June 2017 — Topical news of the United Arab Emirates

June 5, 2017 no comments 1194
A total of 141,500 fines have been issued for incomplete work permit registration or late renewals The UAE’s ministry of Human Resources and Emiratisation has issued fines against 52,765 private sector companies in the country for violations related to work permits. A total of...

June 5, 2017 no comments 1195
Bahrain's Gulf Financial Group (GFH) has pulled back from talks to buy Dubai-based investment firm Shuaa Capital , which has a market value of $432 million, in an unexpected move. GFH did not provide a reason for the withdrawal from the talks that were announced in March this year. Shares of...

June 4, 2017 no comments 1144
The company has been facing a cash shortage because of missed payments from its assets in Egypt and Iraq’s Kurdistan UAE energy firm Dana Gas appointed Houlihan Lokey as financial adviser and Squire Patton Boggs as legal adviser for the restructuring of its $700m sukuk maturing in October,...

June 4, 2017 no comments 1142
Riyadh-based property developer Dar Al Arkan Real Estate Development Company has appointed Ziad El Chaar as its new chief executive, according to a bourse statement on Sunday. El Chaar was formerly the managing director of Damac Properties, Dubai's second-largest listed developer, which he...

June 4, 2017 no comments 1288
The new bridge will link the Al Khail and Financial Centre roads Dubai’s Roads and Transport Authority (RTA) has completed 90 per cent of the project works of a bridge that will cross over the Water Canal. The Dhs177m project will see the bridge running from Al Khail Road to the...

June 4, 2017 no comments 1189
Vice President and Prime Minister of the UAE and Ruler of Dubai His Highness Sheikh Mohammed bin Rashid Al Maktoum will chair the meetings The UAE Cabinet has announced it will hold an annual meeting every September across all federal and local government entities to discuss the...

June 4, 2017 no comments 1372
Thomsun Group, a leading business conglomerate with operations in the Gulf and Indian subcontinent, has announced plans to invest Dh200 million ($54.4 million) in consumer electronics retailing business over the next three years. The group’s expansion plans will see them rolling out 15...

June 4, 2017 no comments 1087
Dubai: Towering bridges decorated to look like forests are part of a fresh new initiative to beautify Dubai, it was announced on Saturday. This week, Dubai mega-developer Nakheel inked a deal with Brand Dubai, an arm of the government-run Dubai Media Office. The first project has...

June 4, 2017 no comments 1148
Dubai: Residents of two luxury apartment blocks on the Palm Jumeirah say they have been barred from using the beach over a long-running commercial dispute. People who live on the Palm often speak of the dream of a peaceful, beachfront living. A two-bedroom, full-sea view flat on Al...

June 3, 2017 no comments 1252
The Custodian of the Two Holy Mosques, King Salman bin Abdulaziz of Saudi Arabia, and His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, discussed ways to strengthening fraternal bilateral ties. Following exchange...

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