Tag Archives: UAE

The Department of Economic Development (DED) in Dubai on Wednesday honoured 40 winners of the Dubai Quality Award, the Dubai Human Development Award and the Dubai Service Excellence Scheme for their outstanding pursuit of excellence in 2017. The awards were presented by Shaikh Maktoum Bin Mohammad Bin Rashid Al Maktoum, …

The UAE Energy Minister Suhail Al Mazroui said on Monday that the global oil market is still being balanced, but Opec is targeting the right level of inventories for market stability. “The market is still in the process of being balanced, but the question is what is the right level …

Businesses in the UAE should expect to be among key beneficiaries of any anticipated boost to economic activity generated by the development of China’s Belt & Road Initiative through the Middle East, said HSBC UAE CEO Abdul Fattah Sharaf at a conference on “The New Global Trade Order”. “It is …

Appetite for business loans has moderately increased across the board, with the exception of the Emirate of Abu Dhabi, according to the Credit Sentiment Survey of the Central Bank of UAE for the first quarter of 2018. The survey is a quarterly publication of the central bank which collects information …

The Department of Economic Development (DED) in Dubai has signed a memorandum of understanding (MoU) with the Dubai Free Zones (DFZ) Council to facilitate business operations for free zone based companies. The collaboration is driven by the shared commitment of the two entities to reinforce Dubai as the number one …

Scores of Houthi field commanders were killed during confrontations with National Resistance Forces in Yemen’s Red Sea Coast front, WAM news agency reported on Saturday. Thousands of Yemenis have been reporting to voluntary military service and recruitment offices across Yemeni governorates to join the Yemeni National Resistance Forces under the …

Zahra Lari tells Gulf News how she started skating at 12 and about the headscarf controversy and her next goal     Image Credit: Courtesy: Zahra Lari The Asian Winter Games in Japan in 2017 has been Zahra Lari’s favourite competition till now. Published: 16:41 April 20, 2018 Jumana Khamis, …

A London High Court judge handed down an “enforcement order” on Thursday that the ownership of $540-million superyacht ‘Luna’, now impounded in Dubai, be immediately transferred to the name of the ex-wife of a Russian billionaire who is fighting for release of the vessel amid what’s believed to be the …

The UAE Minister of State for Foreign Affairs, Dr Anwar Mohammad Gargash, has lashed out at pro-Iran media for continuing to disseminate false news about Saudi Arabia and the UAE. “False news from Iranian sources, such as the Fars News Agency and Al Akhbar newspaper, against the UAE and Saudi Arabia, continue,” he posted on his …

The UAE and Bangladesh today (Wednesday) signed a Memorandum of Understanding on recruiting Bangladeshi domestic workers in the UAE. The agreement was signed in the presence of Nasser Bin Thani Juma Al Hameli, Minister of Human Resources and Emiratisation, by Saif Ahmad Al Suwaidi, undersecretary at the ministry, and Nomita …

Using cheques to settle bills, from rents, utilities to big-ticket purchases remains popular in the UAE, but it looks like people have smartened up or gotten extra cautious when dealing with non-cash transactions. The latest official data show that there have been fewer bad cheques intercepted in 2018 than in 2009, …

Members of the Federal National Council on Tuesday passed an anti-begging draft law. The new legislation, which requires final approval of President His Highness Shaikh Khalifa Bin Zayed Al Nahyan, carries three-month jail term and a Dh5,000 fine for those found guilty of begging. Able-bodied offenders and those with a …

DNO ASA, the Norwegian oil and gas operator, announced last night that it has acquired a further 3,744,203 shares in London-listed Faroe Petroleum plc at a price of £1.25 per share representing 1.02 per cent of the outstanding shares in the company. Together with two other recent transactions, also at …

The Abu Dhabi National Oil Company (Adnoc) today announced its plans to unveil its detailed downstream strategy and expansion plans for the Ruwais Industrial Complex, as well as introduce new partnership and investment opportunities at the Adnoc Downstream Investment Forum, in Abu Dhabi, on May 13 and 14. According to …

Cityscape Abu Dhabi kicked off on Tuesday with propertydevelopers showcasing a number of projects that are in different stages of completion. Aldar Properties is showcasing its Dh10 billion Al Ghadeer mixed use master plan close to Abu Dhabi, Dubai border. — Gulf News     The figures for on-site sales, allowed at …

His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, arrived on Sunday in Dhahran to attend Joint Gulf Shield-1, a military exercise. Shaikh Mohammad is attending the training at the invitation of Saudi Arabia’s King Salman Bin Abdul …

The Middle East has become latest market for SoftBank’s socio-humanoid robot, known as Pepper, Nicolas Boudot, EMEA sales director for SoftBank’s Robotics Europe, said that it is available in the UAE even before the company rolls it out in China and US, both planned for later this year. “We started …

A new law regulating voluntary work in Dubai was issued on Sunday with the aim of setting controls that will aim to motivate and protect volunteers. The law was issued by His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai. …

The GCAA, said it was closely monitoring the recent events with regards to the possibility of launching air strikes on Syria and its impact on airports in the Syrian border or neighbouring countries, which the UAE national carriers operate to and from. Saif Mohammad Al Suwaidi, Director General of GCAA, …

The master-developer Arada has signed up Emaar’s hospitality division to manage three of the four hotels at its Dh24 billion mixed-use community Aljada. The identity of the operator for the fourth hotel — expected to be an international name — would be announced next year. Emaar will put up three …

Nearly 10 years after the world’s most famous ocean liner steamed into its new home of Dubai, Queen Elizabeth 2 is set for a soft opening on April 18 at its new permanent home of Port Rashid. Invitations went out on Thursday to media in an informal announcement that the …

The family trust of a Russian oil-and-gas billionaire has won the right to appeal the temporary seizure in February of his $540-million superyacht, ‘Luna’, now docked in Dubai, Gulf News has learnt. With nine decks, two helipads, 10 VIP rooms and one of the world’s largest swimming pools on a superyacht, Luna …

Almost all, or 98.9 per cent, of the companies in the UAE required to file tax returns have done so on time. according to Khalid Al Bustani, director-general of the Federal Tax Authority (FTA). However, Al Bustani, who spoke to media to mark the first 100 days of VAT in …

The UAE on Tuesday condemned Somali authorities for seizing an Emirati civilian aircraft at Mogadishu airport. Somali authorities also reportedly seized money that was in the aircraft. The Ministry of Foreign Affairs said 47 members of the Emirati armed forces were onboard the aircraft when it was seized by Somali …

The so-called ‘father of the Fourth Industrial Revolution’, Henrik Von Scheel, said on Tuesday that the UAE was at the centre of global innovation, noting heavy investment in the technologies of the future. According to analysts, the Fourth Industrial Revolution, also known as Industry 4.0, is a collision of the …

The Abu Dhabi National Oil Company (ADNOC) announced, today, as part of Abu Dhabi’s first ever block licensing strategy and on behalf of the Supreme Petroleum Council (SPC), the details of the initial round of six geographical oil and gas blocks open for bidding. This follows the announcement last month …

The UAE has maintained its ranking as the world’s largest donor of official development aid, relative to its gross national income, for the fifth consecutive year. According to a report by the Paris-based Organisation for Economic Co-operation and Development (OECD), the UAE gave Dh19.3 billion worth of development assistance last …

The financial strain of stocking up on groceries and purchasing big-ticket items is expected to lighten during Ramadan. The Ministry of Economy has announced its annual reduction in prices that will affect over 10,000 products and goods, with discounts of up to 50 per cent in 600 outlets across the …

Buy off-plan or opt for a ready-to-move-into home from the secondary market? If Dubai’s developers had their way, they will want you deciding only on the first option. And they keep sweetening their offers to make that happen. At the Dubai Property Festival, a three-day event which opened in Dubai …

The Abu Dhabi National Oil Company (Adnoc) on Tuesday has announced that it opened six new onshore and offshore oil and gas blocks for licensing, totalling 30,000 square kilometres. More details to follow. Source: Gulf News

Shareholders of Adnoc Distribution, the fuel retailing subsidiary of the UAE’s state oil giant, on Sunday approved a Dh735 million (Dh5.88 fils per share) dividend payment, at the company’s first annual general meeting (AGM). The dividend was approved following a report of the company’s performance, which highlighted the significant achievements …

1) Intragastric balloon: This is a newer kind of weight-loss procedure in which a saline-filled silicone balloon is placed in the stomach. It helps patient lose weight by limiting how much they can eat and makes them feel fuller faster. It is usually recommended when the patient is overweight or …

A new Innovation Hub powered by Google has opened at UAE University (UAEU) in Al Ain as part of a collaborative effort involving Abu Dhabi’s Department of Education and Knowledge, Bayt Mitwahid Association, Google and the university. The hub is split into several different sections, including the maker area, where …

Austrian oil producer OMV AG and Abu Dhabi National Oil Co are set to sign a partnership deal later this month to produce oil from offshore fields in the Gulf, according to people with knowledge of the matter. The agreement will be signed in Abu Dhabi after months of negotiations, …

Motorists in the UAE who have long enjoyed their fuel tanks being filled by service workers at petrol stations will now have to pay for such services starting in mid-April, as Adnoc Distribution rolls out its new premium and self-service options across their stations. Residents who spoke with Gulf News …

On Thursday Australia confirmed its participation in Expo 2020 Dubai, the first World Expo to be held in the Middle East, Africa and South Asia (MEASA) region. The country’s participation was confirmed by Arthur Spyrou, Australian ambassador to the UAE, and Reem Al Hashimy, UAE Minister of State for International …

Consumers in the UAE are becoming more cost-conscious and less brand-loyal, according to a recently released survey. Shoppers in Saudi Arabia and the UAE felt that they were forced, over the last two years, to make adjustments to their spending habits, and now feel more confident about spending disposable income, …

Tamara, the latest artificial intelligence (AI) project launched by Al Arabiya at the 17th edition of the Arab Media Forum, can be described as a journalist with superpowers. Not only can Tamara process millions of pieces of information in a matter of milliseconds, she can also detect fake news, and …

If you’re planning to take a road trip abroad, hiring a car has become a lot easier as more countries are accepting the UAE driver’s licence. According to the Ministry of Foreign Affairs and International Cooperation (MoFAIC), the list of countries have included more – bringing the number of countries to …

Abu Dhabi courts have taken stringent action against several employers in the emirate, who violated labour laws, court officials said here on Wednesday. In some cases, especially in cases of non-payment of wages, the fines reached up to Dh5 million, a senior official from the Abu Dhabi Judicial Department (ADJD) …

The Trump administration is postponing until September a summit with Gulf Arab leaders that had been planned for this spring amid an ongoing dispute between Qatar and other U.S. allies in the region, according to five U.S. officials. The decision to delay the May summit with the six-nation Gulf Cooperation …

The Ministry of Human Resources and Emiratisation on Tuesday stressed that the government has no plans to implement a minimum wage policy in the UAE. In a statement, the ministry said that wages, including for domestic workers, will continue to be fixed through negotiation between employer and employee. “The UAE’s …

Emirates Global Aluminium (EGA) and Abu Dhabi Ports have announced the opening of a new freight station which will reduce trucking of EGA’s aluminium within Khalifa Industrial Zone Abu Dhabi (KIZAD) by over 290,000 kilometres per year. The new facility has been built close to EGA’s Al Taweelah site to …

Al Khail Gate community in Al Quoz will soon be made a paid parking zone, Gulf News has learnt. The Roads and Transport Authority (RTA) will shortly take over the management of parking spaces within Al Khail Gate community, the property management team has notified the tenants in a community …