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UAE

Dubai’s Amlak announces renegotiation of restructuring terms

The company said it approached financiers to wave “a number of restrictive covenants” in its original restructuring terms in 2014

UAE reveals public holidays for 2017

The Abu Dhabi government’s list of expected holiday dates this year

Dubai Financial Market planning to allow short-selling

The move could increase trading liquidity in the market

Dubai airport receives record 105, 326 passengers in one day

A total of 669,093 passengers passed through the airport between December 28-31

UAE to monitor Emiratisation efforts at private sector firms

New decrees require the mandatory employment of Emiratis for certain positions

UAE online job postings drop 35%, but 2017 outlook positive

The Monster Employment Index found that the banking, financial services and insurance industry saw the steepest drop in jobs

Dubai developer Damac eyes closer ties with Trump Organization

Damac’s chairman has said he will have no issue in expanding and growing his relationship with the firm

Video: Dubai ruler launches huge new waterfront project

The new development will feature a cruise terminal, mall and the region’s largest marina

Foggy conditions expected to persist across the UAE

Dense fog has severely impacted flight operations in Dubai

UAE climbs to 4th in global expat career ranking

The emirates ranked favourably for career progression and earnings but slipped in HSBC’s overall survey

Sharjah lowers speed limit on key road to increase traffic safety

The speed limit on Maliha Road has been lowered from 120 km/h to 100 km/h

Pictures: Lapita Hotel opens at Dubai Parks and Resorts

The property is claimed to be Dubai’s first theme park hotel

Almost 1.8 million people used Dubai public transport on New Year’s eve

The metro network transported 769,817 people on December 31

Dubai’s Al Ahli Sports Club chairman, board dismissed

Dubai’s ruler has set up an interim committee to manage the club’s affairs

Photos, videos: Dubai rings in New Year with firework displays

An elaborate fireworks display was held at the Burj Khalifa

Five ways UAE banks can profit from digital advertising

Many ad campaigns get lost in the phenomenon known as “banner blindness”

Five ways companies in the UAE can lower their healthcare costs

Businesses can use innovative ways to bring down the amount spent on healthcare

Minor fire reported in Ajman hospital

The fire on its signboard was reportedly put out in less than 10 minutes

Saudi wealth fund PIF denies plans to buy stake in UAE’s Utico

On Wednesday, Utico CEO said that PIF planned to buy a “significant minority stake” in the utility

Emirates receives first A380 powered by Rolls-Royce engine

The three-class configured jet was originally scheduled for delivery on December 2

Burj Khalifa area expected to welcome over 650,000 New Year revellers

Dubai Police has urged people to arrive early and follow officers’ instructions at the various viewing sites

GCC healthcare market to be worth $70bn by 2020

Dubai extends mandatory health insurance deadline

The date for the new deadline has not yet been revealed

Dubai taxis to feature wi-fi and smart screens

Telecoms company du will provide 500 cars with the technology

UAE motorists may have to pay more for car insurance under new law

The new tariff system is anticipated to particularly impact drivers of vehicles worth Dhs50,000 or less

Emirates expects about 250,000 passengers between Jan 1-3

A record of over 87,000 passengers will pass through Terminal 3 on January 2

Dubai Police urge caution in foggy weather after 119 accidents recorded

The Dubai Police received more than 1892 emergency calls between 6am until 12pm on Wednesday

Saudi sovereign fund to buy stake in UAE utility firm Utico

Public Investment Fund (PIF) has entered into a binding agreement with the private utility provider

Four senior staff to leave Abu Dhabi bank NBAD ahead of merger with FGB

The lender’s deputy group CEO is among those leaving, according to sources

UAE petrol prices up over 6% in January

The cost of diesel has also been hiked by nearly 7.2 per cent

Dubai developer Meydan secures $272m funding from banks

The funding will be used for existing projects and future schemes