September 2017 — Topical news of the United Arab Emirates

September 28, 2017 no comments 853
The 2071 plan focuses on education, economy, government development and community cohesion The UAE government has launched four new strategies to achieve the goals of the UAE Centennial 2071 project to make the country the best in the world. The plan, launched in March, focuses on...

September 28, 2017 no comments 890
Etihad Aviation Group has appointed Tony Douglas as its new group chief executive officer, the company said in a statement on Thursday. Douglas, who joined from the United Kingdom’s Ministry of Defence and who previously headed Abu Dhabi Airports Company, replaces Etihad’s former group CEO...

September 28, 2017 no comments 928
ABU DHABI - Abu Dhabi's state-owned Mubadala Investment Company on Thursday reported a net profit of 4.2 billion dirhams ($1.14 billion), its first combined financials after its merger with Abu Dhabi's International Petroleum Investment Company (IPIC) earlier this year. That compared with a...

September 28, 2017 no comments 886
Dubai - Don’t go looking for a cheap rental option in Dubai’s office skyscrapers — there aren’t any available. In fact, the city’s premium high-rise addresses command the 18th most expensive rents in the world, according to latest Knight Frank skyscraper index. They command, on average, a...

September 28, 2017 no comments 964
ABU DHABI -- Abu Dhabi witnessed a dramatic double-digit increase in the number of hotel guests in August, compared with the same period in 2016, helping to push up the total number of guests staying in the emirate to more than 3.1 million in the first eight months of the year. Figures released...

September 28, 2017 no comments 973
DUBAI- In its most recent edition of the Global Competitiveness Report 2017-2018, the World Economic Forum (Davos) has revealed that UAE has topped the Arab world and ranked 17th globally in global competitiveness ranking. The report also ranked UAE among the top 20 competitive economies...

September 28, 2017 no comments 901
New fund will invest in early-stage and growth-stage tech companies in the MENA and Turkey region Dubai tycoon Mohamed Alabbar and Middle East Venture Partners (MEVP) on Wednesday announced the launch of its third fund with a target size of $250 million. The Middle East Venture Fund...

September 27, 2017 no comments 976
World Economic Forum ranks the UAE 17th in latest edition of Global Competitiveness Report The UAE has been named the most competitive country in the Arab world in a new global report published by the World Economic Forum. Its Global Competitiveness Report 2017-2018 - an annual...

September 27, 2017 no comments 959
The United Arab Emirates (UAE) has revealed details about the new excise tax due to be imposed on tobacco, and energy and fizzy drinks, starting next Sunday. The UAE had previously announced plans to impose excise tax on tobacco and energy drinks at a rate of 100 percent, and on fizzy...

September 27, 2017 no comments 1017
Abu Dhabi investment company Waha Capital has acquired a significant minority stake in financial technology company Channel VAS for approximately $55 million, a senior Waha Capital officer told reporters today. Channel VAS, which was originally started in Cameroon but is now based in Dubai,...

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