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Emirates NBD Q1 Profit Jumps 31%

The Dubai bank made a net profit of Dhs837 million in the three months to March 31 compared to Dhs641 million last year.

Dubai To Temporarily Close Godolphin Stable

Sheikh Mohammed said that no horse will run from the Newmarket stable until he is sure the yard is clean.

Arabtec To Buy EFECO Unit For $45m

Emirates Falcon Electromechanical Co specializes in the electro-mechanical building services sector.

Godolphin’s Al Zarooni Hearing Set For Thursday

Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.

Mashreq Capital Plans $100m Islamic Equity Fund

The investment unit of the Dubai lender plans to raise between $75 million and $100 million for the fund.

Dubai Investments To Complete $191m Asset Sale This Year -CEO

The company’s first-quarter profit was likely to be about Dhs190 million, said CEO Khalid bin Kalban.

Barclays’ Senior MENA Banker Resigns

Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.

Al Habtoor Unveils Water-based Theatre Plans

But Group CEO confirms there will be no new Metropolitan Hotel on the three-hotel site

UAE-Based Flydubai Latest Carrier Flying To South Sudan

The low-cost carrier will link Juba with Dubai four times a week.

Dubai Knowledge Village, Academic City See 24% Growth

The business parks now encompass 564 companies with an influx of HR and recruitment names in 2013.

Marks & Spencer, Mango Stores To Open In Al Ghurair Centre

The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.

Pudner To Leave Dubai’s ENBD, New CEO Will Reveal Priorities

Pudner is expected to stay as CEO until his contract expires at the end of this year.

Emirates NBD CEO Rick Pudner Resigns

Pudner has been at the helm of Dubai’s biggest bank since 2006 after 24 years at HSBC.

Etihad Travel Mall Opens In Dubai

New round-the-clock, comprehensive facility targets more Dubai passengers

Is Dubai Earthquake Proof?

What was it like being in the Burj Khalifa during the earthquake? Our structural design expert explains.

Emirates Sponsoring Roland Garros Tournament

Latest agreement is the third tennis sponsorship in Europe after the Italian Open and recently announced Barcelona Open

Earthquake Witness Accounts In Dubai, Abu Dhabi

People in the UAE recount their first reactions to the earthquake that hit Iran on Tuesday and sent shock tremors across the GCC.

Dubai Developer Nakheel Q1 Profit Up 36%

Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.

Emirates Holidays To Be Franchised, Targets Digital Growth

In regulated markets the division will team up with partners that have licensing expertise and knowledge, while in the unregulated markets it will seek exclusive GSA partners

Arabtec Not Interested In Buying Drake Stake

Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.

Major Earthquake In Iran, Shocks Felt In Dubai

A major 7.8 magnitude earthquake rocked Iran on Tuesday.

Dubai Police Adds Ferrari FF To Its Fleet

After unveiling a Lamborghini Aventador patrol car last week, Dubai Police now plan to launch a Ferrari.

Austrian Airlines €90 Million Investment To Benefit Dubai Passengers

Business class passengers can sink into flatbed seats and enjoy touchscreen monitors

Emirates NBD Eyes 40% Retail Lending Boom

ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.

Goldman Sachs Middle East Senior Banker Resigns

Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.

Dubai Most Profitable ME Route For Turkish Airlines

Its Dubai-Istanbul route has seen a 16 per cent growth in business class passenger revenue.

Emaar Launches Burj Vista In Downtown Dubai

This is the Dubai-based developer’s fifth property project launch so far this year.

Dubai Developers To Revive Housing Projects

Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.

Dubai Islamic Bank Q1 Net Up 17%

The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.

Dubai Rents Up 10% In Q1 2013, Set To Rise Higher

Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.