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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

Dubai Metro sees 88m riders in H1 2015

Dubai Metro’s red line saw 55.7 million travellers in H1 2015 while the green line saw 32.4m million riders

Dubai’s Emaar Properties Q2 net profit rises 16%

The developer made a net profit of Dhs 1.18bn in the second quarter of 2015

Dubai-based wellness centre CRYO plans up to 12 new outlets

The company has expanded internationally into Lebanon and the United States this year

Dubai property sales prices down 8% since June 2014 – report

The market is expected to see a further drop in prices during the second half of the year, says JLL

Dubai regulator fines Arqaam $50,000 over money laundering rules

A periodic risk assessment by authorities identified deficiencies in Arqaam’s systems and controls to prevent money laundering

Dubai most searched-for destination by US jobseekers

The UAE city beat London and Singapore, finds new report by Aetna

Dubai airport traffic rises 16.7% in June

Traffic rose to 5.91 million passengers from 5.07 million the same time last year

DP World begins $1.6bn Dubai port upgrade; says H1 container volumes up

The Dubai-based company handled 30.6 million twenty-foot equivalent units in the first half of the year