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Dubai Investments Expects Q1 Net Profit To Rise 26%

The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).

Dubai To Sell 15-Yr Benchmark Sukuk

Initial price thoughts on the Islamic bond have been set between 5 and 5.125 per cent.

Abu Dhabi Airport Passenger Traffic Up 15% In Q1 2014

The airport welcomed around 4.5 million passengers during the first three months this year.

Abu Dhabi Islamic Bank Q1 Net Profit Up 20.4%

The lender made a net profit of Dhs409.5 million ($111.5 million) in the three months to March 31.

JW Marriott Marquis Hotel Dubai Looks Beyond ‘Finite’ GCC

Newly installed general manager wants a broader range of guests and seeks to capitalise on Emirates’ global network

Bloom Begins Abu Dhabi Marina Construction

The waterfront development includes 225 residential apartments and a 200 room five star hotel.

Aldar Launches New Abu Dhabi Developments Worth $1.4bn

The developer has launched three new projects in Abu Dhabi worth $1.4 billion, it said in a bourse statement.

Influential Cleric Attempts To Soothe Gulf Rift

The cleric used unusually placatory language about Qatar’s neighbours, some of whom he has accused of a variety of failings including being insufficiently Islamic.

First Gulf Bank Rebrands For Expansion Drive

UAE lender says the rebrand signals its clear plans to grow.

Deyaar Launches Hotel Tower In Dubai’s Business Bay

The launch continues Deyaar’s move into the hospitality sector.

Dubai Real Estate Investment Up 57% In Q1 2014

Emiratis invested around Dhs7 billion in Dubai property while Indians continued to be the top foreign investors with transactions worth Dhs5.8 billion.

ADCB To Buy $122.5m SME Loan Portfolio From Mubadala GE

The portfolio, which comprises loans to SMEs in the UAE, will strengthen the bank’s position in the sector.

Nakheel Awards Dhs47m Contracts For Deira Islands Project

The developer has appointed AE7 for design, supervision, architectural and engineering services.

Nuclear Power: Boon Or Bane For The GCC?

As the UAE and Saudi race to build nuclear reactors to meet mounting energy needs, the inevitable question arises – is nuclear a viable option?

Majority Of UAE Parents Fund Children’s Education Through Current Income

The study found that the majority of parents in the UAE were financially ill prepared for their children’s education.

Emirates To Cut 41 Flights During Dubai Airport Runway Upgrade

The 80-day renovation programme at the airport will begin on May 1.

Abu Dhabi’s Mega Industrial Zone Kizad Completes Phase One Of Logistics Park

Kizad said that around 83 per cent of the logistics park has been pre-leased to a number of local and international firms.

Abu Dhabi’s Mubadala 2013 Profit Jumps On Financial Investments

Mubadala, which has stakes in GE and private equity firm Carlyle, saw net profit tripling over the last year.

Expert Warns Dubai To Regulate Off-Plan Property Market

Rising volumes of cash transactions and off–plan sales could inflate prices to 2008 levels, an expert has said.

Dubai Restaurant Zuma Bans Cigar Smoking

Cigarettes are still allowed within the restaurant’s bar and lounge areas.

Exclusive: No Negative Feedback From Tourism Dirham: Dubai Tourism Chief

The new charge, varying between Dhs7 and Dhs20, was introduced on March 31 and is applicable per room per night across hotels in Dubai.

Dubai Rental Growth To Continue In 2014

Residential rental growth is expected to continue until there is adequate supply in the market.

Langham Plans Dubai Palm Jumeirah Hotel For 2015

Luxury Hong Kong-based hotel company makes its first foray into the Middle East and chooses Dubai as the first resort in its global collection.

UAE Confirms Three New MERS Cases

All newly detected cases have shown no outward symptoms of the virus, HAAD said.

Five Minutes With… Ammar Abulohom, CEO, Dar Al Aqar

Dubai’s real estate market still has plenty of growth opportunities, says the CEO of property brokerage service provider, Dar Al Aqar.

Fire Reported In Dubai’s Ravi Restaurant

The blaze was reportedly caused by a fault in the restaurant’s recently installed electric signage.

Air Arabia To Begin Services From Ras Al Khaimah On May 6

The Sharjah-based low-cost carrier has been designated the new airline of Ras Al Khaimah following the closure of RAK Airways.

Dubai’s Takaful Emarat Expects To Post Q1 Profit

The company’s past financial statements show it last reported a quarterly profit in the first quarter of 2009.

Etihad’s Revenues Surge 27% In Q1 2014

The airline’s growth in revenue was aided by an increase in passengers resulting from its codeshare and equity partnerships.

Dubai’s IMG Theme Park Gets $327m Islamic Loan

Proceeds will be used to expand the $1 billion Worlds of Adventure theme park.