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Nakheel Evaluating IPO, Plans Another New Development

Chairman Ali Rashid Lootah confirms that the developer will seek a public listing once it has paid up all its debts.

Nakheel To Launch 94 Plots For Sale On Deira Islands Project

The developer is launching 15 resort beach plots and 79 waterfront hotel plots across two of the development’s four islands.

Dubai To Host Largest Incentives Group

Up to 14,500 delegates from Nu Skin Enterprises in China will visit the emirate between April 6-16.

Nakheel Announces Two New Shopping Malls In Jumeirah Village

A one million sq ft mall in Jumeirah Village Triangle will feature a 15-screen cinema, a hypermarket and entertainment options.

Saudi Arabia Hanco Consortium Buys Rental Firm Byrne

Saudi Arabia’s Hanco and Bahrain’s Venture Capital Bank bought Byrne for around Dhs600 million.

Dubai International Handles 5.6 Million Passengers In February

Dubai on track to overtake London Heathrow as the world’s premier international passenger airport by 2015

Dubai Aims To Attract 500,000 Medical Tourists By 2020

Dubai’s medical tourism strategy will be carried out in phases with the first stage lasting till 2016 and the second till 2020.

Dubai’s Ithmar Eyes Dhs1bn Of Gulf PE Deals

The company is looking at deals in healthcare and education.

Dubai Lender Amlak’s Bourse Suspension To Be Lifted

Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.

Dubai-Based Souq.com Raises $75m Funding From Naspers

The e-commerce site will invest the amount in boosting technology and improving its mobile offering.

Christie’s Watch Auction In Dubai Nets Over $3m

A Patek Philippe men’s wristwatch, set with 42 emeralds, fetched the highest price at $341,000.

Emirates To Drop Clark International In The Philippines

Dubai carrier makes unusual move and decides to drop new route

Dubai Investments To Lift Foreign Ownership Cap To 35%

Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.

Dubai’s Emirates Reit Sets IPO Price Range At $1.36-1.56

The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.

Dubai Introduces Real Estate Contracts To Regulate Transactions

The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.

UK Private Equity Firm CD&R Frontrunner For Dubai-Owned Mauser -Report

If it goes ahead, the sale of Mauser would be one of the largest asset disposals by the emirate since its debt crisis in 2009.

The Long Term View On Dubai’s Property Market

Dubai real estate prices could triple by 2020, writes Peter Cooper.

Dubai Considers Rule Change To Lure More Domiciled Funds

Only nine funds have been domiciled in the DIFC since its current funds regime was introduced in 2010.

Dubai-Based Digital Media Firm Bags $5m Investment

Paris-based Webedia has bought a majority stake in digital media firm Diwanee.

GrowthGate Capital Plans Dubai IPO For Logistics Firm

The share sale is expected to take place on Dubai Financial Market around the end of this year.

Top 10 Most Expensive Art Works Sold By Christie’s In Latest Dubai Auction

The 140 art works auctioned during the event in March raised over $10.6 million, up 65 per cent from last year, said Christie’s.

Dubai DP World Blames Tough Market As Annual Revenue Falls

The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.

Nakheel Awards Three Construction Contracts Worth Dhs500m

The contracts cover projects in its Al Furjan and International City communities in Dubai.

Most Dubai Firms Will Not Hike School Allowances In 2014 – Survey

Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.

Dubai Mulls New Islamic Export-Import Bank To Boost Trade

The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.

Dubai’s $20bn Debt Refinancing Deal Will Boost Property Market – Expert

The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.

Dubai Silicon Oasis Profit Rises 23.5% in 2013

The number of firms operating under DSOA grew to reach 929, the company said.

Dubai’s Arabtec Triples Net Profit, Resumes Dividend Payments

The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.

Emaar Reveals Details About 2,000-Seat Opera House In Dubai

Located in the upcoming Opera District, the multi-format venue will host operas, concerts, art exhibitions, film and sports events.

Flydubai To Start Daily Moscow Flights

Low-cost carrier’s move sees capacity stack up between Dubai and Moscow