Home next GCC next UAE

UAE

Etihad Rail To Begin Commercial Operations In 2015

The first phase of the network that is currently under testing is scheduled to begin operations soon, an official said.

Abu Dhabi’s Mubadala Petroleum To Explore Big Morocco Offshore Area

The company has an exclusive licence to carry out a geological survey of the Mediterranee Ouestarea, which comprises 3,433 sqkm.

Dubai Developer Arady To Handover Units At DIFC Tower From March-End

The Central Park Residential Tower in DIFC consists of 426 apartments.

Dubai’s DGCX In Talks With Local Bank For Spot Gold Contract

The exchange, which currently trades gold futures, said last year that the spot contract was expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold.

Emirates President Rebuts Resignation Claims

Speaking in Washington, he said discussions with US authorities had been “very constructive”.

Etihad Received Loans And Equity Investment From Shareholder – CEO

Hogan said few young companies have operated as transparently as Etihad, which is little more than a decade old.

Emirates Airline Says Will Rebuff U.S. Allegations, Seeks Apology

Emirates airline’s Tim Clark said that some figures in the report are factually wrong and that the airline will set the record straight.

US And Gulf Airlines Set To Clash At Aviation Summit Over Subsidy Row

Three U.S. airlines have accused their GCC competitors of receiving more than $40 billion in government subsidies, a charge which the latter deny.

UAE Chauffeur Car App Careem Acquires Moroccon Start-Up Taxiii

The new service, called Careem Morocco, will begin services on March 26 in Rabat and Casablanca.

Egypt, Arabtec To Sign Agreement On $40bn Housing Project Within 10 Days

The two parties differed over the percentage of completed units that Arabtec should deliver to Egypt in lieu of payment for land used in the project.

Abu Dhabi Carrier Etihad Partners With Facebook

The partnership will enable the airline to tailor its services and marketing to specific travellers.

Passenger Rail Not An Immediate Priority For The UAE – Minister

The country is currently focussing on operating rail services for the cargo sector, a senior official has said.

Dubai Needs Cheaper Telecom Rates To Become Global Financial Hub – Expert

Increased competition in the UAE’s telecoms sector will help make services more affordable for new companies.

Emirate Of Ras al-Khaimah To Meet Investors From Thurs For Sukuk Issue

Investor meetings will start in Singapore on Thursday, before moving to Kuala Lumpur on Friday, the United Arab Emirates on Sunday and London on Monday.

Dubai’s Daman Investments Aims To Launch IPO Within Weeks

The company had announced last November that it planned to list on the Dubai Financial Market during the first quarter of 2015.

Exclusive: Palm Jebel Ali Will Not Be Cancelled – Nakheel Chairman

The project will be built in the long-term, depending on market conditions, says Ali Rashid Lootah.

NBAD To Add Export Financing To Its Egypt Operations – CEO

The lender plans to target affluent and high net worth individuals in Egypt.

Video: HTC One M9 To Launch By End-March In UAE, Full-Gold Model To Debut In ME

The flagship phone, featuring a 20MP main camera, will be priced at Dhs2,749.

St Regis To Open First Polo Resort In Dubai

The resort will have 136 rooms, residential villas, a polo academy, a polo club and a riding school.

Dubai Investments To Float Group Member In 2016 -CEO

The official did not specify which company will be listed.

Abu Dhabi Police Nabs Armed Abaya Clad Robbery Suspect

The fully veiled suspect allegedly threatened employees of an Abu Dhabi money exchange with a fake plastic gun.

Dubai’s Emaar Says Not Part Of Egypt’s Capital City Project

The company said in a Dubai bourse statement on Monday that it was not involved in developing the planned new capital to the east of Cairo.

Landmark’s iCARE Clinics To Invest Dhs150m In UAE Expansion

The group aims to operate a total of 20 clinics in the country within the next three years.

Masdar, ACWA Power Ink Deal For Renewable Energy Projects In Egypt

The firms are looking at developing renewable projects with a capacity of 2 GW in Egypt.

Exclusive: Nakheel Head Justifies Fee Hike For Property Extension

The developer has not breached its contract, states Ali Rashid Lootah, chairman of Nakheel.

UAE To Build Egypt’s New Capital City

Capital City Partners, a private real estate investment fund headed by Emaar Chairman Mohammed Alabbar, will build the new Egyptian city.

UAE’s Majid Al Futtaim Says To Invest $590m More In Egypt

The new projects include development of four shopping malls and other facilities in greater Cairo, and the introduction of VOX cinemas over the next five years.

Dubai Water Canal Project’s Phase 1 Almost 40% Complete- RTA

Phase II and III of the project are 25 per cent and 15 per cent complete respectively, a senior official said.

UAE’s Dana Gas To Invest $350m In Egypt

The investments include drilling nearly 40 new development wells, a similar number of workovers on existing wells, building new pipelines and debottlenecking an existing plant.

ADNOC Sells Naphtha From Expanded Ruwais Refinery Below Market Price

This was ADNOC’s first naphtha spot sale after the expansion of its Ruwais refinery, where capacity has been more than doubled.