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Abu Dhabi Residential Rents Up 20% In Q1 2014

The UAE capital recently removed its five per cent rent cap, which is already impacting rates, says CBRE report.

UAE Named World’s Largest Foreign Aid Donor In 2013

The UAE’s official development assistance amounted to $5.2 billion in 2013, up 375 per cent from 2012.

IMF Revises UAE Growth Forecast To 4.4% For 2014

Rising real estate prices and the Expo win are expected to boost UAE’s economic growth, says IMF.

Can Dubai Become The Capital Of The Islamic Economy?

Marketing expert Prof Laurent Marliere considers challenges to make Dubai the hub of the emerging Islamic economy.

Dubai’s Limitless Asks Creditors For More Time To Repay $1.2bn Debt

Limitless, a former property arm of Dubai World, restructured the Islamic debt facility in October 2012.

UAE Central Bank To Launch Overnight Lending Facility On Apr 15

The Interim Marginal Lending Facility will allow lenders to use certain assets as collateral to swap for one-day loans.

UAE Transport And Public Sector Most Targeted by Spam, Malware In 2013

Two thirds of UAE companies were targeted with spam in 2013.

Abu Dhabi Among Global Top 20 Cities For Mall Development

The UAE capital has 778,000 sq m of new retail space in its development pipeline, says CBRE.

Royal China: Business Lunch Review

A relaxing Chinese dining experience amid the hustle and bustle of DIFC.

Arab Youth: UAE Is The Best Country To Live In

The Gulf state was also voted a model nation worldwide by the majority of Arab youth in annual survey.

Dubai’s DGCX To Launch Agricultural Contracts In Q1 2015

Large volumes of some agricultural goods such as wheat, rice and pulses are re-exported through Dubai.

Dubai Tells Global Bankers To Expect Another Boom

The emirate organised its first big investor roadshow since the crisis in London.

Five Minutes With… Alvaro Silva-Santisteban F, Director, Peru Trade Office – UAE

Peru hopes to double trade with the UAE this year, according to the head of the Trade, Tourism and Investment Office of Peru in the UAE.

Etihad Nears Extension Of Air Berlin Partnership; Still Looking At Alitalia

The Gulf carrier is expected to give a proposal to the Italian airline soon to start formal talks on the potential investment.

Emirates NBD May Write Back Dubai World Exposure

The Dubai lender provisioned five per cent of its total Dhs9 billion ($2.5 billion) exposure to Dubai World.

Cunard’s Queen Elizabeth Cruise Ship To Make Debut Call In UAE

Cruise liner Queen Elizabeth will arrive on April 17 at Zayed Port as part of a 2014 World Cruise programme and will spend a day in Abu Dhabi.

UAE Company Marka To Launch IPO In Dubai, Plans DFM Listing

The 12-day offer of 275 million shares at Dhs1 each, represents 55 per cent of the company’s capital.

Dubai House Rents Up 23% In Q1 2014

Sports City recorded the largest rise in rents as rates grew by 41 per cent, a report says.

Dubai’s Sheikh Ahmed Says Agreement In Principle On UAE Bourse Merger

Advisors had been appointed last year to help facilitate a merger of the exchanges, but the idea has been discussed sporadically for years without a deal.

UAE NRIs Will Increase Investments In India Post Elections – Survey

The majority of respondents expect investor friendly policies as India elects new government.

Etihad CEO Says Near Finalising Next Stage Of Air Berlin Partnership

German media reports last month said the UAE-based airline could increase its stake in Air Berlin to 49.9 per cent from the current 30 per cent.

Dubai Gold Exchange To Introduce Spot Gold Contract In June

The contract is expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold, a spokesman said.

Dubai Gold Centre To Tighten Sourcing Supervision

The move comes after the British media alleged that the DMCC failed to follow international guidelines designed to govern sourcing of gold.

Milan To Dubai: Building The Expo Connection

As Expo 2015 host Milan prepares for the event, officials say they are pleased to hand the baton to Dubai in 2020.

Dubai’s Emirates REIT Expands IPO Due To Strong Demand

Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.

Sheikh Zayed Road Traffic Diversion For Dubai Canal To Begin In October- RTA

Dubai’s Roads and Transport Authority (RTA) confirmed that the diversion of utility lines is almost complete.

Aldar Considers Eventual IPO Of Property Management Unit

The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.

Fourth Iranian Held In UAE Over Businessman’s Kidnap

Ali Rehmat Assadi will stand trial in the UAE on charges of abducting Abbas Yazdi, who went missing in June, a source said.

Nakheel Awards Community Services Contracts Worth Dhs87m

The agreements cover 13 communities including Palm Jumeirah, The Gardens, Discovery Gardens, Al Furjan, and International City.

Abu Dhabi’s Waha Capital Sells Stake In AerLift Leasing

AerLift Leasing was established in 2010, with Waha Capital owning a 60.7 per cent stake.