UAE-India travel: Airfares rival those of European destinations

Airfares from UAE to certain airports in India cost as much as travelling to European destinations and the city of London, Dubai-based travel agents have revealed. Since schools in the UAE have closed for summer holidays, scores of expatriate families have left, or are about to leave the country to spend the vacation months of […]

Emirates flight to Brisbane suffers technical glitch, lands safely

An Emirates Airlines flight en-route Brisbane from Dubai suffered a technical glitch during the cruise, an airline spokesperson confirmed. Flight EK430 landed safely in Brisbane, Australia, after all its passengers disembarked as scheduled. The incident took place on Friday. In a statement to Khaleej Times, Emirates said, “Our flight EK430 flying from Dubai to Brisbane on […]

AD Ports to buy majority stake in Egyptian maritime companies

Abu Dhabi-based AD Ports Group has announced that it has reached an agreement to acquire a 70% equity stake in International Associated Cargo Carrier BV, which wholly owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International (TCI). The total purchase consideration (Enterprise Value) of this transaction amounts to AED514 million ($140 million). […]

Mashreq announces pricing of its $300mln debut offering

Mashreqbank, one of the leading financial institutions in the UAE, today (July 2) announced the pricing of an aggregate principal amount of $300 million of its 8.5% Perpetual Non-callable 5-year Additional Tier 1 Notes. The offering is expected to close on July 7, subject to customary closing conditions. Following a strong first quarter trading update, […]

Air Arabia adds 14 new shuttle flights for World Cup fans

Sharjah-based low-cost carrier Air Arabia has added 14 shuttle flights daily from Sharjah International Airport to Hamad International Airport in Doha, Qatar starting from November 21 until December 18 to mainly cater to ticket holders of FIFA World Cup. These shuttle flights are only eligible for ticket holders of the FIFA World Cup Qatar 2022 […]

UAE team to row 5,000km across Atlantic Ocean to raise awareness against marine litter

  The UAE’s Arabian Ocean Rowing Team has teamed up with the UN Environment Programme’s (UNEP) Clean Seas campaign to help reduce marine litter and its negative impacts. James Raley, Rai Tamagnini and Toby Gregory will row 5,000km unsupported across the Atlantic Ocean from La Gomera in the Canary Islands to Antigua. The journey is […]

Emirates Global Aluminium to produce silicon metal in UAE

  Emirates Global Aluminium (EGA), the largest industrial company in the UAE outside oil and gas, has announced that the company is to develop a project to manufacture silicon metal in the UAE, securing supplies of a key raw material for ‘premium aluminium’. This will unlock the potential new industries in the UAE in line […]

Dar Al Takaful, Watania complete another milestone in merger process

  Dar Al Takaful (DAT) and Watania have completed another condition precedent in the merger process aiming to create one of the leading Takaful providers in the UAE with the end of the 45-day policyholders’ notice period with no objections received. The transaction is at the final stages of obtaining regulatory approvals from the Central […]

AD Ports Group receives top five ranking for Khalifa Port in global efficiency index

  Executives at Abu Dhabi Ports Group (AD Ports Group) have confirmed that its flagship deep-water port, Khalifa Port, has been ranked in the top five of the global Container Port Performance Index (CPPI), developed by the World Bank and S&P Global Market Intelligence. The ranking is based on time vessels needed to spend in […]

Dubai: Issue involving Emaar CEO in India now solved, says spokesperson

Dubai’s Emaar Properties is aware of a media report that its Group Chief Executive Amit Jain has been detained in India, a spokesperson for the company said on Saturday. “Emaar is aware of reports regarding the Group CEO Amit Jain, over an issue relating to the company’s work in India. The issue has now been […]