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Dubai’s Amlak Proposes New Restructuring Deal For $2.7bn Debt

The sharia-compliant mortgage lender proposed in June to make an initial down-payment of 20 per cent while the remaining debt will be paid over 12 years.

Mall Of Egypt On Track To Open In Jan 2016 – MAF Properties CEO

Political unrest in Egypt is not affecting work on the mall, confirms George Kostas, CEO of UAE-based retailer Majid Al Futtaim Properties.

Stock News: Arabtec Surges On Hopes For Govt Intervention, Lifts Dubai

Dubai’s main index is up 3.1 per cent while Arabtec jumps 8.7 per cent ahead of a briefing scheduled for after the close on Wednesday.

IHG Opening Two More Abu Dhabi Hotels

New InterContinental Abu Dhabi Grand Marina will feature a Michelin-star signature restaurant with rooftop bar and second Holiday Inn capitalises on demand for mid-scale hotels

Stock News: Arabtec Hopes May Support Dubai’s Upswing

The Dubai index jumped 3.2 per cent on Tuesday as Arabtec, which had plunged its 10 per cent daily limit early in the session, surged to close up 10.3 per cent.

Dubai’s Arabtec To Hold News Conference Wednesday On Rumours

Arabtec has issued a string of statements saying it will protect shareholders’ rights, but it has not so far publicly addressed the strategy and ownership issues.

Quarry Firm Tarmac ME Signs MoU With Etihad Rail

The agreement will help Etihad Rail expand its distribution capacity beyond its export terminals within the UAE.

United Arab Bank CEO: No Hike In Mortgage Lending Despite Dubai Property Market Boom

The market has matured to a level capacity although rents continue to increase, says CEO

Dubai’s Union Properties Expects H1 Profit To Jump Fivefold

The developer expects its profit in the first half of this year to reach Dhs700 million.

Gama Aviation Opens Private Aviation Terminal In Sharjah

The terminal is the first phase of a $15 million investment which will include new hangar and maintenance facilities.

Majority Of Dubai Consumers Prefer Iftars Priced Below Dhs100- Survey

Iftars and suhours during Ramadan will boost revenues in hotels across Dubai, a new survey says.

Dubai’s Empire Aviation Group Adds New Aircraft To African Fleet

The latest aircraft, a Challenger 605 model, was acquired for a private owner by EAG.

Stock News: Dubai Rebounds As Emaar Soars

The index recovers to stand 1.1 per cent higher at 3,987 points, bouncing back above the 200-day average.

New A380 Simulator Launched In Dubai’s Mirdif City Centre

The iPILOT simulator, located in Magic Planet, will offer the experience of flying the world’s largest passenger jet.

Dubai Index Drops Below 200-Day Average As Arabtec Again Falls Daily Limit

This is the first time that the index has dropped below the 200-day average since December 2012.

Etihad Increases Frequency On Indian Routes

Double-daily frequencies will be operated to Bangalore, Chennai, Kozhikode and Hyderabad.

Stocks News-Dubai May Stabilise But Hard To See Uptrend

The emirate’s index plunged 4.4 per cent on Monday, bringing its losses from a multi-year peak hit in May to 27 per cent.

Dubai Index Drops 4.4% As Arabtec Again Falls Daily Limit Of 10%

The Dubai index reached a three-month closing low of 3,943 points, bringing its losses from a multi-year peak hit in May to 27 per cent.

Dubai’s Expo 2020, Qatar World Cup To Boost Demand For Skilled Workers

Niche skill sets and specific areas of expertise will shape the demand for a particular cadre of executive talent.

Nakheel Launches New Deira Islands Mall, Awards Dhs40m Design Contract

The 620,000 square metre retail destination will form part of the Dubai developer’s new 15.3sq km Deira Islands project.

Etihad’s Fleet Expands To 101 Aircraft

The Abu Dhabi state carrier received two new Airbus aircraft – a A321-231 and a A320-200, that expanded its fleet to over 100 planes.

UAE’s Al Hamra Real Estate Gets $230m Financing

The firm said the facility would be used to refinance existing debt and to finance planned new real estate projects.

Abraaj To Consider Options For Pakistan K-Electric Stake

Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.

Etihad Airways Signs Maintenance Deal With Air New Zealand

As part of the deal, Etihad will perform all scheduled and non-scheduled line maintenance on Air New Zealand aircrafts.

Runway Work Cuts Dubai Airport Traffic In May

Dubai International’s passenger traffic rose 9.2 per cent to 29.61 million people during the first five months of this year.

Abu Dhabi To Provide Dhs33m Loan For Sierra Leone’s Solar Project

Abu Dhabi Fund for Development will provide finance to construct a 6 MW solar power plant in the city of Freetown in Sierra Leone.

Stock News: Dubai Drops As Arabtec Resumes Freefall

Dubai’s index is now down 27 per cent from the multi-year peak hit in mid-May, though it is still up 17 per cent year-to-date.

UAE Tea Industry To See Growth During Ramadan

Factors driving the demand for tea include its increased health benefits, its role in fitness and nutrition and the fasting period.

Arabtec – A Case Study For Effective Change

The recent fiasco surrounding Dubai builder Arabtec calls for urgent corporate change, writes management expert Debbie Nicol.

Property Brokers In Dubai To Face RERA Test For Licence Renewal

The test, which has a fee of Dhs700, has to be cleared by all real estate brokers in the emirate.