Economy of the United Arab Emirates

Dubai to be showcased at Posidonia 2018

The maritime sector's contribution to Dubai's economy is growing rapidly, and with continuing success in becoming one of the most competitive maritime centers in the world, Dubai Maritime City Authority (DMCA) is cruising full speed ahead toward having another dynamic presence at Posidonia 2018, the world's most prestigious shipping event, taking place from June 4 to 8 at Athens Metropolitan Ex

Mubadala, Taneo join forces to finance Greek growth

Mubadala Investment Company has signed a deal with Greece's New Economy Development Fund, known as Taneo, to create a 400-million-euro co-investment platform, the Abu Dhabi state fund said on Wednesday.

Under the agreement, Taneo and Mubadala will each contribute 200 million euros to invest in businesses with growth potential across key sectors of Greece's economy, Mubadala said.

Qatar Airways says flights now exempt from US laptop ban

Qatar Airways announced on July 6 that it had won exemption from a U.S. ban on passengers taking laptops and tablet computers on flights from its Doha hub.

It is the latest carrier after Abu Dhabi's Etihad, Dubai's Emirates and Turkish Airlines to meet new rules imposed by Washington in March for direct flights from 10 airports in Turkey, the Middle East and North Africa.

Athens air service eases turbulence

In a bid to offer its passengers increased flexibility to while also trying to minimize the turbulence created by the US administration's decision to ban portable electronic devices in air cabins on flights from airports with a strong Islamic character, Dubai-based carrier Emirates has introduced a second daily flight from Athens to Dubai, which started last Monday.

Laptop ban hits Dubai for 1.1 mln weekend travelers

Dubai International Airport and its flag carrier Emirates began implementing a ban on laptops and tablets on direct flights to the U.S. on March 25, on one of the busiest travel weekends of the year.

Around 1.1 million people are expected to pass through the world's busiest international airport as the city marks UAE spring break, Dubai Airports said.     

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