Abu Dhabi Eyes New Airport Terminal By 2017

Etihad Airways’ new home will add capacity for an extra 30 million passengers per year.

Major Building Fires In Dubai This Year

Several residential and commercial buildings in the city have witnessed fire accidents in 2012.

Abu Dhabi’s Invest AD Launches Mideast, Africa Bond Fund

The new fund has a seed capital of $25 million and will invest mainly in dollar-denominated debt.

Goldman Sachs Buys $40m Warrants In Drake & Scull

The global investment bank can exercise warrants after two years. The lender secured a loan facility for D&S last week.

Preview: Middle East Business Aviation Show

Dubai World Central is set to become the new hub for business aviation.

VIDEO: Dubai Fire At JLT’s Tamweel Tower – The Day After

The building’s owner issues statement of support for residents as blame circulates around building’s materials.

India’s Zuari Eyes $800m Fertiliser Plant In UAE

The plant in Ras Al Khaimah will produce one million tonnes of diammonium phosphate fertiliser a year when complete.

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.