Main headlines

April 10, 2014

Dubai is already one of the world’s biggest hubs for commercial aviation, and it will soon become the biggest
08:55 GMT

Two Swiss adventurers plan to start and end their historic round-the-world flight in a solar aircraft from the UAE.

“People will go for the alternative once they know about it. After developing these three vaccines, we will continue to produce others,” he added.
03:55 GMT

The vaccines that are the focus of local and international scientists and Shariah experts, are meant to treat meningitis, hepatitis and meningococcal.

The first three months saw a 10 per cent spike in residential rental rates in prime locations, while off-island homes shot up by 14 per cent.
03:55 GMT

Abu Dhabi’s decision to remove the 5 per cent rental cap was the factor fuelling the increases, much to tenants’ dismay

Among the other problems are a driver's seat defect, steering column problems and an engine starter glitch that posed a fire risk
02:48 GMT

Last month, it reached a deal to pay $1.2 billion to settle US criminal charges that it covered up a sticky pedal blamed for dozens of deaths.

April 9, 2014

EK171 will no longer operate on Mondays, Wednesdays and Fridays and the return flight (EK172), which departs at 0230 the next day, will be cancelled on Tuesdays, Thursdays and Saturdays.
17:55 GMT

The Dubai carrier started daily services to Kiev on A340-500 aircraft in January.

The scenario's basic assumptions are a reduction in GDP, a sharp rise in the interest rate, a 20% drop in home prices, and a 12% unemployment rate
17:49 GMT

A recession like the one in 2002 would cause 23,000 families to struggle to meet payments.

The GCC was the largest export destination with total export to the region reaching AED15.8 billion, with Saudi Arabia taking 57 percent of the total GCC export
10:55 GMT

Exports from Dubai to Saudi Arabia crossed AED9 billion in March 2014, according to Dubai Chamber figures.

The plant will support the expansion of the Zubair oil field near Basra
09:55 GMT

Alstom, a global leader in power generation, has secured a contract worth nearly 400 million euros ($549 million) from Eni Iraq BV to build a 740 MW1 Zubair gas-fired power plant, near Basra in southern Iraq.

Iran and the six powers have yet to agree on the limits that Tehran will have to accept on its enrichment programme
08:55 GMT

Senior envoys from Iran and six world powers met for a new round of negotiations on Tuesday, in an effort to reach a broad agreement on scaling back Iran’s nuclear programme and lifting sanctions by July.

Last year, German exports to the UAE increased by two per cent to more than 10 billion (Dh50.5 billion).
07:55 GMT

Head of the Abu Dhabi Department of Economic Development (ADDED) at the German Federal Foreign Office, Dieter W. Haller, on Tuesday expressed his interest in further developing the positive economic partnership between the UAE and Germany.

In the United Arab Emirates, where real estate prices are rising at a fast pace, the award of World Expo 2020 has further strengthened growth prospects
07:36 GMT

The International Monetary Fund (IMF) has revised the UAE’s 2014 GDP forecast to 4.4 per cent on the back of rising real estate prices and the Expo 2020 win.

While revenues of banks in Qatar grew by 20 percent and banks in the UAE are back to double-digit growth overall, Saudi, Omani and Bahraini banks are experiencing single digit growth rates.
03:55 GMT

Again, the performance of Middle East banks clearly exceeded that of their international counterparts, a number of which experienced further revenue declines in 2013.

He added that the volume of projects that applied to benefit from the Investment  Promotion Law reached JD1.92 billion (around $2.7 billion) in 2013 compared to JD1.61 billion ($2.2 billion) in 2012.
03:55 GMT

In previous remarks to The Jordan Times, Ruoshoud said Jordan's investment inflows rose by 19.5 per cent in 2013 “reflecting investors’ confidence in the Kingdom’s economy and business environment".

According to the report, 80% are concerned with the unemployment level in the country.
03:55 GMT

Around 71% of young Egyptians feel that individuals belonging to their generation are more likely to start a business compared to their older counterparts.

ICT Minister Azzam Sleit, who did not wish to name the company, said the door remains open for other operators to acquire such frequencies to introduce 4G services, which enable data transfer rates of up to 150 megabits per second.
00:43 GMT

One of the country’s three telecom operators has submitted an official request to acquire frequencies to introduce fourth generation (4G) services in the Kingdom, a government official said on Tuesday.