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UAE Lender NBAD Launches $750m Five-Year Bond

Investor orders grew to over $1 billion, the leads said.

Sobha Confirms Hartland Project Will Begin Handover By 2017

The private developer is looking to open offices in London, Singapore, Riyadh, Doha and Kuwait City by July 2015.

Dubai’s Mashreq Expects Slower Retail Lending Growth In 2015

The bank’s retail lending growth is expected to slow to 25 per cent in 2015 from 36 per cent last year.

RAKBANK CEO: UAE Credit Bureau Not Having An Impact On Lending

The bank has not seen a major drop in lending approval rates since the establishment of the Credit Bureau, says Peter England.

Jumeirah Signs First Venu Hotel For Meraas’ Bluewaters Island Project

The hotel will have close to 300 rooms and is slated for completion in 2017.

UAE Space Agency Looks To Coordinate With Europe On Future Projects

The meetings with European stakeholders mainly focused on ways to exchange knowledge and experience in space technology and science, a statement said.

Abu Dhabi’s Gulf Capital Seals $232m Loan To Fund Investments

The six-year revolving credit facility was lead arranged by First Gulf Bank and Abu Dhabi Commercial Bank.

Dubai’s Shuaa Capital Says Didn’t Renew Moody’s Contract As Has No Debt

Moody’s on Tuesday withdrew Shuaa’s ratings, citing Moody’s “own business reasons” without elaborating.

UAE’s NBAD To Price Benchmark Five-Year dollar Bond On Weds

The bond, rated AA- by Standard and Poor’s and Fitch, will be listed on the London Stock Exchange.

Stock News: Dubai’s Rally Slows As Oil Slips

Brent crude fell 0.7 per cent in Asian trade after surging almost six per cent on Tuesday.

Sheikh Mohammed Approves Renovation Of Dubai’s Historical District

Work on the project is slated to be completed by 2018, officials said.

Etihad Acquires 75% Stake In Alitalia’s Frequent Flyer Scheme

MilleMiglia is Italy’s largest frequent flyer programme, with 4.6 million existing members and more than 20,000 new members a month.

UAE’s Majid Al Futtaim Confirms CEO Iyad Malas’ Resignation

Alain Bejjani, currently chief corporate development and brand officer, has been appointed as the group’s new chief executive.

UAE Mulls Lower Petrol Prices

Suhail Mohammed Al Mazroui told the Federal National Council that the government has submitted a proposal to the cabinet that will enable consumers to benefit from lower oil prices.

UAE’s Massar Solutions Says Postpones Flotation, Cites Poor Demand

Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said.

Chinese Firm OPPO Launches ‘World’s Thinnest Smartphone’ In UAE

The OPPO R5, priced at Dhs1,899, measures 4.85mm and comes with a 13MP camera.

Abu Dhabi Residential Rents Up 17% In Q4 2014

The capital has seen a rise in demand for affordable properties over the last 12 months as cost of living surged, CBRE said in a report.

Kalyan Jewellers To Invest Dhs400m In GCC This Year, Open 12 New Stores

The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.

UAE Bank NBAD To Start Market-Making On Abu Dhabi Exchange

NBAD is the first official market maker in the Gulf region, the chief executive of Abu Dhabi Stock Exchange said.

UAE Non-Oil Business Growth Accelerates In January

The seasonally adjusted HSBC UAE Purchasing Managers’ Index was 59.3 points last month against 58.4 in December.

DP World 2014 Gross Container Volumes Up 8% Like-For-Like

Gross volumes totalled 60 million 20-foot equivalent units (TEU) in 2014, driven by new developments in Britain and Brazil.

Dubai’s Arabtec Says Wins Contracts Worth $102m

Both contracts are for construction of residential villas in Dubai to be delivered in 2016, the company said.

CEO Predictions 2015: Hamad Buamim, President & CEO, Dubai Chamber Of Commerce

An important area for 2015 will be new technology and the development of Dubai’s smart economy, writes Buamim.

Dubai Financial Market Q4 Net Profit Rises 31%

DFM’s full-year profit rose 167 per cent to Dhs759.3 million.

New Rules To Align UAE Insurers With European Solvency Requirements

The rules clarify policyholders’ rights and setting investment limits for the sector.

UAE’s FNC Calls For Lower Petrol Prices

A member of Federal National Council is expected to take up the issue of high fuel costs in the UAE in the backdrop of crude prices.

Dubai’s DAMAC Sees Property Price Pause In 2015, Gains After

Prices are expected to fall thanks to increased property sales taxes, stricter mortgage rules and a lack of affordability.

RAKBANK, Kalyan Jewellers Launch ‘Goldback’ Credit Card In UAE

The credit card offers users between three to seven per cent goldback on purchases made locally and internationally.

UAE’s NBAD To Meet Investors From Tuesday For Potential Dollar Bond

National Bank of Abu Dhabi will meet investors in Asia and Europe, it said.

Sun & Sand Sports To Create 500 Jobs Across GCC In 2015

Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.