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Regulator of Dubai’s DIFC fines global mortgage firm $105,000 for ‘unauthorised activity’

Enness’ DIFC office was fined for carrying out activities outside the scope of its licence

UAE halts all flights to Iran on coronavirus concerns

The country has already suspended all flights to and from China, with the exception of Beijing

empower

Empower opens world’s first unmanned cooling plant in Dubai

By the end of 2020, the plant will have a total cooling capacity of 49,000 refrigeration tonnes

Bahrain suspends all flights from Dubai and Sharjah for 48 hours

All passengers entering Bahrain will be tested at arrivals

UAE’s NMC Health sees 42% more downside for battered shares

The stock has lost 68 per cent since the Muddy Waters report on December 17, and is the worst performer this year in the UK’s benchmark FTSE 100 Index

UAE bans citizens from travelling to Iran and Thailand

The move come amidst efforts to contain the spread of the coronavirus outbreak in Iran

Dubai Police extends initiative to waive traffic fines

A total of 557,430 motorists benefitted from the previous initiative announced in February 2019

Network International to launch WeChat Pay in the UAE

The launch will enable Chinese tourists to transact seamlessly with Network International’s merchant network in the UAE via their WeChat mobile wallet

Abu dhabi uae capital flag

UAE’s economy grew 2.9% in 2019 – report

The UAE economy grew 4 per cent in the second quarter of 2019 while the fourth quarter posted the lowest growth figure of 1.3 per cent

UAE announces spring holidays for private, public schools

Spring holidays for government and private schools that follow the ministry’s curriculum across the UAE will begin on March 29 and end on April 11

Hundreds of residents of Dubai’s Duja Tower return back after fire

Residents were evacuated after a fire broke out at the building on Thursday night

Abu Dhabi welcomes 11.35 million visitors in 2019

The 2019 visitor figures grew 10.5 per cent year-on-year

UAE central bank is monitoring job cuts in financial sector

Abu Dhabi Islamic Bank is seeking to save about Dhs500m by cutting jobs and closing branches

UAE telco Etisalat acquires cyber security firm Help AG

The acquisition will integrate the strengths of both firms to create a robust cyber security unit that would, in turn, bolster Etisalat Digital’s portfolio of digital security services

RTA, Careem launch bike rental service in Dubai

Careem will operate 1,750 bicycles and install 175 stations during the first two years, later increasing them to a total of 3,500 bicycles and 350 stations over the next five years

UAE issues advisory after coronavirus outbreak in South Korea

South Korea confirmed there have been four deaths among coronavirus patients, with the total number of cases reaching 556

New entertainment venue Madar set to open in Sharjah mega development Aljada

Madar includes a cluster of attractions including a children’s adventure area and a food zone

Abu Dhabi announces rules to regulate holiday home market

Holiday home owners in the emirate will now have to pay a tourism fee amounting to 6 per cent of the guest’s bill

Dubai Economy issues 4,692 instant licences to date

The instant licence service enables businessmen to obtain a commercial license within five minutes

UAE confirms new coronavirus cases, Saudi suspends travel to Iran

The UAE has so far reported a total of 13 cases of the virus, with three having fully recovered

Video: UAE President Sheikh Khalifa tours Abu Dhabi’s Ghanadha reserve

Sheikh Khalifa reviewed the development being carried out at the reserve

Dubai Economy partners with local banks to form KYC platform

The ‘KYC Blockchain Consortium’ will facilitate faster and more secure exchange of digital customer data and documents through the blockchain technology

Video: Dubai Police solve Dhs20m jewellery heist in 48 hours

Police urged residents to secure their valuables to avoid thefts

Dubai boat show 2020 to be held at new Dubai Harbour marina

The five-day show will see 28 regional and global launches across a fleet of more than 450 boats and watercrafts

Revealed: Areas offering the highest rental yields in Dubai

The average gross rental yield in Dubai stands at 7 per cent, finds report

UAE-based billionaire BR Shetty had it all. Then Carson Block came along

Muddy Waters’s scrutiny into NMC has snowballed into a troubling scenario for Shetty that sheds light on his complex share arrangements

UAE telco Etisalat posts 1% profit rise in 2019

Its consolidated revenues in 2019 reached Dhs52.2bn, slightly lower than Dhs52.38bn in 2018

Dubai’s Ruler witnesses completion of UAE’s Hope Probe, set to launch to Mars this year

The final component of the probe was installed on Tuesday

Dubai’s W Motors, maker of $3.4m supercar, seeks funds to go electric

W Motors has hired investment bank Guggenheim Partners to help raise as much as $100m

Abu Dhabi’s ADNOC awards Dhs6bn contracts for Dalma Gas project

Both contracts are expected to be completed in 2022