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UAE Energy Minister Hopes Western Partners Keep Oilfields Role

ExxonMobil, Royal Dutch Shell, Total and BP have each held 9.5 per cent equity stakes in the ADCO concession since the 1970s.

One Foreign Health Worker Dies, Five Infected With MERS In UAE

The six were all first aid service personnel from the Philippines working with the UAE Interior Ministry in Al-Ain.

Nakheel Signs Deal With Accor For Dragon Mart Hotel

The 250-room hotel at Dragon Mart will be managed by Accor under the ibis Styles brand.

Mubadala Hires Six Banks For Eurobond Issue

Mubadala was last in the market in April 2011 through a $1.5 billion five-and 10-year trade.

Oasis Centre May Include Cinemas In The Future – Director

The Landmark group hopes to have at least 10 Oasis Centre malls operational across the GCC by the end of 2015.

Damac Launches New Tower – Vantage, In Jumeirah Village

The project will include 388 serviced living units, with prices starting at Dhs625,100.

Dubai’s Residential Rent Pricing Unsustainable – Expert

Apartment and villa rents in the emirate grew by five and three per cent respectively in Q1 2014, a new report says.

Dubai’s Marka Eyes Fashion, Retail Growth Across Gulf

Dubai-based Marka said it will introduce global franchises and brands to the Gulf, allowing it to build a customer base quickly.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Alabbar-Chaired Firm Launches $1.2bn Project In Langkawi, Malaysia

Perdana Quay, launched by Tradewinds Corporation, is an integrated leisure, retail, residential and commercial development.

Nakheel’s Q1 Profit Up 28% To Dhs629m

The Dubai developer said it handed over 400 units during the first quarter of the year.

UAE Plans Law To Regulate NGOs

The law is expected to be ready by 2015, according to a UAE federal minister.

Emirates To Cut Three Kiev Flights

The reduction follows ongoing political unrest in Ukraine.

UAE’s Julphar Inks Five-Year Deal With Global Pharma Firm Merck

Under the deal, Julphar will manufacture MSD products related to diabetes, asthma, allergy, pain and inflammation.

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.