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Emirates Took A Risk Ordering A380s – Tim Clark

The Dubai carrier currently has 97 of Airbus’ superjumbos on its order book.

EFG International To Buy Falcon’s Hong Kong Activities

Falcon said it was leaving Hong Kong in favour of concentrating on the Middle East, Africa and Eastern Europe.

Jumeirah To Sign Saudi Hotel Deal In 2014

Discussions are ongoing in the Kingdom, says Jumeirah’s president and group CEO, Gerald Lawless.

Emirates President Tim Clark Knighted In UK Honours List

Clark was recognised for his “services to British prosperity and to the aviation industry”.

UAE Bourse Regulator To Crack Down On Unlicensed Lending

Firms must abide by the new regulations or face fines of Dhs100,000.

Dubai Duty Free Sales Touch Dhs6.65bn In 2013

Perfumes, liquor and gold were the best selling products in 2013.

Dubai’s Ruler Ranks 7 Among World Leaders Using Twitter

Sheikh Mohammed Bin Rashid Al Maktoum has over 2.4 million followers on Twitter.

UAE Urges Emiratis In Lebanon To Leave The Country

The country’s foreign affairs ministry also urged UAE citizens against all travel to Lebanon because of security concerns.

Abu Dhabi’s ATIC To Invest Up To $10bn In U.S. Chip Plant

ATIC is controlled by Abu Dhabi state investment fund Mubadala and owns GlobalFoundries.

Nakheel Plans $1.1bn Of Early Debt Repayments In 2014

Nakheel was taken over by the government as part of a $16 billion rescue plan completed in 2011.

The Battle For Business Class

In a bid to boost their business passenger base, carriers are investing heavily in luxury amenities, while others have even mulled dropping first class all together.

RAK Airways Suspends Operations

The airline said that it has suspended operations due to increased operating costs and regional instability.

UAE Slashes Prices of 205 Drugs

The Ministry of Health has reduced the prices of 14 drugs used for the treatment of diabetes in a move to make medicines affordable.

Month-Long Dubai Shopping Festival Begins

Themed ‘Shop At Your Best’ the festival this year features 150 events and activities.

Ex-Head Of Bankrupt US Law Firm Appointed As Top UAE Legal Adviser

Law firm Dewey & LeBoeuf was one of the US’ largest and most profitable law firms.

Nakheel To Award Contract For Jumeirah Islands In Jan 2014

Construction of the project is expected to be completed within two years after awarding the contract.

Damac Offers Property Buyers Free Lamborghini Aventador This DSF

The Dubai-based developer has promised customers free luxury cars as part of its Dubai Shopping Festival promotion.

Six New Cases Of MERS Virus Hit Saudi Arabia, UAE

The total confirmed cases of the respiratory disease has reached 176, of which 74 have died, the WHO said.

Dubai Media City To Monitor Visitors On New Year’s Eve

Visitors will be asked to present valid ID proof when entering the freezone.

Abu Dhabi To Build Green Road To Dubai

The five-kilometre pilot project will link the existing Abu Dhabi- Dubai main road (E11) and the new Abu Dhabi-Dubai main road (E311).

Shuaa Capital CEO Macdonald To Leave Company

The company has not yet named a replacement for the CEO, but has announced other management changes.

Nakheel To Award Contract For The Pointe At Palm In Q1 2014

Dubai developer is currently evaluating construction bids for the retail and entertainment complex.

Dubai Refreshments To Open Merger Talks With Abu Dhabi Refreshments

Both firms are franchisee holders for the distribution of Pepsi Co products.

Reel Cinemas Receives 9m Visitors In 4 Years

The megaplex at The Dubai Mall marked 25 per cent growth in audience turnout this year compared to 2012.

Burj Khalifa Apartment Prices Soar 25% In 2013

Apartment prices at Burj Khalifa currently stand at Dhs3, 750 per square feet – a 50 per cent increase from February 2009.

Dubai Airport Passenger Traffic Up 9.5% In November

Year-to-date passengers totalled 60.4 million people, an increase of 15.3 per cent.

Al Noor Hospitals Buys Gulf International Cancer Centre For $21.8m

The Abu Dhabi based healthcare provider said it it hoping to increase its core competency.

UAE Consumers Demand Effective Brand Loyalty Programmes

Brands in the Middle East are failing to deliver loyalty programmes relevant to consumers’ needs, according to a survey.

Dubai’s Arabtec Says No Plans To Increase Stake In Depa

The contractor denied media speculation about increasing its stake in Depa.

UAE’s First Fully Built Satellite, Khalifa Sat, To Enter Orbit In 2017

Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum launched the project.