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Xbox One To Launch In UAE On September 5, Priced Dhs1,749

Microsoft’s latest gaming console will also be available with Kinect for Dhs2,199.

Dubai Developer Nakheel Seeks Tenders For Phase One Of Deira Islands Project

Bids for phase one are due by August 14.

Hackers Warn Of Cyber Attacks On Oil Companies In Saudi, UAE, Qatar

The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.

Dubai Mulls New Fees To Curb Off-Plan Property Sales

Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.

UAE’s RAKBANK Sets Initial Price Thoughts For Debut Bond Sale – Leads

The lender expects to price a deal this week, a document from lead managers said.

Dubai’s Arabtec CEO Says No Rift With Major Shareholder Aabar

Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.

DEWA Says All Services Now Available On Smart Devices

DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.

Iraq Ends Recovery In Dubai, Arabtec Shares

Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.

Abu Dhabi’s Al Jaber Group Signs Debt Restructuring

No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.

Dubai Bourse Amends Ownership Data After Arabtec Shares Plunge

The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.

Samena Capital Completes Acquisition of 30.6% Stake In RAK Ceramics

The investment firm will acquire 250 million shares from the ruling family of Ras Al Khaimah.

Aabar’s Stake In Arabtec Stabilises – Dubai Bourse

In a brief statement on Sunday, Dubai Financial Market said the stake had now risen slightly to 18.94 per cent.

Italian Property Developer Preatoni Acquires Dubai Star Tower

The move reflects a rebound in investor confidence in the JLT development, says chairman.

UAE Drafting New Law For Domestic Workers

The country recently revised a standard form contract, which regulates the relationship between domestic workers and their employers.

Is Another Property Bubble Looming Over Dubai?

Dubai house prices posted the fastest year-on-year rise of any of the world’s major markets in January-March, soaring 27.7 per cent.

Alitalia Board Votes To Accept Etihad Offer, Rapidly Do Deal – CEO

Abu Dhabi-based Etihad is prepared to invest up to $1.70 billion over the next four years.

Five Minutes With… Richard Weilers, Chief Operating Officer, Tsogo Sun Hotels

Weilers reveals why the South African hotel operator opened its first Middle Eastern property in Abu Dhabi.

GCC’s Hospitality Industry Seeing Rise In Job Vacancies – Report

Job opportunities in the hospitality sector have increased due to the growing number of hotel projects in the region.

UAE’s Al Hilal Bank Eyes Capital-Boosting Sukuk Issue

Al Hilal will meet investors in the Middle East, Hong Kong, Singapore, London and Switzerland between June 15- 23.

Etisalat’s Dollar Bonds Outperform Euro Paper In Secondary Market

Etisalat sold $4.3 billion worth of bonds in four tranches on Wednesday.

Etihad Flights To Have Live World Cup Streaming On Long Haul Routes

All 64 games will be transmitted live by IMG Media using Etihad’s inflight entertainment system, E-box.

Stock News: Arabtec Slide Slows, DP World Down On Convertible Issue

Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.

Dubai’s DP World To Price $1bn Convertible Bond Issue Thursday

JP Morgan is acting as the global coordinator for the bond sale.

Etisalat Raises $4.3bn In Region’s Largest Corporate Bond Sale

The issue’s success was due partly to factors specific to Etisalat, including its state ownership and healthy financial profile.

UAE’s Arabtec Repeats Position Strong, To Maintain Listing

Arabtec shares have plunged 30 per cent in the last four days as a major shareholder, Aabar, cut its stake in the company.

Abu Dhabi’s Aabar Cuts Stake In Dubai Builder Arabtec

Aabar cut it stake from 21.6 per cent to 18.85 per cent since Sunday.

UAE To Cut Fiscal Spending, Faces Risks In Property Sector – IMF

The IMF warned that with rent controls recently loosened, there is a risk that rising real estate prices will lead to a hike in inflation in the UAE.

Exclusive: Abu Dhabi’s Etihad Plans To Buy 49% Stake In Alitalia – CEO

Etihad is looking to invest up to $1.7 billion in Alitalia over the next four years.

World’s First Real Madrid Café Launches In Dubai

The café, themed around Spanish club Real Madrid, is located in The Beach Mall in JBR.

Dubai’s Emaar Malls Attracts Strong Demand For Debut Sukuk

The 10-year sukuk received orders worth more than $5.4 billion.