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Chairman of Abu Dhabi’s Al Hilal Bank resigns

Ahmed Ateeq al-Mazrouei, chairman of the lender since 2008, has left for personal reasons, sources said

Abu Dhabi’s Emirates Motor Company closes $175m debut loan

Noor Bank was the initial lead arranger for the syndicated structured facility

UAE issues new law against religious discrimination, hate crimes

Violators will face jail-terms of between six months to 10 years and fines ranging from Dhs 50,000 to Dhs 2m

Damac subsidiary launches Versace branded project in London

Located in the Nine Elms regeneration area, the 50-storey project is slated for completion in 2020

Dubai’s DEWA announces financial close of phase II of mega solar park

The 200MW IPP phase II project of the Mohammed bin Rashid Al Maktoum Solar Park is slated to be operational by 2017

Emirates operates one-off A380 to Taiwan

Emirates is the first airline to land the A380 at Taiwan Taoyuan International Airport

R Hotels plans new Dhs 150m hotel in Ajman Corniche

Construction on the 182-key hotel is slated to begin in Q3 2015 with the opening scheduled for Q1 2017

Emirates deploys one-off A380s to Qatar, Bahrain for Eid

The special A380 flights were at full capacity, supporting the traffic over the Eid holiday period from both countries

UAE banks up investments in digital channels to lure customers

From mobile apps to fully digital branches, UAE banks are finding favour with their customers as they embrace digital services

Qatar, UAE among top 10 nations with most efficient governments

Qatar emerged as the country with the most efficient government, while the UAE ranked fifth worldwide according to a new report from WEF

UAE military officer dies in Yemen

The official news agency said that the soldier died while in active duty in Yemen

Deported Australian woman hits back at UAE reports of car owner insults

Jodi Magi has denied that she wrote insulting words about the car owner along with a picture she posted on Facebook

Dragon Oil’s largest shareholder ENOC says no to dividend payment

ENOC, which owns 54 per cent of Dragon Oil, in June offered 750 pence per share to buy out minority shareholders

Etihad signs sponsorship deal with Saudi football club Al Ittihad

The Abu Dhabi-based carrier will serve as the preferred airline for the Jeddah-based club

UAE deports Australian woman jailed for Facebook post

Jodi Magi, a 39-year old graphic design teacher, was jailed after she reportedly posted a picture of a car parked across two disabled parking spots on Facebook

Dubai’s Mashreq Q2 net profit climbs 11%

For the first half of 2015, the bank reported a net profit of Dhs 1.3bn, up 11.6 per cent from a year earlier

UAE ranked eighth most attractive retail market globally

The UAE’s strong infrastructure and business friendly environment make the country an attractive market to retailers, a new study shows

Seychelles nationals get UAE visa waiver from July 16

The waiver will grant Seychellois visa-free arrival to the UAE for up to 90 days

Dubai Healthcare City implements new health insurance law

Under a new resolution, the authority is solely allowed to register healthcare facilities and approve prices within the freezone

Emirates to resume flights to Iraqi city of Erbil

The Dubai carrier said that it will follow a different flight path to Erbil in order to ensure the safety of its passengers and crew

Dubai’s Emirates NBD Q2 net profit rises 26%

The lender made a profit of Dhs1.65bn in the second quarter of 2015, compared to Dhs1.31bn in the same period of 2014

Obama calls UAE, Saudi leaders to discuss Iran deal

Obama noted the United States’ commitment to working with its Gulf partners to counter Iran’s destabilizing activities in the region

Dubai’s Al Maktoum airport expansion to be done by Q1 2022

Al Maktoum International’s capacity is expected to reach 130 million in 2022 from its current capacity of five million passengers

UAE’s Aldar makes Dhs 1.9bn in H1 2015 on new project sales

The sales constituted land plots on Nareel Island and Al Merief developments, as well as unit sales at Meera at Shams Abu Dhabi

Dubai’s high-end residences see rents drop by 6-7% in Q2 2015

Locations such as Palm Jumeirah and Jumeirah Beach Residences posted a significant quarterly drop in rents this year

Most popular travel destinations for UAE travellers this Eid

Egypt, Turkey, India and Thailand are the most-sought after destinations, says travel website Destinia.com

Major fire breaks out on Dubai Creek boats

The blaze, which began on one of the boats, spread to the wharf as a result of flammable items in the cargo waiting to be loaded

British Airways to fly Dreamliner to Abu Dhabi and Muscat

British carrier will hope to lure Emiratis and Omanis onto its new First Class suites

Property market and economy in Dubai ‘healthy’ – Jumeirah CEO

Gerald Lawless says emirate’s property market has matured well since the financial crisis

Dubai’s property market: Where is it headed?

The emirate’s residential property market is seeing a deflationary trend, writes the head of research and consultancy at CBRE Middle East