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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.

Dubai’s Amlak Finance shares to resume trade on June 2 after 6-year suspension

Trading in Amlak was halted as credit markets dried up and the emirate’s real estate prices began a near-50 per cent tumble from their peak.

Dubai’s Amanat buys 4.14% stake in Al Noor Hospitals

Amanat was set up to invest in education and healthcare businesses in the UAE and other Gulf states.

DFSA fines United Investment Bank Limited $56,000

The financial freezone regulator said the bank was guilty of flouting anti-money laundering rules.

Dubai property rents drop, unlikely to rise sharply in the short-term – report

Average rents across the emirate are down 1.5 per cent compared to the same time last year, says Cluttons’ latest report.

Dubai house prices to fall further this year – Cluttons

Home values slipped 0.8 per cent in the first quarter, leaving average prices 0.5 per cent lower than a year earlier and 19.4 per cent below the 2008 peak, a new report says.

Emaar says IPO for hospitality unit remains on hold

The Dubai-based company has said that the IPO for EHG will be dependent on the right market conditions.

UAE’s Abraaj Group to invest $30m in Middle East SMEs

The company is investing in a new fund, which aims to address the funding gap for SMEs in the Middle East, North Africa and South Asia region.

Dubai’s Emaar announces intention to float Egypt unit on Cairo bourse

Emaar said it would use some of share sale proceeds to fund new developments in Egypt and grow its land bank in the country.

UAE’s RAKBANK makes offer to buy RAK National Insurance

The bank is looking to buy all or some of the shares of the insurance company at a price of Dhs3.64 a share.

UAE sentences five Qataris to jail for insulting leaders on Twitter

All accused in the case were also charged with a fine of Dhs1 million for the offence in addition to the jail term.

Despite rumours, Apple remains mum about Dubai store’s launch in August

The tech giant will open its biggest store worldwide in Dubai this summer, say reports.

UAE salaries to grow by 6% in next 12 months- survey

The majority of HR directors in the UAE noted a return of salary inflation for existing and new employees, a new study says.