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Nakheel’s New Dragon City Project To Begin Leasing Retail Space

The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.

High Living Costs Impact UAE Residents’ Ability To Leave An Inheritance- Survey

The majority of UAE residents want to leave behind an inheritance but only a fraction are confident of doing so, a new survey says.

Abu Dhabi’s TAQA Says Appoints Acting CFO

Grant Gillon has been appointed the acting chief financial officer of TAQA.

Etihad To Start Second A380 to London From May 1

Two of the airline’s three daily flights to London will now be operated by the jumbo jet.

Sharjah Aims To Attract 10m Tourists By 2021

The emirate’s tourism promotion agency said that it has outlined a clear plan to attract tourists and improve their experience.

Bahrain-Dubai Joint Venture Closes Third Bombardier Deal

The deal for the leasing of three Bombardier Q400 NextGen planes is worth $94 million at list prices.

Abu Dhabi Sovereign Wealth Fund To Buy HK Hotels In $2.4bn Deal

A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.

UAE Ranks In Top Three For Connectivity, ICT Usage – Report

Huawei’s 2015 Global Connectivity Index ranked the Emirates for its strong support for mobile adoption and widespread access to information and communication systems.

UAE Bank NBAD Expects Costs To Jump 10.9% In 2015 – CFO

The lender reported a marginal increase in first-quarter net profit.

Nakheel’s Net Profit Rises 115% In Q1 2015

The company attributed the growth in profits to a strong performance by its development business.

Dubai Investments Posts 6.5% Q1 Net Profit Rise

The conglomerate said its net profit was Dhs282 million in the first quarter of 2015.

Dubai’s Emaar Malls Q1 Net Profit Rises 32%

The unit made a net profit of Dhs433 million in the first quarter of 2015.

UAE Bank NBAD’s First Quarter Net Profit Hampered By Costs

NBAD made a net profit of Dhs1.42 billion in the first quarter of 2015.

Dubai’s ENBD Sets Pricing For $500m 5-yr Bond At Midswaps Plus 150 bps

The size of the issue was capped at $500 million and books exceeded $650 million with more accounts to respond.

Abu Dhabi’s NMC Health Acquires Two UAE Medical Firms

The company has acquired Abu Dhabi-based Americare Group and Sharjah-based Dr. Sunny Healthcare Group.

UAE Finance Execs Hiking Pay To Retain Top Talent – Survey

One third of companies in the country have increased counter offers to avoid losing key employees, finds Robert Half survey.

Air Arabia Jordan To Launch Services On May 18

Sharjah-based Air Arabia, which bought a 49 per cent stake in Petra Airlines in January, has rebranded the airline as Air Arabia Jordan.

Dubai’s Emirates NBD Sets IPTs For $500m, 5-Year Bond Issue

Rated Baa1/A+ by Moody’s and Fitch, ENBD has mandated HSBC, Morgan Stanley, Standard Chartered Bank and itself as bookrunners.

Dubai House Prices Down 2-3% In Q1 2015 – Asteco

Rents in the emirate, on average, remained flat during the first quarter of the year, the report found.

Dubai’s Nshama Launches ‘Safi’, Units From Dhs350,000 In Town Square

The new Safi community will feature studios and one, two and three bedroom apartments.

UAE’s Etisalat To Raise Up To $500m Through 2019 Bond Tap

Last June, the company sold $4.3 billion worth of maiden bonds in four tranches.

UAE Telco Du Q1 Net Profit Drops 0.6%, Misses Estimates

The firm made a net profit of Dhs487.1 million in the three months to March 31.

Dubai’s Ruler Approves Dhs500m Union Museum Project

The museum, located next to the Union House in Dubai, will showcase the events leading to the formation of the UAE.

Abu Dhabi Rolls Out Red Carpet For Market Makers, May Outweigh Dubai

Both the DFM and ADX say they are in talks to attract market makers.

UAE’s Dubal Holding Looks Into Buying Stakes In Energy Projects

The firm is looking for equity interests related to coal, solar, gas, and other alternative sources of energy.

Dubai’s DP World Says No Plans For Share Buyback

Earlier on Monday, shareholders approved a proposal to buy back a “limited number” of the company’s shares, according to a bourse filing.

UAE Billionaire Calls For New Rules On Succession For Gulf Family Businesses

Abdulaziz al-Ghurair, CEO of Dubai-based lender Mashreq, is calling for the introduction of wills and trusts that are compliant with Islamic principles.

Gloria Hotel To Embark On Dhs80 Million Revamp

Major four-star hotel to phase in room upgrades that reflect latest design trends.

Dubai’s DP World Says Shareholders Approve Limited Share Buyback

The approval was granted at the firm’s annual shareholder meeting, according to a bourse filing.

Topaz Closes In On Loan Worth Upwards Of $550m – Source

Emirates NBD, First Gulf Bank, Gulf International Bank, HSBC, Noor Bank and Standard Chartered will provide the loan, three sources told Reuters.