Dubai’s DWC posts 81.5% growth in passenger traffic in 2019

DWC welcomed 1.634 million customers during 2019, compared to 900,202 passengers in 2018

Dubai’s Deyaar reports 49% profit dip in 2019

The company posted net profit worth Dhs71.5m for 2019

Nissan sues Ghosn in Japan, seeks $91m in damages

The ex-Nissan boss, who was facing two trials on charges of financial misconduct in Japan, jumped bail and fled the country late last year

Abu Dhabi’s ADNOC Distribution posts 4.2% profit rise in 2019

ADNOC Distribution’s revenues for 2019 totaled Dhs21.3bn, dipping 6.8 per cent from Dhs22.89bn in 2018

Some Asian buyers take less Saudi oil on demand hit from virus

The companies, which include two Chinese buyers, requested the lower volumes as part of their long-term supply contracts with Saudi Aramco

Saudi wealth fund PIF aims for more than 1,000 employees by year end

The PIF has invested in companies such as Tesla Inc. and Uber Technologies Inc.

Pics: Construction of mega Dhs1.9bn housing project completed in UAE’s Fujairah

Spread across an area of around 2.2 sq km, the project features 1,100 residential villas

Profit at Abu Dhabi's Mubadala climbs 12.4%

Abu Dhabi fund Mubadala sees commodities ‘fizzle’ due to coronavirus

The new coronavirus is hurting economic expansion as airlines cancel flights and factories look elsewhere for components they would have bought from China

Lebanon weighs IMF help to decide on $1.2bn bond payment

Former Prime Minister Saad Hariri requested the World Bank and IMF for assistance to address the country’s financial woes

Dubai’s Damac Properties posts net loss for 2019

The developer reported a net loss of Dhs36.9m for 2019

Malaysia’s largest Islamic bank Maybank launches first overseas branch in Dubai’s DIFC

The lender will focus on corporate financing, treasury and capital markets and trade finance

Dubai’s Operation Falafel to expand to New York, London, Paris

The restaurant brand expects to roll out its first unit in New York by Q2 2020

Saudi wealth fund leads fundraising for online used car trader

A unit of Saudi Arabia’s sovereign wealth fund is leading a $35m funding round for Dubai-based SellAnyCar.com

Boeing will need ‘several quarters’ to return 737 Max fleet to skies

Boeing suspended production of its best-selling aircraft in January, 10 months after regulators grounded the plane following two fatal crashes

Carlos Ghosn faces Nissan in Dutch court for first time since escape

Ghosn, who was facing two trials on charges of financial misconduct in Japan, jumped bail and fled the country in December

Dubai’s Emirates Investment Bank appoints new CEO

Former CEO Khaled Sifri, who joined the bank in 2008, resigned from his role in May 2019

UAE’s NMC gets takeover approaches, chairman suspended from board discussions

NMC shares have fallen more than 70 per cent since the Muddy Waters report came to light

Dubai’s Aramex posts flat 2019 net profit

The logistics and transportation service provider posted net profit of Dhs497.4m in 2019, compared to Dhs492.6m in 2018

Majority of UAE residents feel Expo 2020 will boost economy – survey

As many as 49 per cent feel that the Dubai Expo will enhance the country’s reputation as a business hub while 48 per cent feel it will lead to creation of more jobs

UAE’s Air Arabia posts 80% net profit rise in 2019

Air Arabia served more than 12 million passengers from its hubs in the UAE, Morocco and Egypt in 2019, compared to 11 million passengers in 2018

Oil hovers near $50 on signs OPEC+ virus action not imminent

Crude has tumbled over the past few weeks as the virus wreaked havoc on the economy of the world’s biggest oil importer, China

Chinese woman with coronavirus in the UAE makes ‘full recovery’

Liu Yujia, 73, has now tested negative for the virus

Saudi’s STV hires from Google to help build tech unicorns

Ian Jakovljevic will join Saudi Arabia’s STV as chief development officer next month

594 million use public and shared transport in Dubai in 2019

The share of public transport and shared mobility in people’s journeys scaled from 6 per cent in 2006 to 18.1 per cent in 2019

Dubai’s Emirates cancels flight to London due to Storm Ciara

Dozens of airlines have cancelled flights to London due to weather disruptions

UAE banks start process of recovering money from defaulters in India – report

At least nine banks from the UAE have reportedly initiated legal action against defaulters in India to recover around $6.9bn

UAE’s Brooge plans to expand storage and refining capacity

Brooge has signed an agreement to lease out 450,000 square metres of land to Fujairah Oil Industrial Zone (FOIZ)

First Abu Dhabi Bank becomes latest UAE lender to cut jobs

The UAE-based bank dismissed hundreds of employees in recent weeks across several divisions

Kardashian friend to help Saudis seal Newcastle United deal

Carla DiBello, an entrepreneur friend of the reality television star, is advising PIF on the proposed acquisition of the soccer team

Coronavirus update: UAE confirms two new cases; total tallies seven

China reported a total of 37,198 coronavirus cases less than two months after the virus surfaced in Wuhan