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UAE

Damac awards $150.8m Paramount residences contract to China Construction

The deal will cover 27 floors of luxury residences

Nearly half of Dubai outlets to stop selling shawarmas

Municipality inspections revealed many outlets were not abiding by new preparation rules

Jumeirah to shut down Dubai’s Tokyo@theTowers restaurant

The company said the new project was part of an innovation plan for Emirates Towers Boulevard

Emirates calls for action after “millions of dirhams” lost due to Dubai drone disruption

Airspace around Dubai International has been closed in three separate incidents since June

Dubai selects HSBC to advise on $3bn airport financing

The financing is designed the enable Dubai International and Al Maktoum International to serve up to 146 million passengers by 2025

UAE has ‘no plans’ to introduce income tax, says ministry

Projects in latest budget will not rely on new taxes or additional fees, finance ministry says

Classical music festival the BBC Proms announces Dubai dates

The festival will mark the first visit of the BBC Symphony Orchestra and BBC Singers to the UAE

UAE telco du’s profit falls again in Q3

The firm reported declining profits in the preceding seven quarters

Sharjah Chamber buys ruler’s wife’s jacket for $120,000 in charity auction

The jacket raised the largest sum of money for a single item at the Jeans for Refugees auction

Dubai’s Nakheel adds rooftop pool club to upcoming Circle Mall

The mall is one of two Nakheel is developing in Jumeirah Village Circle and Triangle

Dubai’s Aramex Q3 net profit down 3%, Australia Post CEO becomes board member

CEO Hussein Hachem said the company was cautious in its outlook “due to global economic uncertainties”

Saudi police foil ISIL plot to bomb UAE football match

ISIL leader Abu Bakr Al Baghdadi has called for attacks against Saudi Arabia

UAE Cabinet confirms 2017 and five-year budget

The budget includes Dhs2bn to support government innovation through the establishment of the Sheikh Mohammed bin Rashid Al Maktoum Fund to Finance Innovation

Dubai’s Emirates to start world’s shortest A380 flight

Double-decker aircraft services to Doha from December 1 will mark a new brevity record

UAE fuel prices up again in November

Drivers can expect price increases of roughly 5 per cent of more next month

Dubai Taxi announces Ladies Limo service with Careem

Announcement follows RTA and Careem booking deal

Iraqi MP arrested in Dubai over Dhs7m bounced cheque

Prosecutors are still deciding whether to press charges against Arab TV owner and Basra MP

Dubai and Sharjah International disrupted by drone activity

Dubai International was also forced to close for roughly half an hour last month due to drone activity

Pure Harvest plans UAE tomato farm after $1.1m Shorooq investment

The company said its climate-controlled growing system can be used to grow fruit and veg year-round in the Gulf

SME loan losses hit RAKBANK in Q3

Despite the hit from bad SME loans, the bank’s CEO said it was “firmly committed” to the business

Etihad, Jet Airways announce new Abu Dhabi-India services

From early 2017 the two plan to add 28 weekly flights and routes to three more Indian cities

Apartment rents decline in Dubai and Abu Dhabi in Q3

Bayut.com said there were high single digit rental declines for some apartment types

Qatar and UAE close gender gap but rank poorly worldwide

Gulf economies were the worst performing in the high income group in this year’s index

Abu Dhabi Investment Authority to open Hong Kong office

The office will be ADIA’s only overseas location

Commercial Bank of Dubai CEO to retire

Peter Baltussen joined the bank in 2006

UAE’s Etisalat Q3 net profit up 16%

The carrier missed the average forecast of analysts

New details of proposed Dubai-Abu Dhabi hyperloop system

The proposed system will link key landmarks, airports and ports in the two cities

National Bank of Abu Dhabi posts flat Q3 net profit growth

NBAD is currently in a merger process with rival First Gulf Bank

Plans for $300m Dubai Cityland Mall revealed

The mall is claimed to be the first in the world inspired by nature

UAE professors to build country’s first ’emotional robot’

The robot will use touch, gaze and gesture to communicate