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UAE

Emaar Q2 profit falls 7.4% as Dubai property market cools

The emirate’s residential real estate market is down by at least a quarter since the middle of 2014

UAE President orders release of 669 prisoners for Eid Al Adha

Sheikh Khalifa has also pledged to settle the financial obligations of the released prisoners

Over 296 million use public transport in Dubai in the first half of the year

Dubai Metro accounted for the highest number of users at 101.68 million

Eid Al Adha to begin on August 11, four-day holiday in the UAE

Workers in the public and private sectors in the UAE will have the same number of days off

Dubai retail group GMG says its outlets saw double-digit growth during DSS

The company’s retail outlets include brands such as Nike, Sun & Sand Sports, and Supercare Pharmacy

MENA fund managers to boost UAE investments, bearish on Saudi

Dubai was one of the worst-performing markets globally last year, but has rebounded with its benchmark index up almost 15 per cent so far

Omani driver jailed for Dubai bus crash released on bail

The driver was sentenced to seven years in jail and ordered to pay Dhs3.4m in blood money for causing the wrongful death of 17 passengers

Flydubai to launch daily flights to Krabi via Yangon later this year

The new daily service will begin in December and is being codeshared with Emirates

Abu Dhabi to grant licences to companies for renting out electric scooters

The service will be available in the pedestrian and bicycle paths in Corniche and Khalifa Street during the first phase

Dubai lender Emirates NBD to support Denizbank if capital increase needed

Emirates NBD now owns 99.85 per cent of the Turkish lender

Different Arab money

Saudi, UAE, Bahrain cut interest rates after Fed

The Federal Reserve lowered US interest rates for the first time in over a decade

Eight injured after fire breaks out in residential building in the UAE

The blaze broke out in a five-storey building in Ajman on Wednesday

Dubai’s DP World slams Djibouti’s plan to disregard international adjudications

The case has seen five rulings by London courts over the last three years

Selling cigarettes without digital tax stamps in the UAE prohibited from August 1

The scheme seeks to electronically track cigarettes packs from the production facility and until they reach the end-consumer

Dubai’s DIFC Courts announces changes to will registration rules

Will registrations will now cover investor assets across the UAE and outside the country

Singapore’s sovereign wealth fund to invest $600m in ADNOC’s crude pipelines

The deal will take the combined lease-based investment of GIC, ADRPBF, KKR and BlackRock in the ADNOC’s pipeline infrastructure to $4.9bn

UAE increases petrol prices for August

Fuel prices in the country were cut by 10 per cent in July

List of business service fees cancelled by UAE’s ministry of Economy revealed

Earlier this month, the ministry announced it had waived or reduced the fees for over 100 services

Dubai’s DIFC adds 250 companies, 660 new jobs in first half of the year

The total number of active registered firms in the centre now stands at 2,289

Baby dies in Dubai villa fire

The baby was sleeping in her room when the blaze broke out in the house in Al Barsha 3 on Sunday

Abu Dhabi’s Etihad to launch fourth daily service to London

The new service will launch in October to meet growing demand on the route

Abu Dhabi’s Mubadala says assets grew by 80% to $229bn in 2018

The results are the first since Abu Dhabi Investment Council (ADIC) joined Mubadala last year

Abu Dhabi Commercial Bank Q2 profit falls 11% on lower income

This is the first combined proforma financials after ADCB merged with Union National Bank and Al Hilal Bank

Astronomers predict start of Eid Al Adha

The UAE has already announced the holidays for the public and private sectors

Dubai launches ferry service to Sharjah

The ferry will operate 42 journeys (21 in each direction) everyday

UAE residence visa

New UAE work permit launched for men on family sponsorship

Previously, work permits were only granted to women sponsored by a parent or spouse

Building the court of the future in Dubai: Amna Al Owais on leading DIFC Courts

From tech developments to international relationships, DIFC Courts has grown significantly in recent years

UAE expat racks up over Dhs1.1m in traffic fines

The 31-year-old committed 106 traffic violations over the span of one year

Filipino expat in UAE jailed for 10 years, fined Dhs2m for joining ISIL

The 35-year old will be deported after serving his sentence

Abu Dhabi confirms that four road toll gates will be operational from October

The toll fee will be Dhs4 for every pass during peak hours from Saturday to Thursday