Local News

Bloomberg Dubai is set to see retail space surge by 50 percent over the next three years, even as consumer spending slows in the Persian Gulf city, according to real estate adviser CBRE Group Inc. More than 1.5 million square meters (16 million square feet) of space will be added at the city of 3 million people, CBRE estimates. That’s ...

DAMMAM / WAM The UAE has done impressive work to stay on track with the renewable energy targets and with phases 3 and 4 of the Dubai Solar Park to begin commissioning by the end of 2020, and is placed at the forefront of renewable energy development in the region, according to a research published by the Arab Petroleum Investments ...

RIYADH / WAM The presence of the joint forces of the Arab Coalition on the island of Socotra is within coordination with the legitimate Yemeni government, and that the coalition welcomes the statement issued by tribes and sheikhs of Saada Governorate, totally rejecting the Iranian-backed Houthi coup, the official spokesman for the Coalition to Support the Legitimacy in Yemen, Colonel ...

Abu Dhabi / WAM Work timings for all private sector organisations will be shortened by two hours throughout the Holy Month of Ramadan, according to a circular issued by Nasser bin Thani Al Hamli, Minister of Human Resources and Emiratisation, on Tuesday. The circular was based on Article 65 of the Federal Law No. 8 of 1980. The minister expressed ...

DUBAI / WAM The UAE recorded very positive figures and rates in the outcomes of the indicators of the UAE National Agenda pertaining to the works of the Ministry of Interior (MoI), officials said. Speaking in a press conference organised at Dubai Police Officers’ Club, Dhahi Khalfan, Deputy Chairman of Police and General Security in Dubai, stressed that the UAE, ...

Dubai / Emirates Business Emirates will commence its signature Ramadan service for customers during the holy month. Emirates’ Ramadan service consists of specially crafted iftar meals on board, relevant programming on its ice inflight entertainment system, and the distribution of dates and water on the ground for those breaking their fast. Emirates provides iftar boxes with a nutritional meal for ...

ABU DHABI / WAM The Abu Dhabi National Oil Company (Adnoc) on Monday announced it has signed a project development agreement with Cepsa of Spain for a new, world-scale Linear Alkylbenzene (LAB) facility in Adnoc’s refining and petrochemicals complex in Ruwais. The LAB project is one among a number of initiatives to be executed as Adnoc looks to significantly enhance ...

ABU DHABI / WAM The Department of Culture and Tourism — Abu Dhabi (DCT Abu Dhabi), will lead a delegation of partners and stakeholders to the ITB China event this month in a bid to capitalise on and reinforce the emirate’s popularity with Chinese travellers. The department will be joined by five key stakeholders at the travel and tourism fair, ...

Bloomberg Baker Hughes, a GE Co, is in talks with Abu Dhabi National Oil Co (Adnoc) to set up a partnership that could lead to the US firm taking a minority stake in the state-owned energy giant’s drilling unit, according to people with knowledge of the matter. Adnoc is working with boutique advisory firm Moelis & Co and is also ...

ABU DHABI / WAM Humaid Matar Al Dhaheri, Group CEO of Adnec, has praised UAE Cabinet decision pertaining to VAT on exhibitions and conferences, inviting all public and private sector firms, partners, event organisers and specialised associations, to make optimum use of such initiative. He further said that it will consolidate their presence in the UAE by strengthening the existing ...