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Dubai’s Private Healthcare Sector Will Need $1.5bn Investment By 2020- Study

A booming population, growing prevalence of lifestyle diseases and mandatory health insurance policies are fuelling the growth of private sector firms in the emirate’s healthcare industry.

Dubai’s Nakheel To Lease 5,000 Shops At Deira Islands Night Souk

The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.

Stock News: Gulf Markets Rise Sharply In Response To Global Cues

Although the long-term outlook for oil prices remains uncertain, Brent crude has stabilised around $85 a barrel in recent days.

Apple’s iPhone 5s, iPhone 5 Named UAE’s Most Popular Smartphones In Q2 2014

The iPhone 5s also registered the largest increase in its market share during the second quarter, the UAE’s telecom regulator said in its quarterly report.

Dubai’s Tecom Reveals Details Of Dhs4.5bn Investment, To Launch Innovation Hub

The freezone operator also plans to launch a start-up fund by the second quarter of 2015.

UAE Lender ADCB To Open Singapore Office

ADCB launched a representative office in London five months ago, and has two branches in India.

US Probing Standard Chartered Over Dubai Banking

Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.

Dubai Court Orders Bank Sarasin To Pay $10.45m To Kuwaiti Investors

The financial institution and its ME unit were found to have mis-sold $200 million of investment products, a Dubai court ruled.

Funds Positive On Gulf Equity Markets Despite Oil Price Slide

Survey finds 47 per cent of fund managers intend to raise their overall equity allocation to the Middle East in the next three months.

Emaar Malls Group Q3 Net Profit Rises 55%

The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million.

Etihad Boosts India Network With Additional Flights To Mumbai, Delhi

Triple daily services will begin to Mumbai on February 15, and to New Delhi on May 1, 2015.

Sharjah Rents Up Around 18% In Q3 As Dubai’s Rental Growth Slows

The rents across Sharjah rose two per cent quarter-on-quarter during the third quarter, a new report says.

UAE Climbs Up In World Bank’s Ease Of Doing Business List

The UAE was also one of the top 10 countries globally which improved its rankings in the ease of doing business list as it introduced around 20 economic reforms over the last year.

Abu Dhabi New Financial Zone Hires Regulatory Chief From Singapore

Richard Teng, most recently chief regulatory officer at the Singapore Exchange, will be CEO of the regulator at the Abu Dhabi Global Market.

Almost 28% Of UAE Residents Use Credit Cards, Loans To Pay Off Debts

There has been a 20 per cent year-on-year surge in the number of UAE residents using credit cards or loans to pay off their current debts, a new survey says.

Dubai’s Emirates Receives 100th 777-300ER From Boeing

The airline is the world’s largest operator of the 777 range developed by US-based Boeing.

Dubai’s Godolphin Buys Majority Stake In Dewhurst Winner Belardo

Godolphin did not disclose the size of the share or its price.

Emaar Properties Q3 Profit Rises 21% Despite Revenue Drop

Revenue for the quarter was Dhs1.98 billion, down from Dhs2.35 billion a year ago.

Etihad, Alitalia Offer Concessions In Bid For EU Approval For Stake Deal

The European Commission said on its website that it would decide by Nov. 17 whether to clear the deal.

UAE’s Amanat Holdings Says $374m IPO Fully Covered Within First Week

Amanat intends to use 70 per cent of the funds from the IPO to invest in healthcare and education.

Nakheel Leases Beachfront Space For 17 F&B Outlets On Palm Jumeirah

The spaces are available in Azure Residences and Club Vista Mare, two beachside residential and recreational projects.

UAE’s Etisalat Q3 Net Profit Rises 22%

Almost half of Etisalat’s third-quarter revenue came from its international operations.

Exclusive First look: Sheraton Grand Hotel Dubai

Fifth Sheraton in Dubai has World Trade Centre delegates firmly in its sights

UAE Consumer Confidence Up, Ranks 5th Most Bullish Globally In Q3 – Nielson

Consumers are mainly upbeat about future job prospects, the Nielson survey found.

Dubai Investments Plans Investments In Education, Healthcare

The group is is in advanced talks to set up a university and a school as part of its strategy in expanding into education and healthcare sectors.

Soccer-Real Seal Strategic Partnership With Abu Dhabi’s IPIC

The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms, IPIC said.

Damac Extends Size Of Mega Shopping Strip In AKOYA

The Drive at AKOYA will be extended to 2.5 kilometres from its initial length of 1.3 kilometres due to demand, the luxury property developer said.

Sanofi Expands Generic Drug Range Through Stake In Dubai’s Globalpharma

Globalpharma will produce anti-infective, cardiovascular and gastrointestinal drugs for the Middle Eastern market, following its acquisition by Sanofi.

GGICO, Orion Holdings JV Launch Residential Project In Dubai

Platinum Residences, in Dubai Silicon Oasis, will comprise of two towers, featuring 200 apartments and will be completed by April 2015.

National Bank Of Abu Dhabi Q3 Net Profit Rises 32%

NBAD made a net profit of Dhs1.37 billion ($373 million) in the three months to Sept. 30.