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UAE

Abu Dhabi starts operations at world’s largest solar plant

The Dhs3.2bn project is expected to generate 1,177 MW of energy

Consortium led by Saudi’s ACWA Power to raise over $2bn for Dubai solar project

The loan will fund the $4.3bn Noor Energy 1 project, expected to become the world’s largest single-site concentrated solar power plant

UAE authorities dismiss reports of denying journalists entry for Asian Cup

Media reports had earlier claimed that five Qatari journalists were denied entry into the UAE

Commercial Bank of Dubai to take control of Abraaj assets secured against loan

Dubai-based Abraaj, worth $13.6bn, collapsed last year following turmoil triggered by a row with investors

UAE to issue commemorative coins for Asian Cup

A silver coin as well as a one dirham coin are being created for the occasion

UAE low cost carrier Air Arabia launches flights to Belgrade

The service will begin in June with four weekly flights

Emiratisation of jobs in the UAE rises by 200% in 2018, set to grow further in 2019

Sheikh Mohammed chairs UAE cabinet meeting to decide plans for 2019

Video, pics: Palm Tower, with one of Dubai’s highest pools, gets ready to open this year

The luxury tower, which rises 240 metres tall, will include a 289-room St. Regis hotel and 432 residences

Abu Dhabi’s Masdar launches region’s first all-electric bus

The bus can seat 30 passengers with a range of 150 kilometres per battery charge

Dubai Tourism to return $68m in bank guarantees to local firms

Bank guarantees will be returned to tourism companies in Dubai as the emirate seeks to attract 25 million visitors by 2025

AW Rostamani and Hilton to build a hotel in Bur Dubai

The 458-room hotel is expected to be ready by 2020

Maintenance underway at Jebel Jais zipline, which closed after helicopter accident

Operators say the facility will be reopened once an assessment and maintenance work is completed

In pictures: Dubai’s ruler approves DIFC expansion plan

The new expansion will add a total of 13 million square feet of space to the DIFC

Pakistan says UAE’s financial assistance to shore up economy

Abu Dhabi’s Crown Prince Sheikh Mohammed visited Islamabad on Sunday and confirmed a $3bn loan package

Abu Dhabi’s Aldar unveils Dhs2bn project with villa plots priced from Dhs690,000

The mid-market, mixed-use development, Alreeman, will offer residential and commercial land plots

Abu Dhabi’s Masdar to double renewables capacity in five years – CEO

The company has so far invested $8.5bn to build capacity of 4GW in renewables projects

Luxury residential waterfront project launched at Dubai Creek Harbour

The 44-storey Palace Residences tower is the first launch in the Dubai Creek Harbour development in 2019

Dubai residential prices could fall by up to 10% in 2019 – report

Dubai is heading towards the bottom of its property market downturn, says Savills regional chief

UAE’s largest bank FAB to repay customers for fee charged in error

Customers of First Abu Dhabi Bank were charged a Dhs175 fee in error

New multi-screen Vox Cinemas to open at Dubai’s Wafi mall

The 16-screen multiplex will open in the third quarter of this year

UAE start-up Yallacompare raises $8m in new funding round

The new funds will be used to grow the workforce by up to 50 per cent as the company expands to other regional markets

Deposits outvalue loans by $23bn at UAE-based banks

Figures from the UAE’s Central Bank covered the first 11 months of 2018

ADNOC named world’s 6th most influential energy company

The company was the third highest place oil company behind Exxon Mobil and China’s CNPC

Sheikh Mohammed

A virtual commercial zone, Silk Road in Dubai among new projects outlined by ruler

Nine initiatives are revealed by Sheikh Mohammed under his ‘Fifty Year Charter’ programme

UAE’s Sheikh Mohamed bin Zayed visits Pakistan, meets PM Imran Khan

During the visit, the UAE is anticipated to sign a multi-billion dollar support package for Pakistan

Passenger traffic at Dubai airport reaches 81.4 million between Jan-Nov

The number of passengers using the airport fell 0.8 per cent to 6.9 million in November

UAE’s Gulftainer appoints new group COO

Fred Castonguay will help Gultainer expand its ports and logistics portfolio globally

Dubai bank Emirates NBD to make it easier for VAT-registered SMEs to get loans

The new programme will cover home loans, auto loans and business loan products

First year of VAT in the UAE: FTA reveals the key details of implementation

The UAE implemented 5 per cent VAT on the supply of most goods and services on January 1, 2018

UAE’s real GDP ‘to grow 3.7%’ in 2019

The IMF’s latest outlook figures predict growth in the UAE but decline in the US and China