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Stock News: Dubai Tumbles To One-Year Low On Weak Oil

The Dubai equities benchmark tumbled 7.7 per cent to 3,068 points, a one-year low.

Dubai Health Authority Shuts Down Four Health Clinics Over Quality Issues

Facilities that have been shut down include a day-care surgery centre, a plastic surgery clinic, an aesthetics clinic and a dermatology clinic.

World Expo Organiser BIE Sends Delegation To Dubai

The delegation, which includes the secretary general of the BIE, is checking on the progress of Expo 2020 Dubai.

Stock News: Dubai, Other Gulf Markets Rebound On Stronger Oil

Brent crude climbed above $62 per barrel on Monday, after hitting 5-1/2-year lows of $60.28 earlier.

Emaar To Distribute $2.45bn Special Cash Dividend On Dec. 23

The special cash dividend follows the successful IPO and listing of the Emaar Malls Group.

Stock News: Dubai Tumbles After Oil Hits Fresh Low

The Dubai benchmark tumbled 6.1 per cent to 3,374 points, erasing most of its remaining year-to-date gains.

Dubai’s Aramex Buys South Africa’s PostNet Franchise For $16.5m

PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.

Flydubai Targets European Traffic Flows

The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.

Dubai Steps In To Redress Its ‘Unhealthy’ Luxury-Hotel Imbalance

Wasl Asset Management plans to open four three-star hotels in the emirate next year.

Stock News: Dubai Posts Biggest Drop In Six Years As Oil Slides

The Dubai index sank 7.4 per cent to 3,595 points and hitting its lowest level since January.

Emirates Raps Airbus Over A380 Gaffe, Dangles Huge Order

Airbus’ finance director aired the possibility of cancelling the world’s largest airliner project due to poor sales.

Emaar Launches Dubai Trolley, New Tram System In Downtown Dubai

The electric-powered hop-in-hop-off system, slated to begin operations in early 2015, will run for seven kilometers.

Dubai Shares Head For Lowest Since January As OPEC Cuts Forecast

Equity markets worldwide tumbled after the 12-member OPEC yesterday cut its forecast for demand next year to the lowest level in 12 years.

Dubai Businessman Al Habtoor Says Investors “Overreacting” To Oil Slump

Several industries such as manufacturing and aviation will benefit from lower oil prices, he said.

Dubai State Fund ICD To Up Dubai Aerospace Stake In Latest Asset Shuffle

ICD is already the majority shareholder of DAE, holding 55 per cent.

Nakheel Begins Leasing Units At Circle Mall In Jumeirah Village

The Circle Mall is currently in the design stage and will open by 2017.

Dubai Parks And Resorts Tumbles On Bourse Debut As Oil Prices Drop

The company building Dubai’s mega theme park complex saw its share prices fall nine per cent on Wednesday.

DWC Begins Work On New Executive Terminal For Business Jets

The 6,000 square metre terminal is scheduled to be completed in Q4 2015 and will host major operators such as Jet Aviation, XJet and Jetex.

Shares In Dubai Parks And Resorts Open Well Below IPO Price

The drop was a fresh sign of a collapse of sentiment among retail investors in Dubai, who have dumped stocks as oil prices have hit five-year lows.

Flydubai Targets Bratislava Expansion

Initially launching as a twice-weekly service, a third service will be introduced in January.

Dubai’s World-Beating Skyscraper Now In Google Street View

The online pictorial map of the city allows users to navigate through several levels of the 830 metre tall Burj Khalifa.

Dubai Developer Revives Port City Project With $183m Tower

Dubai’s Omniyat broke ground on a 225-unit tower in Dubai Maritime City on Tuesday, which the developer valued at Dhs600 million ($163 million).

Habtoor Group Launches Three New Dubai Projects Worth Dhs2bn, Says No IPO Plans

The projects include a polo resort and club, a new Metropolitan hotel and a residential villa development.

Tiger Woods-Designed Golf Course In Dubai To Be Built By Damac

The course will be operated by the Trump Organisation and will open by 2017, the developer said.

Dubai Stock Index Ends Down 3.5%, Well Off July Low

The sell-off in Dubai and across the region came after the price of Brent crude hit a new five-year low of $65.33 per barrel.

Air Canada To Launch Direct Flights Between Toronto And Dubai

The three-times-weekly service will begin operating from November 2015.

Stock News: Dubai Plunges 4.2% As Oil Hits New Low

The main Dubai index drop almost neared its July low as panicky retail investors began selling off.

Abu Dhabi-Based Falcon Aviation Begins Work On $80m VIP Completion Centre

The facility, situated in Dubai World Central, is scheduled to be completed by 2015, the company said.

Stock News: Dubai Leads Losses As Oil Drags Gulf Down

Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.

Pictures: Waldorf Astoria Dubai Unveils Luxurious Royal Suite

Waldorf Astoria Palm Jumeirah reveals the details of its royal suite, the largest in Dubai.