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Dubai real estate agency S&K shuts down, files for bankruptcy

S&K Estate Agents (also known as Smith and Ken) has been handed to liquidators in a process to pay back creditors

Emirates to launch second daily service to Lisbon from Jan 2016

The new service will be operated by a Boeing 777-300 aircraft and follows strong demand on the route, the airline said

Dubai Financial Market Q2 net profit drops 48%

The firm, which runs securities trading in Dubai, made a net profit of Dhs 132.4m in Q2

Nakheel posts 53% net profit rise in first half of 2015

The company attributed the increase in profit to a rise in property handovers

Dubai Holding unit seeking to sell stake in Maltese telco Go

Emirates International Telecommunications has a 60 per cent stake in Go

Dubai residential rents fell 3% in Q2 – ADIB report

The drop in rents was attributed to a surge in supply

Exclusive interview: Dubai Airports CEO Paul Griffiths on conquering the world

Griffiths waxes lyrical on everything from F1 and space tourism to oil prices and the shortfalls of democracy

Dubai Holdings unit says to pull out of Malta telecoms company

Emirates International Telecommunications Malta, which holds a 60 per cent share in Go, did not say how it plans to divest its stake

R Hotels awards deal for Palm Jumeirah resort to ANC Contracting

The hotel operator is currently building a 253-room four-star property in Palm Jumeirah

Dubai’s Emaar says committed to India, still part of MGF joint venture

Media reports in India quoted sources as saying Emaar was close to ending its decade-old joint venture with MGF Developments

Bahraini insurer ARIG plans full ownership of Takaful Re

ARIG already owns 54 per cent of Dubai-based Islamic reinsurer Takaful Re

Affordable housing in Dubai draws residents back from Sharjah

Rents in Sharjah fell 3 per cent quarter-on-quarter in Q2 as a reverse relocation trend to Dubai gained traction, says report

Emirates to launch flights to Bamako in Mali

The service to Bamako will help Emirates improve its connectivity in Africa, the airline said

Dubai’s Emaar Malls Q2 profit rises 43%

Emaar Malls made a net profit of Dhs 412m in the second quarter of 2015

Doha, Dubai most expensive Middle Eastern cities for expats

A new index finds that the cities are among the most expensive worldwide for beer and wine

Austrian Airlines to cancel direct Dubai flights

The airline said it was stopping flights to Dubai due to over-capacity on the route

Damac subsidiary launches Versace branded project in London

Located in the Nine Elms regeneration area, the 50-storey project is slated for completion in 2020

Dubai’s DEWA announces financial close of phase II of mega solar park

The 200MW IPP phase II project of the Mohammed bin Rashid Al Maktoum Solar Park is slated to be operational by 2017

Emirates operates one-off A380 to Taiwan

Emirates is the first airline to land the A380 at Taiwan Taoyuan International Airport

Emirates deploys one-off A380s to Qatar, Bahrain for Eid

The special A380 flights were at full capacity, supporting the traffic over the Eid holiday period from both countries

Dragon Oil’s largest shareholder ENOC says no to dividend payment

ENOC, which owns 54 per cent of Dragon Oil, in June offered 750 pence per share to buy out minority shareholders

Dubai’s Mashreq Q2 net profit climbs 11%

For the first half of 2015, the bank reported a net profit of Dhs 1.3bn, up 11.6 per cent from a year earlier

UAE ranked eighth most attractive retail market globally

The UAE’s strong infrastructure and business friendly environment make the country an attractive market to retailers, a new study shows

Dubai Healthcare City implements new health insurance law

Under a new resolution, the authority is solely allowed to register healthcare facilities and approve prices within the freezone

Emirates to resume flights to Iraqi city of Erbil

The Dubai carrier said that it will follow a different flight path to Erbil in order to ensure the safety of its passengers and crew

Dubai’s Emirates NBD Q2 net profit rises 26%

The lender made a profit of Dhs1.65bn in the second quarter of 2015, compared to Dhs1.31bn in the same period of 2014

Dubai’s Al Maktoum airport expansion to be done by Q1 2022

Al Maktoum International’s capacity is expected to reach 130 million in 2022 from its current capacity of five million passengers

Dubai’s high-end residences see rents drop by 6-7% in Q2 2015

Locations such as Palm Jumeirah and Jumeirah Beach Residences posted a significant quarterly drop in rents this year

Major fire breaks out on Dubai Creek boats

The blaze, which began on one of the boats, spread to the wharf as a result of flammable items in the cargo waiting to be loaded

Property market and economy in Dubai ‘healthy’ – Jumeirah CEO

Gerald Lawless says emirate’s property market has matured well since the financial crisis