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Nakheel Posts 47% Net Profit Rise For First Nine Months Of 2014

The developer reported a net profit of Dhs2.6 billion, aided by strong growth in its retail and leasing businesses.

Stock News: Emaar Properties Lifts Dubai On Fresh IPO Plans

Shares in Emaar, the market’s second most heavily traded stock on Tuesday, jumped 3.1 per cent to Dhs11.50.

Nakheel Says Ibn Battuta Mall Welcomed 313,000 Visitors During Eid

Visitor figures at the mall in Dubai averaged 78,300 per day during the four-day break.

Stock News: Emaar Lifts Dubai After Announcing Fresh IPO Plans

Shares in Emaar rose 1.4 per cent to Dhs11.35 and were the main support for Dubai’s index, which added 0.4 per cent.

Emirates To Launch A380 On Milan Route

The A380 service will help boost capacity by around 38 per cent on the Dubai-Milan route, the airline said in a statement.

Dubai’s RTA Launches Drone Service To Monitor Projects

The Roads and Transport Authority said that drones help access areas that are unreachable through human means and can also be used during emergencies on roads.

Has Dubai’s Property Market Finally Lost Steam?

Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.

Emaar Properties Mulls Listing Hotels Unit – Chairman

Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.

Dubai Detectives To Get Google Glass Face-Recognition Technology

Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.

Emirates President Says Asian Demand For Africa Flights Hit By Ebola

Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

Budget Airline AirAsia Considers Flying Into Dubai -Group CEO

The group’s chief executive said that he was not currently looking to set up an affiliate in Dubai, but it could be a possibility in the future.

Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo

The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.

Dubai Lender ENBD Raises Debut New Zealand Dollar Bond

The bond represents the cheapest five-year funding raised by Emirates NBD in the last six years.

Nakheel Awards Dhs120m Infrastructure Contract For Al Furjan To Dubai Firm

The contract is for work in Al Furjan Phase 2 and covers the construction of 16km of roads at the community.

Dubai Chamber Of Commerce Opens Ghana Office

The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.

Dubai World Agrees Restructuring With Largest Creditors

Under the new deal, the repayment date of the biggest chunk of debt under Dubai World’s $25 billion restructuring would be extended.

Revealed: Top Five Affordable Areas To Rent In Dubai

The areas that command the least residential rental rates in Dubai, as compiled by propertyfinder.ae.

Emirates Starts A380 Dallas Flights

New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney

dirhams

Dubai’s ICD Exploring Investment Opps With Africa’s Dangote

The statement follows the Investment Corporation of Dubai’s stake purchase in Dangote Cement in September for $300 million.

UAE’s TRA Warns Against Fake iPhone 6 Units

The regulators warnings come after a number of fake iPhone 6 handsets were confiscated from various locations across the UAE.

Emirates Signs 10-Year Management Deal With Angola Flag Carrier

Dubai carrier appoints senior managers but will provide no equity.

Mohammed Bin Rashid Foundation JV Launches Lifestyle Project In Dubai

As per the deal, MBRF will extend part of its land bank to newly launched developer Nshama to build an integrated community project at a central Dubai location.

State-Owned Dubai Development Seeks Merger, Acquisition Options

Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.

UAE’s Amanat Holdings To Open Dhs1.4bn Dubai Share Sale On Oct 20

Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.

Dubai’s Emaar Properties’ Malls Unit IPO Priced At Top Of Range

Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.

Pictures: Nakheel’s Upcoming Dhs150m Palm Jumeirah Boardwalk

The developer has awarded a contract for the project to Overseas AST Company.

Dubai’s DMCC Launches Health Insurance For Member Firms

The free zone said that its health insurance solution has been tailored to suit its members so that smaller firms can experience the benefits that are usually available to large corporates.

Dubai Tops List Of Billionaire Cities In The Middle East

The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.