May 2019 — Topical news of the United Arab Emirates

May 5, 2019 no comments 533
Pills hidden in a foodstuff container arriving into Dubai from an unnamed Arab country at the Jebel Ali and Tecom Customs Centre Dubai Customs has announced the seizure of more than 5.7 million Captagon pills. According to the authority, the pills were hidden in a foodstuff...

May 5, 2019 no comments 635
The industry is expected to rise at a compound annual growth rate of 4.64 per cent during 2019-23 The UAE's construction industry will thrive in post-Expo 2020 period due to new initiatives launched by the government, higher oil prices and improving investor confidence in the economy,...

May 5, 2019 no comments 646
The company's shares closed flat at AED1.6 on Thursday and have dropped 7.51% so far since the start of 2019 National Central Cooling Company (Tabreed) reported on Thursday a rise net profit for the first quarter (Q1) of 2019. Tabreed’s Q1 2019 net profit amounted to 80.03 million...

May 5, 2019 no comments 703
External demand also picked up markedly as new work from Saudi Arabia and Oman in particular pushed the rate of growth in new export orders DUBAI: Growth in the United Arab Emirates' non-oil sector picked up in April at its fastest pace since December 2017 as new orders and business...

May 5, 2019 no comments 507
The UAE saw a sharp monthly improvement in business conditions in April, one of the greatest since December 2017, said a survey.  The headline seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index (PMI) – a composite indicator designed to give an accurate overview of...

May 4, 2019 no comments 735
First Abu Dhabi Bank has officially inaugurated its Saudi Arabia operations by opening its first branch in Riyadh First Abu Dhabi Bank (FAB), the UAE's largest bank, has officially inaugurated its Saudi Arabia operations by opening its first branch in Riyadh. The new branch,...

May 4, 2019 no comments 762
More than 70 million passengers have flown with Dubai-based low cost carrier Flydubai since it launched 10 years ago More than 70 million passengers have flown with Dubai-based low cost carrier Flydubai since it launched 10 years ago. The airline, which started operations in June...

May 4, 2019 no comments 746
Abu Dhabi-based developer reveals investment in entertainment and leisure projects on Yas Island as visitor numbers rise Abu Dhabi-based developer Miral has announced it is investing AED6.2 billion ($1.69 billion) into entertainment and leisure projects on Yas Island, which achieved 28...

May 4, 2019 no comments 937
Online sales are expected to surge in the Middle East in the run-up and during the holy month Online sales are expected to surge in the Middle East in the run-up and during the holy month of Ramadan, according to an analysis of last year’s sales trends. Criteo, the advertising...

May 4, 2019 no comments 632
Udrive, the app-based pay-per-minute car rental service, has announced a $5 million Series B round of funding UAE-based Udrive, the app-based pay-per-minute car rental service, has announced a $5 million Series B round of funding. Founded in 2017, the start-up said it has...

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