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Abu Dhabi Developer Aldar Q4 Profit Rises 79%

Profit rose on the back of gains from the acquisition of Sorouh and handover of residential units.

Abu Dhabi-Owned Manchester City To Break Even This Season – CEO

The club’s CEO Ferran Soriano also confirmed that they did not breach Financial Fair Play rules in the last two campaigns.

Mubadala Says Assessing Options For $1.25bn Bond Maturity

The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.

Richard Branson’s Advice To Governments: “Throw Staff Parties”

The Virgin Group founder was speaking at the Government Summit in Dubai.

REVEALED: The UAE’s Most Powerful Arabs

The two most powerful Arabs in the UAE both work across diversified sectors.

UAE Launches $1m Competition To Invent Unmanned Drones

The winner of the international competition will be announced in May 2014.

Dubai’s Damac Says Work On Trump Golf Course Proceeding “On Track”

The course is being designed by international golf course architect Gil Hanse.

Dubai’s Emirates To Ground Planes During Runway Work In May

The airline will ground 19 or 20 planes, Emirates’ president Tim Clark said.

Dubai’s Crown Prince Sheikh Hamdan Launches New 2021 Initiative

Under the new initiative, the government will “compete with the private sector” in terms of the caliber of service it provides.

Dubai Appoints Consultant For Expo 2020 Transport Requirements

The emirate has also hired a consultant for crowd management, confirms RTA chairman.

Abu Dhabi’s IPIC To Triple Emirati Workforce

IPIC will recruit UAE nationals for roles across a number of its projects.

Dubai House Prices To Reach Pre-Crisis Levels Next Year

The fast growth has raised concern about the potential of a property market bubble.

JP Morgan Cuts Banking Ties With Emirates NBD

The bank has severed relationships in its cash management business in the Middle East.

UAE Signs Agreement To Develop Intellectual Property Safeguards

The UAE has signed an agreement with the Korean Intellectual Property Office to ramp up its intellectual property protection mechanisms.

UAE-Led Group Expects To Sign $2bn India Power Deal

TAQA plans to take a majority stake in the plants while India’s IDFC Alternatives and PSP Investments will hold minority stakes.

UAE To Use Drones For Government Services

Fingerprint and eye-recognition security systems would be used to protect the drones and their cargo.

US Developer Reef Worlds Plans Underwater Project In Dubai

The new project, called Lost Cities, is expected to be unveiled in early March.

One-Third Of UAE Users Experience Mobile Device Theft – Survey

The majority of phone users in the UAE store important personal and official data on their mobile devices, according to a new survey.

Dubai’s Official Property Site To Auction Units Worth Dhs190m

The third auction from eMart will feature five high-end commercial and residential properties.

Dubai’s DFSA Obtains Court Orders Against Deutsche Bank

The bank was found in material non-compliance with requirements to produce information to the financial regulator.

Dubai’s Arabtec Holding To Set Up Five New Subsidiaries

Two of the units will focus on infrastructure projects, one on water and energy projects and one on the Egyptian market.

Dubai’s RTA Reveals 2014 Budget Of Dhs7bn, Plans 50 New Projects

Around 36 per cent of funds in the budget will be allocated to the traffic and roads agency while 33 per will go to rail agency, according to the RTA.

Nakheel Awards Contracts Worth $11m For Al Furjan, Warsan Projects

The contracts cover infrastructure design and supervision work in the two communities.

UAE Banking: Brighter Prospects Ahead

After some difficult years, there are signs of better times ahead for the UAE banking sector.

Congo’s ECAir Launches New Dubai Flight Route

The flight signals the first direct link between Congo and the Middle East.

Papua New Guinea Appoints UBS To Refinance $1.48bn Abu Dhabi Bond

The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.

Emirates Launches First A380 Flights To Barcelona

Emirates will look to funnel Spaniards into Dubai and onto its global network – particularly Asian markets such as Hong Kong and Bangkok.

Dubai Business Licenses Up 12% In Q4 2013

Commercial licenses constituted the major share of total licenses issued in the last quarter of 2013, said Dubai’s Department of Economic Development.

Most UAE Residents Rent Rather Than Buy Property – Survey

Rising property prices have pushed out potential home buyers, finds survey by propertyfinder.ae.

Le Royal Méridien Dubai Undertakes Dhs55m Refurb

New decor, modern technology and two fresh F&B concepts among the changes at established beachfront hotel.