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UAE

Dubai’s ENOC appoints new board for its subsidiary, Dragon Oil

Dubai’s deputy ruler Sheikh Hamdan bin Rashid Al Maktoum has been appointed chairman

Masdar, Bee’ah to build massive waste-to-energy plant in Sharjah

The plant will incinerate up to 37.5 tonnes of solid waste per hour to create 30MW of energy

Japan extends UAE crude storage deal through 2019

Tokyo has given UAE free crude storage since 2009

Etihad confirms that it is not looking to buy stake in Lufthansa

Etihad is grappling with ways to turn around two of its loss-making investments – Air Berlin and Alitalia

Dubai government extends paid maternity leave for employees

The new move will be effective from March 1

Amazon, Flipkart walk away from $1bn Souq.com deal

Souq is said to now be seeking other potential investors

Apartment prices dip significantly in Dubai and Abu Dhabi in 2016

Property site Bayut.com said a double-digit decline was seen in Dubai

Dubai developer Nakheel investing Dhs105m on cycling tracks

Nakheel will construct the new tracks in its communities over the next two years

UAE-based Abraaj says has invested about $3bn in Africa

Abraaj has invested in more than 40 African companies spanning healthcare, mining and dairy

Pictures: New luxury tea lounge opens in Dubai

Sri Lankan tea brand Dilmah has opened its first UAE lounge in Dubai’s Ibn Battuta Mall

Strong dollar, interest rate rises to impact UAE property market in 2017

The stronger dollar makes the UAE less attractive for local and foreign buyers, says propertyfinder.ae

Dubai’s RTA reveals road closures, diversions for annual marathon

The annual Dubai Marathon will be held on Friday, January 20

Millennium & Copthorne takes over Dubai’s Radisson Blu Downtown hotel

Millennium said the property had not changed ownership and all current commercial agreements would remain valid

Dubai among top 20 ‘most dynamic’ cities in the world

Dubai ranked 11th on JLL’s annual index

Dubai reveals new public parking rates for commercial areas

Costa Rica to open embassy in Dubai

Greater relations with the UAE will also be enhanced by a trade office

Lufthansa not in merger talks with Abu Dhabi’s Etihad – sources

A media report claimed that managers were examining the possibility of Etihad buying a 30-40 per cent stake in Lufthansa

Abu Dhabi’s Masdar acquires 25% stake in Scottish offshore wind farm

The 30MW Highwind Scotland project is located 15 miles off Scotland’s North East coast

Dubai economy grows 2.7% in 2016, faster growth expected in 2017

Sheikh Ahmed said the emirate would announce its economic outlook twice a year from now onwards

Abu Dhabi’s ADNOC seeks $1bn in energy efficiency savings

Under the plans the company aims to reduce its gas consumption by 156 million cubic feet per day

Work on phase 3 of Dubai’s mega solar park to begin this month

Construction of the 16 sqkm 800MW project will occur in three stages

UAE online buyers spend the most per purchase worldwide – KPMG

Online buyers from the UAE spend $332 per purchase on average

Etihad, Lufthansa reportedly in talks to merge airlines

Managers are examining the possibility of Etihad taking a 30-40 per cent stake in Lufthansa, a report claimed

New units to hit Dubai property market recovery in 2017

Around 70,000 new are units expected to be delivered in Dubai between 2017 and 2019

UAE citizens no longer need pre-entry visas for Costa Rica

The two countries signed a protocol granting citizens mutual exemption from pre-entry visas

Emirates to launch daily A380 service to Brazil’s Sao Paolo

Emirates becomes the first ever to operate a scheduled commercial A380 flight to South America

Dubai’s DP World signs logistics agreement with Kazakhstan

They will develop a special economic zone in the Caspian Sea city of Aktau

Dubai Properties launches large villas in its Villanova project

The new villas – La Quinta – form the second phase of the Villanova project in Dubailand

Dubai hourly car rental service returns after suspension

Udrive first launched a pay-per-use car rental service in the city in March 2016

Expo 2020 Dubai begins roll-out of its $100m Expo Live programme

The programme will help “fund, accelerate and promote creative projects”

Emirates NBD Q4 net profit dips 13%

The bank reported a 2 per cent rise in annual net profit for 2016