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Skai Holdings Sells Out All Suites In New Dubai Hotel Project

The hotel called ‘Suites in Skai’ had 234 hotel rooms, 234 one and two bedroom apartments and 33 penthouses for sale.

UAE Issues Military Cards For First Batch Of Emirati Recruits

The training for the first batch of conscripts will begin on August 30, state news agency WAM said.

Damac Acquires Dubailand Plot For $513m

The plot spread across 55 million square feet of land is almost 30 per cent larger than Damac’s current biggest project Akoya.

Lenovo Reveals September UAE Launch For New VIBE Z2 Pro Smartphone

The new device comes with a 6-inch screen and a 16MP rear camera and offers several photography features.

Etisalat Says Egyptian Unit Considering IPO

Etisalat Misr is planning a $500 million share sale on the Egyptian stock exchange, according to reports.

UAE’s Dana Gas Q2 Net Profit Jumps 70% On Higher Production

The Sharjah-based energy firm said its average production volume was up 17 per cent to 72,200 barrels of oil equivalent per day.

UAE-Based Time Hotels Inks Deal To Manage Red Sea Resort In Egypt

The hospitality firm will manage a beach resort comprising of a hotel and residences in the Sahl Haseesh development in Egypt.

Regulations Make Dubai Property Sector “Stable” For Foreign Investors

Dubai’s real estate sector offers a number of medium to long-term investment options for foreign buyers, an expert says.

Dubai’s Depa Wins New Contracts Worth Dhs300m In Singapore, Netherlands

The contracts were awarded to subsidiaries of the interior contracting company.

Abu Dhabi Hotels Welcome 1.7m Guests In H1 2014

Occupancy rates across the emirate’s hotel and hotel apartments reached an average of 77 per cent during the first six months of the year.

UAE July Business Activity Growth Edges Down, Still High

The HSBC UAE Purchasing Managers’ Index was at 58 points last month, down from 58.2 points in June.

Emirates Starts Chicago Flights

New services to the ‘windy city’ provide Emirates with new destination and transfer opportunities

Dubai Holding Completes $1.7bn Sale Of German Packaging Firm

The sale is one of the largest asset disposals by the state-owned investment unit since the 2009 debt crisis.

Paris-Based PE Firm Ardian Mulls $2bn Stake Buy From Abu Dhabi

Ardian has made a bid on portfolios that Abu Dhabi Investment Authority (ADIA) is looking to sell, Bloomberg reported.

Dubai’s Emaar Posts 41% Rise In Net Profit For H1 2014

The Dubai developer’s net profit was boosted by increased revenues from its malls and hospitality businesses.

RAK Properties Posts Dhs52m H1 Profit

The developer’s revenues amounted to Dhs149 million while total sales value reached Dhs234 million in the first six months of this year.

UAE’s Telecom Regulator Warns Mobile Users About Scam Calls

The TRA said that fraudsters, seeking to illegally obtain personal information, were claiming to be from an authorised national telephone service provider.

Flydubai Launches Flights To Iran

The low-cost carrier will fly to Tehran from August 11 and Mashhad from August 10.

Dubai Investments H1 Net Profit More Than Doubles

In May, Dubai Investments divested a 66 per cent equity stake in Globalpharma, which contributed a profit of Dhs472 million.

Accor To Manage New 3-Star Hotel In Dubai’s Business Bay

Accor has signed an agreement with Indian developer Hiranandani Group to manage an ibis Styles hotel.

Dubai Airport’s New Concourse D On Track To Open In Q1 2015 – Sheikh Ahmed

The new concourse will be connected to an existing terminal by an automated train.

Abu Dhabi’s Aldar Properties Q2 Net Profit Up 168%

Revenue for the second quarter was Dhs2.19 billion, up 74 per cent year-on-year.

UAE Implements New Visa Fees Policy

New multiple entry visas have been introduced for students and medical tourists.

Emirates Suspends Flights To Guinea Over Ebola

The Ebola outbreak, which began in Guinea and has spread to Liberia and Sierra Leone, has killed more than 700.

Revealed: Top Residential Project Launches In Dubai In 2014

Dubai saw a number of new property launches, some of which garnered strong investor interest as sales launched. Gulf Business picks the top 10 property launches in 2014.

Lenders May Exit Dubai World As It Seeks To Revise $25bn Debt Deal

The conglomerate plans to make its first big repayment early, in exchange for more time before a second and much larger obligation needs to be repaid.

Mideast Funds Bullish On Saudi, Bearish On UAE

The opening of the Saudi market to direct foreign investment is expected to attract a lot of active money.

UAE’s Oil Exports To Japan Drop 14.4% In June

The Gulf state, Japan’s second biggest oil provider, exported 23 million barrels during the month.

Dubai’s Luxury Property Price Growth Slows Sharply In Q2

With 25 to 35 per cent of buyers in Dubai depending on mortgages, regulations that limit lending have been instrumental in easing the growth in luxury house prices.

Stock News: UAE Markets Mixed, Investors Bet On Property

The Dubai benchmark added 0.5 per cent in the first hour of trade with builder Arabtec rising 1.5 per cent.