February 2017 — Topical news of the United Arab Emirates

February 4, 2017 no comments 778
Authorities urge people to avoid the sea and not approach the vessels Sharjah, Umm Al Quwain: Five vessels ran aground because of high waves and heavy winds on Friday in Sharjah and Umm Al Quwain, an official told Gulf News. The UAE Coast Guard had a busy day on Friday as they...

February 4, 2017 no comments 783
Ratings agency says it expects government deficit of 5.9% of GDP in 2017, nearly unchanged from 2016 The pace of fiscal adjustment in Abu Dhabi is forecast to slow in 2017, after large spending cuts in 2015-2016, according to Fitch Ratings. The ratings agency said in a research note...

February 4, 2017 no comments 792
Report says private schools sector is set to drive growth in UAE's education market over next few years The private school sector is expected to continue to drive the growth of the UAE's education market to 2020, according to a new study. Over 175,000 additional seats are predicted to...

February 4, 2017 no comments 914
Padmanabhan had purchased his winning ticket online An Indian storekeeper has won $1 million (AED3.67 million) in Dubai Duty Free’s “Millennium Millionaire” promotion. Ajesh Padmanabhan, who works with Federal Electricity & Water Authority (FEWA) and is a regular participant in the...

February 4, 2017 no comments 728
She wanted to be named his legal heir claiming he had married her after converting to Islam Dubai: A Saudi woman, who claimed to have married an American after he converted to Islam in 2008, has lost a lawsuit she lodged against his family demanding that she be named his legal heir....

February 4, 2017 no comments 883
Infrastructure spending keeps construction buoyant but total public debt is rising The Government of Dubai expects to record a $680 million (AED2.5 billion) budget deficit in 2017 but this will have a minimal impact on public debt levels, a Moody’s report has concluded. The rating...

February 4, 2017 no comments 829
Dubai: ‘No health insurance, no visa’ rule has now been implemented as Dubai residents are unable to renew their residence visas without the mandatory health insurance coverage, Gulf News has learnt. Typing centres authorised to renew residence visas of Dubai residents are turning away...

February 3, 2017 no comments 967
Rents and property prices in Dubai are expected to recover in the second-half of this year as the residential market in the emirate softened at a slower rate last year, according to a new report released on Thursday. “We expect the residential property market in Dubai to gradually recover...

February 3, 2017 no comments 937
Nasdaq Dubai says it is the third debt listing by the Investment Corporation of Dubai, takes total sukuk listings to $47.2bn Nasdaq Dubai, the region’s international stock exchange, on Thursday announced the listing of a $1 billion US dollar sukuk by the Investment Corporation of Dubai...

February 3, 2017 no comments 836
Lieutenant General Dhahi Khalfan Tamim has become known for his controversial comments Lieutenant General Dhahi Khalfan Tamim, Dubai’s deputy chief of police and public security has backed President Donald Trump’s suspension of citizens from seven Muslim countries from entering the US....

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