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UAE

Dubai’s Al Habtoor sells all its shares in contractor HLG

Al Habtoor group held a 55 per cent stake in the Habtoor Leighton group

Sheikh Mohammed orders memorial for martyrs in Dubai

The monument will be inaugurated in November 2017

UAE fuel prices reduced by over 5% for December

Petrol and diesel prices have been reduced from November

Dubai’s mega Town Square development to deliver 2,000 homes in 2017

Construction contracts worth over Dhs3bn have been awarded

Things to do in the UAE during National Day weekend

From shopping sales and adventure sports to cultural performances, there’s lots to do in the UAE this weekend

New 62km Abu Dhabi-Dubai highway opened, named after Dubai ruler

The Dhs2.1bn project is hoped to ease traffic congestion between Dubai and Abu Dhabi

Flydubai launches double daily flights to Bangkok

The route, at just over six hours, is one of the airline’s longest in terms of travel time

Man who bid Dhs31m for Abu Dhabi number plate arrested for fraud

The bidder was charged with fraud after his cheque for Dhs31m bounced

Saudi wealth fund to buy 50% of investment firm Adeptio from Dubai’s Alabbar

Last month, a subsidiary of Adeptio completed the acquisition of a 67 per cent stake in Americana

Dubai builder Arabtec appoints new CEO

Depa CEO Hamish Tyrwhitt will replace acting CEO Saeed Al Mehairbi

DEWA signs purchase agreement with Masdar for 800MW solar project

The 800MW third phase of the Mohammed bin Rashid Al Maktoum Solar Park is slated to be operational by 2020

Dubai’s Landmark Group launches seven new e-commerce sites for its brands

The retail group has also unveiled iPhone and Android apps for each brand

Abu Dhabi fund Mubadala, China’s HNA to partner on investments

The funds plan to invest together in tourism, logistics and financial services

Dubai’s Alabbar in $138.5m JV deal with luxury e-retailer Yoox Net-A-Porter

The new company will initially operate in the GCC

UAE’s ADNOC says it will almost triple petrochemical output by 2025

The company plans to integrate its petrochemical and refining business

UAE citizens can now travel visa-free to the Bahamas

The two countries have signed a reciprocal visa waiver agreement

Tecom launches new incubator for start-ups in Dubai Design District

The new facility is slated to open in January 2017

Etisalat to offer free wifi in the UAE during National Day

Residents will be able to access the service in malls, cafes, beaches and parks

Revealed: Top 10 companies in the UAE in 2016

The biggest listed companies in the UAE as ranked by market capitalisation

Dubai’s RTA completes Dhs1.9bn Mohammed bin Zayed Road expansion

The last phase of the project – the Al Houdh Interchange – opened on Saturday

UAE officials issue warning about extreme weather conditions

Certain parts of the UAE are expected to see cloudy and rainy conditions

UAE’s Yahsat to launch four new satellites by 2020 – CEO

The company’s fleet is expected to reach seven by the end of the decade

Sheikh Mohammed among mourners at Dubai Police chief’s funeral

Al Mazeina passed away on Thursday night from a heart attack

Echo

Amazon in talks to buy Souq.com for about $1bn – report

Amazon is mulling a bid to acquire the entire site, according to a report

Dubai airport passenger traffic crosses 69 million between Jan-Oct

The airport posted a 2.7 per cent growth on traffic in October

Dubai passes new ruling on protection of government employees

The new regulation outlines the compensation for occupational injuries and diseases

Two new international schools to open in Dubai

Brighton College (UK) and Dwight School (the US) will have a combined enrollment capacity of 4,000 students

Dubai firm forms JV to develop $1.6bn steel plant in Algeria

Emarat Dzayer has teamed up with state-owned Groupe Imetal to set up the plant

UAE newspaper 7Days closes down

The company blamed the “challenging” media environment

UAE’s Air Arabia confirms options for five A320s

The additions will be put into service in the second quarter of 2017