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Dubai Ruler Approves Dhs2.5bn Madinat Jumeirah Expansion

The project, slated for completion in 2015, includes a luxury five-star hotel, a villa complex and a commercial centre.

Dubai’s Drake & Scull Q3 Net Profit Falls 93%

The contracting firm was hit by higher costs and dropping contract revenue.

Dubai’s Mashreq Says Majed Saif al-Ghurair Resigns From Board

The lender did not provide any reason for his resignation.

Dubai Needs Affordable Shopping Malls

Retail must accommodate middle-class tourists’ needs as their numbers rise, say experts.

World’s Tallest Hotel Opens In Dubai

The 355-metres tall JW Marriott Marquis Hotel opens its first tower, adding 804 rooms to Dubai.

Dubai Is Not Worried: Sheikh Ahmed

The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.

Dubai’s Commercial Property Sector Picks Up In Q3

Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.

Dubai’s Shuaa Capital Q3 Loss Narrows

The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.

First Free Sampling Store Opens In Dubai

Sample Central allows members to take products home for free in return for sharing their opinions.

Emirates May Buy 100 New Model Boeing 777s

The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.

Emirates To Sponsor Glasgow 2014 Commonwealth Games

Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.

Dubai’s Arabtec Q3 Profit Drops 10.5%

The Dubai-based contractor said it was looking at equity-linked fundraising options.

Dubai Investments Q3 Net Profit Up 227%

The company’s profit rose as it booked gains in the fair value of its investment properties.

Dubai Islamic Bank’s Q3 Profit Flat

DIB’s quarterly net profit remains flat despite a jump in provisions with impairments worth Dhs309 million.

Dubai’s Canal Extension Project To Begin Next Year

Project contracts will be awarded by end of 2012, the Roads and Transport Authority has said.

Dubai’s DFM Says Q3 Loss Narrows to Dhs1.7m

Dubai Financial Market said revenue increased 16 per cent during the quarter to Dhs36.8 million.

Union Properties Posts Q3 Profit Of Dhs50m

The Dubai-based developer reported profit of Dhs156 million for the nine months of the year.

Dubai Sees 12.8% Rise In September Passenger Traffic

The airport handled 4.78 million passengers in September 2012.

DP World’s Terminal Volumes Drop Slightly

The world’s third-largest port operator recorded a 0.7 per cent year-on-year fall in the third quarter.

Dubai’s Global Village Sees 600,000 Visitors

The entertainment venue, which opened on October 21, saw 260,000 visitors during the first two days of Eid.

Fashion Brand Brioni Opens Shop In Dubai

CEO Francesco Pesci speaks to Gulf Business about the brand’s expansion in the Middle East, its PPR takeover and James Bond.

Groupon And YaDig Launch Review Partnership

New alliance will see regional website’s reviews published on global giant’s website.

Emaar Reports 4.7% Drop In Q3 Profit

Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.

Dubai’s Aramex Q3 Net Profit Rises 11%

The Dubai-based logistics firm reported third-quarter net profit of Dhs53.1 million.

Dubai’s Tamweel Q3 Profit Falls 46.5%

The mortgage lender saw profits drop on higher provisions and funding costs.

Top 10 Eid Getaways

Gulf Business lists 10 holiday destinations you can reach within five hours by flight from Dubai.

Dubai’s MOE Ranks Among World’s Top 10 Lucrative Malls

Mall of the Emirates earns $1,423 per square foot every year, says new research.

DP World Sells Stake In Russian Firm For $230mn

Dubai Ports is selling its minority stake in Vostochnaya Stevedoring to Global Ports Investment.

Ritz-Carlton DIFC Hosts Major Arts Auction

Pieces by Renoir, Picasso and Dali to go under the hammer as the region’s art market strengthens.

Emirates NBD Sees 267% Increase In Q3 Net Profit

The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.