Home GCC UAE

UAE

Etisalat Hires Standard Bank For Nigeria Tower Sale

Etisalat Nigeria could raise $400 million by selling its transmitter towers.

Lenovo Launches First LTE Smartphone, Vibe Z, In UAE

The phone, priced at Dhs1999, will be available in the country by the end of February.

Abu Dhabi To Give Foreigners Freehold Property Titles

The capital of the UAE has designated areas for property investment by foreigners.

Nakheel Launches New Plots For Sale At Jumeirah Village Circle

Prices start at Dhs10 million and the plots can be used for residential, hotel or commercial development.

Dubai Ruler: Private Sector Emiratisation To Increase 10-Fold By 2021

Sheikh Mohammed launched the UAE National Agenda for the next seven years on Tuesday.

10% Of UAE’s Mobile Users Switched Operators Since MNP – Survey

The UAE recently introduced mobile number portability (MNP), which allows users to switch operators while retaining their number.

97% Of UAE’s HNWIs Use Social Media

A study shows 73 per cent of them prefer LinkedIn over Facebook or Twitter.

ADNOC Cuts Prices Of LPG Cylinders In Northern Emirates

The price of a 25 lbs capacity cylinder has been reduced to Dhs54 from Dhs61.

Dubai Duty Free To Launch Online Shopping

Executive vice chairman Colm McLoughlin said the company will focus on the new Al Maktoum International airport.

Dubai’s Arabtec Wins $705m Abu Dhabi Contract

The project on Al Reem Island will house a five-star hotel and a residential tower, and will be built within three years.

UAE Sees Keen Interest For Largest Oilfields On Revised Terms

Several companies are interested in joining the project with revised terms, UAE’s oil minister Suhail bin Mohammed al-Mazroui said.

Godolphin Door Permanently Shut For Tainted Trainer, Zarooni

The British Horseracing Authority (BHA) banned Zarooni for eight years after finding him guilty of administering anabolic steroids.

Dubai’s Drydocks World Signs $730m North Sea Rig Deal

The order was part of a package of contracts which could be worth a total of $1.4 billion to Drydocks by the third quarter, its chairman said.

Etihad Chief Says Will Not Be Rushed On Alitalia Decision

Alitalia is in talks with Etihad to sell the UAE carrier a large stake.

UAE PM Says Treatment Of Jailed American Was Unsatisfactory

Shezanne Cassim was detained in April and sentenced to a year in prison for making a 20-minute “mockumentary”.

Ajman Luxury Resort To Open February 1

Starwood will seek to attract well-heeled leisure guests to the less-developed emirate

GCC Mulls Common Water, Power Policy

Authorities are looking to reduce power and water consumption rates in the GCC, which are the highest in the world.

Abu Dhabi Gears Up To Enforce New Shisha Café Rules

Violators face two years in prison and a fine of up to Dhs1 million.

Abu Dhabi’s Inflation Rate Rises 1.3% In 2013

Food and non-alcoholic beverages accounted for the largest rise in the emirate’s consumer price index, rising 25.9 per cent last year.

Dubai Ruler Calls For Easing Of Iran Sanctions

Sheikh Mohammed urged the international community to ease sanctions against Iran, in an interview broadcast by the BBC.

Dubai Debt Deal Imminent – Bankers

The emirate was one of the first issuers from the Gulf in 2013 with a dual tranche 10-year sukuk and 30-year conventional note.

Dubai’s Shuaa Swings To 2013 Net Profit Of Dhs2.8m

The investment bank’s annual net profit increased by Dhs62 million from a net loss of Dhs59 million in 2012.

UAE Frees American Jailed For YouTube Parody Video

Shezanne Cassim, 29, was sentenced to a year in prison in April over a “mockumentary”.

Uncertainty Over Future Running Of Abu Dhabi’s Big Oilfields

A 75-year partnership with ExxonMobil, Royal Dutch Shell, Total and BP expired on Friday.

UAE Arrests Iranians Suspected Of Kidnapping Briton In Dubai

Abbas Yazdi, a 44-year old businessman, went missing in Dubai in June.

DME Targets Asia Sales Growth In 2014

Dubai Mercantile Exchange CEO, Christopher Fix, is looking to establish DME Oman as the price benchmark for Middle East crude heading East

Irish Firm Launches Healthcare Project In The UAE

Broadmeadow Healthcare International will deliver elderly care services through partnerships with local government agencies.

Dubai Group Appoints Former Emirates NBD Banker As CEO

Ahmed al-Qassim was a director of investment banking at Emirates NBD.

4DX Cinema Launches In The UAE

VOX Cinemas has launched 4DX enabled sensory cinemas at Mirdif City Centre and Deira City Centre.

Qantas Credit Rating Slashed By Moody’s

Dubai-linked airline recently announced the loss of 1,000 jobs.