Home GCC UAE

UAE

UAE Credit Bureau Starts Issuing Consumer Data To Banks

The credit reports include consumers’ debt obligations and payment behaviour patterns for the past two years.

Dubai To Spend $32bn On Airport Expansion Amid Aviation Push

The expansion is expected to be the biggest airport project in the world and would take place in two phases over six to eight years.

Eid Al Adha Could Fall On October 5 – Report

The chairman of the Islamic Crescent Observation Project (ICOP) has reportedly said that Eid Al Adha could also fall on October 4.

Dubai’s ICD Buying $300m Stake In Nigeria’s Dangote Cement

Dangote’s current market capitalisation is about $23.7 billion, meaning ICD is taking a stake of about 1.3 per cent.

Dubai Holding To Begin Work On Mall Of The World In Q1 2015

The mega project, announced earlier this year, will house the world’s largest shopping mall.

Etihad Doubles Services To Karachi

The new service will add 1,904 new seats per week on the Abu Dhabi-Karachi route and improve weekly connectivity to other markets.

As Apple Prepares To Unveil iPhone 6, Quick UAE Launch Urged

The new device from Apple is expected to do “extremely well” in the UAE, says expert.

Dubai Shortlists 8 Firms For Clean Coal Plant

The cost of the Hassyan power plant, which is expected to come online by 2021, is anticipated to be more than $2 billion.

Meraas Plans Three Theme Parks For Phase 1 Of Dubai Parks & Resorts

The first phase of the five theme park Dhs10 billion mega project is slated to open in 2016.

Dubai Holding Says H1 Net Profit Dhs2.1bn

The company’s net profit amount for the whole of last year was Dhs3.3 billion.

Al Hilal Bank Enables Use Of Emirates ID For ATM Transactions

The initiative marks the first time that Emirates ID cards will be used for ATM transactions in the UAE.

Dubai’s Limitless Awards Dhs19.5m Contract For Downtown Jebel Ali

The contract for infrastructure design and supervision services was given to Dar Al-Handasah.

Etihad Opens Abu Dhabi Arrivals Lounge

New facility allows premium passengers on early morning arrivals to freshen up before checking into their hotels

Dubai’s Dnata To Buy Britain’s Stella Travel Services

Chester-based Stella operates five brands that provide travel services ranging from retail operations to call centres.

Dubai’s Emaar Says Malls Unit Public Share Offer To Open Sept. 14

The malls unit’s IPO will be divided into two tranches, one for retail investors and one for institutions.

Dubai Planning New Measures to Reduce Travel Time At Airport

The emirate is looking to expand its smart gates programme and introduce new software systems at the airport.

US-Chartered Flydubai Plane Reaches Dubai After Being Diverted To Iran

The aircraft, carrying about 100 Americans from Afghanistan, was diverted to Iran because of issues with its flight plan.

Interview: Lady Gaga On Music And Critics Ahead Of Dubai Concert

Lady Gaga will perform in Dubai on September 10 as part of her artRAVE: The ARTPOP Ball show.

Top Dubai Refiner Kaloti Obeying Conflict Gold Rules, Audit Finds

Reports by UK media in February alleged the group had failed to examine suspicious deals.

Dubai’s Population To Grow 5% In 2014

Males constitute 75 per cent of Dubai’s current population, indicating a gender imbalance in the emirate, a new report says.

UAE-Based Namshi To Be Part Of New Global Fashion E-Commerce Group

Rocket Internet group and Sweden’s Kinnevik are combining five international fashion e-commerce firms including Dafiti, Jabong, Lamoda, Namshi and Zalora.

Dubai Holding Unit In Talks To Raise Up To $1.1bn Loan -Sources

The unit, TECOM Investments, is expected to use the proceeds for its growth plans, while some of the cash would also be diverted to its parent company.

UAE Calls For “Unified Effort” Against Militancy In Region

The UAE’s foreign ministry called for cooperation and coordination against what it called the global scourge of terrorism, especially in Iraq and Syria.

Dubai’s Amlak Shareholders To Meet Sept 21 On Restructuring Plan

Creditors of the company approved a plan to restructure debts worth around $2.7 billion last month.

UAE’s Cinema Ad Spend Rises 31% In H1 2014

The growing number of moviegoers in the UAE has driven the rise in cinema ad spending.

VoIP Services Such As Skype, Viber Illegal In UAE, Clarifies Regulator

The TRA has issued a brief statement saying only Etisalat and du are licensed to provide VoIP services in the country.

Abu Dhabi Fund ADIA Names Tipple As Head Of External Equities

Prior to joining ADIA, Brian Tipple held the position of chief investment officer at U.S.-based Key Private Bank.

UAE Named 12th Most Competitive Nation Globally, Qatar Falls Three Ranks

The UAE was named the most competitive country in the Middle East and North Africa region while Qatar and Saudi Arabia fell in their rankings, a report from the World Economic Forum shows.

UAE Business Activity Growth Hits Record High In August

The HSBC UAE Purchasing Managers’ Index climbed to 58.4 points in August from 58.0 in July and the highest since the series began in August 2009.

Abu Dhabi’s Waha Capital In $575m Hedging Deal On Half Of AerCap Stake

Waha Capital will use the money from the deal to repay debt and fund new investments, the company said in a statement.