Home next GCC next UAE

UAE

Dubai’s Jumeirah signs deal to manage $1bn tower in Business Bay

The tower is expected to open in 2020

Passenger traffic at Dubai International airport up 29.6% in July

The emirate’s airport welcomed 6.68 million passengers during the month

Marka to launch Australian plus-sized fashion brand City Chic in UAE

Retailer Marka plans to open three City Chic stores in the UAE before the end of 2015

UAE’s Arabtec says no progress on mega Egypt housing project

The company announced over a year ago that it had agreed in principle with the Egyptian government to build one million homes in the country

UAE real estate market feels pinch of low oil prices – Cluttons

Dubai, Abu Dhabi and Sharjah recorded a drop in property values as oil prices slumped by over 50 per cent in the last 12 months

UAE, UN to jointly host global manufacturing summit in Abu Dhabi

The inaugural summit will be held in the second half of next year

Dubai’s DIC sells alumina products maker Almatis

The deal is the latest divestment by the Dubai government-owned group to repay its debts

Dubai’s Nshama launches prime residential apartments at Town Square project

The units will be located at the main square of the project alongside a retail precinct and a hotel

Majid Al Futtaim opens new City Centre Me’aisem at IMPZ

The Dhs 275m mall features 53 retail outlets and is anchored by a Carrefour hypermarket

Iranian investment in Dubai property to rise if sanctions ease

Local and global businesses previously used Dubai as hub for their Iranian operations, the consultants said, predicting this would again become common practice

SKAI closes Dhs 1.1bn finance package for Dubai Viceroy hotels

The syndicate for the dual Islamic and conventional facility is backed by a mixture of local and Chinese banks

DIFC Courts wins consultancy deal for Kazakhstan financial centre

Kazakhstan’s president said DIFC was the model for the planned Astana International Financial Centre

India’s Taj exits hotel in Dubai’s Deira

The exit brings an end to a 14-year partnership between Taj and property owner Juma Al Majid Group

Banks suspect wilful default by Atlas Jewellery owner

Reports emerged yesterday that Dubai Police had arrested the owner of the gold jewellery store chain

Dubai’s Deyaar to launch affordable units in phase one of mega Midtown project

The first phase, set to cost around Dhs 500m, is slated for completion in 2018

Burj2020 District masterplan to be revealed at Cityscape Dubai

The district will house the Burj2020, a super tall commercial tower being designed by architects Adrian Smith and Gordon Gill

Deyaar CEO: Dubai property market not seen major impact from oil price drop

The developer has not seen prices fall in any of its properties so far this year, says Saeed Al Qatami

Aldar launches sales for new residential project West Yas in Yas Island

The development will feature around 1,017 four and five-bedroom luxury villas, with prices starting from Dhs 4m

Atlas Jewellery owner detained by Dubai Police over bounced cheques and debts

M.M. Ramachandran reportedly has outstanding debts of Dhs 550m to various banks in India and the UAE

Despite smartphone glut, Apple’s new iPhones still awaited in UAE

The company is expected to unveil its latest iPhones on September 9

Dubai Properties Group revenue to rise in 2015 – CEO

Abdullatif AlMulla said DPG’s 2015 profit and revenue will be higher than in 2014, but declined to provide further details

About 22% of Gulf firms say they only ‘talk about innovation’

A new survey shows that Gulf firms are not big risk takers in terms of innovation

Abu Dhabi airport’s new Midfield Terminal project 55% complete – official

The new Midfield Terminal Building will have the capacity to handle 30 million passengers a year when ready

Countries with the highest air pollution levels in the Middle East

The UAE tops the world for exposure to tiny air pollutants, according to the latest report compiled by The World Bank

gender gap 2022

UAE should foster entrepreneurship for sustainable growth

A senior policy expert urged all Middle East governments to invest in their economies, create jobs and foster young talent

Abu Dhabi airport passenger traffic up 23.3% in July

The capital’s airport saw about 2.1 million passengers passing through last month, compared to 1.7 million during the same period in 2014

Smart solar palm trees power wi-fi, phones in Dubai

Two prototype palms have been installed – one at a beach near the Burj Al Arab hotel and the other at Zabeel Park

UAE cuts petrol prices by over 8% in September

The price of one litre of octane 95 gasoline will cost Dhs 1.96 from September 1

Dubai’s DP World says in talks with Iran to launch port operations

The company said the plans are contingent on demand from customers and there is no dollar value yet on the company’s possible investment in Iran

Mega waterfront development planned for Sharjah

The mixed-use development will feature its own theme park and is estimated to house 200,000 residents when complete