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Dubai Draws Lebanese Tourists

The number of Lebanese visitors staying at Dubai’s hotels rose two per cent year-on-year during Q1 2012.

Arkan Gets Dhs1.4bn Loan

The construction company will use the amount to refinance existing debt and fund expansion.

Emirates Plans To Lease Aircraft

Dubai’s flagship airline is looking at plans to lease aircraft in a deal with DNA2 and Goldman Sachs.

Jumeirah Eyes Indian Market

The luxury hotel chain group has specific discussions going on in Mumbai and Delhi, its chairman has said.

UAE Not Pressured To Issue Bonds

The country has adequate financial resources to bridge its budget gap, a senior minister has said.

Four Seasons To Open Dubai Resort

The Canadian hotel operator announced that it will open its first resort in Dubai by mid-2014.

ENOC Unit Gets $100m Financing

The amount will be partly used to construct a fuel pipeline from Jebel Ali to the Dubai Airport.

DSI Wins Dhs96m Oman Deals

UAE contractor Drake & Scull International has secured a series of MEP contracts in Oman.

Top MENA Picks For Retailers

The UAE ranks highest in the region for global retail expansion, says a report by A.T. Kearney.

Dubai’s Tamweel Eyes Sukuk Issue

The Islamic mortgage lender picks ADCB, Emirates NBD and UBS for meetings on asset-backed Sukuk.

Emirates Repays $550m Sukuk

The Dubai-based airline announced that it has repaid its Islamic bond on maturity date.

Dubai Deflation Eases In May

Deflation in the emirate reduced to 1.2 per cent last month, mainly driven by a weak housing market.

DIFC Unit Repays $1.25bn Sukuk

DIFC Investments raised money through a syndicated facility to help repay the Islamic bond.

UAE Needs 13,000 Doctors By 2014

The country has begun an urgent recruitment drive to source thousands of new doctors.

Dubai Retailers In Chinese Push

Luxury retailers in the emirate are hiring Cantonese and Mandarin speaking staff to cater to Chinese visitors.

Emirates To Repay $550m Bond

Dubai’s flagship airline will not refinance the sukuk and is expecting to repay the amount in full.

Tenancy Contract Must For UAE Visa

Officials have confirmed that expatriate residents need to provide tenancy contracts and utility bills to renew visas.

Camel Milk Up 20% Per Year

Camelicious’ umbrella company has revealed huge growth in sales since its inception.

JAFZA Prices $650m Sukuk

The seven-year Islamic bond was launched at a profit rate of seven per cent, arranging banks said.

Emirates On Recruitment Drive

Flagship airline group seeks to recruit more nationals and promote Emiratis into management roles.

New UAE Stock Ownership Rules

The market regulator has implemented new rules on stock ownership in a bid for greater transparency.

UAE Banks May Exclude Bonds

The central bank has said it may allow banks to ignore lending limits when dealing with state-linked entities.

Dubai Safest City For Business

The UAE city has ranked as the safest place in the Middle East to do business, and 29th in the world.

Du Offers Fastest UAE Service

The mobile operator plans to launch a 4G broadband service, four times faster than it’s current speed.

Dubai Properties Gets New Board

Dubai Properties Group’s new board will set up its long-term business strategy and oversee implementation.

UAE Posts $11bn Fiscal Surplus

The UAE’s revenues rose 41 per cent to Dhs440.1 billion in 2011, mainly due to high oil prices, said IMF.

IMF: UAE At Risk From Euro

The International Monetary Fund has warned of the repercussions the Euro crisis could have on the Gulf.

Friendi Secures Virgin Deal

The Dubai-based operator has agreed a partnership with Richard Branson’s Virgin Group, extending into South Africa.

Dana Gas Re-Shuffles Board

The UAE energy firm has announced a new chairman as it looks to repay a $920 million sukuk.

India’s SpiceJet Starts Dubai Route

The Indian budget carrier will have direct daily services connecting Delhi and Mumbai to Dubai.