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US Woos High-Spending GCC Visitors

There has been a marked increase in the number of direct air connections between the two regions in the last year.

Omniyat Unveils ‘ME by Melia’ Hotel Designed By Zaha Hadid In Dubai

The hotel is part of the developer’s Dhs2.5 billion Opus project, located in the Burj Khalifa district in Dubai.

Abu Dhabi’s TAQA Q1 Net Profit Jumps 158%

The firm made a profit of Dhs274 million ($74.6 million) in the three months to March 31.

UAE Declares Holiday For Private and Public Sectors On May 25

Work will resume for both private and public sector workers on May 26, officials said.

Emirates Says Interested In Buying Lufthansa Catering Business

Lufthansa, Europe’s largest airline by revenue, had put LSG Sky Chefs up for sale in 2012 but then abandoned the plans.

Lady Gaga Dubai Concert Censored To Respect Culture

Lady Gaga’s concert in Dubai is set for September 10.

Dubai Municipality, Emaar Plan Mega Beachfront Project In Dubai’s Al Mamzar

The mixed-use development is being planned around the 53-hectare Al Mamzar Lake.

Etihad Makes Shift To Qatar’s New Hamad Airport

The Abu Dhabi carrier flies four times daily to Qatari capital Doha.

University Of Dubai, IBM Partner To Set Up Smarter Cities Institute In Dubai

The institute will focus on skills development and research capabilities as Dubai targets becoming a ‘Smart City’.

Dubai Fund ICD Plans Sukuk, Bond Offering As Early As Wednesday

The fund aims to issue an Islamic bond with a six year lifespan and a conventional bond offering of 10 years duration.

Air Arabia Records Dhs75m Q1 Net Profit, Up 27%

The Sharjah-based low cost carrier recorded a 12 per cent rise in passenger traffic.

Dubai To Become ‘Open Air Gallery’ Under New Initiative

Dubai’s ruler Sheikh Mohammed launched the first project under the emirate’s Brand Dubai initiative.

Damac Real Estate Q1 Net Profit Up 79% On Dubai Growth

The developer said that booked sales more than doubled year-on-year to $864 million in the first quarter.

UAE Outperforms Emerging Markets Driven By Non-Oil Sector Growth

The country’s manufacturing and hospitality sector have seen immense growth

Abu Dhabi’s Waha Capital Q1 Profit Jumps 78%

Waha Capital’s net profit in the three months to end-March rose to Dhs152 million($41.4 million).

Dubai Hotel Chiefs Dismiss Over Supply Fears Post Expo 2020

Although over supply fears are uncalled for, average Dubai room rates need to decrease, industry experts say.

Emirates Launches Fifth Daily Flight To Singapore

The Asian country has become an important gateway hub for the Dubai-based carrier.

Aldar Sees Project Completions Driving Revenue Growth

Aldar launched three new developments worth Dhs5 billion last month and said it was exploring 23 property projects.

UAE Retirement Age On Global Par At 60 – Report

Women working in the country’s public sector can retire earlier at 55, finds new Mercer report.

Slow Q1 Growth In Dubai’s Property Prices, But Rents Continue To Boom

Implementation of the federal mortgage cap seems to be most effective in cooling prices, real estate consultancy Cluttons says.

Abu Dhabi’s Ruwais Refinery To Be Commissioned By End Of Year

The expansion is planned to more than double the capacity of Ruwais refinery from 415,000 barrels a day (bpd).

Dubai Agrees $1.7bn Sale Of German Packaging Firm Mauser

Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, in a deal which valued the firm at 850 million euros.

Dubai Bourse Changes Trading Session Structure Ahead Of MSCI Upgrade

The move is expected to make closing prices more predictable and eliminate large last-minute swings, the bourse said.

Abu Dhabi’s Union National Bank Q1 Net Profit Rises 3.5%

The bank made a profit of Dhs512.1 million ($139.4 million) in the quarter, up from Dhs494.9 million a year earlier.

Dubai Contractor Drake & Scull Posts 27.1% Q1 Net Profit Drop

The firm made a net profit of Dhs45.7 million ($12.4 million) in the first three months of 2014.

UAE’s Aldar Q1 Net Triples On Handovers And Sales

The developer’s profit rose to Dhs453.4 million ($123.4 million) in the first quarter from Dhs154.3 million in the same period of 2013.

UAE’s Just Falafel To Open 57 New Outlets In Europe

The stores, located in Europe’s Benelux region, will be operated by Wadi Degla Holding.

UAE Annual Housing Allowances Range Between $20,000 And $53,000 – Survey

Housing allowance currently stands at around 25 per cent of basic pay across most GCC countries.

UAE’s Julphar Sees 19% Growth In Q1 Sales Revenues

The company’s gross profit rose almost 18 per cent to reach Dhs237.1 million in first quarter of 2014.

Abu Dhabi Targets Chinese Tourists Post Nu Skin Event

The emirate is organising a roadshow across Beijing, Shanghai, Chengdu, Guangzhou and Hong Kong.