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Dubai's Abraaj said to face lawsuit over Turkish dairy maker

Dubai's Abraaj said to face lawsuit over Turkish dairy maker

Abraaj Group Ltd is being sued by one of the founders of a Turkish dairy maker that the embattled buyout firm is trying to sell, according to people familiar with the matter.

The legal action comes as liquidators of Dubai-based Abraaj seek to dispose of assets in developing nations around the world to help repay more than $1 billion in debt.

The

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ADNOC awards $1.6bn deal to find new Abu Dhabi oil

ADNOC awards $1.6bn deal to find new Abu Dhabi oil

Abu Dhabi National Oil Company (ADNOC) has awarded contracts worth AED5.88 billion ($1.6 billion) for the world’s largest continuous 3D onshore and offshore seismic survey, covering an area up to 53,000 sq km.

Adding to the 2D and 3D seismic data already acquired across Abu Dhabi, the new survey will cover an area of up to 30,000 sq km offshore

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UAE-China trade forecast to hit $70bn by 2020 as ties grow

UAE-China trade forecast to hit $70bn by 2020 as ties grow

Trade between China and the UAE is forecast to grow to $70 billion by 2020 as the Asian country tops a list of targets for UAE investors.

The UAE International Investors Council said hundreds of UAE companies are currently operating in China across various sectors including trade and industry, renewable energy, health and financial services.

But

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Dubai's RTA launches smart pilot to help blind navigate metro system

Dubai's RTA launches smart pilot to help blind navigate metro system

A pilot smart technology scheme has been launched in Dubai to help blind people navigate their way through the metro transport system.

Dubai's Roads and Transport Authority (RTA) has launched a demo via iPhone only at Rashidiya Metro Station to serve the blind people.

A statement said the system converts written information into voice information

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Dubai Duty Free posts 10% jump in sales to $1bn in H1

Dubai Duty Free posts 10% jump in sales to $1bn in H1

Dubai Duty Free on Thursday announced a 10 percent increase in sales for the first half of the year with turnover reaching AED3.67 billion ($1 billion).

The first half figures place the airport retailer well on track to reach $2 billion sales by year-end.

Liquor, perfumes and tobacco retained the top three category positions with liquor showing a

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