Dubai’s Emirates NBD Q3 Net Profit Trimmed By Provisions Spike

The lender made a net profit of Dhs775 million in the three months to September, up 21 per cent from Q3 2012.

Dubai’s New Property Rules Reduce Risks For UAE Banks

Despite signs of economic improvement, banks are still dealing with asset quality problems from the 2008 crisis, says Fitch

Emarat Cancels Jet Fuel Tender, To Buy Via Private Talks

The fuel retailer cancelled a tender seeking 90,000 tonnes of jet fuel for November to December delivery

Dubai’s Arabtec Wins $53m Deal To Complete Palm Island Hotel

Arabtec will build two mixed-use towers for the 332-room Tiara Hotel on Palm Jumeirah

Qatari Emir’s Daughter Tops Global Art Power List

Sheikha al-Mayassa al-Thani, who heads the Qatar Museums Authority, was chosen for her willingness to spend at a rate estimated to be $1 billion a year.

Emirates Aims To Fly 70 Million Passengers In 2020

The airline will be the largest carrier on the planet by international passenger traffic, says president, Tim Clark.

World Trade Center Mall Opens In Abu Dhabi

The new mall features 160 shops, over 20 dining outlets and an eight-screen cinema.

Gulf Air To Fly To Dubai World Central From December

Gulf Air hopes its new daily evening service will appeal to ‘new Dubai’ residents

Etihad Raising Colombo To Double Daily Flights

New service to provide more flexibility and better connectivity for passengers

Gulf Funds May Take Stake In EDF’s UK Nuclear Project

French utility EDF is spending $26 billion to build two nuclear reactors at Hinkley Point in the UK

UAE Firms To Increase Wages By 5.2% In 2013

According to a Mercer survey, the UAE’s above global average pay rise is a long running trend in the region.

Qatar National Bank To Sell Dual-Tranche Bond

QNB will issue three-year floating rate notes

Dubai Ruler Promotes Essa Kazim To Dubai Financial Market Chairman

Kazim, currently CEO of DFM, replaces veteran banker Abduljalil Yousuf Darwish

Exclusive Interview: Reem Al Hashimy, MD Of Dubai’s Expo 2020 Bid

HE Reem Al Hashimy, UAE Minister of State and managing director of the Dubai World Expo 2020 Bid Committee, reveals her hopes and fears in the bid for the largest trade show on earth.

Dubai’s 13MW Solar Power Plant Goes Live

The plant, which will generate around 24 million kilowatt hours (kWh) of electricity per year, is the region’s largest photovoltaic facility.

UAE Telco Du Appoints New CFO

Amer Kazim will replace longstanding incumbent Mark Shuttleworth.

Dubai Holding Unit Sees Telecom Stake Sales In “Few Months”

Emirates International Telecommunications is seeking to sell its 35 per cent stake in Tunisie Telecom and 26 per cent stake in Axiom Telecom.

Kuwait Emerges As Front-Runner To Fill Saudi Security Council Seat

Saudi Arabia rejected a UN Security Council place in protest at the body’s failure to end the war in Syria and act on other Middle East issues.

UAE Has Highest Malware Infection Rate In ME

Around 20 per cent of businesses in the Middle East experienced an average of three security breaches in the last 12 months.

Dubai Ranks Number One For Lifestyle – Knight Frank

The emirate achieved the highest ranking for its education services and its core climate.

Nokia Unveils First Windows Tablet, Lumia 2520, In Abu Dhabi

The phone manufacturer also launched two new Lumia smartphones and three new Asha models.

SAP Cashes In On Cloud And In-Memory Computing

SAP’s early adoption of cloud and in-memory computing has helped the company stay ahead of the game in the Middle East.

Qatari Poet Sentenced To 15 Years In Prison For Insulting Emir

Muhammad Ibn al-Dheeb al-Ajami praised the Arab Spring revolts that toppled four authoritarian leaders.

Qatar’s Ooredoo Eyes Major Bourse Listing

Ooredoo shares listed on the Qatar Exchange are up 34 per cent this year, but remain 8.6 per cent below a 2005 peak.

Saudi Firm Plans $200m Education Fund For Middle East

Itqan Capital is eyeing up to $200 million for the fund that it plans to launch with Bahrain-based school consultancy firm D3 Consultants in 2014.

Emirates and Virgin America Enter Frequent Flyer Partnership

Emirates becomes the fifth airline to join Virgin America’s frequent flyer program.

Etihad Sets Stage For $50bn Of Jet Deals From Gulf

The provisional Etihad order for dozens of Boeing jets could be worth $18 billion at list prices.

Restaurant Review: La Serre Bistro

When it comes to offering a perfect dining experience with indulgent food, fantastic service and d�cor to match, La Serre Bistro makes the cut.

UAE To Allow Mobile Number Portability By December – TRA

Number portability would allow customers of Etisalat and du to switch providers and keep the same phone number.

UAE Residents See Rise In Financial Cyber Threats

Cyber criminals are increasingly targeting bank accounts of individuals since they get direct access to the money.