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Emirates to sponsor FA Cup for the next three years

The FA, which will rebrand the competition as The Emirates FA Cup, did not release any financial details.

Emirates to launch daily service to Bologna in Italy

The service is scheduled to begin on November 3, 2015 and will increase Emirates’ weekly flights serving Italy to 56.

UAE’s Rakbank buys 79.23% of RAK National Insurance in tender offer

The lender acquired 87.15 million shares at a total value of Dhs317.2 million ($86.37 million), it said in a bourse filing on Thursday.

Phase 1 of Meydan Sobha’s District One project on track for 2016 completion

The developer said it has recorded strong investor interest in the project and has sold out all villas in the first phase.

UAE bank ADIB eyes capital-boosting measures to back growth

The bank will convene shareholders soon to vote on a rights issue worth Dhs504 million and raise its sukuk limit to $3 billion from the existing $2 billion ceiling.

Nakheel to launch retail space for lease at Ibn Battuta Mall extension

The developer will launch 766,000 sq ft of additional shop and restaurant space for lease at the mall on June 1.

Etihad posts 52.1% rise in 2014 net profit on strong passenger growth

The airline carried 14.8 million passengers in 2014, an increase of 22.3 per cent year-on-year.

Etihad to support 23,400 jobs, add $2.9bn to US economy in 2015 – study

By 2020, the airline will have committed $41 billion to the US’ GDP, an Etihad-commissioned study by Oxford found.

Abu Dhabi fund ADIA names Pandtle head of US internal equities

Pandtle, who previously worked at Eagle Asset Management, will oversee the management of US-focused equity portfolios run by the fund.

New Bollywood movie ‘Dishoom’ to film in Abu Dhabi

The movie, starring John Abraham and Varun Dhawan, is scheduled to film in the emirate in late 2015.

Nakheel says work on The Pointe mall at Palm Jumeirah 30% complete

The developer says Dhs800 million mall on track for opening in 2016.

Dubai’s Marka acquires stake in UK-based e-commerce site Icons

The company purchased a 65 per cent stake in sports merchandise retailer Icons for a value of Dhs15.3 million.

Dubai Aerospace sells US aircraft maintenance firm StandardAero

The terms of the transaction were not disclosed but earlier reports hinted that the sale was worth at least $1.8 billion.

Dubai’s Marka to invest Dhs250m in 2015, eyes two deals

The company is looking to close deals in the UAE’s hospitality and retail sectors, officials said.

Over 60% of UAE residents are overweight or obese – study

Egyptians and Jordanians in the UAE were found to have the highest average BMIs among residents.

UAE to set up Dhs100m space research centre

The centre is the first of its kind in the Middle East and will help the UAE send its unmanned mission to Mars in 2021.

Reem Island murder suspect’s mental illness claims disproved in court

Alaa Bader Al Hashemi was sent for a medical examination after she claimed to be suffering from a mental illness.

Abu Dhabi eyes golf tourism to increase visitor numbers

The emirate is establishing a new committee to promote its golf tourism ambitions.

Dubai’s bourse to add trading-at-last session

The new trading-at-last session will start 20 seconds after 1355, allowing investors to place orders based on the already calculated closing prices of securities.

Abu Dhabi Islamic Bank eyes UAE expats as industry growth slows

UAE banking sector revenues rose nearly 14 per cent last year but expansion shows signs of decelerating due to factors including oil price drop and a cooling of real estate markets.

Abu Dhabi’s Gulf Capital says eyes four deals in Egypt

The company aims to hold $5 billion in assets under management by 2018, CEO Karim El Solh said.

Why the DIFC’s new wills registry can bring more capital flows into Dubai

The new registry gives non-Muslim expatriates the option to decide on their inheritance policy.

Egypt denies Arabtec project to build a million homes has stalled

Egyptian officials have said the entire project will cost about 280 billion Egyptian pounds ($36.7 billion).

UAE to establish common database of all patients’ medical records

The move, endorsed by the cabinet, aims to streamline healthcare services in the country.

US Embassy urges citizens to be cautious in Abu Dhabi’s rural areas

The warning comes after an individual was hit and run repeatedly in Al Bahia, a rural area of Abu Dhabi.

RTA mulls car rental scheme for metro users

The scheme, when implemented, is expected to lessen carbon emissions, increase the use of public transport and reduce car ownership.

UAE releases two Qataris sentenced for insulting local leaders

The UAE justified the pardon, saying that it wanted to smoothen its relationship with ally Qatar.

UAE banks discuss plan for centralised Islamic finance board

The banks said that it is working closely with the central bank in setting up a Higher Sharia Authority that would complement and oversee the work of individual sharia boards.

Etihad to respond to US government on subsidy claims by May end

The carrier will be the first among the three Gulf airlines to file an official response.

Abu Dhabi announces two new MERS cases

Health officials said that both patients are in a stable condition and are receiving the necessary medical care.