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SME loan losses hit RAKBANK in Q3

Despite the hit from bad SME loans, the bank’s CEO said it was “firmly committed” to the business

Etihad, Jet Airways announce new Abu Dhabi-India services

From early 2017 the two plan to add 28 weekly flights and routes to three more Indian cities

Apartment rents decline in Dubai and Abu Dhabi in Q3

Bayut.com said there were high single digit rental declines for some apartment types

Qatar and UAE close gender gap but rank poorly worldwide

Gulf economies were the worst performing in the high income group in this year’s index

Abu Dhabi Investment Authority to open Hong Kong office

The office will be ADIA’s only overseas location

Commercial Bank of Dubai CEO to retire

Peter Baltussen joined the bank in 2006

UAE’s Etisalat Q3 net profit up 16%

The carrier missed the average forecast of analysts

New details of proposed Dubai-Abu Dhabi hyperloop system

The proposed system will link key landmarks, airports and ports in the two cities

National Bank of Abu Dhabi posts flat Q3 net profit growth

NBAD is currently in a merger process with rival First Gulf Bank

Plans for $300m Dubai Cityland Mall revealed

The mall is claimed to be the first in the world inspired by nature

UAE professors to build country’s first ’emotional robot’

The robot will use touch, gaze and gesture to communicate

UAE climbs to 26th in World Bank’s Doing Business ranking

The emirates climbed the most places among the Gulf countries

UAE penal code changes allow for immediate deportation

New changes increase the maximum fine for some crimes and allow the option of community service for misdemeanours

Habtoor Leighton awarded Dhs500m contract for DIFC’s Gate Avenue

The Gate Avenue development is DIFC’s largest current project

UAE’s Pacific Controls in talks to sell data centre to Etisalat -sources

The technology company, which is being advised by KPMG, built the data centre in 2011 with an investment of $85m

ADFG launches $200m fund on Abu Dhabi’s financial free zone

ADGM, the emirate’s financial free zone, allows fund managers to set up funds for all types of investors

Dubai International passenger traffic up 10% in September

The world’s busiest international airport saw strong passenger growth in September

Flydubai launches loyalty programme

The new programme allows passengers to earn points on fares (excluding taxes and fees)

Accor signs deal for new Novotel in Downtown Dubai

Construction of the property will begin next year

Dubai’s Emirates signs ‘multi-million dollar’ inflight entertainment deal with Thales

The deal will cover Emirates’ first 50 Boeing 777X aircraft

UAE President issues bankruptcy law by decree

The new law mean bounced cheques or unpaid debts will not land businessman in jail

$10m Sharjah waterfront extension to be completed by end-2016

The extension will add new cafes and restaurants

Apple iPhone 6 UAE’s most popular handset in Q2

Different iPhone models dominated the top five handsets but Apple was not the most popular manufacturer

Dubai’s Deyaar reports 22.5% increase in Q3 profit

The increase followed a significant rise in revenue

Dubai’s Mashreq Q3 net profit falls 24.8%

Profit was hit by the bank putting aside more cash to cover for bad loans

Pictures: Dubai’s Emirates completes $11m business lounge refurbishment

The refurbishment includes several world-first concepts

Dubai ruler receives $1.22m in UK farming subsidies

Greenpeace said Sheikh Mohammed was one of the biggest beneficiaries of UK farming subsidies

Dubai airport’s new process cuts arrival delays by 40%

The new procedure has also increased average air traffic movements at the airport

NBAD, FGB shareholders to meet in Dec for bank merger approval

The banks announced in July that their boards had approved the tie-up

Air Arabia to launch flights to Baku

The airline will operate four weekly flights from March 23, 2017