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UAE

Abu Dhabi fund takes 5% stake in Dana Gas

The stake was acquired by Goldilocks Investment Co, an equity fund which is part of Abu Dhabi Financial Group

UAE minister says Qatar isolation could last years

“If they want to be isolated because of their perverted view of what their political role is, then let them be isolated,” said Dr Anwar Gargash

Egyptian, Abu Dhabi leaders discuss terrorism funding, role of media

The meeting between the leaders took place in Cairo

UAE President restructures board of Abu Dhabi wealth fund ADIA

The Abu Dhabi Investment Authority is one of the world’s richest sovereign wealth funds

Pics: Dubai’s RTA to begin trials for self-driving air taxis this year

The RTA has signed a deal with a German firm for the air taxis

Qatari ambassador criticises UAE and Saudi in 9/11-focussed op-ed

“Emiratis, not Qataris, were among the hijackers who flew planes into the Twin Towers,’’ Sheikh Meshal bin Hamad Al Thani said

Japan eases entry restrictions for UAE passport holders

The changes give free entry to UAE passport holders

Dubai’s DSI says capital reduction to be completed by end of Q3

Acting CFO Feras Kalthoum said DSI’s business has not been affected by Qatar’s rift with some of its Gulf neighbours

UAE soldier killed in Saudi accident

UAE climbs six places on innovation index

The emirates’ performance was supported by increased data availability

UAE-based Pure Harvest announces progress in $4.5m seed funding round

The company plans to establish the UAE’s first high-tech commercial-scale greenhouse for year-round tomato production

UAE sees 6% increase in millionaires in 2016

The UAE led the GCC in private wealth growth last year

Sharjah oil corp doesn’t expect any interruption to Qatar gas supply to UAE

“We have not seen and do not expect to see any disruption of gas supplies from the Dolphin pipeline,” Sharjah National Oil Corp’s CEO said

Dubai’s Emaar opens fourth mid-scale Rove hotel

Rove Trade Centre caters to meetings, incentives, conferences and exhibitions customers

UAE’s Dana Gas gets injunction from English court blocking claims on $700m sukuk

The Abu Dhabi-listed energy company announced last week that its outstanding sukuk were not sharia-compliant and were therefore unlawful

UAE private sector workers to get two days off for Eid Al Fitr

The Ministry of Human Resources and Emiratisation said the holiday would take place on the first and second days of Shawwal

Dana Gas’s sukuk holders say firm’s offer “repudiation” of English law

Dana said on Tuesday it had received legal advice that its Sukuk, which mature in October, were not compliant with the Islamic sharia code

flydubai to begin flights to Kilimanjaro, up frequency to Zanzibar

The relaunched service will mark flydubai’s third location in Tanzania

Dubai’s Emirates fined and barred from route expansion in China

The move is related to two incidents on April 17 and May 18

Masdar consortium closes financing for 800MW third phase of Dubai solar park

The 800MW project is being financed under a sophisticated structure with seven different institutions

Saudi billionaire Prince Alwaleed, Daimler take part in $500m Careem funding round

Alwaleed’s Kingdom Holding will get a seat on Careem’s board

UAE’s Al Ghurair appoints former Dubai Holding executive as new group CEO

Alhaj is tasked with driving new levels of profitability

Abu Dhabi investigators foil attempt to steal $173m from UAE bank account

Nearly 40 Asian and European individuals have been arrested in connection with the crime

Abu Dhabi’s Etihad Airways to drop San Francisco route from October

The flight was already reduced from a daily service to three times a week

UAE announces Covid protocols for Eid Al Adha

UAE government says Eid Al Fitr holiday to begin on June 24

Government workers could receive as much as a week off for the Islamic holiday

Dubai’s Nakheel releases construction tender for Nad Al Sheba Mall

The mall is the centrepiece of the developer’s under-construction Nad Al Sheba community

Dubai’s Emirates considers equipping staff with AR goggles to improve service

“We could enhance customer service tremendously,” the airline’s chief digital officer said

Abu Dhabi’s Dana Gas gets injunction blocking claims on $700m sukuk

Dana announced on Tuesday that it had recently received legal advice that its Sukuk were not sharia-compliant

UAE says ‘no military component’ to actions against Qatar

Otaiba said the four nations are seeking a shift in Qatar’s behaviour through economic and political pressure

UAE envoy says Qatar should not be able to own Western landmarks while funding terror

Yousef Al Otaiba said Qatar should take “decisive action” to deal with its terror problem

Dubai tenants now required to attest Ejari for water and electricity activation

From July 1, tenants will have to visit one of 800 approved real estate offices across the emirate for Ejari attestation