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Dubai Q1 Real Estate Transactions Total Dhs64bn, Indians Top Foreign Investors

Indian nationals accounted for Dhs3.040 billion of the total.

Dubai Financial Market Q1 Net Profit Falls 69%

The firm made a net profit of Dhs67.7 million ($18.4 million) in the three months to March 31.

Dubai’s DP World Eyes Dollar Bond – Sources

The Dubai-based firm could raise between $750 million and $1 billion from the bond.

Dubai ‘Can Take A Canopy’ Says Hilton Brands Chief

Hilton’s new neighbourhood brand targets districts with strong local flavour

Cheap Oil Slows Saudi, UAE Projects But Qatar, Kuwait Rise -ADCB

The total value of projects awarded in the GCC climbed to above $40 billion in Q1 2015.

Abu Dhabi’s Masdar City Launches Solar-Powered Eco-Villas

The four-bedroom villa concept includes an array of solar panels that will generate approximately 40,000 KWh per year.

First Gulf Bank Quarterly Profit Falls Short Of Estimates

The third-largest lender by assets in the UAE, made a net profit of Dhs1.42 billion for Q1 2015.

Dubai’s Emirates NBD Forecasts 5% Loan Growth For 2015

ENBD’s loan growth climbed by four per cent in the first quarter of the year.

Bloom Launches Dubai Marina Residential Tower

Construction work on the project is set to begin in the first half of this year.

InterContinental Signs Deal For UAE’s First Hotel Indigo

The 285-room property will be located in Dubai’s Business Bay.

SKAI Rebrands Jumeirah Village Circle Property To Viceroy

The newly branded hotel is scheduled for operation in 2018.

Dubai Parks And Resorts Partners With UK’s Merlin Entertainment For Lego Water Park

The water park is an addition to the under construction Legoland Dubai theme park, set to open in October 2016.

Dubai’s Emirates NBD Q1 Profit Rises 60%, Beats Estimates

The lender, 55.6 per cent owned by state fund Investment Corp of Dubai, made a net profit of Dhs1.67 billion in Q1.

Dubai’s Damac Q1 Profit Falls 38%, Reveals Dividend Plans

The developer made a net profit of Dhs792.9 million in the three months to March 31.

Bloom Holdings Launches Park View Project In Abu Dhabi

The project will have a residential building consisting of 234 units and a 188-key hotel.

Abu Dhabi To Invest Over $25bn In Offshore Oilfields -ADNOC Official

The plan is part of the UAE’s strategy of increasing its crude oil output potential to 3.5 million barrels per day by 2017-18.

Dubai’s Noor Bank Sets Price Thoughts For $500m 5-yr Debut Dollar Sukuk

Initial price thoughts were set in the 140 basis points area over midswaps for the sukuk, which have an agency-based structure known as wakala.

Dubai Courier Aramex Q1 Net Profit Rises 10%

The company made a net profit of Dhs86.6 million in the first quarter of 2015.

Taiwan CPC To Set Up Oil, LNG Trade Units In Dubai, Qatar

The company expects to set up offices by the end of this year.

UAE’s ADNOC Says No Timeframe For Decision On Onshore Concession

Nine firms bid for stakes in the Abu Dhabi Company for Onshore Oil Operations (ADCO) concession which became available after a 40-year deal expired.

Obama, Abu Dhabi Crown Prince Discuss Need For Military Equipment

Obama and Sheikh Mohammed bin Zayed al-Nahayan “reaffirmed their mutual commitment to close defense and security cooperation”.

What To Expect From UAE Real Estate

CBRE Middle East’s MD Nicholas Maclean and head of research Matthew Green, give their insights into the Dubai and Abu Dhabi real estate markets.

Aldar Launches Three New Residential Projects In Abu Dhabi

The developer launched West Yas and Mayan communities on Yas Island while its third project Meera will be located on Reem Island.

Abu Dhabi Real Estate Slowdown Expected, Rental Cap Could Be Reintroduced

Low oil prices mean Abu Dhabi’s real estate market is expected to be stable to negative this year, with a new rental cap under consideration.

UAE’s Union National Bank Q1 Net Profit Rises 20%

The bank reported a net profit attributable to equity holders of Dhs610.8 million ($166.29 million) in the first quarter of 2015.

Egypt Arm Of Dubai Developer Emaar Reports Big Profit Increase

The subsidiary of Dubai’s Emaar said profits reached $22.65 million in the first quarter of 2015.

Emaar Launches Maple Townhouses In Dubai Hills Estate

The newly launched Maple community will feature 118 townhouses with three, four and five bedroom units.

UAE Regulator Issues Rules To Protect Minority Shareholders

The changes include a provision saying no company has the right to halt trading in its shares before or during an annual general meeting or during a transaction.

UAE Telecoms Company Etisalat’s Quarterly Profit Up 7.6%

Etisalat made net profit of Dhs2.18 billion ($593.6 million) in the first quarter of 2015.

Dubai’s Mashreq Posts 13% Profit Rise On Higher Lending Income

The lender made a profit of Dhs651 million in the first quarter of 2015.