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Arabtec Reveals 189% Q3 Net Profit Rise

The Dubai-based construction firm revealed a net profit rise of 137 per cent for its first nine months of the year.

ME Business Jet Market “More Developed Than China Or Russia”

Airbus hopes the display of the Emirates Executive ACJ319 at next week’s show will lead to more sales.

Emirates Adding Second Daily A380 To Munich

Munich authorities will have weighed up the increased traffic benefits against the impact it will likely have on Lufthansa’s Dubai-Munich loads.

First Look: Mövenpick Hotel Jumeirah Lakes Towers

Swiss chain’s sixth Dubai hotel may be small but overseas-and-residential focus means potential is high.

IMF Warns Dubai Of Property Market Exuberance

House prices in the emirate have jumped over 20 per cent in the last year, prompting the IMF to warn in July of the risk of another bubble forming.

Dubai To Launch Islamic Corporate Governance Centre Next Year

The standards will not be compulsory for firms but the centre will issue sharia-compliance certificates to companies and banks meeting them.

Emirates’ Half-Year Results – Why Is Profit Flat?

The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.

Dubai’s GEMS Sets Initial Price On Hybrid Sukuk

GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.

Emirates Airline Reports 2% Net Profit Rise

The Emirates Group announced figures of Dhs2.2 billion net profit for the first six months of its fiscal year.

Dubai Islamic Bank Posts 33.5% Profit Increase

The bank made Dhs1.2 billion in the nine months to September 30 up from Dhs899 million in the corresponding period last year.

Fairmont The Palm Penthouses Target Second Homers

Repeat holidaymakers and executives can now buy a slice of Penthouse luxury living.

Veteran Gulf Banker Plans Investment Bank In Dubai

Emad Mansour was recently the chief executive of Doha-based Qatar First Bank.

Wizz Air Offers Dubai Passengers Priority Boarding

The service costs an additional €10 per flight on services to Kiev, Sofia, Budapest and Bucharest.

Etisalat In $400m Loan Tussle With Stan Chart, Citigroup

Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.

Dubai Receives 7.9 Million Visitors In 9 Months

Saudi Arabia continued to be Dubai’s primary source market, recording a 31.6 per cent rise in visitor numbers.

Accor Opens Fifth Novotel In UAE

The 466-room property will target ‘new Dubai’ businesses as well as value-seeking business travelers.

Dubai Airshow Preview

Set in the new Al Maktoum International Airport, Dubai’s Airshow is set to be bigger than ever.

Flydubai Secures $228m Loan To Finance Six Jets

The financing is for six Boeing 737-800 aircraft three of which are scheduled to be delivered in the second half of 2014.

Arabtec Wins Dhs1.8bn Tower Contract In Dubai

The new tower, rising 369.1 metres, will be one of Dubai’s top ten tallest buildings.

Dubai’s The Entertainer Launches Mobile App

The Entertainer has been on a major expansion drive following investment by Abraaj Capital.

Dubai H1 GDP Growth Accelerates To 4.9%

Dubai’s real estate market has been rebounding from its crash while the hotel and restaurants sector grew 13.7 per cent in the first half of the year.

Drake & Scull’s Q3 Profit Misses Forecasts

The Dubai company reported a net profit of Dhs23.8 million for Q3, compared with a profit of Dhs3.9 million in the corresponding quarter in 2012.

Emirates Starts Sialkot Services

Dubai carrier is eyeing a wide range of export opportunities.

Mövenpick Hotel Jumeirah Lakes Towers Opens

Swiss operator’s sixth Dubai property is an “unpretentious” addition to the New Dubai scene.

Fairmont The Palm Opens Art Suite

Rotated on a quarterly basis, the suite will be home to works selected by Showcase Gallery.

Dubai Motor Show Begins – New Supercars Unveiled

More than 600 vehicles will be on show with an expected attendance of over 100,000 visitors.

Dubai Financial Market Swings To Q3 Profit

DFM made a net profit of Dhs82.8 million in the three months to September 30, compared with a net loss of Dhs1.7 million in the same period in 2012.

Dubai’s Online Real Estate Portal To Increase Transparency

The new portal will provide information on real estate and support stakeholders across the industry.

Damac Announces $500m London Share Listing

Citigroup and Deutsche Bank are joint bookrunners for the offering.

Dubai’s Arabtec Forms New South Korean Joint Venture

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.