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UAE hands over 4 major development projects in Egypt

The projects include 100 schools, 78 health clinics, four bridges and 600 public city buses

Emirates inks codeshare deal with Bangkok Airways, expands Southeast Asian network

The deal will add 14 more cities to Emirates’ network, allowing it to connect passengers to new tourist destinations in Thailand, Cambodia and Myanmar

Dubai’s Damac Properties Q2 profit surges

The developer reported a net profit of Dhs 1.42bn ($386.6m) for the three months to June 30

UAE telco du Q2 profit falls 8%, in line with estimates

The firm made a net profit of Dhs 502m in the second quarter of 2015

UAE savings from fuel price reform to swell in coming years -IMF

The IMF estimated that the UAE’s reform would save it about $500m by the end of this year

Anti-Houthi fighters score more gains in south Yemen

Yemeni military sources said the United Arab Emirates had sent in dozens of tanks and heavy artillery pieces to the fighters in recent days

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Misr says Alabbar now non-executive chairman

Emaar Misr had previously said that the board would vote whether to amend Alabbar’s position due to his other commitments in the real estate sector

Dubai property investment reaches Dhs 53bn in H1 2015

Indians accounted for Dhs 7.8bn of transactions during the first half of 2015, DLD figures show

Flydubai to start new passenger services from DWC

The airline will also continue its operations at Dubai International

Sheikh Mohammed approves plans for two residential communities for citizens

Two communities, consisting of 1,400 and 1,000 villas, will be built for nationals in Wadi Safa and Al Aweer 1

UAE July non-oil business growth rebounds from 22-month low

The seasonally adjusted Emirates NBD UAE Purchasing Managers’ Index rose to 55.8 points last month from 54.7 in June

Abu Dhabi’s Aldar Properties Q2 net profit rises 18%

The state-linked builder made a profit of Dhs 601m in the second quarter of 2015

Dubai’s Meydan to build world’s tallest residential tower, longest indoor ski slope

The new project boasts the world’s tallest residential tower, longest indoor ski slope, largest dancing fountain, highest observation deck and highest sky restaurant

Abu Dhabi rents to rise in 2015 as supply tightens

The capital’s housing stock saw the lowest level of growth in the last five years, potentially pressuring rents to rise

Emirates Reit to develop new Dhs 208.3m school in Akoya development

The real estate investment trust fund will build the facility and lease it to Jebel Ali School

Emirates launches A380 service to Madrid

The new service will add 2,900 seats per week between Dubai and Madrid, bringing the total number of weekly seats to and from Spain to over 22,000

UAE Q2 job growth slows as oil prices plummet

Recruitment activity in the United Arab Emirates during Q2 2015 slipped by one per cent from the previous quarter, a new study found

Dubai Metro sees 88m riders in H1 2015

Dubai Metro’s red line saw 55.7 million travellers in H1 2015 while the green line saw 32.4m million riders

Dubai’s Emaar Properties Q2 net profit rises 16%

The developer made a net profit of Dhs 1.18bn in the second quarter of 2015

Online marketplace dubizzle UAE faces security breach

The company says only a “small percentage” of its database was breached and that all financial information is secure

UAE to try 41 on charges of creating “terrorist” group

The suspects had firearms and explosives and had been in touch with militant groups abroad, a senior official said

Private equity investments into MENA reach Dhs 1.5bn in 2014

Private equity investments in the Middle East and North Africa rose 118 per cent last year, a new report shows

Dubai-based wellness centre CRYO plans up to 12 new outlets

The company has expanded internationally into Lebanon and the United States this year

Abu Dhabi Airport crosses 2m passenger mark in July

The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015

UAE is ‘logistical centre of the world’ – Rolls-Royce chairman

Ian Davis credited Emirates and Etihad Airways with helping the country become a global hub

Middle East funds turn negative as oil drops again

Only 13 per cent of investment firms expect to raise their equity allocations to the Middle East in the next three months, a survey shows

Marka sees potential for three more Modell’s stores in the UAE – CEO

Marka recently bought Retailcorp, which owns Modell’s, from state-owned conglomerate Dubai World for $60m

Abu Dhabi, Dubai exchanges explore possibility of stock futures

The exchanges have established a joint committee which will examine the issue over the next few months

Abu Dhabi airport passenger traffic up 17.2% in H1

Passenger numbers rose to 11.11 million from 9.48 million a year earlier

Video: First look at Microsoft’s new Windows 10

The new operating software, launched on Wednesday, has received rave reviews