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Seven Dubai flights diverted due to heavy fog

Seven flights to Dubai International have been diverted this morning to Fujairah and Muscat due to heavy fog, according to a spokesperson for the airport.  “Low visibility caused by foggy weather conditions have disrupted normal operations at Dubai International (DXB) this morning with seven in-bound flight diverted to a neighbouring …

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Dubai's state utility firm approves $7.2bn budget for 2018

Dubai Electricity & Water Authority (DEWA) has approved a total budget of AED26.4 billion ($7.2 billion) for 2018, up by more than AED2 billion compared to last year. The state utility firm said the 2018 budget incorporates investments in conventional and non-conventional energy sources, advanced technologies and innovative projects. Saeed …

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Cryptocurrency rivals snap at Bitcoin's heels

Bitcoin may be the most famous cryptocurrency but, despite a dizzying rise, it’s not the most lucrative one and far from alone in a universe that counts 1,400 rivals, and counting. Dozens of crypto units see the light of day every week, as baffled financial experts look on, and while …

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Dubai is the model of a modern MidEast economy

For more than 100 years, the Middle East has been defined by oil exploration, production and its boundaries. Now the region is getting repurposed by its aspiration to grow beyond fossil fuel. The shake-up in Saudi Arabia’s royal family was as much about becoming a 21st-century economy as it was …

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