June 2017 — Topical news of the United Arab Emirates

June 25, 2017 no comments 1095
The hotel’s owner Five Holdings claimed last week that the property had been rebranded Global hotel operator Viceroy has approached Dubai’s DIFC Courts after its Palm Jumeirah hotel was rebranded by its owner last week. DIFC Courts has issued a court order prohibiting Five Holdings –...

June 25, 2017 no comments 1006
The Abu Dhabi airline is adding capacity to Dammam, Amman, Beirut, Cairo, Casablanca and Rabat Abu Dhabi carrier Etihad Airways is increasing capacity to Dammam, Amman, Beirut, Cairo, Casablanca and Rabat to meet additional demand during the peak June – September travel period. The...

June 25, 2017 no comments 1134
The global halal products and services sector is growing at eight per cent year-on-year to hit $2.3 trillion, higher than the GDP of more than 200 countries in the world, according to recent research. Of this, about 67 per cent represents the food and beverage (F&B) industry, worth $1.4...

June 25, 2017 no comments 1102
The UAE is the only country from the Middle East that is featured in the top 20 rankings at the 18th position globally in the recent Digital Competitiveness Ranking, according to report released by IMD World Competitiveness Centre. The UAE advanced seven positions in 2017 report compared to...

June 25, 2017 no comments 1096
Abu Dhabi state investment fund Mubadala has pulled out of Etisalat Nigeria after the telecoms firm failed to secure a deal with its lenders over a $1.2 billion loan renegotiation it took four years ago, the central bank said on Friday. The regulator said Mubadala had also pulled out of...

June 25, 2017 no comments 1160
The United Arab Emirates, one of four Arab countries embroiled in a political dispute with Qatar, said on Friday it would not back down if Doha does not engage with demands that include requiring it to curb ties with Iran. The countries' ultimatum to Doha includes closing Al Jazeera...

June 24, 2017 no comments 1574
Emaar Properties PJSC, the developer of the world’s tallest skyscraper in Dubai, promoted Amit Jain to group chief executive officer. Jain, currently the group chief operating officer, will take on the role immediately, the company said in a statement to the Dubai stock market. Before his...

June 24, 2017 no comments 1291
Airline says to bring in charges for Economy passengers to access lounges, chauffeur services also reviewed Etihad Airways passengers will be able to pay for chauffeur services, lounge access and a free seat next to them regardless of ticket class, the Abu Dhabi-based carrier has...

June 24, 2017 no comments 1105
Murky water near Dubai Marina baffles residents Authorities on Friday gave the all-clear to the water near Dubai Marina. They said the change in colour was caused by a chemical named Bentonite. Bentonite only changes the colour of water and there are no harmful effects on health and the...

June 23, 2017 no comments 1173
Emirates Islamic says it will introduce blockchain technology into cheques as fraud prevention measure Emirates Islamic has announced that it will introduce blockchain technology into its cheques as a fraud prevention measure. Termed Cheque Chain, Emirates Islamic said it is the...

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