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Middle East Investors Ready To Spend $20,000 On Art – Experts

Necessary market maturity and support infrastructure have increased the appeal of the Middle East’s art market, experts say.

Dubai Mall Displays 155 Million Year-Old Dinosaur

The specimen, a late Jurassic period dinosaur, is 24.4 metres long and 7.6 metres high and is expected to boost the mall’s footfall.

Dubai Should Offer Incentives To Become Viable Film Production Hub

International filmmakers will only be lured to the city if it offers attractive benefits and creates a strong production ecosystem, say experts.

JA Resorts And Hotels Buys Maldives Resort

Dubai operator steps up its Indian Oceans portfolio with purchase of 84-key resort

UAE’S Emirates REIT To Raise At Least $135m In Dubai IPO

The company plans to use the proceeds for possible future acquisitions and investment in existing assets.

Dubai Design District Records High Investor Interest

The district will help Dubai earn around Dhs300 billion in tourism revenues per year by 2020, the developer says.

UAE’s First REIT To Announce IPO On Nasdaq Dubai

Emirates REIT, which was formed in 2010, has eight properties valued at over Dhs1.1 billion.

UAE’s NBAD Picks Banks For Five-Year Aussie Bond-IFR

The lender has picked ANZ, Citigroup, HSBC and itself to arrange the Kangaroo bond.

Spurning Gulf Arab Pressure, Qatar Says Foreign Policy ‘Non-Negotiable’

A source close to Qatar’s government said last week the dispute had more to do with issues in the wider Middle East such as the crises in Egypt and Syria.

Abu Dhabi’s Aldar Properties To Build 2,300 National Housing Units

The projects have a total developmental value of Dhs5.7 billion and are being fully funded by the Abu Dhabi government.

Abu Dhabi Opens 17th Century-Style Hotel

The opulent hotel has four 71sqm Rose Suites on the 15th and 16th floor

UAE’s Retail Sector To Grow 33% By 2015

Dubai’s retail industry is one of the most lucrative sectors for foreign investment, according to a new report.

Strong Demand Spurs Emaar To Launch Second Phase Of MBR City Project

The Dubai developer will launch for sale the second phase of luxury residences at Mulberry at Park Heights.

Dubai Silicon Oasis Authority Launches Dhs1.1bn Smart City Project

The project in Dubai will span an area of 150,000 square metres.

Emirates Starts Daily Boston Flights

The east coast city becomes the eighth destination in the carrier’s US network

UAE’s Arabtec Agrees $40 billion Housing Project With Egypt Army

The project will cover 160 million square meters across 13 sites in Egypt for lower income individuals, a statement said.

Dubai 2013 Trade Growth Slows But Iran Business Stabilises

The non-oil foreign trade of Dubai rose to Dhs1.329 trillion ($362 billion) in 2013, data from Dubai Customs revealed.

Apple’s iPhone 5, Samsung Galaxy S3 Remain UAE’s Popular Smartphones

The number of smartphones registered on the UAE’s networks rose by 10 per cent last year, according to official figures.

IFA Launches Dhs1bn Miami-Style Resort In Dubai’s Palm Jumeirah

The development will add around 300 units to Palm Jumeirah’s property inventory.

Dubai’s Competitive Advantage Will Not Last Forever – Experts

Dubai needs to diversify its sectors to weather future economic risks, according to experts.

Dubai’s Deyaar Plans $245m Residential, Hotel Complex

The project will comprise one residential tower and one tower of serviced apartments.

Dubai’s Rising House Prices Pose Economic Risk- Expert

Rising house prices could affect Dubai’s regional competitiveness, an expert has said.

Dubai’s Eco-friendly Mosque 85% Complete

The mosque will use LED lights, solar panels and energy saving taps to save energy.

CAPM Says Plans First IPO On Main Dubai Exchange In 5 Years

Around 55 percent of the company’s equity, or 275 million shares, will be offered to the public in the IPO at Dhs1 per share on the Dubai Financial Market, CAPM said.

Smoke Detected As Emirates Flight Lands In Dubai

Emirates confirmed a hydraulic brake fluid leak on the flight, which was travelling from Kuwait.

Dubai’s DMCC To Boost Islamic Commodity Trade With Tie-Ups

The DMCC partnered with global brokerage firm BGC Partners this week to promote the platform to a wider international trading community.

Drake & Scull’s German Unit Wins Two Indian Deals Worth Dhs50m

Passavant-Roediger, a German subsidiary of UAE-based Drake & Scull International, will undertake one project in Gujarat and one in Rajasthan.

First Gulf Bank To Set Up $1.07bn Sukuk In Malaysia

Funds from the programme will go toward expanding the bank’s day-to-day business.

Abu Dhabi Airport Reopens After Technical Problem

Etihad Airways said all flights into Abu Dhabi were temporarily diverted to other airports in the region.

UAE’s Telecom Regulator Warns Users Against Selling Telephone Numbers

The warning comes as Etisalat and Khalifa Foundation plan to auction VIP packages that would provide certain privileges to customers.