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Austrian Airlines €90 Million Investment To Benefit Dubai Passengers

Business class passengers can sink into flatbed seats and enjoy touchscreen monitors

Emirates NBD Eyes 40% Retail Lending Boom

ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.

UAE Credit Bureau May Struggle For June Start

Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.

Goldman Sachs Middle East Senior Banker Resigns

Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.

Dubai Most Profitable ME Route For Turkish Airlines

Its Dubai-Istanbul route has seen a 16 per cent growth in business class passenger revenue.

Emaar Launches Burj Vista In Downtown Dubai

This is the Dubai-based developer’s fifth property project launch so far this year.

Etihad Launching Belgrade Flights

Etihad aims to tap into growing UAE trade flows and connect Serbian diaspora in Australia and US.

Dubai Developers To Revive Housing Projects

Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.

Dubai Islamic Bank Q1 Net Up 17%

The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.

Dubai Rents Up 10% In Q1 2013, Set To Rise Higher

Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.

Global Hotel Alliance Relocates Head Office To Dubai

Relocation provides 18-brand alliance with tax benefits and signals city’s growing commercial allure

Union Properties Shareholders’ Approve $109m Debt Extension

The Dubai-based property developer’s loan has been extended until August 20, 2017.

Arabtec Shareholders Approve Capital Raise

Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.

UK Property Developers Woo ME Buyers

New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.

Abu Dhabi Fund Mubadala Swings Back Into Profit In 2012

The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.

Dubai Police Unveil Lamborghini Aventador Patrol Car

The $500,000 vehicle will ‘help to facilitate policing on highways’ as it’s capable of a top speed of 350 km/h.

Emirates Starting Stockholm Flights

Emirates targets growing bilateral trade links and outbound Swedish leisure traffic

Serbia Hints Etihad May Invest In JAT Airline Next Week

Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.

Bill Clinton: Dubai In “Strong Position” To Win Expo 2020 Bid

The former US President says the emirate’s model of “shared prosperity” is an inspiration for the Middle East.

Mashreq Sues ING Over Losses Tied To ‘Roach Motel’ Debt

The Dubai-based lender is accusing Netherlands-based ING of losing 40 per cent of a $108 million investment.

Abu Dhabi Firm Al Jaber CFO Resigns Amidst Debt Talks – Sources

The conglomerate is currently in the midst of a $4.5 billion debt restructuring.

Etihad’s Jet Stake Deal Delayed Until August

The Abu Dhabi-based carrier is eyeing up a 24 per cent stake in the Indian airline, valued at around $330 million.

Spring GITEX Shopper Offers Glimpse Of Main Event

The shorter GITEX technology event in March indicated 2013 will be dominated by tablet computers, mobiles and accessories.

Damac Announces Launch Of New Project, Lincoln Park, In Dubai

This is the developer’s fourth project launch so far this year.

Gulf Capital Unit Buys Stake In Turkish Diagnostic Firm

Techno Group Investment Holdings bought a 75 per cent stake in Turkish firm Dogu Tip for an undisclosed sum.

Emaar Boss Will Not Take Write-Downs On Amlak Investment

Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.

Etihad CEO: “We Cannot Catch Emirates”

James Hogan, CEO of Abu Dhabi-based Etihad Airways says it is not about being the biggest, but about being the smartest.

Do You Have The Best UAE Credit Card Deal?

We compare the interest rates, annual fees and perks offered by financial institutions in the UAE.

UAE Central Bank To Introduce Direct Debit System

The new move, to be introduced in mid-June, will allow customers to make automatic loan payments from their bank accounts.

No Reason To Panic In UAE After Earthquake, Say Officials

The 6.2 earthquake that hit Iran on Tuesday was about 500kms away from Abu Dhabi, with tremors affecting the entire GCC.