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Emirates: Working On “Point-By-Point” Rebuttal Of US Carriers Subsidy Report

The airline’s president Tim Clark states that its success is making Emirates a “scapegoat.”

Dubai Visitor Numbers Up 8.2% In 2014

New official report says a total of 13.2 million tourists visited Dubai last year.

UAE’s ADIB Q1 Profit Up 10.1% On Higher Revenues

ADIB made a net profit of Dhs450.8 million ($122.8 million) in the first quarter of 2015.

Airliner Diverted To UAE Airbase After Blast Warning

The state news agency said that the authorities resolved the situation using “appropriate standard procedures” after landing at the base.

Damac To Launch Mixed-Use Luxury Strip Vista Lux In Akoya

The project will house more than 2,000 hotel apartments and residences.

Nakheel To Build New Beachfront Resort In Deira Islands

The developer will partner with Spanish hotel operator RIU Hotels and Resorts to build an all-inclusive four-star resort in Dubai.

Abu Dhabi’s Dolphin Energy Seeks Adviser For $1bn Loan -Sources

The firm is looking for what bankers termed “incremental finance”, sources said.

Dubai’s Emaar Properties Q1 Net Profit Rises 7%

The developer made a net profit of Dhs1.03 billion ($280.4 million) in the first quarter of 2015.

UAE Loan Demand Growth Moderating, Credit Standards Tightening -Central Bank

Lower oil prices had only a minor impact on UAE credit conditions, with no effect on demand for business loans or credit standards, a new survey shows.

Dubai’s Damac Launches New Hotel Villa Concept Within Akoya Oxygen

Villas range from three to six bedroom units with prices starting at Dhs1.7 million.

UAE’s EIBOR Panel To Stop Fixing Rates On Saturdays

Currently, a fixing is scheduled for every day other than Friday.

Dubai’s Drake & Scull Wins $79m Engineering Contract

The mixed use project, in Dubai, is scheduled to be completed by 2016.

Dubai’s RTA Awards Dhs475m Contract For Mega Bluewaters Island Project

The contract has been awarded to build the bridges linking the project to the mainland.

Q&A: Aldar’s CEO On The Abu Dhabi Property Market

Aldar Properties CEO Mohamed Al Mubarak says the company is looking to launch 5,300 units over the next four to five years.

UAE’s Topaz Says Secures $550m Loan To Refinance Debt, Expand

The loan consisted of three portions lasting between five and seven years.

Nakheel’s New Dragon City Project To Begin Leasing Retail Space

The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.

High Living Costs Impact UAE Residents’ Ability To Leave An Inheritance- Survey

The majority of UAE residents want to leave behind an inheritance but only a fraction are confident of doing so, a new survey says.

Abu Dhabi’s TAQA Says Appoints Acting CFO

Grant Gillon has been appointed the acting chief financial officer of TAQA.

Etihad To Start Second A380 to London From May 1

Two of the airline’s three daily flights to London will now be operated by the jumbo jet.

Sharjah Aims To Attract 10m Tourists By 2021

The emirate’s tourism promotion agency said that it has outlined a clear plan to attract tourists and improve their experience.

Bahrain-Dubai Joint Venture Closes Third Bombardier Deal

The deal for the leasing of three Bombardier Q400 NextGen planes is worth $94 million at list prices.

Abu Dhabi Sovereign Wealth Fund To Buy HK Hotels In $2.4bn Deal

A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.

UAE Ranks In Top Three For Connectivity, ICT Usage – Report

Huawei’s 2015 Global Connectivity Index ranked the Emirates for its strong support for mobile adoption and widespread access to information and communication systems.

UAE Bank NBAD Expects Costs To Jump 10.9% In 2015 – CFO

The lender reported a marginal increase in first-quarter net profit.

Nakheel’s Net Profit Rises 115% In Q1 2015

The company attributed the growth in profits to a strong performance by its development business.

Dubai Investments Posts 6.5% Q1 Net Profit Rise

The conglomerate said its net profit was Dhs282 million in the first quarter of 2015.

Dubai’s Emaar Malls Q1 Net Profit Rises 32%

The unit made a net profit of Dhs433 million in the first quarter of 2015.

UAE Bank NBAD’s First Quarter Net Profit Hampered By Costs

NBAD made a net profit of Dhs1.42 billion in the first quarter of 2015.

Dubai’s ENBD Sets Pricing For $500m 5-yr Bond At Midswaps Plus 150 bps

The size of the issue was capped at $500 million and books exceeded $650 million with more accounts to respond.

Abu Dhabi’s NMC Health Acquires Two UAE Medical Firms

The company has acquired Abu Dhabi-based Americare Group and Sharjah-based Dr. Sunny Healthcare Group.