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Sony Launches Xperia Z Smartphone

A sharp camera and enhanced connectivity are among the model’s attributes

India’s Jet Shares Fall After Etihad Revises Deal

Having doubled in value the past 10 months, shares have slumped in the last three weeks as both companies struggle to seal an agreement.

France Woos UAE Over Rafale Fighter Jet Deal

France is hopeful of selling 60 Rafales to the UAE despite criticism of the plane’s manufacturer in 2010.

TAQA Says Found Oil In North Sea Field Off Scotland

Abu Dhabi’s TAQA said that two columns of oil have been found since drilling began in November.

Abu Dhabi Royal Plans $45bn Property Project In Pakistan

The development in Karachi may reportedly include the world’s tallest building.

Emirates A380 Scare Was Just ‘Door Noise’

Airline says no upper deck doors opened mid-flight, nor was there any loss in cabin pressure

Dubai’s Nakheel In Talks To Extend $2.2bn Loan

Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.

Abu Dhabi’s Etihad Needs To Revise Jet Airways Deal

Etihad is reportedly in talks to buy a 24 per cent stake in Jet for up to $330 million, say sources.

Almost 60% Of UAE Firms To Hire In Q1 2013

Up to 57 per cent of companies in the UAE are definitely or probably hiring new personnel in the coming three months, finds new survey.

Abu Dhabi’s Aabar Seeks $2bn Loan Refinancing

The company borrowed heavily to build up holdings in a number of major companies, including carmaker Daimler.

Etisalat In Talks Over $8bn Loan For Maroc Telecom Bid

The UAE telecoms firm is planning to finance a bid for Vivendi’s 53 per cent stake in Maroc Telecom.

UAE’s Air Arabia Q4 Profit Up 6%

The earnings fell short of analysts’ estimates as revenues for the quarter rose 18 per cent.

UAE Mulls New Labour Law For Private Sector

The change will be used to encourage more Emiratis to work in the private sector.

Male Grooming Goes Back To 1847

Negin Fattahi-Dasmal, founder and CEO of The Grooming Company, explains the success behind the region’s first male-only grooming parlour.

Geopolitical Sanctions Weigh On Dubai Consumer Banking

The emirate is sensitive to the issue given its geographical positioning to countries targeted by sanctions.

Dubai’s New Island Project Will Boost Property Market

The emirate has announced plans to build a Dhs6 billion island project that will include the world’ largest ferris wheel.

Abu Dhabi Commercial Bank To Begin Bond Meetings

The UAE lender said earlier this week it had mandated lead arrangers for the $500 million issue.

Abu Dhabi Rents Fall 14% In Q4 2012

Lack of properly developed infrastructure and operational facilities remain off-putting for certain segments of the market, says new report.

Dubai Approves $1.6bn Island Plan

Bluewaters Island development will include the world’s largest ferris wheel.

UAE Rejects Easing Of Foreign Ownership Rules

The council rejected a clause that would allow foreign parties to own stakes of up to 100 per cent in companies.

Drake & Scull 2012 Net Profit Drops 41.8%

The construction firm attributed the drop to growth in its civil business and the establishment of new offices in Iraq and India.

UAE’s Gulf Capital Buys Stake In Oilfield Services

Gulf Capital, which has around $1 billion in assets under management, did not provide financial terms.

Flydubai Announces First Net Profit Since Launch

HH Sheikh Ahmed reveals Dubai’s new Al Maktoum International airport is to be inaugurated in October this year.

Mashreq Sees 10-15% Profit Rise In 2013

Chief executive Abdulaziz Al Ghurairis optimistic about the bank’s performance this year.

Damac Launches Partnership With Fendi

The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.

Abu Dhabi Projects On Track For Vision 2030

Work is progressing on the emirate’s key projects such as industrial city, Saadiyat island and Al Maryah island.

Sheikh Mohammed Says Employment For Emiratis Is Top Priority

Dubai’s ruler Sheikh Mohammed addressed a range of topics during the inauguration of the government summit in Dubai.

Emirates Boss Warns Of More Boeing Woe

Tim Clark says it “could get worse before it gets better” when asked about the Dreamliner issues.

Dubai’s ICD Begins Talks On Refinancing

Dubai’s flagship investment vehicle is scheduled to repay a $2 billion loan.

Dubai’s Ruler Says UAE Will Achieve Ambitious Goals

HH Sheikh Mohammed spoke about the Arab Spring, leadership and life.