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Abu Dhabi’s Aldar Q1 Net Profit Rises 36%

The state-linked builder made a profit of Dhs618 million in the three months to March 31.

Half Of UAE Professionals Unhappy With Their Salaries – Survey

Up to 66 per cent of UAE professionals believe they earn less than what other firms in their industry offer, finds new survey by Bayt.

UAE Ranks 45 Globally For School Education; Singapore Tops List

Published by the OECD, the biggest-ever global school rankings list is based on test scores in maths and science in 76 countries.

Emirates Airline Could Use European Hubs To Expand In Americas

The move could further anger US carriers, which accuse Emirates of competing unfairly through state subsidies.

Abu Dhabi’s TAQA Q1 Profit Falls 6.6% On Low Oil Prices

Total revenues tumbled 29 per cent to Dhs5.13 billion because of the plunge of oil prices since last June.

Dubai Builder Arabtec Swings To Net Loss In Q1

The builder reported a loss attributable to equity holders of Dhs279.82 million in the first quarter.

Alibaba’s Cloud Computing Unit To Establish Base In Dubai

Alibaba’s subsidiary Aliyun will set up a venture with Dubai-based Meraas.

Dubai’s DP World Launches $500m, Five Year Bond

The transaction has received orders of seven times its size, an earlier document showed.

Japan’s Cosmo Oil, Spanish Firm Cepsa In Talks For New Abu Dhabi Oilfield Stake

Abu Dhabi’s International Petroleum Investment (IPIC) owns all of Cepsa and is the biggest shareholder in Cosmo.

Emirates Global Aluminium Says Exports To Fall As Local Demand Grows

The company produces about 2.4 million tonnes of aluminium products per year.

Abu Dhabi’s Image Nation To Finance Tom Hanks Thriller, The Circle

The movie has been written and will be directed by James Ponsoldt, and will start shooting in August 2015.

Emirates Adds Third Daily Flight To Beirut

The additional service will increase Emirates’ total number of weekly flights serving Lebanon to 21.

New Dubai Expo 2020 Logo To Be Unveiled On October 20

The new logo design will be selected from 18,000 entries received during a public competition.

Dubai Properties Launches Arabella Townhouses In Mudon Project

Sales of the three and four bedroom townhouses will begin on May 16.

UAE Announces Holiday For Isra’a Wal Miraj On May 16

Private sector employees who have a holiday on Saturday will not be given a compensatory day-off.

Dubai’s DP World Expected To Issue $500m Five-Year Bond

Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe Generale are arrangers for the bond issue.

UAE Passport Moves Up In Global Index Ranking After EU Visa Waiver

UAE nationals can now travel to 104 countries, pushing the country’s ranking on Arton Capital’s Passport Index to 31.

UAE’s Air Arabia Q1 Net Profit Up 9%, Misses Estimates

The airline carried 1.8 million passengers in the first quarter of 2015, up 10 per cent year-on-year.

Etihad Flight From Cairo To Abu Dhabi Diverted To Dubai For Security Reasons

Flight EY650, an Airbus A321, was carrying 128 passengers and seven crew from Cairo to Abu Dhabi.

Dubai Parks And Resorts Says 42% Of Project Infrastructure Completed

The theme park operator also said that it spent almost Dhs3 billion on the project in Q1 2015.

Abu Dhabi’s Aldar Launches Plots For Sale At Nareel Island

The Nareel development, designed for Emiratis, consists of two islands comprising 148 villa plots.

Dubai Metro Red Line Construction To Begin By Q1 2016

The contract for the project will be awarded on January 28, 2016, a senior RTA official said.

Will Gulf Carriers Triumph Over US Airlines In The Subsidy Row?

Dto Gulf airlines really get unfair assistance from their governments, or are US carriers looking to stifle the competition?

Abu Dhabi’s Property Market: Stable And Slowing

The emirate’s real estate is expected to stabilise this year, but the negative impact of lower oil prices could be felt in the longer term.

EFS Facilities Services Plans Dubai Listing For UAE Unit – CEO

Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.

EU Visa Waiver Agreement For Emiratis Takes Effect

Officials from the European Union and the UAE signed the final agreement, validating visa free travel for Emiratis to the EU region.

Dubai World Central Signs Deals For Three New Hotels

The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.

Dubai Among Top 5 ‘Most Improved Cities’ Since 2010 – JLL

The index identifies New York, London, Singapore, Paris and Hong Kong as the top five performing cities globally.

Dubai Falls In Global Luxury Property Price Rankings As Market Cools

Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.

Emirates Airline 2014 Net Profit Jumps 40% On Lower Oil Price

The airline’s Chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said lower oil prices had saved Emirates around Dhs2 billion during the financial year.