Emaar Properties’ Apartment Sale Revenues Up 210% In Q3

The Dubai-based property developer made Dhs567 million from the sale of condominiums in the third quarter.

Large Fire In Dubai’s Jumeirah Lakes Towers

No casualties reported as huge blaze engulfs Tamweel tower in the early hours of Sunday morning.

Dubai Ruler Approves Dhs2.5bn Madinat Jumeirah Expansion

The project, slated for completion in 2015, includes a luxury five-star hotel, a villa complex and a commercial centre.

Dubai’s Drake & Scull Q3 Net Profit Falls 93%

The contracting firm was hit by higher costs and dropping contract revenue.

Dubai’s Mashreq Says Majed Saif al-Ghurair Resigns From Board

The lender did not provide any reason for his resignation.

HSBC Gets UAE Central Bank Nod For Lloyds Acquisition

HSBC Middle East is taking over Lloyds’ retail, commercial and corporate banking business in the UAE.

UAE’s TAQA In Q3 Loss On Higher Costs

Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.

First Gulf Bank Signs $900m International Loan

The UAE’s second largest lender secures loan, up from original $800 million after demand from banks.

Dubai Needs Affordable Shopping Malls

Retail must accommodate middle-class tourists’ needs as their numbers rise, say experts.

Drake & Scull Wins Contracts Worth $87 Million

The Dubai firm secures contracts in Saudi Arabia and the UAE ahead of Q3 profit announcement.

UAE Salaries To Grow 5.1% In 2013

Employees in the UAE saw average wage hikes of 5.2 per cent in 2012, says new survey.

World’s Tallest Hotel Opens In Dubai

The 355-metres tall JW Marriott Marquis Hotel opens its first tower, adding 804 rooms to Dubai.

UAE’s Crescent Petroleum To Enter Libya, Lebanon

The company is also looking to expand investment and production in Iraq, its CEO says.

UAE Toughens Law On Internet Dissent

Any person who “derides or damages” the reputation of the state or any of its institutions online will be imprisoned.

Abu Dhabi Rents Drop 6% In Q3 2012

Residential rents in the emirate continue to fall but still remain higher than Dubai, says new report.

Air Arabia Posts 126% Rise In Q3 Profit

The low-cost carrier reported a net profit of Dhs226 million in the third quarter.

Dubai Is Not Worried: Sheikh Ahmed

The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.

Emirates Profit Surges 104% As Passenger Yield Grows

The world’s largest Arab carrier witnessed a turnaround in profits in the first half of 2012 despite continued fuel price pressures.

ADIPEC Round Up – BP, ADNOC And Saudi Announcements

A round up of the day’s news and gossip from the region’s largest oil and gas event.

Dubai’s Commercial Property Sector Picks Up In Q3

Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.

Dubai’s Shuaa Capital Q3 Loss Narrows

The investment bank which has been through three CEOs in the past year posts Q3 loss of $3.78 million.

UAE Frees Hundreds Of Emirati Debtors From Jail

The country has released 290 people convicted of bouncing cheques, reports official WAM news agency.

First Free Sampling Store Opens In Dubai

Sample Central allows members to take products home for free in return for sharing their opinions.

Abu Dhabi Islamic Bank To Price Sukuk Thursday

The lender is set to raise $500 million from its offering after big investor interest for its debut deal.

Emirates May Buy 100 New Model Boeing 777s

The airline’s president Tim Clark has said the carrier could make its most expensive purchase ever from Boeing.

Emirates To Sponsor Glasgow 2014 Commonwealth Games

Dubai-based Emirates will now serve as the official airline of the games and the Queen’s Baton Relay.

Aldar Properties And Sorouh Real Estate In Advanced Merger Talks

The two Abu Dhabi-based developers both reported higher quarterly profit on Wednesday even with asset writedowns.

Recovering Dubai Still Faces $48bn Debt – Standard Chartered

A report from the UK-based lender says the emirate’s overall debt burden remains a challenge.

UAE Investors Dash To Cash

UAE investors are holding onto their cash and assets amid the uncertain economic outlook, however India is a favourite for investment.

British PM Cameron Meets KSA’s King Abdullah

The two leaders discussed regional and international developments, Palestine and the situation in Syria.