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Damas Delists From Nasdaq Dubai

Nasdaq Dubai’s future looks bleak as another stock delists ahead of MSCI’s upgrade announcement.

Gulf States’ SWFs To Fund IHH

Abu Dhabi and Kuwait in talks with Malaysian-based health company as potential investors for listing.

Dubai Stops ‘One Cheque’ Rents

A new survey finds that most landlords in Dubai now allow tenants to pay in two or four cheques.

Islamic Finance Innovation “Slow”

The Islamic finance industry needs to create new and diverse products to grow, says Noor CEO Hussain Al Qemzi.

Etihad Buys Virgin Australia Stake

Abu Dhabi-based Etihad buys a four per cent stake in the Australian airline for an undisclosed price.

Emirates Launches Vietnam Route

Dubai-based Emirates Airline has begun a non-stop daily flight service to Ho Chi Minh City.

UAE Confirmed As IRENA HQ

The country has signed a ‘permanent headquarters’ agreement with the renewable energy agency.

UAE Cuts 2012 GDP Growth Forecast

The UAE’s GDP will grow at around three per cent this year, the country’s economy minister has said.

Euro Effect Hits Dubai Bourse

Dubai’s general index drops two per cent to five-month low amid growing fears of the Eurozone and Iran.

DIFC Unit Gets $1.04bn Loan

DIFC Investments has secured a five-year syndicated loan to repay its Sukuk maturing this month.

Etihad Launches Brazil Flight

The Abu Dhabi-based airline announced that it will operate daily flights to Sao Paulo from June next year.

Abu Dhabi Airport Posts 22% Growth

Over 1.2 million travellers passed through the Abu Dhabi International airport during April 2012.

Emirates Goes iPad HD Ready

Dubai’s national carrier launches new entertainment software across its Boeing 777 fleet of aircraft.

Nakheel Posts Q1 Profit

The Dubai-based developer’s first-quarter revenue rose 159 per cent to Dhs1.35 billion in the first quarter of the year.

DIFC Unit To Sign $1bn Loan

The loan will be partly guaranteed by the Dubai government, according to sources.

Abu Dhabi Bank Opens UK Branch

Abu Dhabi Islamic Bank’s UK branch, located in an upscale development, hopes to target wealthy Gulf clients in Britain.

Top 10 IPOs In The GCC

Gulf Business rounds up the top IPOs issued in the region in terms of capital raised, as revealed by Ernst and Young.

Facebook Has 45m MENA Users

The social networking site has opened an office in Dubai to try and boost advertising revenues from the region.

UAE Issues Midday Work Ban

The ministry of labour has said that outdoor workers will get a two and a half hour midday break from June 15.

Emirates May Refinance Bond

The Gulf airline may refinance a $550 million sukuk, though repayment in cash is still an option.

Dubai’s Economy Grew 3.4% In 2011

Improving tourism and strong trade flows helped the emirate’s GDP reach Dhs306.2 billion last year.

Improved Water Service For UAQ

Committee approves Dhs755 million infrastructure projects in the UAE’s East Coast and UAQ.

ADNOC Acquires EMARAT Stations

Abu Dhabi oil company signs agreement for EMARAT’s fuel stations across five emirates in the UAE.

Dubai First Launches Skyy Miles

The credit card global rewards currency model works for all airlines and covers all routes, the firm said.

DIFC Deposits Continue To Grow

Warnings for oil consumption and equities markets amidst growth of deposits and loans from DIFC companies.

Mashreq CEO: ‘UAE Banks Were Wrong’

Exclusive: Abdul Aziz Al Ghurair blamed a greed culture and a desire for growth for lurching the UAE banks into crisis.

UAE Plans Multiple Entry Visa Permit

The country plans to introduce multiple entry visas for cruise tourists by September this year.

Flydubai Gets $172m Financing

The amount, secured from a unit of Standard Chartered Bank, will be used to buy two new aircraft.

JAFZA To Repay $2bn Sukuk Early

A majority of JAFZA’s stakeholders have consented to the early redemption of the Sukuk, due in November.

UAE Gives Up Beef With French

Imported meat ban is lifted as UAE’s Ministry of Environment and Water signs new agreement.