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Nakheel Issues $33m Sukuk As Part Of Debt Deal

The proceeds will be used to settle trade creditor claims against the Dubai developer.

Dubai’s Cautious Property Comeback

The emirate’s real estate sector edged backed to life in 2012.

Dubai Rents Up 7% In 2012, To Rise Further In 2013

Apartment rents in Dubai rose seven per cent year-on-year, while villa rents increased six per cent year-on-year in 2012, says new report.

Le Méridien Mina Seyahi Reopens After Refurb

Well-known hotel sports ‘chic new look’ and aims to serve as a contemporary city escape for business and leisure travellers

Fashion TV Announces New ‘Studio F’ Venture In Dubai

The French broadcasting station’s new venue will act as a fashion studio, a restaurant and a VIP night lounge.

Exclusive: Dubai World Central Airport May Open Early For Passengers

The passenger complex at the new Dubai World Central Al Maktoum International Airport could open as soon as Q1 2013.

Dubai’s BurJuman Shopping Mall Begins Expansion

A new Carrefour hypermarket and a 14-screen Vox Cinemas multiplex are part of the mall’s renovation plan.

Dubai Islamic Bank To Fully Acquire Mortgage Firm Tamweel

The Dubai-based lender already owns a 58.2 per cent stake in Tamweel.

Dubai Telco Du Signs $100m Financing Deal

The telecoms operator plans to use the funds for the future growth of its business.

UAE’s New Mortgage Rule Will Deter Property Investors – Experts

The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.

Concourse A Opens At Dubai International

EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.

Dubai Approves New Budget; Spending Set At Dhs34.1bn

Government expenditure is up six per cent from 2012, while revenues are forecast to rise 7.8 per cent in 2013.

Nakheel Awards $136m In Contracts For Villa Project

Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.

Emirates Gears Up for Double Daily A380s to New York and Paris

The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January

Emirates And CAE Investment Tops $260 million

The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year

Emirates Signs Five-Year Partnership With ATP

As part of the deal, Emirates will become the official airline of the ATP World Tour and the new title sponsor of the ATP Rankings.

Dubai’s Ruler Inspects New Emirates’ A380 Terminal

The new facility at Terminal 3 of Dubai’s International Airport is scheduled to receive its first flight in January 2013.

Dubai-Based QE2 Liner Not To Be Scrapped

Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.

Dubai Targets 66m Passengers In 2013

Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.

Dubai’s MAF Group Eyes Egypt Supermarkets In $300m Deal

The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.

Dubai’s du Secures $500m Debt Facility To Fund Business

The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.

Emirates NBD To Buy BNP Paribas Egypt For $500m

The Dubai bank will also make an offer to minority shareholders for the remaining 4.8 per cent.

Emirates-Qantas Deal Approved By Australia Watchdog

The alliance includes switching Qantas’ hub to Dubai from Singapore for European flights.

Emaar Signs $500m Deal For Turkey Project

Emaar Square will house over 1,000 luxury homes, a 180-bedroom five-star hotel and the largest shopping mall in Turkey.

Dubai Taxis Rank Third Best In The World

TripAdvisor’s annual Cities Survey ranks the emirate’s cabs highly.

Al Habtoor Group Postpones $1.6bn IPO

The group’s chairman will “continue to focus on best practice and growing the company in a sustainable way.”

ENBD Frontrunner For BNP Paribas Egypt Arm

Emirates NBD’s offer was highest in a second round of bidding that took place in December.

GALLERY: Inside Dubai Airport’s New A380 Facility

Take a look at the new Concourse A inside Terminal 3 of Dubai International.

Dubai’s A380 Facility – What To Expect

A look at the new 500,000sqm Concourse A that has the capacity to handle 15 million passengers a year.

Dubai’s Habtoor Hotel Renovated In 2013

The five-star resort will see its 446 rooms and F&B outlets refurbished.