Dubai bank reportedly seeking Al Jaber Group’s DIFC land to recover debt

Emirates NBD is seeking to seize or sell the undeveloped land in DIFC

World’s tallest observation wheel, Ain Dubai, will open this year

Located at Meraas’ Dhs8bn Bluewaters Island, Ain Dubai is over 250 metres tall

Mubadala-backed Alcazar weighs sale of Egypt, Jordan assets

The Dubai-based renewable energy developer is in talks with banks for the sale

UAE approves draft law to allow family owned companies to list

The United Arab Emirates is home to three stock markets – NASDAQ Dubai, Abu Dhabi Securities Exchange and Dubai Financial Market

Saudi’s entertainment push: Is it affordable for all?

The government has tried to offer options for all at the Riyadh Season, says official

Dubai’s non-oil trade grew 6% to reach Dhs1.02 trillion in first nine months of 2019

The emirate’s exports totaled Dhs118bn and re-exports grew to Dhs312bn, while imports equalled Dhs589bn

Third phase of Dubai’s mega solar park to be operational in April

DEWA is building the 800MW photovoltaic third phase of the solar park in three stages

Iran to transfer black boxes of crashed plane to Ukraine

The 737-800 Ukraine International Airlines jet crashed on January 8, killing all 176 people onboard

Scrapping the paper trail via blockchain technology

Blockchain’s decentralised technology has industry-disrupting capabilities, but how far will it venture in the trade finance arena?

Emirates’ resort in Australia to remain closed as bushfire crisis continues

The airline has also pledged relief for those affected

Oil near six-week low as ample supply offsets trade hopes

West Texas Intermediate crude for February delivery rose 6 cents, or 0.1 per cent, to $57.87 a barrel on the New York Mercantile Exchange

Proposed Kuwait metro to stretch over 160 kms, host 68 stations

The first phase of the metro project includes a railway stretching 50 kilometers from Kuwait City to Kuwait International Airport with 27 new stations

nissan gt-r50

Nissan reveals more executives were punished after probe into ex-boss Ghosn

Three senior executives were punished for their involvement, though their names, titles and specific steps to discipline them were not brought to the fore

Abu Dhabi’s Etihad Airways targets zero net carbon emissions by 2050

The airline is also committed to reduce single use plastics by 80 per cent by 2022

US and China sign first phase of trade deal

The deal outlines a $200bn spending spree by China to try and close its trade imbalance with the US

Former CEO of Dubai contractor Drake and Scull arrested in Jordan

Khaldoun Al Tabari faces criminal charges in the UAE filed by DSI

Paying parking fees via Dubai’s RTA app can help earn loyalty points

Users can utilise their loyalty points either in the form of balance added to their Nol cards or discounts applicable at multiple cafes, restaurants and other shopping outlets

Four Indian, Pakistani schools in Dubai saw ratings improve to ‘very good’ by regulator KHDA

A total of 11 schools were rated ‘good’ this year

New ‘Future District’ created in Dubai, Dhs1bn fund launched for ‘new economy’ firms

Dubai also aims to achieve Dhs2 trillion in terms of foreign trade volumes by 2025, supported by establishing 50 offices around the world

Lebanon erupts in protest again as crisis builds and banks fret

Lebanese lenders have tightened restrictions on US dollar withdrawals and transfers abroad

Revealed: Areas in Dubai that saw the biggest drop in residential rents in 2019

Average apartment rents in Dubai dropped by 13.4 per cent year-on-year in Q4 2019

The world’s first commercial indoor tomato farm to open in Abu Dhabi

The 5,000-square-metre facility is currently being constructed at the Khalifa Industrial Zone Abu Dhabi

The Central Bank hub expands on invites to Kuwait, Morocco, Vietnam

The Switzerland-based body serves as a forum for policy makers to discuss global economic developments

Abu Dhabi’s Etihad Airways enters into agreement with UK’s easyJet

Customers can purchase tickets through the easyJet global website connecting the two airlines’ networks

Non-oil trade between UAE, Japan totalled Dhs481bn from 2009-2019

The value of the overall trade between the two countries in the first half of 2019 reached Dhs26bn

Oil holds biggest weekly drop since July on easing Gulf tensions

West Texas Intermediate crude for February delivery reached $59.10 a barrel on the New York Mercantile Exchange

UAE airlines cancel flights to the Philippines due to volcanic eruption

The sudden eruption of the Taal volcano – 65km south of Manila – has led to a mass evacuation

Abu Dhabi’s ADNOC signs agreements with Indonesia’s Pertamina and Chandra Asri

As part of its 2030 smart growth strategy, ADNOC has undertaken expansion projects of its downstream business to secure markets for its core hydrocarbon products

UAE to invest $22.8bn in Indonesia via sovereign wealth fund

A total of 16 agreements have been signed between the two countries, including 11 business deals in the areas of oil and gas, petrochemicals, ports and telecommunications

Lebanon proposes voluntary restructuring of $1.2bn March Eurobond

The plan would help the debt-riddled Arab country which has been struggling with its worst economic crisis in decades