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Citigroup Loses Appeal Over Abu Dhabi Fund’s Arbitration

Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.

Dubai Parks And Resorts Begins Work On DreamWorks Zone

The company said that work on the steel structure, in which the animation zone is located, has started.

UAE-Based Just Falafel Rebrands As JF Street Food

The company has also launched a global competition to choose new designs for its staff uniforms as part of the rebranding.

DIB Sets Final Price Guidance For Benchmark Tier 1 Sukuk

The sukuk will be launched and priced later on Wednesday, the arrangers said.

New Dubai Mid-Market Brand Rove Plans 10 Hotels By 2020

Developed by Emaar Hospitality and Meraas, the brand targets young tech-savvy travellers.

UAE Mulls Labour Law Amendment, New Standard Employment Contract

The amended law aims to reduce the gaps in working conditions between the public and private sectors, says labour minister.

Dana Gas CEO Says Oil Price Collapse Could Delay Egypt Payments

Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.

Dubai World $14.6bn Debt Deal Creditor Vote Set For March 17

Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.

Dubai’s Property Deal Values Fall 7.6% To Dhs218bn In 2014

Real estate deal values have declined from 2013, according to the Dubai Land Department.

Dutch Engineer Imtech Investigates Marine Unit In UAE

The company was hit by an accounting scandal in Poland and Germany in 2013.

Convenience Store Circle K To Open 28 New UAE Outlets In 2015

The move is part of a wider Middle East expansion plan to open 55 new branches this year.

Dubai’s Shuaa Capital Secures Dhs500m Loan To Fund SMEs

The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.

Oil Prices Plunge Again As UAE Defends Holding Production

UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC’s decision in November not to cut output had been right.

OPEC Won’t Back Down, UAE Minister Says As Oil Plunges

Brent crude dropped four per cent to below $46 a barrel following a five per cent plunge on Monday.

UAE Says Nuclear Energy Programme Progressing “On Schedule”

Emirates Nuclear Energy Corporation (ENEC) completes the concrete dome for the Unit 1 Reactor Containment Building.

Cayan Group Launches Projects Worth Dhs1.2bn In Dubai, Riyadh

The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.

UAE’s Shah Gas Project Online, To Reach Full Capacity By Year-End – ADNOC

The project will process around one billion cubic feet a day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.

National Bank Of Abu Dhabi Hires Low As SE Asia Debt Head

Wynce Low was previously head of debt capital markets for HSBC in Malaysia.

Nakheel Forms New JV Company To Lease And Sell Properties In Dubai

The new company, created through the joint venture, will operate under the Engel & Völkers brand, the developer said.

Dubai World Says $14.6bn Restructuring Deal Has Majority Creditor Support

The new restructuring plan involves repaying early an existing $2.92 billion maturity due in 2015.

Marka CEO Says Firm To Turn Profitable In Q4, Looks At New Buys

The chief executive said that Marka was also looking at four asset purchases in the food and beverage sector,

US Preclearance At Abu Dhabi Airport Now Extended To All US-Bound Flights

The facility will now be operational for Etihad’s early morning flights, EY103 to New York JFK and EY183 to San Francisco.

Dubai Makes Parent School Contracts Mandatory In Indian, Pakistani Schools

The parent-school contract will cover refund and admission policies, school fees, health, safety provision and transportation.

Dubai’s Damac Shares Surge On Home Market Listing

Damac traded at Dhs3.19, up 14 per cent from its London close last Friday.

UAE Launches New Programme To Change Lifestyles, Targets Health

The National Programme for Government Communication will run for seven years and cover health, education and the environment.

UAE Tops Global Sports Sponsorship Investment In 2014

In 2014, UAE companies, led by Emirates and Etihad, invested $163 million in shirt sponsorship, finds new report.

UAE’s Al Jaber Group Confirms CEO Exit

The Abu Dhabi-based group has seen a number of management changes in the last two years.

GCC Rail Projects To See Investments Worth $200bn

Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.

Buying Property In Dubai May Be Cheaper Than Renting It – Report

Certain locations in the city including International City and The Greens offer cheaper monthly mortgages, finds research.

Dubai Investments Says Near Completing Two Buys Worth Dhs400m

One of the purchases will be of a financial entity, with the second acquisition coming in the real estate sector.