The Dubai Government has categorically denied media reports that it has received offers to sell its financial assets.

Ahmad Humaid Al Tayer, Governor of the Dubai International Financial Centre and member of the Supreme Fiscal Committee, said Dubai has not received any offers to sell financial assets.

A statement issued by the Dubai Government Media Office said that Al Tayer also denied that Borse Dubai had received an offer for the purchase of its shares in the London Stock Exchange (LSE), and emphasised that Borse Dubai was not looking to dispose of its investment in LSE.

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A dozen flights bound for London from the UAE were cancelled on Sunday as Heathrow Airport remained shut leaving thousands of frustrated passengers stranded worldwide.

Ahmed Al Haddabi, Senior Vice-President, Airports Operations at ADAC, told Khaleej Times that five flights were cancelled in Abu Dhabi while an official at the Dubai International Airport, who requested anonymity, confirmed seven flights were cancelled. Both said that the cancellations also included return flights to the UAE.

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The UAE’s first automobile assembly plant, which marked a defining moment the country’s industrialisation drive, was inaugurated on Thursday by His Highness Shaikh Saud bin Saqr Al Qasimi, Supreme Council Member and Ruler of Ras Al Khaimah.

The state-of-the-art plant set up at the Al Ghail Industrial Park in Ras Al Khaimah, is a joint venture between the Ashok Leyland, the flagship company of Hinduja Group of India, and the Ras Al Khaimah Investment Authority, or Rakia.

The joint venture, inked in 2006 with a phased investment outlay of $50 million, has implemented the initial phase at an investment of $20 million.

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Dubai Executive Council has formed a committee headed by Abdulrahman Al Saleh, Director General of the Department of Finance, to review the housing fee.

The municipality recently announced that it will collect about 5 per cent of the lease, or an equivalent, as housing fee from freehold owners in Dubai, said Emarat Al Youm quoting a confidential source.

There have been complaints of duplication of fees as some residents pay fees for the same service at two locations. Fees also depend on the size of property, some say

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A Dubai website is advertising stays in a one-bedroom Burj Khalifa apartment for as little as a one night stretch.

The mydubaistay.com site says the signature apartment on the 19th floor of the world’s tallest tower is available from $286 per night, and can sleep up to four people.

When contacted by Arabian Business, an official at mydubaistay.com said that the apartment had only recently been put up for rent, and that it was the only one of its kind on their books. He declined to reveal the identity of the landlord.

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