Local News

  DUBAI / Bloomberg From commuter trains to highways, Dubai is doubling down on its bet that investments in transportation will spur the emirate’s economy. Dubai expects to solicit bids within eight months for road projects worth as much as four billion dirhams ($1.1 billion) as part of a bigger drive to upgrade transport links in the city, Mattar Al ...

  Bloomberg Abu Dhabi bonds jumped after the emirate announced plans to combine two of its biggest investment companies, stoking bets the emirate will provide more support for its government-related entities. Abu Dhabi National Energy Co.’s debt maturing 2024 rose the most since December 2014 on Wednesday, the day the government said it will merge International Petroleum Investment Co., also ...

  ABU DHABI / WAM The Securities and Commodities Authority (SCA) announced that financial markets will be closed from July 5-9, on the occasion of Eid Al Fitr. It will resume trading on July 10. The authority announced the holiday based on circular No. 25 of year 2016, issued by the Federal Government Human Resources Authority, after coordination with the financial ...

  Dubai / WAM Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, announced the launch of the Dubai Maritime Cluster Office, which is aimed to help support efforts directed in helping realise the objectives of the Dubai Maritime Sector Strategy (MSS) to make the emirate a leading global maritime ...

  Dubai / WAM Dubai-based flydubai has announced the addition of two new flights a week between Dubai and Bucharest, and will now fly daily to the Romanian capital. “We are delighted to announce our daily flights to Bucharest,” said Ghaith Al Ghaith, Chief Executive Officer of flydubai. “At flydubai, we are committed to expanding connectivity to destinations that have historically ...

  Dubai / Emirates Business Etihad Cargo, the freight division of Etihad Airways, launched a unique, new travel offer for guests who want to travel with their luxury car over the Summer period. Drivers can enjoy up to 20% off air cargo rates and their seat, when they book in First or Business Class. The cargo section for the national ...

  Dubai / Emirates Business Pure Gold Jewellers, the award winning jewellery retailer and the only World Diamond Mark certified retailer in the GCC, rolled out a new store concept design by a London based international retail design firm. The new modern store design is especially targeted at the millennials and offers an engaging shopping experience enhanced by technological features. ...

  Abu Dhabi / WAM The government-sponsored Sheikh Zayed Housing Programme approved AED383 million in loans and grants for 642 Emiratis eligible for housing subsidies. Of these, 503 citizens will receive loans while the other 139 will receive grants because they are people with special needs. The move was in line with directives from President His Highness Sheikh Khalifa bin Zayed ...

  Dubai / Emirates Business Al Ghurair Centre announced on Thursday the opening of three more brands in its latest expansion efforts in old Dubai. The stores include Pavers England, the established heritage brand shoe store & The Watch House, the popular chain offering the latest brands in watches opened their doors to Al Ghurair Centre shoppers Pavers England is ...

  Sharjah / Emirates Business The administration of Children’s Cancer Hospital Egypt in Cairo, the largest dedicated paediatric cancer hospital in the Arab region, praised the support it has received from Her Highness Sheikha Jawaher bint Mohammed Al Qasimi, wife of the Ruler of Sharjah, Founder and Royal Patron of the Friends of Cancer Patients (FoCP), International Ambassador of the ...