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Etihad Expands Codeshare Agreement With India’s Jet Airways

The Abu Dhabi carrier has placed its ‘EY’ code on Jet Airways’ domestic services for the first time, as part of the deal.

Emirates Airline Sees Progress Soon On A380 Engine Upgrade

Emirates has expressed interest in applying the lessons of other Airbus re-engining projects to the four-engined superjumbo.

Dubai’s Al Futtaim Group Signs Deal To Build $1.6bn Saudi Mall

The super regional mall will be anchored by an IKEA store and will have a gross leasable area of 250,000 square metres.

Etihad Airways Takes Steps Toward Alitalia Investment

Both airlines will proceed with final documentation to complete the transaction once the board and stakeholders in Alitalia confirm acceptance of the terms.

Five Minutes With… Henrik Christiansen, Executive Director, Bukhatir Group

The UAE-based conglomerate is seeing a boom in the construction market, says Henrik Christiansen.

Aldar Launches Units For Rent At The Arc, On Abu Dhabi’s Reem Island

Leasing of the properties, which are located on Reem Island, will begin this week.

Dubai’s Damac Plans Mega Shopping Strip In AKOYA Development

The 1.3km AKOYA Drive, resembling Rodeo Drive in Beverly Hills and Champs Elysees in Paris, will include F&B options and retail outlets.

Emaar Launches Second Phase Of BLVD Crescent Project

The second phase of the project will have over 70 one to three bedroom apartments within a 20-storey tower, Emaar said in a statement.

Dubai’s Ruler Issues Decree To Establish Six New Wildlife Sanctuaries

The legislation aims to protect natural habitats in Dubai and develop and promote ecotourism.

Dubai To Have Region’s Largest Entrepreneurship Centre

The centre, which will be launched in Q1 2015, will be within free zone technology park, Dubai Silicon Oasis.

Dubai’s Emaar Properties Says Malls Unit Raises $1.5bn Islamic Loan

Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).

Dubai’s RTA Awards Dhs802m Contract For Phase III Of Water Canal Project

The work on the third phase of the project will start in June and is scheduled to be completed by 2016, RTA said.

Etihad Starts Los Angeles Flights

Today’s inaugural flight marks Etihad’s fourth US destination and one of the longest flights globally

Air Serbia Passengers Rise On Etihad’s Connectivity

Revenues rise 47 per cent on back of Etihad Airways’ global connectivity, growing codeshare partners and introduction of three Airbus aircraft

UAE Customers to Benefit From Fixed Network Sharing Deal Between Telcos- Analyst

The deal, expected to be in place by the end of 2014, will intensify competition between the two telcos in the UAE.

Dubai Ranks As World’s Second Biggest Retail Destination – Report

The emirate came closely behind London, and significantly ahead of New York, Moscow and Shanghai

Funds To Cut UAE, Qatar Exposure After MSCI Upgrade – Survey

Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.

Arabtec CEO Invests $1bn In Company, Increases Stake To 21.46%

Hasan Ismaik, who took charge early last year, previous held an 8.03 per cent stake in Arabtec.

Dubai’s Emaar Properties Secures $1.5bn Islamic Loan – Sources

The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.

UAE’s TRA Rejects Over 134,000 Mobile Number Switch Requests

Out of 190,185 mobile number porting requests received, only 55,555 were successfully transferred, the UAE’s telecom regulator said.

Emirates To Start A380 Mumbai Services In July

The Dubai carrier will also deploy larger Boeing 777 aircraft to Delhi and Hyderabad

Etisalat’s Tanzania Telecoms Business Defaults On $96m Loan

Zanzibar Telecom, which uses the brand name Zantel, has struggled against larger rivals Vodacom and Bharti Airtel.

UAE Regulator Approves Samena’s Acquisition Of RAK Ceramics Stake

The regulator also granted Samena a waiver in relation to the price it was paying for the RAK Ceramics shares.

Drake & Scull Wins Dhs110m Contract For Abu Dhabi’s Plaza View

The Dubai-based contractor will provide MEP services for the Plaza View project, a mixed-use development.

Dubai’s DIFC Sets Up Dispute Settlement Authority

The move is in line with the UAE’s Vision 2021, which calls for an effective dispute settlement mechanism to attract more business to the region.

Nakheel Awards Dhs160m Construction Contract For Ibn Battuta Hotel

The 372-room hotel is part of the developer’s 28,000 square metre expansion of the Ibn Battuta mall complex.

Luxury Hotel Chain Bulgari Partners With Meraas To Debut In Dubai

The Bulgari Hotel, located off the coast of Jumeirah Beach Road, will comprise 100 rooms and suites.

DEWA Starts Work On Dhs170m Water Project

The project is intended to increase the quantity of water flow and ensure continuity of supply for current and future projects in Dubai.

Nakheel Awards Dhs1.2bn Construction Contract For Nakheel Mall

UAE contractors United Engineering Construction and Actco General Contracting Company win contract to build the new complex, located in Palm Jumeirah.

UAE Etisalat Picks Banks Ahead Of Potential Bond Issue – Statement

A separate document from lead arrangers showed Etisalat chose Deutsche Bank, Goldman Sachs, HSBC and Royal Bank of Scotland to arrange the offering.