Home UAE Dubai

Dubai

Dubai’s Arabtec denies withdrawing from mega Egypt housing project

The project was originally announced more than a year ago but it has not yet been launched

US firm Parsons bags infrastructure contract for Dubai Expo 2020 site

The company will be responsible for infrastructure design and construction supervision services on the site

Dubai receives 118,000 medical tourists in Q1 2015

Around 46 per cent of medical tourists to Dubai were from Asian countries while 25 per cent of them were from other Arab countries

Dubai’s ruler issues new law to boost public-private partnerships

The law aims to encourage the private sector to participate and invest in infrastructure development

Emirates to resume flights to Baghdad from Sep 17

The airline suspended operations to the Iraqi city in January because of security concerns

Dubai among world’s top 10 fastest growing city economies

Metropolitan areas continue to power national economic growth, report shows

Dnata JV invests $4m in Pakistan expansion, begins services in three airports

The unit, a joint venture between dnata and Gerry’s group in Pakistan, is planning to create 140 new jobs

Emirates adds more flights to Phuket

The new flights will increase capacity by 57 per cent on the route, the airline said

Dubai’s Arabtec swings to Q2 loss as costs rise

Arabtec made a net loss attributable of Dhs 718.3m in the three months to June 30

Emirates plans world’s longest non-stop flight with Panama service

The flight to Panama on a Boeing 777-200 LR jet will have a flight time of 17 hours and 35 minutes

Nakheel awards Dhs38m contract for retail centre, mosque in Al Furjan

The company said that it is developing a second retail centre within its Al Furjan community

Aster DM Healthcare expands to Bahrain, invests $2m

Aster will open four more outlets in the country over the next two years – including both medical centres and pharmacies

Dubai Aquarium introduces shark breeding programme, new visitor experiences

Two new educational experiences have been introduced to provide visitors with insights into the project.

Starwood, Dubai Properties sign deal for four new hotels

Under the deal, Starwood will open three Aloft hotels and one Element hotel in Dubai

Emirates to launch more A380 services on Singapore-Australia route

The airline said that it will upgrade its Dubai-Melbourne route via Singapore to an A380 from March 1, 2016

Nakheel inks retail deal with Al Tayer Group for Al Khail Avenue

Al Tayer Group will bring brands including Gap, Mamas & Papas, Armani Exchange, Banana Republic, Areej, Caffe Nero, and Ocean Basket to Al Khail Avenue

Dubai’s July non-oil business growth slowest since 2012

The index fell to 53.1 in July from 55.5 in June, recording the slowest growth rate since March 2012

Emirates to upgrade all its London flights to A380

Following the upgrade, the airline will offer 70 A380 flights per week into the UK, more than any other country on the Emirates network

Moody’s sees UAE property firms’ adoption of IFRS 15 as positive

The new accounting policy will help in appropriately reflecting the companies’ financial performance and increase transparency, a new report says

Dubai mall firm Majid Al Futtaim H1 revenue rises 7%

The privately-owned firm said in a statement revenue for the six months to June 30 was Dhs 13.7bn

Emirates inks codeshare deal with Bangkok Airways, expands Southeast Asian network

The deal will add 14 more cities to Emirates’ network, allowing it to connect passengers to new tourist destinations in Thailand, Cambodia and Myanmar

Dubai’s Damac Properties Q2 profit surges

The developer reported a net profit of Dhs 1.42bn ($386.6m) for the three months to June 30

UAE telco du Q2 profit falls 8%, in line with estimates

The firm made a net profit of Dhs 502m in the second quarter of 2015

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Misr says Alabbar now non-executive chairman

Emaar Misr had previously said that the board would vote whether to amend Alabbar’s position due to his other commitments in the real estate sector

Dubai property investment reaches Dhs 53bn in H1 2015

Indians accounted for Dhs 7.8bn of transactions during the first half of 2015, DLD figures show

Flydubai to start new passenger services from DWC

The airline will also continue its operations at Dubai International

Sheikh Mohammed approves plans for two residential communities for citizens

Two communities, consisting of 1,400 and 1,000 villas, will be built for nationals in Wadi Safa and Al Aweer 1

Dubai’s Meydan to build world’s tallest residential tower, longest indoor ski slope

The new project boasts the world’s tallest residential tower, longest indoor ski slope, largest dancing fountain, highest observation deck and highest sky restaurant

Emirates Reit to develop new Dhs 208.3m school in Akoya development

The real estate investment trust fund will build the facility and lease it to Jebel Ali School

Emirates launches A380 service to Madrid

The new service will add 2,900 seats per week between Dubai and Madrid, bringing the total number of weekly seats to and from Spain to over 22,000