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UAE’s Al Noor Hospitals 2014 Profit Rises 36% On More Outpatients

Abu Dhabi’s largest private healthcare provider, listed in London, reported a net profit of $84 million for 2014.

UAE Drafting Law For 100% Foreign Ownership Of Firms – Minister

Sultan bin Saeed al-Mansouri did not specify in which sectors the government would permit full foreign ownership of companies.

Dubai Property Prices Fell Slightly In Jan, Feb 2015 – Report

Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.

Emirates Amends Cockpit Policy Post Germanwings Crash

The new policy will require two crew members to be present at the cockpit at all times.

UAE’s Islamic Banking Assets To Reach $263bn By 2019

Islamic banking assets in the Emirates crossed $1 billion in 2014, a new report says.

Dubai’s Majid Al Futtaim Rules Out IPO, Plans Egypt, Saudi Expansion

The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.

Credit Suisse Raises UAE Equities To Overweight From Neutral

The key risks for the UAE stock markets are an escalation of the military conflict in Yemen and renewed weakness in oil prices, Credit Suisse said.

Yemen President Fires Predecessor’s Son, Escalating Power Struggle

Ahmed Ali Saleh, son of former president Ali Abdullah Saleh, was Yemen’s ambassador to the United Arab Emirates.

Rising Costs Facing Mideast Firms In Fight Against Financial Crime

Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.

Foreign Direct Investment Flows To Dubai Reach Dhs28.6bn In 2014

The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.

Prince Bishop Wins Dubai World Cup

Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.

Aabar Chairman Says UniCredit Bonds Not An Exit From Bank Investment

Aabar chairman Khadem al-Qubaisi said the company may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.

Borse Dubai Rules Out Nasdaq OMX Group Stake Sale

The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).

Borse Dubai Says Sold Complete Stake In London Stock Exchange

The firm had been the biggest single shareholder in the LSE prior to the sale.

Abu Dhabi Airports Chief Tony Douglas Steps Down

Authorities said the CEO’s departure would not affect the Midfield Terminal expansion.

Dubai Launches Second Phase Of Healthcare City Project

The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.

Borse Dubai Selling Stake In London Stock Exchange -Source

Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.

BIE Secretary General Says “Pleased” With Dubai’s Expo 2020 Progress

The head of BIE is on an official visit to Dubai to discuss the approaching submission of the Expo 2020 registration document.

Dubai Government Establishes P&O Ports Subsidiary

P&O Ports has signed MOUs for preliminary discussions with the governments of Madagascar, the Republic of Somaliland and Albania to enhance their port infrastructure.

Dubai World Gets Approval To Restructure $14.6bn Debt Outside Court

The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal.

Gas Explosion In Saadiyat Injures One Resident

The cause of the explosion is yet to be confirmed, according to the building manager.

Dubai’s Amlak To Seek Shareholder Backing To Lift Six-Year Trading Halt

Trading in Amlak was halted in November 2008 as credit markets dried up and the emirate’s real estate prices began a 50 per cent tumble from their peak.

Emirates Airline Sets Final Guidance For UK-Guaranteed Sukuk

The deal has garnered more than $3 billion in orders, a document showed.

Emirates Announces Daily Service To Orlando As Subsidy Debate Rages

The non-stop flights are scheduled to begin from September 1, 2015.

Aabar Investment Sets Exchange Price Of UniCredit Shares At 8.8642 Euros

The company said earlier that it had successfully placed 2 billion euros ($2.18 billion) of unsecured exchangeable bonds over shares of UniCredit.

UAE Central Bank Expands Islamic Banks’ Access To Its Funds

Islamic banks will be allowed to use sharia-compliant securities other than central bank-issued Islamic certificates of deposit to borrow overnight from the central bank.

Al Etihad Credit Bureau Begins Issuing Company Reports

Reports will include details of credit facilities that are being used, total amount of credit taken and a firm’s track record of repayment.

Aabar To Raise Up To 2bn Euros Via UniCredit Exchangeable Bonds

Aabar said it would sell two tranches of bonds worth 750 million euros each, with an option to increase that amount by a further 250 million per tranche.

UAE’s Shah Gas Project Seen Achieving Full Capacity In Q2

Al Hosn Gas is the Shah gas development joint venture by the Abu Dhabi National Oil Company (Adnoc) and U.S.-based Occidental Petroleum.

Ras Al-Khaimah Launches $1bn 10-yr Sukuk -Leads

The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $2.5 billion, an earlier document showed.