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Agility unit to invest $225m in Abu Dhabi mall project

The mall will be a partnership project, the company said

Oil price fall not slowing growth in UAE, Saudi –report

Both countries have recorded growth in new business orders and have seen a rise in output, a report says

Five reasons why Dubai’s property market will not see 2009-type crash – S&P

The emirate’s real estate market is forecast to see a 10 to 20 per cent correction in prices this year, the report stated

Abu Dhabi’s crown prince is new chairman of investment fund ADIC

Sheikh Mohammed bin Zayed al-Nahyan replaces President Sheikh Khalifa bin Zayed al-Nahyan at the head of the fund

Dubai records highest inflation rate since 2009 in May

Housing and utility costs, which made up 44 per cent of all expenses, rose 7.8 per cent year-on-year

Over 50% of UAE residents take at least one business trip a year – Expedia

A survey by the online travel site found that Western expats in the UAE travel most often for business

UAE, US sign tax agreement

As per the law, all financial institutions in the UAE are now required to disclose information about financial accounts held by US citizens

UAE sees strongest-ever economic year in 2014 – Sheikh Mohammed

The country recorded a 4.6 per cent rise in real GDP last year with nominal GDP reaching Dhs 1.47 trillion

UAE’s booming e-commerce market pushes up smart payments

increasing e-commerce spend and a push by governments to encourage cashless transactions are easing more and more consumers into smart payments

In Gulf, family business empires wary of going public

Many family firms think they can continue to prosper by modernising themselves without big changes to ownership or control.

Major investor in Dragon Oil says ENOC offer undervalues company

Dubai’s ENOC, which owns 54 per cent of Dragon Oil, raised its offer this week to buy out the minority shareholders

France’s Natixis to make Dubai capital markets hub for Mideast, Africa

In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people

Dubai airport sees over 6.5m passengers in April

Passenger traffic at Dubai International rose 5.7 per cent year-on-year in April 2015

UAE spent $26.8bn to deal with violence in 2014

The UAE’s peace levels have deteriorated by 14 per cent over the last eight years.

Emaar Misr sets IPO price at 3.8 Egyptian pounds per share

Emaar Misr is floating 12.99 per cent of the company, amounting to 600 million shares

Dubai satellite insurer elseco’s revenue to quadruple by 2020 – CEO

Elseco’s CEO expects satellite insurance revenue to reach about $120 million in 2020, while a greater focus on aviation and energy would earn about $300 million combined.

UAE launches new state bank to push housing, job creation policies

Abu Dhabi-based Emirates Development Bank has been created by the merger of Emirates Industrial Bank and Emirates Real Estate Bank

Sharaf DG to open first Egypt store in 2016, plots Gulf expansion

The electronics retailer is also looking to enter the Saudi market next year, a senior official said.

Dubai among world’s top 25 most expensive cities

Dubai and Abu Dhabi were also ranked most expensive cities for expats in the Middle East, according to a new survey

Dubai’s ENOC signs $1.5bn syndicated loan from 21 banks

The facility will support its expansion plans and provide the energy firm with long term funding

Emirates introduces new feature to block tickets for 48 hours

The ‘hold my fare’ feature is open to customers in the UAE and other select markets for a refundable fee

Dubai developer Damac opens ladies only sales office

Named Morjana, the office will have 25 female staff and will be open seven days a week

Abu Dhabi records 20% rise in visitors in first four months of 2015

Over 1.3 million guests stayed in the emirate’s hotels and hotel apartments

UAE confirms that Ramadan will begin on June 18

The first day of Eid Al Fitr is likely to fall on Friday, July 17, say astronomers

Private wealth in the UAE to grow by 10.7% in five years

Private wealth in the UAE is estimated to reach $1 trillion by 2019, boosted by buoyant equity markets and a growing economy, a new study shows.

Reem Island accused’s lawyer calls non-muslim witness accounts ‘invalid’

Alaa Bader Al Hashemi is charged with the murder of American schoolteacher Ibolya Ryan and for planting explosives at the doorstep of another resident

Etihad starts daily flights to Hong Kong

The new service will offer a total of 3,620 seats per week between Hong Kong and Abu Dhabi

Flydubai launches daily direct flights to Faisalabad in Pakistan

The budget carrier said that it will be increasing frequency on a number of routes and doubling the size of its network in Pakistan

UAE’s Gulf Finance Corp to raise up to Dhs 600m syndicated loan

Gulf Finance, part of Dubai’s Shuaa Capital, provides finance to small and mid-sized firms in the UAE.

Top tips when hiring new recruits in the UAE

New survey finds one in 10 recruits are regarded as a ‘poor hiring decision’ by HR directors