November 2016 — Topical news of the United Arab Emirates

November 9, 2016 no comments 851
The United Arab Emirates will prepare documentation to govern public-private partnerships (PPPs) by the end of 2016 as it encourages more private sector participation in infrastructure projects, a minister said on Tuesday. The documentation, which will be used instead of drafting a new PPP...

November 8, 2016 no comments 816
He was found guilty of promoting Daesh over the Internet and recruiting people to the group. The State Security Circuit of the Federal Supreme Court on Monday sentenced a GCC man, identified as S.A.M., to seven years in jail and fined him Dh500,000 after he was found guilty of promoting...

November 8, 2016 no comments 778
Mohammad Bin Zayed and Meng Jianzhu discuss bilateral relations and ways to take them to higher levels Abu Dhabi: His Highness Shaikh Mohammad Bin Zayed Al Nahyan, Abu Dhabi Crown Prince and Deputy Supreme Commander of the UAE Armed Forces, yesterday received Meng Jianzhu, Special Envoy of...

November 8, 2016 no comments 864
National Bank of Abu Dhabi (NBAD) aims to complete a planned $2 billion loan to refinance existing bilateral debt and provide new funding by the second week of December, banking sources told Reuters on Monday. Last month NBAD said raising the money would help consolidate its banking...

November 8, 2016 no comments 913
Dubai: Meraas has announced a 20,000-seater indoor events stadium, the Dubai Arena, to be completed at City Walk by the end of 2018. The Dubai-based holding company says the multipurpose arena, which will cover half-a-million square feet, is intended as the “go to” venue for large...

November 8, 2016 no comments 827
Abu Dhabi's Aldar Properties reported a 17.9 percent increase in third-quarter attributable net profit on Tuesday, according to a bourse filing. Net profit attributable to the owners was 747.8 million dirhams ($203.6 million) for the three months to Sept. 30, compared with a profit of 634.3...

November 8, 2016 no comments 689
Etihad Airways plans to issue a debut U.S. dollar-denominated benchmark sukuk and will meet investors over the coming days to determine its size, maturity or interest rate, sources told Reuters on Monday. Investors said the planned Islamic bond, known as a sukuk, could be as large as $1...

November 7, 2016 no comments 828
Dubai's DAMAC Properties reported a 11.7 percent fall in third-quarter net profit on Monday as revenue slipped. The developer reported a net profit of 902.0 million dirhams ($245.6 million) for the three months ended Sept. 30, according to a statement to Dubai's bourse. This is down from 1.02...

November 7, 2016 no comments 791
"The committee will study challenges and negative repercussions of the Act" His Highness Shaikh Mohammed bin Rashid Al Maktoum, Vice-President, Prime Minister of the UAE and Ruler of Dubai, on behalf of the President, His Highness Shaikh Khalifa bin Zayed Al Nahyan, opened the second...

November 7, 2016 no comments 998
ABU DHABI // Prince Charles saw the finished Sheikh Zayed Grand Mosque for the first time on Sunday, at the start of a short sightseeing tour of the country with his wife, Camilla. The Prince of Wales, heir to the British throne, and the Duchess of Cornwall had visited the mosque in 2007...

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