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UAE

Emirates Global Aluminium plans IPO

A request for proposals on the IPO was sent to banks, and submissions were due last week

Dubai apartment rents up but Abu Dhabi’s down significantly in Feb

Bayut.com said the market was becoming more affordable to buyers and renters

UAE’s Emirates and Etihad yet to receive new US baggage instructions

Both airlines said they had not received new instructions from the US

MGM selected to operate Dubai hotel resort

The project will include regional debuts of MGM’s brands with a Dubai version of the famous Bellagio hotel

UAE climbs to 21st in 2017 world happiness ranking

The emirates had seen its ranking on the report decline in recent years

Dubai ruler forms World Happiness Council

The council will meet twice a year and publish the UN-backed Global Happiness Report

Dubai hotel launches $9,500 a night suite

The launch comes as hotels in the market continue to face price pressure due to new supply and mid market entrants

UAE’s Aster DM Healthcare seeks loan change following payment delays

A number of healthcare firms in the United Arab Emirates are looking at debt refinancing options

Al Habbai appointed new chairman of Dubai Holding

He replaces Mohammed Abdullah Al-Gergawi, who resigned as chairman of Dubai Holding last month to focus on his government role

Dubai’s RTA completes roadworks worth Dhs835m

New roads will open next month following the completion of projects at Al Mamzar and Al Nahda 1

Former Deyaar CEO jailed for 25 years, fined $25m

The man was fighting two appeals in Dubai’s Appeal Court and seeking acquittal in two graft cases

Emirates, Etihad say US-bound passengers boarding as normal after Trump ban blocked

The executive order banning travel to the United States by refugees and nationals of six Muslim-majority countries was temporarily halted on Wednesday

UAE to implement soft drink, tobacco tax this year

The selective tax has been agreed by Gulf countries, with Saudi Arabia eyeing implementation from April

UAE’s telecoms regulator says 1,054 cyber attacks foiled in 2016

The attacks sought to deface and block government websites among other goals

Work begins on Dubai’s record-breaking Meydan One Mall

The mega retail development is scheduled for completion in 2020

UAE President returns from private visit abroad

Sheikh Khalifa bin Zayed Al Nahyan left the country on March 1

Dubai Ruler makes Emirati filmed feeding live cat to dogs clean the zoo

A video of the incident drew widespread criticism when it was picked up by news outlets this week

Dubai non-oil trade dips for second year running in 2016

China remained the emirate’s top trade partner

Abu Dhabi’s Etihad plans Paris A380 flights over the summer

The change will increase capacity by nearly 170 seats

SAP to invest $200m in the UAE by 2020

The firm plans to establish a new cloud data centre in the country this year

Dubai selects IBM, Consensys for city-wide blockchain project

The partnership will see public and private sector firms roll out blockchain pilot projects throughout the year

Dubai rises to 74th in city quality of living index

Mercers 2017 ranking considers 39 factors affecting quality of life for international employees

UAE non-oil trade up 5.6 per cent in first nine months of 2016

Trade with the Gulf states decreased during the period

Dubai Taxi Corp to rent out 119 smart school buses

The buses will text parents when their children are picked up or dropped off

Abu Dhabi approves Shams Marina, five-star hotel projects

In total the authority approved 24 development projects for the fourth quarter

Dubai’s Emirates begins controversial Athens-Newark route

The fifth freedom route has been met with opposition from some US carriers

UAE energy ministry hires PwC for electricity sector study

PwC will analyse and forecast current and future demand for power

UAE wants closer trade ties with Asia and Africa, says government official

Undersecretary for foreign trade and industry at the UAE ministry of the economy hopes international business communities can work together more closely

Saudi woman sets new record as she swims Dubai Creek and Dubai Water Canal

Dr Mariam Saleh Binladen undertook the challenge to raise awareness for orphaned Syrian refugees

Dubai private sector job creation halts in February

February marked the end of seven months of job creation, according to Emirates NBD