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Infrastructure Spending In The Middle East Set To Rise – Survey

The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.

Abu Dhabi’s Waha Capital Buys Into Dubai’s National Petroleum Services

Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.

Stock News: Dubai Falls As Arabtec Extends Drop

The Dubai builder’s shares have fallen 59 per cent from May 14’s record close.

UAE Retailers Can’t Hike Prices During Ramadan Without Govt Approval – Minister

Suppliers need written consent from the ministry of economy to increase commodity prices.

Arabtec’s Shaky Foundations Dent UAE’s Credibility

Dubai-based Arabtec has not provided any serious explanation for what is happening, says Reuters columnist Una Galani.

Experts Call For Better Regulation Of GCC Stocks Post Arabtec Saga

Arabtec debacle on the stock market reveals the crack among bourse regulations in the Gulf

Global Cruise Giants Eye Gulf Markets

Apart from being an attractive cruise destination, the Gulf is also rapidly becoming a source market for cruise tourism, experts say.

Dubai’s SensAsia Urban Spa Prepares To Expand Across The GCC

The company is looking to grow through a franchising model, says founder and owner, Salina Handa.

UAE-Based Danube Properties Sells Out Debut Project On First Day

Located in Dubai, the Dhs500 million residential project, Dreamz By Danube, includes 171 townhouses.

UAE-based Just Falafel Opens Its First Toronto Outlet

The store is part of the company’s expansion drive in the American continent.

Etihad Launches Mobile Boarding Passes

The mobile passes will be available to travellers on select routes and will help reduce paper wastage, said the Abu Dhabi carrier.

Dubai Investments Sells Globalpharma Stake To Sanofi-led Group

No purchase price was given by the bourse filing in Dubai.

Dubai’s Luxury Home Prices Fall In H1 2014

The introduction of mortgage caps has been instrumental in dampening the buyer activity this year, research has found.

UAE’s First Gulf Bank Prices Debut 10bn Yen Bond

The five-year bond is part of the lender’s $1 billion Tokyo Pro-Bond Market Programme, it said in a statement.

Dubai Halts Rally As Arabtec Falls Back

Arabtec slips 2.4 per cent and Dubai’s benchmark is up 0.5 per cent, after rising as much as 1.0 per cent early in the session.

Etihad Agrees On Principal Terms To Buy 49% Of Alitalia

The two carriers have been in talks since December, but a deal has so far been elusive.

BlackBerry’s Affordable Z3 Smartphone To Launch In UAE In July

The phone, BlackBerry’s new android app-compatible model, will be priced at Dhs899.

Dubai’s Emirates Airline Suspends Flights To Peshawar

Flights are suspended until further notice and passengers will be rebooked on alternative Emirates flights, the airline said.

Nakheel Chairman: No Immediate Plans To Restart Palm Jebel Ali

The developer will announce new “big” projects later this year, confirmed Ali Rashid Lootah.

Emirates Global Aluminium Project Clears Guinea Hurdle

The adoption of the amendments clears the path for the project, which was initially delayed due to lack of funds following the financial crisis.

Nakheel To Repay $1.5bn Debt By August, Four Years Ahead of Schedule

The repayments will be funded from Nakheel’s own resources rather than support from the Dubai government.

GEMS Education Appoints New Group CEO

The appointment comes as the group looks to build six more schools in the region.

Dubai Rebounds As Arabtec Slide Slows

Trading is active, suggesting the market’s tumble this week is viewed by some investors as a buying opportunity.

Dubai’s Arabtec Says Restructuring Won’t Hurt Projects

Arabtec’s shares, the most heavily traded in Dubai, plunged 53 per cent this month, dragging down the entire market.

Dubai’s Ruler Approves Expansion Of Jumeirah Beach Hotel

Under the plan, an ultra-luxury 350-room resort will be added to the existing Jumeirah Beach Hotel.

UAE’s Camel Chocolate Brand Al Nassma Partners With Global Duty Free Retailer

The company’s camel milk chocolates will be sold across all major duty free outlets through its listing with Gebr. Heinemann.

Hasan Ismaik Resigns As Chairman Of Dubai Interiors Firm Depa

Ismaik said he had left Depa to focus on his personal business.

Dubai’s Damac Launches Sales Of FENDI-Styled Villas

The villas, which come with a starting price of Dhs36,000,000, will be ready by Q1 2017, the developer said.

New $5bn Islamic Aircraft Leasing Fund Launched; Will Target GCC

ALIF Fund will be managed by the International Airfinance Corporation with Airbus and IDB as investors and partners.

Former Arabtec CEO Says Has Three Offers For His Stake

Hasan Ismaik, who resigned as head of the firm last week, said that he has offers from government entities and an international construction firm.