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Dubai International Airport Resumes Full Operations After Runway Upgrade

The number of flights to the airport surged 31 per cent with the opening of both the runways, Dubai Airports said.

Stock News: UAE Slips As Arabtec Continues To Drop

Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.

UAE’s Second Tallest Tower Is 80% Complete, Says Developer

The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.

Dubai Says Will Have Disabled-Friendly Parks By 2016

Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.

Stock News: Arabtec Plunges Again, Drags Dubai Down Further

Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.

Arabtec’s Board To Meet On July 24 To Review Q2 Results

Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.

Emirates To Start A380 Mumbai Flights

The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities

RTA Begins Diversion Works On Sheikh Zayed Road For Dubai Canal Project

The first phase of traffic diversion will take place in the Dubai-Abu Dhabi direction near Safa Park, RTA said.

Dubai’s Property Prices Grow 36% Y-O-Y In Q2 But Market Slowing, Says JLL

Residential rents in the emirate also rose 24 per cent year-on-year during the second quarter of 2014, according to a JLL report.

Stock News: Arabtec Tumbles, Weighs On Dubai

Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.

Dubai Bank ENBD Repays Final $1.1bn Of 2008 Government Support

The lender had repaid the rest of its total Dhs12.6 billion of support in 2013.

Aabar Says Arabtec Talks Would Be Confidential

Aabar’s statement followed media reports last week that said the fund was in talks to buy at least part of the 28.85 per cent stake owned by Arabtec’s former chief executive Hasan Ismaik.

Nakheel Launches New Mega Villa Project In Dubai

The project, which has an estimated construction value of Dhs2.5 billion, is expected to be completed by 2016.

Emirates Suspends Kiev-Bound Flights

The airline said the flight ban to Kiev would remain in effective until further notice.

UAE Private Equity Firms Ithmar Capital, Gulf Capital Planning IPOs

The economic rebound seen both locally and internationally has seen deal-making revived in the last two years, with many now divesting stakes and looking for new opportunities.

Dubai’s Godolphin Sets Up Permanent Stable In Australia

The racing stable has appointed John O’Shea as the head trainer for its unit in Australia.

Dubai Financial Market Q2 Net Profit More Than Triples

The firm, which runs securities trading in Dubai, made a net profit of Dhs252.5 million.

UAE Regulators Signal More Active Stance On Arabtec

On Thursday, the Dubai bourse said it was suspending trade in Arabtec pending clarification on media reports about strategic partners’ stake in the firm.

Dubai International Airport “On Track” To Reopen Runway On July 21

Airlines temporarily operating into Al Maktoum Airport at DWC will return to Dubai’s main airport once it’s back to full capacity.

Dubai’s Consumer Prices Rise Sharply In First Half Of 2014

Housing, water, electricity, gas and fuels recorded price increases of 4.6 per cent during the first six months of the year.

Stock News: Dubai Pulls Back As Arabtec Suspended

Dubai’s index slipped 0.7 per cent as property stocks retreated.

Emirates Airline Could Buy 60-80 More A380s If Engines Upgraded

Emirates, the largest customer for the Airbus A380, had ordered 140 of the aircraft as of November.

Dubai Bourse Suspends Arabtec Shares

Trading in Arabtec’s shares were suspended following media reports of Aabar increasing its stake in the company.

Aabar In Talks to Buy Stake From Former Arabtec CEO

The Abu Dhabi state fund is looking to raise its stake in Arabtec to almost 30 per cent to become the major stakeholder, a source said.

Nakheel Inks Dhs46m Contracts For Palm West Beach, Deira Islands Mall

The developer signed a Dhs6 million contract for a beachside entertainment complex in Palm Jumeirah and confirmed that it has signed the contract for Deira Islands Mall.

Exclusive: MAF Properties Planning Mixed-Use Project In Dubai

The project is expected to be launched in the next 12 months, confirms CEO George Kostas.

Sobha Group Launches $4bn Mixed-Use Project In Dubai

The project will comprise of residences, two international schools, nurseries, three hotels, mosques, a clubhouse, a retail centre and restaurants.

Emirates Flies A380s To Kuwait

At just one hour 45 minutes, the new flight will be Emirates shortest A380 route globally.

Dubai’s DP World Signs $3bn Loan Deal – Sources

The new five-year facility is split between a $2.39 billion conventional loan and a $610 million sharia-compliant tranche.

Dubai’s Shuaa Capital Q2 Profit More Than Quadruples

Net profit in the three months to June 30 jumped to Dhs6.2 million ($1.7 million) from Dhs1.3 million a year earlier.