Home next GCC next UAE

UAE

ME Business Jet Market “More Developed Than China Or Russia”

Airbus hopes the display of the Emirates Executive ACJ319 at next week’s show will lead to more sales.

Emirates Adding Second Daily A380 To Munich

Munich authorities will have weighed up the increased traffic benefits against the impact it will likely have on Lufthansa’s Dubai-Munich loads.

First Look: Mövenpick Hotel Jumeirah Lakes Towers

Swiss chain’s sixth Dubai hotel may be small but overseas-and-residential focus means potential is high.

ADCB To Price $500m Floating Rate Note

The transaction will price at 130 basis points over the three-month London interbank offered rate.

Etihad Wins India Competition Watchdog Nod For Jet Air Stake

The Abu Dhabi carrier already has the Indian cabinet’s approval.

Emiratis Find Private Sector More Attractive

An Aon Hewitt study finds that Emiratis in the private sector report higher levels of satisfaction than their public sector counterparts.

IMF Warns Dubai Of Property Market Exuberance

House prices in the emirate have jumped over 20 per cent in the last year, prompting the IMF to warn in July of the risk of another bubble forming.

Dubai To Launch Islamic Corporate Governance Centre Next Year

The standards will not be compulsory for firms but the centre will issue sharia-compliance certificates to companies and banks meeting them.

Emirates’ Half-Year Results – Why Is Profit Flat?

The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.

Dubai’s GEMS Sets Initial Price On Hybrid Sukuk

GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.

Emirates Airline Reports 2% Net Profit Rise

The Emirates Group announced figures of Dhs2.2 billion net profit for the first six months of its fiscal year.

UAE Markets Vulnerable After Dive By Dubai

Abu Dhabi’s stocks dropped by 0.9 per cent on Monday but Dubai fell 2.8 per cent.

Renault Middle East Reports 34% Sales Rise

The French manufacturer saw a 38 per cent sales rise in Abu Dhabi and a 33 per cent increase in Dubai.

EmiratesLNG To Build Fujairah Import Terminal

The terminal will be able to supply the UAE with around 1.2 billion cubic feet (bcf) per day of gas.

Air Arabia Q3 Net Profit Drops 9%

The carrier made a net profit of Dhs206 million in the third quarter, compared with Dhs226 million in the corresponding period in 2012.

UAE Nuclear Staff Will Be 80% Emirati – ENEC Boss

Vast majority of staff at Abu Dhabi’s Barakah facility set to be nationals.

Etihad In Potential Airbus Jet Order

The carrier is also finalising a deal with Boeing, with one or both deals set to be announced at next week’s Dubai Airshow.

Dubai Islamic Bank Posts 33.5% Profit Increase

The bank made Dhs1.2 billion in the nine months to September 30 up from Dhs899 million in the corresponding period last year.

Fairmont The Palm Penthouses Target Second Homers

Repeat holidaymakers and executives can now buy a slice of Penthouse luxury living.

UAE’s Ajman Bank Rehires Amiri As CEO

Amiri, who quit just seven months ago, replaces Mohammad Zaqout who was fired in October.

UAE’s Electricity Demand To Exceed 40,000MW By 2020

Gulf countries are seeing a steep energy demand owing to a growing population and subsidised resources.

ADNOC, Masdar JV Launch First Carbon Capture Project

The project will allow the UAE to preserve its natural gas for domestic electricity generation.

UAE To Send $10m To Typhoon-Hit Philippines

Typhoon Haiyan has left an estimated 10,000 people dead and four million affected after it hit land on Friday.

Exclusive Interview: Jon Williams, MD, Al-Futtaim Motors

Al-Futtaim Motors has been the regional partner of Toyota vehicles for almost 60 years with the Toyota Camry almost exclusively used by Dubai’s taxi fleets.

Veteran Gulf Banker Plans Investment Bank In Dubai

Emad Mansour was recently the chief executive of Doha-based Qatar First Bank.

TAQA In $240m Deal To Sell Dutch Pipeline Stake

The sale of the stake in Noordgastransport B.V. (NGT) to pension fund PensionDanmark A/S is expected to close in 2013.

Wizz Air Offers Dubai Passengers Priority Boarding

The service costs an additional €10 per flight on services to Kiev, Sofia, Budapest and Bucharest.

Etisalat In $400m Loan Tussle With Stan Chart, Citigroup

Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.

Dubai Receives 7.9 Million Visitors In 9 Months

Saudi Arabia continued to be Dubai’s primary source market, recording a 31.6 per cent rise in visitor numbers.

Cobone Rebrands Its Travel Arm As Triperna

Cobone is looking to tap into the Gulf’s booming online travel industry by offering greater features.