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Dubai Emaar’s Retail Spin-Off Plan Won’t Affect Rating – S&P

Emaar’s strong reputation with investors for delivering projects, plus the fact it has collected healthy deposits on the off-plan developments, meant it was very cash-rich.

Dubai World Trade Centre Awards Dhs375m Deal To Al Futtaim Carillion

Under the contract, Al Futtaim Carillion will carry out the first phase delivery of the Dubai Trade Centre District project.

Majid Al Futtaim To Invest Dhs750m In VOX Cinemas Expansion

VOX plans to open five new cinemas in addition to its existing project pipeline.

Dubai’s DME Signs Pact With Japan’s TOCOM To Develop Energy Contracts

The collaboration will help the bourses offer energy products such as liquefied natural gas and electricity.

Deyaar’s Newly Launched Atria Project Sold Out ‘Within Hours’

The project registered Dhs500 million in sales during the opening hours of the launch.

UAE, Abu Dhabi Extend $20bn Of Dubai Debt

The debt is being rolled over for five years at a one per cent annual interest rate, WAM said in an official statement.

Damac Announces Sale Of Trump Estates In AKOYA Project

The project includes over 100 luxury villas, conceptualised by Donald Trump and his daughter Ivanka Trump.

Dubai’s Emaar Expects Listing Of Retail Unit Within Months -Chairman

Emaar is in the final stages of discussions with banks on the best way to conduct the listing, according to its chairman Mohammed Alabbar.

Sotheby’s To Auction $1.5m Damien Hirst Artwork In Doha

The artwork, Tranquility, is also part of the auction house’s public exhibition in Dubai.

Dubai Approves Bridge To Link Mega Tourist Island Project

The Dh6 billion Bluewaters Island project will also be connected to the mainland via a monorail system and a footbridge.

Emaar Plans $2.5bn Listing Of Shopping Mall Unit

The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.

GQ Bar Bosses: Promoting Gentlemen’s Culture In Dubai

The newly launched GQ Bar in Dubai is calling all gentlemen to experience a night they won’t forget, its owners tell Aarti Nagraj.

Pictures: Waldorf Astoria Hotel In Dubai’s Palm Jumeirah

The 319-room hotel marks the Hilton luxury brand’s first entry into Dubai.

Dubai Lynx Awards 2014 Winners Announced

Memac Ogilvy Dubai claimed agency of the year, while Ogilvy & Mather bagged network of the year award.

Dubai Islamic Bank Eyes Kenya, Indonesia For Expansion

The emirate’s largest sharia-compliant lender says it is entering a growth phase domestically and internationally.

Official Opening For Waldorf Astoria Dubai Palm Jumeirah

Second Waldorf Astoria to open in the UAE features varied F&B options and MICE facilities to appeal to business and leisure travellers

Around 181 Firms Join TECOM’s ICT Cluster In 2013

Dubai Internet City and Dubai Outsource Zone recorded strong growth in 2013, TECOM said.

In-Room IPads For Address Hotels’ Guests

New tech move allows guests to access hotel services and make spa, golf and movie bookings

Middle East Investors Ready To Spend $20,000 On Art – Experts

Necessary market maturity and support infrastructure have increased the appeal of the Middle East’s art market, experts say.

Dubai Mall Displays 155 Million Year-Old Dinosaur

The specimen, a late Jurassic period dinosaur, is 24.4 metres long and 7.6 metres high and is expected to boost the mall’s footfall.

Dubai Should Offer Incentives To Become Viable Film Production Hub

International filmmakers will only be lured to the city if it offers attractive benefits and creates a strong production ecosystem, say experts.

JA Resorts And Hotels Buys Maldives Resort

Dubai operator steps up its Indian Oceans portfolio with purchase of 84-key resort

UAE’S Emirates REIT To Raise At Least $135m In Dubai IPO

The company plans to use the proceeds for possible future acquisitions and investment in existing assets.

Dubai Design District Records High Investor Interest

The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.

UAE’s Retail Sector To Grow 33% By 2015

Dubai’s retail industry is one of the most lucrative sectors for foreign investment, according to a new report.

Strong Demand Spurs Emaar To Launch Second Phase Of MBR City Project

The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.

Dubai Silicon Oasis Authority Launches Dhs1.1bn Smart City Project

The project in Dubai will span an area of 150,000 square metres.

Emirates Starts Daily Boston Flights

The east coast city becomes the eighth destination in the carrier’s US network

UAE’s Arabtec Agrees $40 billion Housing Project With Egypt Army

The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.

Dubai 2013 Trade Growth Slows But Iran Business Stabilises

The non-oil foreign trade of Dubai rose to Dhs1.329 trillion ($362 billion) in 2013, data from Dubai Customs revealed.