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UAE Central Bank: Business Credit Demand To Rise This Quarter

Around two-thirds of respondents expect demand for business credit to accelerate in the current quarter, with growth in Dubai likely to be strongest.

UAE Energy Minister: Lesson Of Oil Price Drop Is Diversification

Oil prices have dropped almost 60 per cent since June 2014, when they stood at $115 per barrel.

Around 46% Of UAE Residents Say Living Costs Outpace Salaries

The rising cost of living is among the factors impacting UAE residents’ plan to save for their retirement.

Dubai Refiner ENOC Says Seeking $1.5bn Long-Term Loan

The company said that the loan was for general corporate purposes.

Abu Dhabi Developer TDIC Confirms CFO Departure

TDIC’s deputy finance head Matt Matharu is currently serving as acting CFO, a spokesman said.

Air Arabia To Begin Services To China

The budget carrier will fly to Urumqi thrice a week on Tuesdays, Fridays and Sundays, from February 1 this year.

UAE’s Al Hamra Real Estate Says Increases Loan To $340m

The loan will be used for capital expenditure and general business purposes, Al Hamra said in a statement.

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Abu Dhabi’s Al Jaber Says Wins $545m Road-Building Contracts

Abu Dhabi General Services Co awarded the contracts to the company for improvements to two sections of the highway from Mafraq on the outskirts of Abu Dhabi.

UAE’s ADNOC Seeks 288,000 T Gasoline For March-April Delivery

The specified amount is slightly higher than the usual volumes that the company buys, a Singapore-based trader said.

UAE Firm Bids For Egypt’s Renewable Plants

Access Infra Africa plans to invest over $500 million in renewable power assets in Africa over the next three years.

Air Arabia May Lease Aircraft After Jordan Expansion – CEO

The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.

UAE-Based H Holding Enterprise Launches New Property Arm In The Middle East

The newly launched firm is aiming to establish a real estate portfolio worth Dhs500 million by the end of this year, the company’s chairman said.

Ajman’s R Hotels Gets Dhs204m Funding For Palm Project

The company’s Dhs500 million hotel project on Palm Jumeirah is set to open in Q4 2016.

Mashreq Q4 Net Profit Up 28%, Eyes Citigroup’s Egypt Retail Business

The bank’s profit was boosted by strong performance in operating income.

Emirates NBD Q4 Profit Jumps 82%, Reclassifies Dubai World Loans

The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.

Lower Oil Prices Can Help Airlines Post “Unprecedented Profits” – Emirates Head

Tim Clark says airline industry will reap the benefits of lower oil prices in 2015.

Dubai Residential, Hotel Real Estate Markets Peaking -JLL

Dubai’s residential sector is likely to remain subdued over the next 12 months with the market absorb 25,000 extra units in 2015.

UAE’s RAK Ceramics Says To Sell Stake In Laticrete Venture

RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.

UAE To Fund Solar Projects In Four Pacific Island Countries

The Emirates will fund solar-powered projects in the Marshall Islands, Nauru, Palau, and the Solomon Islands through its $50m renewable energy fund.

Dubai Islamic Bank Sukuk May Open Window For Gulf Bond Issues

The plunge in Gulf stock markets, which were overvalued and dominated by panicking retail investors, made bond issuers stay out of the primary market.

ACWA Power, TSK Win Contract To Build Power Plant In Dubai’s Solar Park

The project has a net power capacity of 200 MW and is the largest utility scale solar plant in the world to be tendered in a single phase

Revealed: World’s Most Expensive Construction Markets

Qatar was the most expensive construction market in the Middle East region in 2014, according to a study by EC Harris.

Revealed: Best Passports In The World For Travel

Finland, Germany, Sweden, the UK and the US, who can all access 174 countries visa-free, top the list.

Dubai Utility DEWA Names Preferred Bidder For Upsized Solar Plant

A consortium of Saudi Arabia’s ACWA Power and Spain’s TSK had been selected as the preferred bidder to build the 200MW solar power plant.

Dubai’s Emaar Says Watching Market Conditions For Hotels IPO

Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.

Nakheel Set To Lease Space At New JV Triangle Mall, Al Khail Avenue

The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.

Stock News: Gulf Markets Rise After Oil Rebounds

Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.

Dubai’s Emaar Says Banks Slash Interest Rate On $500m Loan

Emaar said the pricing on the loan had fallen by 1.5 per cent.

Citigroup Loses Appeal Over Abu Dhabi Fund’s Arbitration

Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.

Dubai Parks And Resorts Begins Work On DreamWorks Zone

The company said that work on the steel structure, in which the animation zone is located, has started.