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UAE

Dubai’s DWC to see 700% rise in flights during DXB runway closure

Dubai International airport’s southern runway will be closed for a complete refurbishment from April 16 to May 30

UAE’s new excise tax tobacco scheme to apply to shisha from Q4

The scheme works by means of a digital stamp on tobacco product packaging that ensures tax compliance

Emirates Lit Fest reveals Dhs20,000 ‘golden tickets’

The five tickets are reminiscent of Willy Wonka’s famous prize in children’s novel Charlie and the Chocolate Factory, and bring with them an array of privileges

Lego opens new MEA headquarters in Dubai as it expands across the region

The new regional headquarters will cover 68 markets across the region

Russia begins implementing visa waiver for UAE nationals

The two countries had signed a mutual visa waiver agreement last year

UAE’s Emirates Development Bank hires arrangers for dollar bond

Emirates NBD Capital, Industrial and Commercial Bank of China Ltd, and Standard Chartered Bank have been hired as joint lead managers

Mandarin Oriental opens Dubai city resort, marks regional debut

The property marks the luxury operator’s first new hotel in three years

Emirates named second most ‘intimate brand’ in the UAE

Tech company Apple topped the ranking by MBLM, with Ford, Mercedes and Audi making up the top five

UAE announces military deals worth over Dhs4.9bn at IDEX

Military deals worth Dhs3.87bn were signed with international companies

Etisalat will have UAE ‘ready for 5G’ this year

The telco is building 600 5G sites, and 300 5G towers, which will be ready before 5G handsets are rolled-out

More than half of Boeing’s Middle East deliveries go to UAE carriers

Some 54 per cent of Boeing’s commercial deliveries in the Middle East went to aviation giants Emirates, Etihad, and flydubai

Ramadan 2019: Astronomer predicts start date in the UAE

The first day of Ramadan is likely to fall on May 6 this year

Video: Heavy rains, hail in parts of the UAE as temperatures drop

Motorists have been cautioned to be careful on the roads due to poor visibility

Four UAE healthcare trends that will affect you in 2019

New technologies in the healthcare industry could help companies health insurance premiums under control

Flights temporarily grounded at Dubai airport after drone activity

Unauthorised drone activity at the airport disrupted operations for 30 minutes

Dubai’s Emaar Properties reports 27% Q4 profit increase

The company’s profit was helped by solid performances at its development and hospitality units.

UAE’s Dana Gas posts $186m net loss for 2018

The gas producer reported one-off non-cash impairments of $187m for its Zora field in the UAE

Damac quarterly profit down 87% as Dubai property prices tumble

Dubai property prices have steadily fallen since a mid-2014 peak

Dubai’s Bluewaters project begins handover to its first residents

The Dhs8bn Bluewaters project opened late last year

Air Arabia suffers $166m loss in 2018 amid Abraaj-related impairments

The airline faced impairment charges of Dhs1.13bn mainly on its overall exposure to Abraaj-related investments

Dubai International airport rebrands as it seeks to become a cultural hub

Dubai International retained its title of the world’s busiest airport for international passenger traffic in 2018

Abu Dhabi’s Etihad restructures Airbus, Boeing jet orders

The airline said it will take delivery of five Airbus A350s and 26 A321neos plus six Boeing 777-9s “over the coming years”

Emirates cuts A380 order, signs $21.4bn deal with Airbus for 70 A330, A350 jets

The Dubai airline’s total A380 order book will now stand at 123 units

Mubadala’s venture capital unit to launch $400m European fund, says executive

Mubadala Ventures will also invite international venture funds to invest in Abu Dhabi

Adopt AI or lose competitive edge, warns Oracle chief

Speaking at Oracle OpenWorld, regional senior vice president Andrew Sutherland also praised Dubai’s “forward thinking” approach to technology

Dubai’s Burj Khalifa unveils new dining lounge on 154th floor

Premium venue to serve as a visitor attraction and host corporate meets and events

Emirates to launch new service from Dubai to Phnom Penh via Bangkok

The new daily service is set to launch on June 1, 2019

Abu Dhabi’s Etihad to deploy Boeing Dreamliner jets on all China routes

The Boeing aircraft will be deployed on Etihad’s daily service to Chengdu from July 1, replacing the Airbus A330-200

Bank interest and dividends not subject to VAT in the UAE

There is no requirement to report income from bank deposits and dividends in the VAT return

UAE’s Dana Gas to drill in what could be Egypt’s next mega gas field

Seismic data has indicated reserves as large as 20 trillion cubic feet