with Air Seychelles aircraft – reports

The near-collision happened when the Emirates flight was preparing to descend in Mauritius

Dubai’s Emirates NBD posts 6% rise in Q2 profit

The DUbai-based lender made a net profit of Dhs2.02bn in the second quarter