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Dubai Financial Market Q2 Net Profit More Than Triples

The firm, which runs securities trading in Dubai, made a net profit of Dhs252.5 million.

Etihad Launches Daily Flights To Perth, Rome

New routes will better connect Etihad with Europe and Western Australia, the airline said in a statement.

UAE Regulators Signal More Active Stance On Arabtec

On Thursday, the Dubai bourse said it was suspending trade in Arabtec pending clarification on media reports about strategic partners’ stake in the firm.

Dubai International Airport “On Track” To Reopen Runway On July 21

Airlines temporarily operating into Al Maktoum Airport at DWC will return to Dubai’s main airport once it’s back to full capacity.

Dubai’s Consumer Prices Rise Sharply In First Half Of 2014

Housing, water, electricity, gas and fuels recorded price increases of 4.6 per cent during the first six months of the year.

Stock News: Dubai Pulls Back As Arabtec Suspended

Dubai’s index slipped 0.7 per cent as property stocks retreated.

Emirates Airline Could Buy 60-80 More A380s If Engines Upgraded

Emirates, the largest customer for the Airbus A380, had ordered 140 of the aircraft as of November.

Dubai Bourse Suspends Arabtec Shares

Trading in Arabtec’s shares were suspended following media reports of Aabar increasing its stake in the company.

Aabar In Talks to Buy Stake From Former Arabtec CEO

The Abu Dhabi state fund is looking to raise its stake in Arabtec to almost 30 per cent to become the major stakeholder, a source said.

Etihad Chief Aims To Seal Alitalia Deal As Union Warns On Jobs

Etihad’s chief executive said that the company wants to “guarantee the success and long-term viability of Alitalia” through the deal.

Nakheel Inks Dhs46m Contracts For Palm West Beach, Deira Islands Mall

The developer signed a Dhs6 million contract for a beachside entertainment complex in Palm Jumeirah and confirmed that it has signed the contract for Deira Islands Mall.

UAE Plans To Send Unmanned Probe To Mars By 2021

A new space agency is being created in the country to supervise the mission.

Exclusive: MAF Properties Planning Mixed-Use Project In Dubai

The project is expected to be launched in the next 12 months, confirms CEO George Kostas.

Sobha Group Launches $4bn Mixed-Use Project In Dubai

The project will comprise of residences, two international schools, nurseries, three hotels, mosques, a clubhouse, a retail centre and restaurants.

Emirates Flies A380s To Kuwait

At just one hour 45 minutes, the new flight will be Emirates shortest A380 route globally.

First Day Of Eid Al Fitr In UAE Expected To Fall On July 28

The Shawwal crescent moon is anticipated to form on Sunday, July 27, the Sharjah Planetarium has announced.

Lack Of Jobs Push UAE Grads To Entrepreneurship

The majority of fresh graduates in the UAE said that finding a job was a challenge in the current market.

Dubai’s DP World Signs $3bn Loan Deal – Sources

The new five-year facility is split between a $2.39 billion conventional loan and a $610 million sharia-compliant tranche.

Samsung Unveils Swarovski Encrusted S5 Cover In UAE, Priced Dhs499

The crystal-encrusted cover comes in two shades – smoky grey and blue, and solid black.

Ajman Emerges As Relocation Hotspot For Dubai, Sharjah Residents

Rents in Ajman are growing as budget-conscious residents move from Dubai and Sharjah, where rents have soared, finds Asteco.

UAE’s Falcon Aviation Signs $153m Bombardier Jet Deal

The transaction follows a letter of intent to acquire one CS300 aircraft and another option that was announced in February 2014.

Dubai’s Shuaa Capital Q2 Profit More Than Quadruples

Net profit in the three months to June 30 jumped to Dhs6.2 million ($1.7 million) from Dhs1.3 million a year earlier.

Emirates Signs $13bn Service Contract With GE

The order is for engines that will power the 150 777X jets that Emirates is buying from Boeing.

Etihad To Start Daily San Francisco Flights

San Francisco becomes Etihad’s sixth US destination.

Dubai’s Food Retail Sales Surged 500% During FIFA World Cup

Shisha cafes benefitted the most as they drew late night crowds with suhour menus and live streaming of soccer games.

UAE’s Abraaj Group Buys Stake In Tunisian Hospital

Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.

UAE Regulator Announces Guidelines For Twitter

Twitter users in the UAE are prohibited from tweeting content that is contrary to public morals and the principles of Islam.

Dubai’s Drake & Scull Gets Shareholder Nod For Strategic Investor Plan

The company said that its shareholders had approved issuing a bond that would allow a strategic investor to buy into the company.

Dubai’s New Mega Projects Could Create Boom-Bust Cycle – Report

Policymaking complacency and the launch of larges scale projects such as Mall of the World could lead to property bubble, finds report by the Bank of America Merrill Lynch.

Abraaj Investment Management Makes Bid Approach To Egypt’s Bisco Misr

The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.