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GEMS Education Plans $500m Hybrid Sukuk Sale

GEMS plans to begin roadshows in the United Arab Emirates this Thursday with investor meetings scheduled in Asia and Europe next week.

UAE Hotels Record Strong Growth In August

Dubai’s overall average occupancy increased by approximately 7.8 per cent in August compared to the same period last year.

UAE Central Bank Confirms Mortgage Caps

First time expat buyers will have mortgages limited to 75 per cent of a property’s value with UAE nationals limited to 80 per cent.

Dubai International Passenger Traffic Up 13.1% In September

Traffic for the first nine months of the year stands at 49.4 million, up from 42.6 million for the first three quarters in 2012.

United Ups Digital As Gulf Competition Rises

US carrier to focus more on attracting international business and improving digital connectivity.

UAE Banks Are Taking Too Many Risks – IIF

The international body cautioned the UAE to be proactive in framing policies that would insulate the economy from major problems.

Samsung Unveils Dhs2,499 Gold Galaxy S4 In UAE

The Korean company is launching two gold editions of the feature-packed Galaxy S4.

Al Ain Football Club Signs Nike Partnership Deal

The American sports wear giant will become the official kit supplier to the UAE side.

Dubai’s Emirates NBD Eyes Turkey Buy Amid Foreign Expansion

The lender aims for 20 per cent of its revenues to come from overseas markets in five years

Etisalat’s Q3 Net Profit Drops 18%, Misses Forecasts

The firm’s capital spending and operating expenses each rose by about a third.

UAE’s First Gulf Bank Posts 13% Q3 Net Profit Gain

The lender, majority-owned by Abu Dhabi’s ruling family, made a net profit of Dhs1.19 billion for the three months ended Sept. 30

Dubai Holding Arm Plans To Sell Stake In Rivoli Group

Dubai International Capital is in negotiations to sell its 18 per cent stake in Rivoli Group to Saudi-based Al Rajhi Capital, say sources

UAE Declares Nov 2 As Islamic New Year Holiday

Private sector employees will now resume work from Sunday, November 3.

Qatar Airways To Begin Flights To DWC, Sharjah

Starting from 1 March 2014, the carrier will fly twice daily flights into both destinations.

Air Arabia To Expand Into China

CEO Adel Ali predicts a minimum five new routes a year as the low-cost carrier flies into its second decade

UAE Banks Federation Announces Inaugural Conference

The Middle East Banking Forum will be held on 26 November, and attract top tier representatives from regional and international lenders.

UAE To Help Egypt Build Wheat Silos To Hold 1.5m Tonnes

The silos will form part of the UAE’s recently announced $4.9 billion aid package to Egypt

Emaar Launches $3bn Project In Iraqi Kurdistan

The “Erbil Downtown” project is due to be completed in three stages over a period of around five years

UAE Approves Higher Federal Spending For 2014

UAE Prime Minister Sheikh Mohammed said that half of the federal budget of Dhs46 billion will go for development and social benefits

Dubai Hotels Surge Ahead As Doha Hotels Slow Down

As Dubai hotels continue to cash in on strong demand, room rates in Doha are falling due to stiff price competition.

Dubai World Central Faces Emirates Hub ‘Conundrum’

Dubai Airports’ strategic focus now shifts to second phase operations now the new airport is open to passengers

British Prime Minister Voices His Support For Dubai Expo 2020

David Cameron, Prime Minister of the UK, gives his reasons for why the emirate should host the expo.

UAE’s Financial Advisory Businesses Buck Global Trend

Nearly three out of four UAE financial advisers are in a growth phase, a study found.

Western Expats Rank UAE As Ideal Residence

Despite high levels of expenditure on luxury, UAE-based western expats were also found to be spending on investments.

Pictures: Dubai’s New Al Maktoum International Airport

Al Maktoum International Airport at Dubai World Central begins passenger services on October 27.

LIVE: Launch Of Passenger Flights At Dubai’s New Airport

Al Maktoum Airport at Dubai World Central welcomes inaugural passenger flight today.

Dubai’s Ruler Approves New Jumeirah Corniche Project

The project will include the development of the emirate’s longest corniche, stretching across 14 kilometres.

US Judge Narrows Masreq Claims Versus ING Over Investment Losses

Dubai-based Mashreq alleged ING Groep NV lost over $40 million of its money by investing it in “toxic” securities.

UAE’s First Gulf Bank Acquires 100% Stake In Islamic Finance Firm

FGB raised its ownership from 40 per cent to 100 per cent in Aseel Islamic Finance

Dubai World Central Starts Passenger Flights

European low-cost carrier starts four new services this week, projecting Dubai into the realm of two-airport cities