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CEO Predictions 2015: Hani Ashkar, Middle East Senior Partner, PwC

The need for economic diversification and social and hard infrastructure is not going away, writes Ashkar.

Dubai Design District launches 21 smart initiatives

The new initiatives are being introduced in collaboration with the RTA and DEWA

There is still optimism for SMEs in the Middle East – expert

Scott Mordell, CEO of Young Presidents’ Organisation, believes more global collaboration will help businesses weather challenging times

Revealed: 10 best brands in the UAE

Dubai airline Emirates tops the list with rival Etihad coming at the second place, finds new poll

Dubai world’s fourth most visited city in 2015, tourists up 7.5%

The emirate received 14.2 million overnight visitors last year

NBAD profit drops 6% in 2015

Lender suffers 25 per cent YoY profit decline in Q4

New image of massive Dubai central library released

The gigantic library will hold more than one million books and is due to be opened in 2017

Mashreq 2015 net profit flattens in tough market conditions

Bank’s CEO described the performance as ‘remarkable’ given deteriorating sentiment

UAE tops global talent index in the MENA region

However, report finds number of job markets under threat due to technology and automation

Abu Dhabi Ports and subsidiary ADT offer over 120 new jobs for Emiratis

Abu Dhabi Ports aims to achieve 51 per cent emiratisation in 2016

DP World CEO Mohammed Sharaf retires

Chairman Sultan bin Sulayem will carry out the CEO’s duties and functions on an interim basis

Dubai’s ruler launches new five-year health strategy

The initiative is aimed at aiding Dubai’s ambition of becoming a medical tourism hub

Dubai’s Deyaar sees 2015 profit rise 3.4%

Real estate developer’s profit was up 14 per cent in Q4

Dubai’s Emirates hits one million Instagram followers

Airline claims it is the first carrier to reach the milestone

Predictions 2016: DIFC Courts CEO and registrar Mark Beer

Safe harbours are the place to be in 2016, writes Mark Beer

CNN opens new hi-tech studio in Dubai Media City

US broadcasting network to build Middle East presence and encourage local talent through internship programme

Dubai stock market up 5% , Saudi’s Tadawul climbs after oil price rally

Brent crude prices rose to over $32 per barrel on Friday

Dubai stock market up 5% , Saudi’s Tadawul climbs after oil price rally

Professional social networking platform finds the words ‘organization’, ‘motivated’ and ‘dynamic’ to be the most-commonly used

Burj Khalifa postage stamp launched for sixth anniversary of world’s tallest tower

The commemorative stamp has been issued in a Dhs 3 denomination

Dubai-based property website Bayut receives $20m in funding

Latest big investment follows trend of venture capitalists backing UAE e-commerce startups

Dubai rents to fall further in 2016 as property values drop

Report finds that rents fell by 10 per cent last year

Video: Emirates, Boeing launch massive filming project shot by drones

The project features footage shot over 18 global destinations including Dubai, Seattle and Japan

UK launches luxury services for UAE visa applicants

New services include platinum lounge and mobile biometric facility

RAKBANK expat staff to be hit by 250 job cuts

Lender said cuts were due to the slowing market

Work begins on $1bn ICD Brookfield project in Dubai’s DIFC

The 1.5 million square feet mixed-use development is expected to be completed in 2018

Electrical short circuit caused Address hotel fire – Dubai police

The blaze on New Year’s eve gutted the 63-storey luxury hotel

Dubai’s Burj Al Arab to unveil new luxury leisure attraction shipped from Finland

The 10,000 sqm deck will extend 100 metres out into the Arabian Gulf and feature cabanas, sun loungers, a restaurant and a bar

Inequality rising: Richest 62 own as much as half of the world, finds Oxfam

Report finds that the wealthiest 1 per cent owns more than the rest of the world’s population

Aldar acquires Abu Dhabi office building, plans to boost income

Developer plans to generate Dhs 2.2bn in annual net operating income by 2020

Indians invested Dhs 20bn in Dubai’s property market in 2015

The overall value of property investment in Dubai grew 24 per cent to reach Dhs 135bn last year