United Arab Emirates
United Arab Emirates - Business
Friday - 26th May, 2017
Adnoc and OMV sign agreement
Abu Dhabi National Oil Company (Adnoc) will work together with the Austrian producer OMV to help gro...
Thursday - 25th May, 2017
Building begins at emirate’s largest solar power project
Construction of Abu Dhabi’s largest solar power plant began yesterday after a financing package, t...
Wednesday - 24th May, 2017
Economy shows signs of recovery
Abu Dhabi’s economy is showing signs of recovery amid government spending on projects, says a seni...
Tuesday - 23rd May, 2017
Gulf investors eye France
Arabian Gulf investors are expected to beat a track to France after the euro zone’s second-biggest...
Monday - 22nd May, 2017
Region’s ‘youth bulge’ a priority if employment gap is to be filled
DEAD SEA // More effort is needed to find jobs for a forthcoming “youth bulge” into the workforc...
Sunday - 21st May, 2017
US firms commit to kingdom
RIYADH // The defence company Lockheed Martin will assemble 150 Black Hawk helicopters in Saudi Arab...
Friday - 19th May, 2017
Super Sale gives retailers a lift
Slash it and they will run proved to be very much the case yesterday for Dubai retailers in need of ...
Thursday - 18th May, 2017
Red tape dampens solar demand
Homeowners in Dubai need more incentives and fewer obstacles to encourage them to install solar roof...
Wednesday - 17th May, 2017
Balancing act for oil markets accelerates
The International Energy Agency says the world oil market appears to be rebalancing, despite lower-t...
Tuesday - 16th May, 2017
Awareness helps ease personal debt stigma
UAE residents struggling to meet their financial obligations are now more open to seeking help as a ...
Monday - 15th May, 2017
Emaar residential launches lift profit amid ‘positive economy’
A spike in the value of sales of new residential property in Dubai helped lift first-quarter profit ...
Sunday - 14th May, 2017
Cyber security pioneer urges more vigilance
Authorities in the UAE have become increasingly alert to the threat posed by cyber threats such as t...
Friday - 12th May, 2017
Emirates shows resilience after testing year leads to profit fall
Emirates Group, which includes the airline and groundhandling unit dnata, reported a 70 per cent yea...
Thursday - 11th May, 2017
Mashreq chief sees profit from rate rises
Higher interest rates and less money set aside to cover bad debt will help UAE banks overcome static...
Wednesday - 10th May, 2017
Land and property sales keep Aldar profit ahead of estimates
The Abu Dhabi developer Aldar Properties compensated for a drop in government income in the first qu...
Tuesday - 9th May, 2017
Dubai moving passengers faster
Passengers are passing at a faster pace through immigration at the Dubai International Airport thank...
Monday - 8th May, 2017
Emaar Malls holds income level despite effect of a strong dollar
Net profit at Emaar Malls remained nearly static during the first three months of the year compared ...
Sunday - 7th May, 2017
Standard Chartered sees signs of recovery
Standard Chartered is seeing signs of recovery in its UAE retail banking business as credit card spe...
Friday - 5th May, 2017
Arabtec’s wait for quarterly profit ends
Arabtec yesterday posted its first quarterly profit in two-anda-half years as the contractor’s new...
Thursday - 4th May, 2017
Dana Gas to start sukuk restructuring
Dana Gas said yesterday it would begin discussions to restructure its US$700 million Islamic bond ma...
Wednesday - 3rd May, 2017
Online luxury push on track with launch early next year
The joint venture between Yoox Net-A-Porter and Mohamed Alabbar to bring its online luxury platform ...
Tuesday - 2nd May, 2017
First day at Mubadala Investment Company
Khaldoon Al Mubarak, the group chief executive and managing director of Mubadala Investment Company,...
Monday - 1st May, 2017
RAK Properties boosted by new complex
Profit at RAK Properties more than doubled in the first three months of 2017 compared with a year ea...
Sunday - 30th April, 2017
Abu Dhabi’s Al Qudra to buy Al Rayan through share swap deal
Abu Dhabi-based investment company Al Qudra Holding (Al Qudra) has announced that it is set to buy A...
Friday - 28th April, 2017
SME lending gap in region must be filled, urges AMF
The Arab Monetary Fund (AMF) said there is a 300 per cent funding gap for small- and medium-sized en...
Wednesday - 26th April, 2017
Emirates charts growth
Emirates airline is looking East for growth. It will also continue to expand, will post a p...
Monday - 24th April, 2017
Parsons chief stays upbeat on region despite payment issues
The chief executive of Parsons has said that he sees “several good signs” in the Middle East mar...
Sunday - 23rd April, 2017
Oman storage deal with Iraq boosts oil-trading strategy
Oman is set to sign a strategic oil storage deal with Iraq this week, part of the sultanate’s broa...
Friday - 21st April, 2017
GCC oil producers agree to seek output deal extension
The six-member GCC countries have agreed to push for an extension of the oil output deal between Ope...
Thursday - 20th April, 2017
Adnoc hires advisers as it seeks out new partnerships
The Abu Dhabi National Oil Company (Adnoc) has hired new financial public relations advisers as it m...
Tuesday - 18th April, 2017
Reem Island project for Aldar
Aldar Properties will continue its focus on the price-conscious Abu Dhabi investor with the launch a...
Monday - 17th April, 2017
Scoring system from credit bureau
Al Etihad Credit Bureau (AECB) launched a credit scoring system today, which could signal the end of...
Friday - 14th April, 2017
Mediclinic profitability pulled down by Abu Dhabi changes
The South African private healthcare provider Mediclinic said yesterday that its healthcare business...
Wednesday - 12th April, 2017
DIB beats estimates as outlook improves
Dubai Islamic Bank (DIB) kicked off earnings season with results that beat estimates amid signs of a...
Tuesday - 11th April, 2017
Brighter signs for economy in Dubai
Dubai’s economic fortunes, which have been shaken in recent years by low oil prices, may be on the...
Sunday - 9th April, 2017
Investors wait and see after US strike
Investors say that while the US air strikes on Syria increase uncertainty in the region, any signifi...
Friday - 7th April, 2017
Drake & Scull targets capital raise by end of this month
Dubai-based contractor Drake & Scull International aims to finalise by the end of this month...
Thursday - 6th April, 2017
Investment in Dubai property by overseas buyers declines
The amount of money spent by overseas investors in Dubai last year plummeted by more than 40 per cen...
Wednesday - 5th April, 2017
Adnoc chief seeks out gas partners for infrastructure
The chief executive of Abu Dhabi National Oil Company (Adnoc) is targeting downstream natural gas in...
Monday - 3rd April, 2017
New lender to be called First Abu Dhabi Bank
FGB and NBAD have combined to become First Abu Dhabi Bank, following the official completion of thei...
Friday - 31st March, 2017
Taqa posts Dh19bn loss for year
Abu Dhabi National Energy Company, known as Taqa, said that it lost Dh19 billion last year as it rea...
Wednesday - 29th March, 2017
Digital era opens up opportunities
The world’s manufacturers are facing a protectionist, anti-globalisation backlash but also see the...
Tuesday - 28th March, 2017
New Saudi oil tax in big step towards reform and IPO
Saudi Arabia’s finance ministry set new income taxes for oil companies yesterday in a well-flagged...
Sunday - 26th March, 2017
Focus on production at summit in capital
Government support will be the main driver of manufacturing and industrial development in the UAE an...
Friday - 24th March, 2017
ENBD Reit climbs on first day of trading
Shares in ENBD Reit, the UAE’s second real estate investment trust, rose by 5.4 per cent during it...
Thursday - 23rd March, 2017
Arabtec is on ‘top of risks’, says firm’s chief
Hamish Tyrwhitt, the chief executive of Arabtec, which has about Dh6 billion worth of trade and othe...
Wednesday - 22nd March, 2017
Inflation heats up in building sector as energy prices rise
Rising energy costs across the region are already affecting local manufacturers and could lead to mo...
Monday - 20th March, 2017
Abdulla Al Habbai appointed as Dubai Holding chairman
Abdulla Al Habbai, the current chairman of Meraas Holding and Dubai Parks and Resorts, has been appo...
Sunday - 19th March, 2017
Fuel-efficient car race inspires Sharjah family firm’s recycling drive
Mughees Khan began building a car four years ago to represent the American University of Sharjah (AU...
Friday - 17th March, 2017
Key interest rate rises in line with Fed
The Central Bank of the UAE raised interest rates on its certificates of deposit by 25 basis points ...
Thursday - 16th March, 2017
OECD oil inventories rise as cuts take time
The International Energy Agency (IEA) says the slow progress in reducing the world oil glut should c...
Tuesday - 14th March, 2017
Standards for Made-in-UAE label
Sheikh Mansour bin Zayed, Deputy Prime Minister and Minister of Presidential Affairs, centre, Mohamm...
Monday - 13th March, 2017
Abu Dhabi buildings to get efficiency retrofits
Abu Dhabi will begin tendering projects to help to reduce energy and water consumption at up to 3,00...
Friday - 10th March, 2017
Ministers address cracks in oil deal
Top oil ministers in Houston have been reassuring the world that their output deal is working, altho...
Wednesday - 8th March, 2017
Showing they mean business
A Facebook group set up for women in business across the Arab world has attracted more than 20,000 f...
Tuesday - 7th March, 2017
UAE economy could exceed expectations
The UAE Minister of Economy says he expects GDP growth to reach 3.5 to 4 per cent this year, boosted...
Sunday - 5th March, 2017
New UK property taxes threaten to take a toll on UAE investors
Sweeping UK property tax changes being introduced next month could leave UAE investors out of pocket...
Friday - 3rd March, 2017
Arabtec plans three-step recovery
Arabtec Holding unveiled yesterday a three-step recovery plan as it seeks to win support from shareh...
Thursday - 2nd March, 2017
Irish farmers pitch for UAE trade
Irish farmers are often the brunt of jibes from their urban-dwelling countrymen and women for compla...
Wednesday - 1st March, 2017
EGA grows profit in spite of low prices
Emirates Global Aluminium (EGA), one of the world’s biggest aluminium producers, said yesterday it...
Tuesday - 28th February, 2017
UK tourists make UAE their pick for holidays
British holidaymakers are heading to the UAE despite the weak pound as other winter sun destinations...
Sunday - 26th February, 2017
Abu Dhabi to boost EV charging stations
Abu Dhabi National Oil Company (Adnoc) Distribution plans to increase the number of electric vehicle...
Friday - 24th February, 2017
NIMR wins contract to supply vehicles to UAE Armed Forces
NIMR Automotive on Thursday bagged a contract to supply more than 1,765 armoured vehicles to the UAE...
Thursday - 23rd February, 2017
Adnoc takes 10-year view on LPG
State-owned Abu Dhabi National Oil Company (Adnoc) said on Wednesday that it has signed a long-term ...
Wednesday - 22nd February, 2017
UAE Armed forces awarded 31 deals worth Dh4.07 billion on day three of The International Defence Exh...
Monday - 20th February, 2017
UK’s Hesco hopes to employ UAE war veterans at its Al Ain factory
A British company that makes defensive barriers for the military hopes to employ UAE war veterans in...
Sunday - 19th February, 2017
Paramount aims to fly higher
Paramount Group, a privately owned South African defence company with more than US$1 billion in annu...
Friday - 17th February, 2017
Focus on costs as du targets fresh boost to its bottom line
The telecoms operator du intends to optimise costs to the tune of over Dh1 billion by the end of 201...
Thursday - 16th February, 2017
Participants gather from 25 countries as International Offset Conference begins
The Abu Dhabi International Offset Conference (Adioc), an event sponsored by the Ministry of Defence...
Wednesday - 15th February, 2017
Signs of momentum for Dubai property
Two of Dubai’s largest property developers reported yesterday a boost in fourth-quarter net profit...
Monday - 13th February, 2017
Simply a challenge of convenience
The take-up of electric vehicles (EVs) in the UAE will hinge on the swift installation of charging s...
Sunday - 12th February, 2017
Confidence in economic outlook brightens
Economic sentiment in the UAE is improving amid a rise in oil prices and a pick up in activity in no...
Friday - 10th February, 2017
Japanese PM to speak in Dubai
Japan’s prime minister Shinzo Abe will be in Dubai on Sunday, less than 48 hours after what is exp...
Thursday - 9th February, 2017
Etihad eyes growth this year as passenger numbers rise
Amid a “very tough” business environment, Etihad Airways carried 18.5 million passengers last ye...
Wednesday - 8th February, 2017
Dubai maintains tourism growth
The number of tourists visiting Dubai grew by 5 per cent last year despite India’s demonetisation ...
Monday - 6th February, 2017
Mall owners should drop rent says Dubai business chief
Mall owners should reduce rents to compensate for the slowdown in the retail sector, the chief of th...
Sunday - 5th February, 2017
Abu Dhabi ‘to make surplus’
The credit ratings agency Standard & Poor’s is forecasting that the Abu Dhabi budget will ...
Friday - 3rd February, 2017
Earnings up at Shell with assets divested
Royal Dutch Shell yesterday reported improving earnings for the fourth quarter of last year and said...
Thursday - 2nd February, 2017
Etihad and Lufthansa signal closer ties after $100m catering deal
Etihad Aviation Group and Lufthansa signalled the potential for increased collaboration after the ai...
Wednesday - 1st February, 2017
MAF makes expansion plans as earnings rise across the board
Majid Al Futtaim (MAF), the conglomerate behind Mall of the Emirates, is forging ahead with expansio...
Monday - 30th January, 2017
Breakthrough year for Dubai property mortgage market
The number of homes changing hands in Dubai may be slipping, but the mortgage market is in rude heal...
Sunday - 29th January, 2017
an investment opportunity
Arab Health organisers are expecting visitor numbers to hit 120,000 this week as exhibitors tap into...
Friday - 27th January, 2017
Ford posts loss
Ford Motor yesterday reported a fourth-quarter net loss of US$783 million, its first quarterly loss ...
Thursday - 26th January, 2017
More Abu Dhabi tourists in 2017
Abu Dhabi expects to attract more visitors this year by focusing on its top source markets, includin...
Wednesday - 25th January, 2017
SME ranking system can speed up payments
Small businesses in Dubai could find it easier to tap funding and get paid quicker by government cli...
Tuesday - 24th January, 2017
Abu Dhabi shipbuilder targets services and repairs growth
Abu Dhabi Ship Building is expanding its business of servicing and repairing commercial vessels amid...
Monday - 23rd January, 2017
Miral investment plans to help boost tourism outlook
Miral Asset Management is spending Dh700 million on new rides and experiences at Ferrari World as it...
Sunday - 22nd January, 2017
Mall operator Maf focuses its ambition on e-commerce
DAVOS // Majid Al Futtaim Holding wants to expand its e-commerce operations and would not rule out a...
Friday - 20th January, 2017
May says Gulf states keen on deals with UK
DAVOS // Theresa May, the British prime minister, has revealed that Arabian Gulf countries are inter...
Thursday - 19th January, 2017
Etihad has firm belief in partner strategy
Etihad Airways yesterday underscored the effect of its investments in other airlines, saying that th...
Wednesday - 18th January, 2017
Transparency boost for Dubai
Dubai is forecasting higher economic growth of 3.1 per cent for this year and plans to provide an ec...
Tuesday - 17th January, 2017
Renewables drive picks up pace
Saudi Arabia plans to invest up to US$50 billion to help meet its target of producing enough electri...
Monday - 16th January, 2017
Saudis bring clean energy ambitions to Abu Dhabi
Saudi Arabia’s economic diversification drive has fuelled expansion efforts for local energy compa...
Sunday - 15th January, 2017
Total in deal-making mode, could up Abu Dhabi assets
Total has started to pursue deals more aggressively as oil prices stabilise and could acquire more a...
Friday - 13th January, 2017
Opec production cut deal could be extended
Opec members could renew their six-month output cut agreement, the Saudi oil minister said yesterday...
Thursday - 12th January, 2017
Al Mazrouei urges producers to show their credibility
The Minister of Energy urged producers that have committed to output cuts to prove their credibility...
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