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Dubai Airport Traffic Cut By Runway Work In June

Passenger traffic through Dubai’s main airport dropped 8.5 per cent from a year earlier in June to 5.07 million people.

UAE’s RAKBANK Says In Talks To Acquire RAK National Insurance

The lender is talking to the country’s markets regulator as well as Abu Dhabi exchange to ratify details of the deal.

Revealed: Luxurious Eid Al Fitr Hotel Deals In The UAE

Pamper yourself with a high-end holiday this Eid Al Fitr.

Dubai Islamic Bank Records 59.6% Q2 Profit Gain

DIB’s earnings were boosted by a 34.5 per cent increase in income from commissions, fees and foreign exchange.

DP World H1 Gross Container Volumes Up 10.7%

Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.

UAE’s TAQA Pulls Out Of $1.6bn India Power Deal

In March, TAQA said a consortium led by it had agreed to buy the two power plants from Jaiprakash Power Ventures.

Dubai Telco Du Q2 Net Profit Gains 15.6%

The firm made a net profit of Dhs547.7 million in the three months to June 30.

Dubai’s Emirates NBD Q2 Net Profit Jumps 34.8%, Beats Estimates

The lender made a net profit of Dhs1.31 billion in the three months to June 30.

Dubai’s Marka To List Shares In Mid-September

Marka’s listing would be the Dubai Financial Market’s first flotation for five years.

UAE’s Moon-Sighting Committee To Meet On Sunday To Announce Eid Date

The committee, chaired by the UAE’s Minister of Justice, will announce the start of the Shawwal month, signalling Eid Al Fitr.

Dubai Records Real Estate Deals Worth Dhs113bn In H1 2014

Real estate deal value in Dubai fell to Dhs52 billion during the second quarter of this year from Dhs61 billion in the first quarter of 2014, official figures reveal.

Dubai Lender Mashreq Q2 Net Profit Jumps 45%

The lender made a net profit of Dhs585 million ($159.3 million) for the three months to June 30.

Dubai Developer Deyaar Q2 Net Profit More Than Doubles

The company made a quarterly consolidated net profit of Dhs62.5 million ($17 million) compared with Dhs27.3 million in the corresponding period in 2013.

Flydubai To Start Flights To Mumbai From October

The low-cost carrier will operate direct flights to the Indian city five times a week from October 28.

Jet Airways To Revamp Business Strategy Post Sale To Etihad

Under the new plan, Jet Airways will widen its service network and increase frequencies on its existing routes.

Dubai’s Majid Al Futtaim Says H1 Revenues Jump 14%

The firm made Dhs12.8 billion ($3.5 billion) in the six months to June 30, it said in a statement.

Dubai’s Rents Up Almost 50% During Last Two Years- CBRE

Residential rents in Dubai grew 20 per cent year-on-year during the second quarter of 2014, with apartments seeing the strongest rise, a CBRE report says.

Japan To Count Saudi, UAE Crude Storage Toward Reserve Goals

Japan has been lending 10.7 million barrels of crude tank capacity to the two countries.

Four Seasons Dubai Targets December Launch

The 14-acre luxury resort, located in Jumeirah Beach, features a Spanish-Mediterranean feel with Arabian accents.

UAE’s First Gulf Bank Posts 16% Q2 Profit Hike, Matches Estimates

The bank made a net profit of Dhs1.35 billion ($367.6 million) for the three months ending June 30.

Dubai’s RTA Says First Batch Of NOL Cards Issued In 2009 To Expire By Aug

Public transport users can use their expiring NOL cards until they finish their balance amount, RTA said.

UAE Lender NBAD Posts 17.5% Q2 Net Profit Gain, Beating Forecasts

NBAD made a net profit of Dhs1.42 billion ($386.6 million) in the three months to June 30, the bank said in a statement.

Abu Dhabi Commercial Bank Posts 22% Q2 Net Profit Hike

The bank made a net attributable profit of Dhs1.06 billion ($288.6 million) in the three months ending June 30, it said in a statement.

Dubai’s Damac Says New Loretto Project Sells Out In One Night

The Loretto project, which has nearly 300 luxury apartments, is located in Damac’s flagship AKOYA development.

Dubai International Airport Resumes Full Operations After Runway Upgrade

The number of flights to the airport surged 31 per cent with the opening of both the runways, Dubai Airports said.

Abu Dhabi’s House Prices Soar 17% In H1 2014

Residential sales prices in the emirate grew seven per cent in the second quarter of 2014, a new report says.

Aldar, Chalhoub To Launch Region’s Largest Department Store In Yas Mall

The new department store, spread across 200,000 sqft, will showcase over 200 global brands.

Stock News: UAE Slips As Arabtec Continues To Drop

Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.

UAE’s Waha Capital Q2 Net Profit Jumps On AerCap Deal

Waha, whose shareholders include Abu Dhabi government entities, made Dhs1.14 billion in the second quarter of the year.

UAE’s Second Tallest Tower Is 80% Complete, Says Developer

The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.