ABU DHABI / WAM President His Highness Sheikh Khalifa bin Zayed Al Nahyan has issued, in his capacity as Ruler of Abu Dhabi, a law amending provisions of the Law No. 1 for 2003 pertaining to the establishment of Etihad Airways Company. Under the law, the Board of Directors of Etihad Aviation Group shall also serve as the Board of …

Bloomberg Torrential rain and electrical storms battered the UAE, shutting Abu Dhabi’s stock exchange and the city’s international airport. Schools were closed and roads across Dubai and other emirates were flooded. Wednesday’s trades at the Abu Dhabi Securities Exchange, the second-biggest in the Gulf Cooperation Council by market value, were cancelled, according to Al Arabiya TV. No one at the …

Dubai / WAM Local developer Emaar Properties has invited selected companies to bid by March 22 for the estimated AED500m ($136m) contract to build its Opera Grand Residential Tower in Dubai. The project involves the construction of a 65-70 storey tower a four level basement, ground floor and podium with townhouses, and 56 residential floors with seven levels for services. …