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With oil low, wealthy Abu Dhabi tightens belt a notch

Less money is going towards high-profile investments abroad and there is a renewed emphasis on developing the domestic economy, bankers and businessmen say.

Etihad-backed Alitalia unveils new cabins, services and livery

Seats and services are now more closely aligned with partner Etihad.

Emirates inks air-rail codeshare with France’s SNCF, adds 19 new destinations

The deal will help boost Emirates network in France and ease connectivity for passengers.

Dubai Parks and Resorts begins leasing retail, dining units in Riverland

The entrance plaza will feature about 50 dedicated outlets along with various street dining options.

Dubai named fourth most popular city among international visitors

The emirate is expected to receive about 14.3 million international visitors this year, up by 8 per cent from 2014, a new study says.

Emaar Properties trims Egypt listing price, sees up to $334m float

The flotation will involve 600 million shares, equivalent to 12.99 per cent of the company, offered at a price between 3.5 pounds and 4.25 pounds.

Low oil prices, regional tensions dent business confidence in the UAE

A new survey found a large quarter-on-quarter dip in UAE hiring during Q1 2015.

Dubai Emaar Properties beachfront project to cost $2.7 bn

The project will have 4,000 residential units, 300 hotel rooms, and 250,000 square metres of retail outlets.

UAE oil minister says correction not over yet

The minister was upbeat as he noted that the supply glut in the market has reduced significantly.

Emirates NBD expects 12-15% growth in retail business in 2015

Oil price volatility is not expected to impact Emirates NBD’s retail growth estimates, a senior official said.

42% of UAE employees find workplace stressful – report

A study of 564 UAE employees also found less than half believed their company took an interest in their wellbeing.

UAE non-oil business growth slows marginally in May – PMI

Output growth rose to a three-month high index reading of 62.8 points in May but the increase in new orders fell.

Etihad starts Boeing 787-9 Dreamliner services to Brisbane

The service will replace Etihad’s daily one-stop flight via Singapore.

UAE tourist spending up 5% in Q1 2015 – report

American tourists accounted for 21 per cent of the overall UAE tourism spend in Q1 2015.

UAE issues law against doping in horse races

The new rule prohibits the administration of banned substances to horses and lays out strict penalties to offenders.

Abu Dhabi fund ADIA manages more of its billions in-house

The proportion of its assets managed by external fund managers fell to 65 per cent last year from 75 per cent in 2013, the authority said.

Etihad Airways rejects subsidy claims, attacks U.S. airline ‘oligopoly’

The Abu Dhabi airline said U.S. Open Skies policy did not prohibit airlines from receiving shareholders loans.

Solar Impulse 2 forced to land in Japan

Poor weather conditions forced the plane to land in Nagoya, officials said.

Majid Saif Al Ghurair appointed new chairman of Dubai Chamber

The chamber also elected two new vice chairmen and other executive committee members.

Etihad starts A380 services to Sydney

The A380 will now operate one of the airline’s two daily services between Sydney and Abu Dhabi.

UAE’s midday work ban to begin from June 15

Firms found flouting the rules will be fined Dhs 5,000 per worker while the penalty will rise to Dhs 50,000 if a large number of labourers are found to be working.

Revealed: Biggest banks in the UAE

The top 10 biggest lenders in the UAE by 2014 total assets, taken from the Gulf Business Top 50 GCC Banks.

UAE clears MERS patients, Saudi finds 11 new cases

Gulf countries have been seeing a seasonal surge in the number of MERS cases, a trend that has been worrying experts.

GCC’s construction sector to boom despite oil price drop

The Gulf’s construction sector is estimated to reach a value of $172 billion in 2015, a new study said.

Real estate ranked as favoured asset class by UAE investors – survey

Stocks and precious metals were the other favoured asset classes among UAE investors, a Franklin Templeton survey found.

UAE’s R Holding launches retail projects worth Dhs700m

The company is currently building five retail projects in Ajman and two in Dubai, a statement said.

Ramadan likely to start on June 18, Eid to fall on July 17 – Astronomers

Fasting hours are anticipated to stretch for up to 15 hours and 15 minutes at the beginning of the holy month.

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.