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Majid Al Futtaim opens new City Centre Me’aisem at IMPZ

The Dhs 275m mall features 53 retail outlets and is anchored by a Carrefour hypermarket

Iranian investment in Dubai property to rise if sanctions ease

Local and global businesses previously used Dubai as hub for their Iranian operations, the consultants said, predicting this would again become common practice

SKAI closes Dhs 1.1bn finance package for Dubai Viceroy hotels

The syndicate for the dual Islamic and conventional facility is backed by a mixture of local and Chinese banks

DIFC Courts wins consultancy deal for Kazakhstan financial centre

Kazakhstan’s president said DIFC was the model for the planned Astana International Financial Centre

Dubai’s Deyaar to launch affordable units in phase one of mega Midtown project

The first phase, set to cost around Dhs 500m, is slated for completion in 2018

Burj2020 District masterplan to be revealed at Cityscape Dubai

The district will house the Burj2020, a super tall commercial tower being designed by architects Adrian Smith and Gordon Gill

Deyaar CEO: Dubai property market not seen major impact from oil price drop

The developer has not seen prices fall in any of its properties so far this year, says Saeed Al Qatami

Atlas Jewellery owner detained by Dubai Police over bounced cheques and debts

M.M. Ramachandran reportedly has outstanding debts of Dhs 550m to various banks in India and the UAE

Dubai Properties Group revenue to rise in 2015 – CEO

Abdullatif AlMulla said DPG’s 2015 profit and revenue will be higher than in 2014, but declined to provide further details

Smart solar palm trees power wi-fi, phones in Dubai

Two prototype palms have been installed – one at a beach near the Burj Al Arab hotel and the other at Zabeel Park

Dubai’s DP World says in talks with Iran to launch port operations

The company said the plans are contingent on demand from customers and there is no dollar value yet on the company’s possible investment in Iran

Dubai’s DP World H1 profit jumps 22%, acquisition helps

DP World’s revenue for the six months to June 30 was $1.90bn, up from $1.66bn a year earlier

Dubai needs stricter rules to govern private developers, says builder

The current slowdown will be beneficial for the real estate market by weeding out weaker developers, says RSG International chairman

Dubai property slowdown due to tighter rules, not oil slump

Dubai has a low reliance on oil despite hydrocarbons providing three-quarters of the UAE’ consolidated revenue in 2014, according to credit agency Moody’

Air Astana resumes Astana-Dubai route after five years

The Kazakh airline resumed operations between Dubai and Almaty in September last year

New rules authorise Dubai police to impound vehicles for racing on roads

Police can seize a vehicle if the owner has unpaid fines worth Dhs 6,000 or is found to be racing

Developer Omniyat launches Dhs 1bn luxury hotel in Dubai

The Langham Place Downtown Dubai, featuring a five-star hotel and serviced apartments, is expected to be completed in 2018

Dubai stock index rebounds into positive territory

Real estate shares led the recovery with leading developer Emaar Properties gaining 1.8 per cent and DAMAC Properties rising 3.3 per cent

Over half of Dubai residents don’t have home insurance – survey

Up to 67 per cent of apartment buildings and 50 per cent of villas in Dubai are uninsured, says survey by MoveSouq.com and RSA

Dubai’s Nshama awards construction contract for Town Square projects

The contract for the Zahra and Hayat Townhouse communities in Town Square has been awarded to Beaver Gulf Group

Dubai to have 27 new private schools by September 2016

Increased supply is expected to ease the financial burden of high school fees on parents and provide them with more choices, officials said

Dubai contractor Drake and Scull appoints Deeb as CFO

Deeb was formally CFO of Abu Dhabi-based family conglomerate Al Jaber Group, whose core business is construction

Dubai stock market suffers biggest one-day fall since December 2014

Dubai’s stocks closed down 7 per cent as oil prices weakened

Dubai continues push to become global design hub by 2020

The recently developed Dubai Creative Clusters Authority is investing heavily in the design sector

UAE stocks sink on oil’s slide, Saudi worries

The main stock index in Dubai, the region’s most volatile market, tumbled 4.0 per cent to 3,563 points, hitting a four-month low

Exclusive: Gerald Lawless on Jumeirah Group’s ambitions

Jumeirah Group CEO Gerald Lawless opens up on everything from building a global brand and avoiding Disneyfication in hotels to disruptive technology, the Qatar World Cup and much more besides


RTA inks deals with seven Dubai schools to provide transport services

The deal will see RTA’s unit Dubai Taxi Corporation’s buses transport 2,500 students from these schools during the new academic year

Pakistan’s MCB looks to the Middle East to drive growth

Pakistani finance minister Ishaq Dar said that both the UAE and Pakistan could learn from each other when dealing with issues such as extremism

Dubai’s DGCX appoints Gaurang Desai as CEO

Desai had been appointed acting CEO a year ago after former CEO Gary Anderson resigned due to ill health

Dubai expects returns of over Dhs 100m during upcoming Chinese event

More than 6,000 Chinese delegates are expected to attend the International Dragon Awards set to be held this month in Dubai