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Dedicated Filipino Radio Station Launches In UAE

Arabian Radio Network announce the new 24-hour channel in response to growing demand from Filipino nationals.

Dubai Platform Hosts First Islamic Commodity Trade

The Dhs50 million facility was signed by Noor Islamic Bank and Commercial Bank of Dubai.

Dubai’s Trade With Iran Drops 31% In 2012

Two-way trade between Dubai and Iran was roughly Dhs25 billion last year.

Dubai’s Emirates NBD May Price Tier 2 Bond Monday

The dollar-denominated deal aims to boost the bank’s supplementary capital.

Sheikh Mohammed Urges New UAE Cabinet To Work As “One Team”

People of the UAE “deserve the best,” Sheikh Mohammed said at the first meeting of the country’s new cabinet.

Dubai’s Al-Braik Plans $200m Silicon Smelter In Abu Dhabi

The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.

Arabtec Signs Dhs500m Contract In Cairo

The Dubai-based construction company is building a twin-tower project in South Cairo.

UAE’s Dana Sukuk Restructuring Vote Postponed To April 23

This is the second time that the meeting has been rescheduled.

Abu Dhabi Airports Company Appoints Tony Douglas As New CEO

Douglas was formerly CEO of Abu Dhabi Ports Company (ADPC) and replaces James Bennet.

Interview: Brandy Scott and Malcolm Taylor, Dubai Eye Business Breakfast

Radio broadcasters Malcolm Taylor and Brandy Scott discuss their views on traffic, world record attempts and how the financial downturn benefited their show.

Apartment Prices In Dubai Marina, JLT Rise 8-10%

Property rates in prime locations have increased substantially in the last six months, says new report.

Arabtec To Raise $650m Via Rights Issue By End-June

The Dubai-based contractor said that the fundraising was part of a five-year expansion plan.

UAE Set To Award Bab Gas Project To Shell

ADNOC has recommended that Shell win the multi-billion dollar project, sources have said.

Leeds United Owner Says Seeks Investors, Not Buyer

The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.

Emirates Signs 5-Year Sponsorship Deal With Barcelona Open

As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.

YouTube Users In MENA Can Now Monetise Original Content

The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.

Dubai’s DEWA Says No More Sukuk Issues Before 2015

DEWA’s $1 billion Islamic bond issued in February drew very strong demand.

Dubai’s DMCC Launches Islamic Commodity Trade Platform

The platform allows trading of warehouse receipts, which represent ownership of commodities stored at warehouses.

UAE Oil Firm Lamprell Fined Dhs13.3m By London Regulator

The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.

Dubai’s DP World Posts 21% Profit Growth For 2012

The company’s profit was boosted by a $249 million gain from sale of non-core assets.

Dubai-Based GFH Capital In Talks To Sell Leeds United Soccer Club

GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.

Abu Dhabi’s Kizad On Track To Generate 150,000 Jobs

Khalifa Industrial Zone Abu Dhabi has signed deals with 50 local and international companies, says CEO.

New Sri Lankan Airport Takes Flight With UAE Low-cost Carriers

New airport aims to boost business development along eastern and southern coasts and take pressure off Colombo

Abu Dhabi’s Al Hilal Bank To Issue Sukuk In Q3

The lender expects to obtain a credit rating in the coming two or three months.

Drake And Scull Wins Saudi, UAE Contracts Worth $100m

The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.

Dubai’s ICD Launches $2bn Loan Refinancing

The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.

Exclusive: Starwood Eyes Rocco Forte Hotel Abu Dhabi

Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton

Ramadan In UAE To Start On July 10

The crescent moon will be seen on July 9, signaling the start of Ramadan the next day. Eid Al Fitr holiday will commence on August 9.

Trade Between Arab Region, Brazil Hits $26bn In 2012

Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.

Air Seychelles Records $1 Million Profit

Etihad’s 40 per cent stake in the airline a year ago has produced a financial turnaround