Business
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Abu Dhabi’s ADNOC awards Dhs6bn contracts for Dalma Gas project
Both contracts are expected to be completed in 2022 Abu Dhabi National Oil Company (ADNOC) has awarded two contracts valued at over $1.65bn (Dhs6.06bn) for the construction of offshore facilities…
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Dubai airport retains title as world’s number one for international passengers
The airport welcomed over 86.3 million passengers in 2019, down 3.1 per cent compared to 2018 Dubai International (DXB) retained its position as the world’s number one airport for international…
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Dubai Police solve Dhs20m jewellery heist
Police urged residents to secure their valuables to avoid thefts Dubai Police apprehended a gang for stealing Dhs20m worth of jewellery from the residence of a European investor, within two…
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Dubai’s Danube Properties completes Dhs300m ‘Resortz’ project
The luxury, resort-type residential project, will add 444 units to the developer’s portfolio of delivered units Dubai developer Danube Properties has announced the completion of Resortz, a Dhs300m luxury residential…
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Abu Dhabi to boost tourism sector with new Dhs600m fund
The economic yield of this new fund is pegged at Dhs1.6bn Abu Dhabi’s Department of Culture and Tourism (DCT) has announced a new Dhs600m fund to boost leisure and business…
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Saudi King heads to $500bn mega city NEOM for holiday
Construction work on the $500bn NEOM project is slated to begin this year Saudi King Salman bin Abdulaziz Al Saud arrived in the kingdom’s upcoming new mega city NEOM on…
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Saudi businesses can remain open 24 hours a day under new Cabinet decision
The new decision is hoped to help create thousands of jobs and stimulate the kingdom’s economy Businesses in Saudi Arabia can now stay open 24 hours a day, according to…
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Dubai developer offers European passport to eligible investors in its island project
Those investing over Dhs5m in the Heart of Europe project will qualify for a free Moldovan citizenship Dubai developer Kleindienst Group has announced that investors in its luxury Heart of…
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Oman offers tax breaks on tourism investments in Musandam
Investors will be exempt from custom duties on building materials, tools and equipment needed to build tourism projects …or something like this: Oman will offer tax breaks to investors in…
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New five-star hotel set to open in Dubai Media City in March
Grand Plaza Mövenpick Media City features 235 rooms and suites Dubai Media City it set to welcome its “first” five-star hotel, the Grand Plaza Mövenpick in March, hospitality group AccorHotels…
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