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Dubai Bank DIB Happy With Capital Base – CEO

The bank sold a $1 billion capital-boosting sukuk issue in January.

Stock News: Dubai Posts Biggest Daily Gain In 10 Weeks On Strong Q1 Results

The Dubai index jumped three per cent, hitting a two-month closing high of 3,942 points.

Deutsche Bank Fined $8.4m By Dubai Regulator

The regulator penalised Deutsche Bank on finding “serious contraventions” in the lender’s Dubai operations.

Over 80% Of Dubai Residents Faced Rental Rise On Contract Renewal

Over 60 per cent of residents plan to move to a new home before their next lease renewal, finds new survey.

Private Equity Firm Abraaj Appoints MENA Investment Head

Huda al-Lawati was previously a managing director at Abraaj, having joined the firm in 2004 as an analyst.

Dubai Islamic Bank Q1 Net Profit Rises 34%, Beats Estimates

The bank made a net profit attributable to shareholders of Dhs816.7 million in the first quarter of 2015.

UAE Employment Rate Up By Record 10% In 2014

The total number of workers in the country reached over 4.4 million, according to data from the Ministry of Labour.

UAE Court: Reem Island Suspect’s Mental Health To Be Examined

The ruling comes as the accused Alaa Bader Abdullah told the court in a previous hearing that she was not mentally stable and had suffered from hallucinations.

Dubai’s Deyaar Q1 Net Profit Rises 6%

The developer made a quarterly profit of Dhs55.2 million in the three months to March 31.

Dubai’s TECOM Investments Says Completes $1.1bn Loan Upsizing

The firm said in January that the cash would be used to fund the company’s general corporate needs, new developments and growth plans.

Abu Dhabi Crown Prince To Meet Obama At White House Next Week

The National Security Council said the meeting is scheduled for next Monday.

Dubai Metro Expansion To Push Up Nearby Property Prices by 10-15%

Properties in close proximity to the new stations may receive stronger interest, even in the short term, Valustrat said.

Sheikh Mohammed Asks UAE Residents To Name Country’s Mars Probe

Dubai’s ruler asked residents to share their suggestions on Twitter via the hashtag Mars_Probe.

Dubai’s Noor Bank May Sell Debut Sukuk After Setting Up $3bn Programme

Noor Bank said its sukuk programme had been arranged by itself as well as Citigroup and Standard Chartered.

Dubai Issues New Law On Lost/Abandoned Property In Emirate

Those finding abandoned plots of land in Dubai are required to report the property to the police within 48 hours.

Cyber Attacks Targeted At UAE Increase – Report

Symantec also reported a slight increase in cyber criminals exploiting online IT vulnerabilities in the country.

Video: ‘Spiderman’ Climbs World’s Tallest Twisted Tower In Dubai

Alain Robert, 52, climbed the 75-storey tower in Dubai Marina in 65 minutes.

Majority Of UAE Residents Use Funds From Bonus To Pay Debts, Bills

Emiratis are the most likely to spend their bonus amounts while Indian expats are most likely to invest their bonus payments in a savings scheme, a new survey says.

Miami-Based Delano Hotel To Open In Dubai

Delano Dubai, 110-key deluxe hotel apartments, will be a part of a mixed-use resort development The8 in Pam Jumeirah.

Dubai’s DGCX To Set Date In Two Weeks For Launch Of Spot Gold

The exchange is still in talks with a local bank about the contract.

UAE Islamic Insurers Considering Mergers

A committee to oversee Islamic insurance is set to be established in the UAE by the end of this year to help standardise the sector.

Pakistani Minister Accuses UAE Of “Hurling Threats” Over Yemen Row

The UAE’s foreign affairs minister had rebuked Pakistan for not participating in the Saudi-led coalition fighting Houthi rebels in Yemen.

Cayan Group Reveals Property Projects Worth Dhs3.1bn In Dubai, Saudi

The company’s latest portfolio of projects includes residential properties in Riyadh and Dubai and a commercial tower in Riyadh.

Abu Dhabi’s Mubadala GE Capital Says No Plans To Change Shareholdings

Mubadala GE Capital was set up in 2009 as a 50:50 venture to invest globally in GE Capital-originated commercial finance assets.

UAE-Australia Trade Grows 18% In 2014

Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.

Private Equity House Abraaj Closes $990m Sub-Saharan Africa Fund

The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.

Dubai Q1 Property Prices Drop Slightly Q-On-Q, Rents Stay Flat – JLL

Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.

Qatar Shipper Milaha Eyes Combining Tanker Business With UAE Firm

Milaha said that if the merger is successful, the move would provide better financial returns and strengthen its combined business market position.

Dubai’s Drake & Scull Wins $91m Hotel Engineering Contract

The hotel is part of a development that also includes two residential buildings, Drake said in a bourse statement.

Dubai Govt Launches Dhs600m SME Fund For Emirati Entrepreneurs

The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.