No Borders Investments sees potential in Voopter as it grows to 2m users per month
Author Archives: Staff Writer
Dubai retail firm Marka posts $40.8m net losses in 2016
Company has exclusive rights to manufacture and sell Real Madrid products in the Gulf region
Dubai seizes more than 3m counterfeit goods in four raids
Fakes of over 30 renowned brands are confiscated after raids on four warehouses in Dubai
Kuwait closes refinery, says unfit for business
Kuwait’s long-running Shuaiba refinery closes on Friday, will still be used to store oil products
Hyperloop One says to target $12bn cargo business in Gulf
US-based futuristic transport firm sets out plan to compete for air, rail, maritime and road freight in region
Dubai Holding CEO, vice chairman leave company
Fadel al-Ali and Ahmad Bin Byat have both left investment vehicle of Dubai ruler
Qatar Airways to launch laptop loan service after US ban
Doha airline says it is offering ‘best possible solution’ to recently imposed electronics ban
Nearly 40,000 Toyota vehicles recalled in the UAE
Al-Futtaim Motors says it has commenced a special service campaign over faulty airbags
Abu Dhabi’s TAQA posts $5bn loss for 2016
Abu Dhabi National Energy Co says loss was largely caused by post-tax impairment
Bahrain court jails, strips 3 of citizenship for ‘terrorism’
Trio found guilty of forming a terrorist cell and receiving Iranian funding aimed at destabilising Bahrain
Dubai builder breaches covenants on sukuk, other loans
Drake & Scull is in talks with its lenders to find new solutions on the debt facilities in question
Media group Vice to set up new HQ in UAE
Office opening part of youth media group’s plan to expand into 50 new territories internationally
UAE banking major raises $587m in green bond debut
National Bank of Abu Dhabi has issued the Gulf region’s first green bond for projects to fight climate change
Revealed: UAE prices for Samsung Galaxy 8, Galaxy S8 Plus
UAE-based Jacky’s Retail will soon start taking pre-orders for Samsung’s flagship smartphone Galaxy 8
What Brexit really means for UK-UAE trade
Jonathan MacPherson, deputy chairman and COO, British Business Group Dubai and Northern Emirates, says don’t believe everything you read
Kuwait set to sign deal for Oman oil refinery
Agreement with Kuwait comes after Oman failed to reach deal with Abu Dhabi’s state-owned IPIC
Dubai’s sukuk listings rise to new global high of $52bn
Gov’t of Indonesia boosts Dubai with listing of two sukuk with a total value of $3bn
Emirates plane involved in runway collision at Singapore airport
Emirates Airbus A380 and Singapore’s Scoot’s Boeing 787 Dreamliner hit each other at Changi Airport
UAE fund Mubadala plans overseas investments
State-owned fund says it may also sell or reduce some of its existing stakes in companies
Qatar 2022
Qatar seeks UK help to set up World Cup 2022 security unit
Gulf state inks deal to work with Britain to establish police unit to secure stadiums during tournament
Top UAE law firm sets up tax unit ahead of VAT launch
Al Tamimi & Company establishes dedicated tax practice ahead of Gulf region bringing in VAT in 2018
Qatar agrees to new $807m investment in Heathrow airport
Qatar is a major shareholder in Britain’s biggest airport, holding 20%
Fragrance of the month: Salvatore Ferragamo Uomo
Make an impact this month with a powerful fragrance that demands attention
Luxury on the high seas: Riva 110
Iconic yacht marque Riva announces new 110-foot flagship in collaboration with Officina Italian Design
Saudi Aramco appoints banks to advise on share sale
Initial public offering is expected to be the world’s largest equity sale
Thanks to Souq.com deal in Dubai, Bezos is world’s second richest
Amazon’s founder has added $10.2 billion this year to his wealth
Trump drops human rights demand to sell Bahrain fighter jets
Decision highlights the administration’s outreach to traditional GCC allies
Golden Dubai Frame slated to open in months
Launched in 2013, the $43.60 million project has faced delays a couple of times
Fujairah mourns death of deputy ruler
A three-day mourning period has been declared in the emirate
Ferrari World Abu Dhabi unveils its newest rollercoaster
“We have expanded the theme park’s portfolio to 37 rides and attractions”
Dubai policeman fines himself for hitting parked car
The car owner, who is an Egyptian doctor, posted the incident on social media
Dubai Crown Prince rescues truck driver stuck in desert
Video posted on social media shows the vehicle being pulled out of the sand
Only in Dubai? Or an April Fools’ Day joke?
A speculative idea ‘impossible to build with today’s existing technology’, says Cloud AO
Architect Hadid’s Abu Dhabi work seen from space
Company released satellite images of some of her famous creations, including Sheikh Zayed Bridge
UAE sentences Emirati professor to 10 years: rights group
He was “communicating with secret organisations linked to the Muslim Brotherhood”
Abu Dhabi police arrest hackers over ATM skimming scam
Four people detained after stealing more than AED1m by installing devices on cash machines across the UAE
Saudi police kill 2 gunmen in Shiite town raid
Police find ammunition and materials for making explosives in farms after gunfight
Bahrain sentences two to death over 2015 bomb attack
High Criminal Court also sentences five other people to life in jail and 15 more to shorter prison terms
Senior Kuwaiti civil servants face legal action over finances
Kuwait Anti-Corruption Authority refers six to public prosecution for failing to disclose financial statements on time
UAE approves visa on arrival for Indians with US visa, green card
UAE cabinet says 14-day entry visas will be granted which can be extended
Abu Dhabi Int’l sees 2.5% rise in February passengers
Top five destinations during February named as London, Bangkok, Mumbai, Doha and Jeddah
Saudi king urges political settlement to Syrian conflict
King Salman delivers speech at the opening of the Arab Summit
Laptop ban to affect 700 flights per week, says IATA
Aviation industry body estimates ban will hit 2% each of UK, US flights
Dubai’s Careem eyes acquisition, mulls IPO
Ride-hailing company plans to enter second-tier cities in Saudi Arabia, Egypt and Pakistan this year
With monster trucks and Comic-Con, Saudis defy killjoy image
Clerics and many citizens still consider it all very sinful, but the growing entertainment scene has a powerful backer in Deputy Crown Prince Mohammed
Sobha says 70% of luxury Dubai homes project sold out
Developer says phase 3 of Sobha Hartland Greens will be launched shortly
Kuwait firm plans complex to focus on cancer drugs
Kuwait-based Gulf Investment Corportation announces plan after taking stake in Saudi pharma firm
Abu Dhabi fund loses arbitration case against Citigroup
Case relates to Abu Dhabi Investment Authority’s $7.5bn investment to shore up bank during crisis
Dubai mulls cut to speed limits on major highways
Dubai Police, RTA consider plan to lower limits on Sheikh Mohamed bin Zayed Road and Emirates Road
Aviation
Experts weigh cost of electronics ban to Gulf carriers
Airlines may have to fork out millions of dollars for extra ground staff and in-flight laptops
Focus: ‘Amazon did not come to the region for Souq.com alone’
E-commerce experts say retailers will have to up their game following Amazon’s acquisition of the UAE online retailer this week
Merged UAE banking giant seen earning bigger MSCI weighting
Thursday marks the last day of trading in First Gulf Bank before its combination with National Bank of Abu Dhabi
Elie Saab collaborates with The Rug Company
Collection features three modern rug designs revolving around themes of foliage, floral motifs, texture and abstraction.
Dubai plans revamp of rental laws to stabilise market, reduce disputes
Exclusive: New regulations may come into force by June, say sources