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Emirates Pumps $596m Into Indian Economy

The Dubai-based airline also supports over 72,000 jobs in India through its operations, says study.

Dubai’s Limitless To Sign $1.2bn Debt Deal In Sept

The state-owned property firm has rolled over the Islamic debt facility, owed to a syndicate of banks, several times.

Maradona Appointed Dubai Sports Ambassador

The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.

DP World’s H1 Profit Flat, Cites Global Climate

The Dubai-based port operator made a profit of $247 million in the first half of the year.

EXCLUSIVE: Phil Broad Resigns From Jumeirah Restaurants

Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.

Dubai Court Approves Drydocks $2.2bn Debt Plan

The Dubai World Tribunal formally approved the restructuring of shipbuilding unit Drydocks World.

Nakheel Refunds $57m To Investor Who Bought Three Islands

Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.

Yemen’s Aden Port To Cancel DP World Deal -Official

The two parties will use international arbitration if they are unable to reach an agreement, says official.

Dubai Higher Committee approves allocation of 2000 residential land plots

Dubai Property Value Drops In H1

The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.

UAE Unveils New Online Property Auction

Asteco partners with real estate auction website to provide new solution for UAE property owners.

Foreign Investors Spend $5.9bn On Dubai Property

Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.

Lawless Appointed Jumeirah CEO And President

Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.

Emaar’s Apartment Sales Pick Up In Q2

The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.

Dubai Trade Licences Up 17 %

Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.

Emirates Resumes Flights To Libya

The Dubai-based airline will begin operating flights to Tripoli from October 29.

Emaar Announces New Mosque In Dubai

The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.

Dubai’s Arabtec Posts $3.1m Q2 Loss

Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.

Air Arabia Q2 Net Profit Up 31%, Shares Rise

The UAE’s largest low-cost airline saw gains from under-served routes last quarter.

Palm Jumeirah most expensive area in Dubai; Jumeirah Village cheapest

Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.

Dubai Seizes Dhs4 million Worth Of Fakes From Warehouse

The goods seized included 5,300 television sets, 7,000 DVD players and various other devices including stereo sets, pressing irons and vacuum cleaners.

Dubai Financial Market Q2 Profit Drops 31%

DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.

REVEALED: Top Places To Buy Property In Dubai

Gulf Business lists the top nine property growers, including Arabian Ranches, The Springs and Palm Jumeirah.

Emirates Says Qantas Deal Likely In Six Months

Emirates’ chairman Sheikh Ahmed bin Saeed al-Maktoum clarified that the deal will not include a revenue-sharing agreement.

Dubai’s DP World Container Volumes Climb 7.5%

The port operator said that it handled 28.2 million TEU (twenty-foot equivalent container units) in the first half of the year.

Dubai Collects Dhs2bn Via Online Payments In H1 2012

The amount collected by the Dubai government’s online payment services in the first half of 2012 increased 21 per cent year-on-year.

Dubai’s DIFC Authority To Split Into Two Entities

Dubai International Centre will split into DIFCA and DIFC Property arms to boost its development.

Fitness First to create 300-400 new jobs

Health club chain on an aggressive expansion spree across the Middle East with a target of 100 clubs in the next five years.

Nakheel H1 Revenue Up 112% at Dhs3.1bn

The Dubai-based developer posts first half profits of $208.82 million, up 36 per cent from the same period last year.

Dubai Airport’s June Passenger Traffic Up

The busy airport saw a rise in footfall of 13.7 per cent for the first half of the year to 27.93 million with air cargo also increased.

UAE’s Du Posts 57% Rise In Q2 Profit

The telecoms operator made a net profit of Dhs325.5 million in the second quarter of the year.