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UAE’s ENEC Gets License To Build Two Nuclear Reactors

ENEC is expected to apply for a separate operating license before it can operate the reactors as the current approval only covers the construction of the units.

Dubai’s Emaar Says First Tranche Of Malls IPO Already Covered

Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).

Dubai’s Omniyat To Unveil Three Mega-Projects Worth Dhs3.5bn At Cityscape

The upscale residential developments will be located in Palm Jumeirah, Dubai Maritime City and Downtown Dubai.

Dubai Firms Eye Sharjah For Bulk Staff Housing

Increased demand for bulk staff housing from Dubai firms has caused rents in Sharjah to rise, a Cluttons report says.

Ex-CEO Of Dubai’s Arabtec Agrees To Sell Stake To Aabar

Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.

Almost 86% Of GCC Firms To Hire Over The Next Three Years

Business confidence has grown in the UAE with more than 45 per cent of the respondents expecting the Expo win to have a positive impact on their growth plans.

Dubai’s RTA Launches Five Mobile Apps Offering 30 New Services

The new applications that were released include the Drivers and Vehicles smartphone app, Smart Parking app, Business Sector Services app, Salik Smart app and the Public Transport app.

New $1.5bn Royal Atlantis Resort Planned For Dubai’s Palm Jumeirah

The new resort, to be completed by 2018, will consist of 800 rooms, suites and 250 hotel apartments.

UAE National Service Recruit Dies Of Heart Attack

Mohammed Khalid Khalifa Al Raisi suffered a sudden heart attack at the Armed Forces Residences on Saturday night.

UAE Salaries To Rise 4.8% In 2015

Salaries across the GCC are predicted to rise by five per cent in 2015, according to Aon Hewitt.

Abu Dhabi To Host 462 Tour Operators, Media In Sept To Boost Tourism

The familiarisation trip includes delegates from nine countries in the Americas, Europe, Middle East and Russia.

Empower

Dubai’s Empower Secures $127.8m Islamic Loan

The loan will be used to fund Empower’s multi-plant district cooling network in Dubai’s Business Bay area, the company said in a statement.

RTA Confirms Completion Of Phase II Of Jumeirah Corniche Project

The newly completed phase of the project will be open to public from the third week of September, RTA said.

Dubai’s Emaar Looks To Raise $1.58 bn From Malls Unit’s IPO

Emaar expects to sell two billion in Emaar Malls Group with a price range of Dhs2.50 to Dhs2.90 per share, it said in a statement.

Dubai’s Marka To List Shares Sept. 25, First Flotation Since 2009

Marka initially planned to list its shares on the DFM around the first week of June, but the market was hit by volatility that month.

Dubai’s Property Sector Plots Conservative Growth

When Dubai’s residential property prices shot up sharply last year, it invoked fears of another bubble, but analysts suggest the market is sturdier this time around.

Dubai Aluminium Approaches Banks For Rare Corporate Loan

Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.

GCC Firms Commit Investments Worth $19bn In West Africa

Abu Dhabi firm Trojan General Contracting committed investments worth $16 billion in various infrastructure projects in West Africa.

Sharjah Has No Short-Term Plans To Return To Debt Markets

About $7.85 billion of orders poured in for the 10-year sukuk ijara from 250 investors on Wednesday.

Mandarin Oriental To Open Dubai Hotel In 2017

Luxury brand to follow Four Seasons on Jumeirah Beach Road

Dubai Investor Sells Al Noor Hospitals Stake, Raises $140m

Ithmar Capital has sold a 7.3 per cent stake in Al Noor Hospitals, in the first such sell-down since the company was listed in July 2013.

Stock News: Dubai Investors Continue Cashing Out Ahead Of Large IPO

Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.

Emaar Malls Group Opens 24-Hour Call Centre Ahead Of IPO Launch

The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.

HSBC Allocates Dhs1bn Funding For UAE SMEs

The second round of funding comes as the previous allocation of Dhs1 billion was fully assigned to various businesses, the bank said.

UAE Consumers, Retailers Ready For Apple Pay, Says MasterCard

Apple’s new mobile wallet system will be introduced in its iPhone 6 models and the Apple Watch.

Sharjah Draws Massive Demand For Debut $750m Sukuk Issue

About $7.85 billion of orders poured in for the sukuk ijara from 250 investors.

Park Investments Launches New Dhs270m Villa Project In Jumeirah Village Circle

The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.

Dubai World Offers Collateral, Early Cash To Revise $25bn Debt Deal

The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.

Jumbo To Launch World’s First Gold Gaming Consoles In Dubai

The Xbox and PS4 consoles feature a rose gold case created by Italian jeweller, Gatti, and will be available for sale at the GAMES14 exhibition.

New 5-Star Hotel Planned Near Dubai Healthcare City

The 277-room hotel, targeting medical tourists will open in 2016, the hospitality firm said.