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UAE

Stock News: Banks Support Qatar, Most Markets Edge Up

Qatar’s benchmark rose 0.6 per cent, led by Islamic lender Masraf Al Rayan and Qatar National Bank

Etihad Welcomes Review By Swiss Authorities On Darwin Deal

Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.

Dubai’s Hotels Welcome Over 5.8m Tourists In The First Half Of 2014

The emirate recorded a 26 per cent rise in the number of visitors from China.

Nakheel Appoints Consultant For New Mall At Jumeirah Village Triangle

The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.

Stock News: Arabtec Speculation Lifts Dubai

Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.

Dubai’s Damac Sells Out First Release Of AKOYA Oxygen Project On Day One

The new development, spread over 55 million sq ft in Dubailand, will feature residences surrounding a golf course.

Exclusive: MAF Properties CEO George Kostas On Dubai’s Retail High

In an exclusive interview, George Kostas elaborates on the future of the company.

Dubai Ranks Among World’s Top 10 Most Influential Cities – Forbes

The emirate ranked seventh on the list, beating Los Angeles, Beijing and Sydney.

Etihad Plan To Buy Darwin Stake Fails To Meet Swiss Rules

Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.

How To Set Up A Business In Dubai

All the information you need to get up and running with your venture in one of easiest places in the world to do business in.

UAE President Sheikh Khalifa Approves New Anti-Terror Law

The new anti-terrorism law includes harsher punishments for violators.

Nakheel Awards Dhs146m Construction Contract For Jumeirah Islands

Metac General Contracting has won the contract to build 84 townhouses and a new retail centre within the new development.

New Carrefour Opens In Burjuman Following Renovation

The store is the first to open for business in the mall’s renovated North Wing.

Kuwait’s Khorafis Win Dubai Judgement Vs Bank Sarasin

No figure for compensation was set but the family has been claiming over $26.5 million.

UAE Tells Citizens To Avoid Central London Areas Due To Crime

The warning comes after two violent attacks on Emirati tourists in the UK capital this year.

Nakheel Repays All Dhs7.9bn Bank Debt Four Years Early

The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.

Jeff Singer Resigns As CEO Of Dubai Financial Zone Authority

Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.

Sony Launches ‘World’s Most Waterproof Phone’ Xperia M2 Aqua In UAE

The mid-range phone, priced at Dhs1299, comes with most of the same features as the Xperia M2.

Just Falafel CEO Fadi Malas Resigns

Malas is leaving to pursue new opportunities in the SME sector, the company said.

New Traffic Diversion On JBR Street Ahead Of Dubai Tram Launch

The one-km-long diversion, expected to last for a month, will be the final one ahead of the Dubai Tram launch in November.

Dubai Duty Free Reprices $1.75bn Loan For Second Time

The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.

Damac Launches New Mega Project, AKOYA Oxygen, In Dubailand

The new development, spread over 55 million sq ft, will include residential property surrounding a championship golf course.

Dubai Creates New Fund Class To Lure Asset Managers

The qualified investor funds (QIFs) can be offered only to experienced professional investors and require less regulation.

UAE’s NMC Health Lifts Profit 27% On Higher Occupancy

Outpatient numbers grew by nearly 14 per cent and in-patient numbers by 12 per cent during the first half of the year.

Value Of Construction Projects In The UAE To Hit $315bn In 2014

Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.

Apple Plans Flagship Store In The UAE

US-based company has posted advertisements for several positions in the UAE.

Air Arabia Launches Flights To Chittagong, Bangladesh From Ras Al Khaimah

The low-cost carrier will operate three flights per week from its new hub in Ras Al Khaimah to Chittagong from September 2.

Nakheel Awards Dhs59m Infrastructure Contract For Al Furjan

Dubai-based Ghantoot Road Contracting has won the contract to undertake infrastructure work in Al Furjan Phase 2.

Omani Hotel Guests in Dubai Rise 12% in H1 2014

Up to 163,000 visitors from Oman stayed in Dubai’s hotels during the first half of this year.

Nigerian Who Died In UAE May Have Shown Signs Consistent With Ebola

The 35-year-old woman was travelling to India from Nigeria via Abu Dhabi to seek treatment for advanced cancer.