Category Archives: Arabianbusiness

US to discuss Open Skies with Gulf governments

The US State Department is planning talks with the UAE and Qatar to discuss allegations that the Gulf nations have spent billions of dollars subsidising their state-sponsored airlines, people familiar with the matter said. The Trump administration will seek commitments ...

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ADNOC Distribution shares up 16% on first day of trading

Shares of ADNOC Distribution rose as high as AED 2.90 per share on the morning of the first day the company was listed it was listed on the Abu Dhabi Securities Exchange (ADX). About 45 minutes after the market opened, ...

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Dubai residential prices to return to peak levels in 2018, says ValuStrat

Dubai residential property prices may rally towards previous peaks in 2018, according to a new forecast from ValuStrat. The report noted that prime residential areas will continue to show resilience, following slight improvements in 2017. In Q4 2017, the ValuStrat ...

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UAE joins in condemnation of US over Jerusalem decision

The UAE has expressed its deep regret and condemnation of the US administration’s decision to recognise Jerusalem as the capital of Israel. In a statement to news agency WAM, the Ministry of Foreign Affairs and International Cooperation said that such ...

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Swan Lake announced for Dubai Opera

One of the world’s most popular ballets, Swan Lake, will come to Dubai Opera next year. One of the most beloved ballets of all time, Swan Lake – performed by Houston Ballet – will come to Dubai from 24th – ...

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UAE 'surprised' at inclusion in EU tax-haven blacklist

The UAE government said it’s “surprised and disappointed” to be included on a European Union list of non-compliant tax jurisdictions, according to Undersecretary of Finance Yousef Haji Al-Khouri. On Tuesday, the EU adopted a blacklist of 17 non-EU tax havens, ...

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MidEast airline demand rebounds from near-9 year low

Middle East carriers experienced a 6.9 percent rise in demand in October, improved from 3.9 percent in September, which was the slowest rate of increase since February 2009. The International Air Transport Association (IATA) said capacity increased 5.3 percent, and ...

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Outlook for GCC banks stable, says Moody's report

The outlook for GCC banks remains stable, reflecting strong financial fundamentals in the region’s largest banking systems that provide resilience to profitability and loan quality challenged posed by slower economies, according to a new report from Moody’s Investors Services. In ...

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Developer breaks ground on new Dubai residential project

Lootah Real Estate Development says The Gardens will feature over 200 homes, to be delivered in 2019 The Gardens is the latest project by Lootah in Dubai, following the success of Shamal Terraces, Shamal Residences and The Waves, pictured. By ...

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