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UAE Retirement Age On Global Par At 60 – Report

Women working in the country’s public sector can retire earlier at 55, finds new Mercer report.

Slow Q1 Growth In Dubai’s Property Prices, But Rents Continue To Boom

Implementation of the federal mortgage cap seems to be most effective in cooling prices, real estate consultancy Cluttons says.

Abu Dhabi’s Ruwais Refinery To Be Commissioned By End Of Year

The expansion is planned to more than double the capacity of Ruwais refinery from 415,000 barrels a day (bpd).

Dubai Agrees $1.7bn Sale Of German Packaging Firm Mauser

Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, in a deal which valued the firm at 850 million euros.

Dubai Bourse Changes Trading Session Structure Ahead Of MSCI Upgrade

The move is expected to make closing prices more predictable and eliminate large last-minute swings, the bourse said.

Abu Dhabi’s Union National Bank Q1 Net Profit Rises 3.5%

The bank made a profit of Dhs512.1 million ($139.4 million) in the quarter, up from Dhs494.9 million a year earlier.

Dubai Contractor Drake & Scull Posts 27.1% Q1 Net Profit Drop

The firm made a net profit of Dhs45.7 million ($12.4 million) in the first three months of 2014.

UAE’s Aldar Q1 Net Triples On Handovers And Sales

The developer’s profit rose to Dhs453.4 million ($123.4 million) in the first quarter from Dhs154.3 million in the same period of 2013.

UAE’s Just Falafel To Open 57 New Outlets In Europe

The stores, located in Europe’s Benelux region, will be operated by Wadi Degla Holding.

UAE Annual Housing Allowances Range Between $20,000 And $53,000 – Survey

Housing allowance currently stands at around 25 per cent of basic pay across most GCC countries.

UAE’s Julphar Sees 19% Growth In Q1 Sales Revenues

The company’s gross profit rose almost 18 per cent to reach Dhs237.1 million in first quarter of 2014.

Abu Dhabi Targets Chinese Tourists Post Nu Skin Event

The emirate is organising a roadshow across Beijing, Shanghai, Chengdu, Guangzhou and Hong Kong.

Dubai’s Nakheel Partners With UK’s Premier Inn For Ibn Battuta Hotel

The 372-room hotel at Ibn Battuta Mall is scheduled to open in 2016.

Dubai’s Shuaa Capital Swings To Q1 Profit

Shuaa made a profit of Dhs8.2 million ($2.23 million) in the three months to March 31, according to a bourse statement.

Etihad Rail Signs MoU With Saudi Railways Company

The agreement is expected to allow for greater collaboration ahead of the GCC Rail project.

Dhs500m Sharjah Project Set for 2017 Completion

Located 65km off the UAE coastline the island will be home to hotel apartments, villas, and a luxury five-star hotel

Dubai’s RTA Awards Dhs384m Deal For Phase II Of Water Canal Project

The second phase of the project is scheduled to be completed by 2016, RTA chairman Mattar Al Tayer said.

Dubai’s Jumeirah Group To Invest $2bn In Hotels Expansion

The expansion will see an addition of 4,300 hotels rooms over the next three years, state news agency WAM reported.

Dubai Fund ICD’s Financial Results Disclosed As It Readies Bond Sale

The fund had revenue of Dhs91.2 billion ($24.8 billion) for the six months ending June 30, 2013, compared with Dhs77.3 billion in the same period in 2012.

Dubai Charges Six Iranians With Businessman’s Kidnap

Abbas Yazdi, a businessman who owns a general trading company in Dubai, disappeared last June.

Abu Dhabi Telco Etisalat Seeks Banks To Arrange Debut Bond Deal – IFR

The plan is to use bond market financing to take out a bridge loan signed in connection with the acquisition.

RAKBANK Ups Foreign Ownership Limit By 20%

The new FOL would be 40 per cent and aims to improve the liquidity available to foreign investors.

Dubai Holding Reveals 40 Plots For Mid-Range Hotels

The company plans to add budget hotels to meet growing demand

Etihad Does Not Need To Conduct Tender Offer For India’s Jet-Regulator

SEBI was examining whether the share sale agreement between the two airlines amounted to an acquisition of joint control in the Indian airline.

UAE Federal Credit Bureau To Start In June – CEO

Al Etihad Credit Bureau has so far collected 22 to 24 months of data from around 70 credit data providers.

Emirates To Recover Dhs1bn Loss From Runway Closure Within The Year – Chairman

Up to 25 per cent of the carrier’s fleet will be grounded during the 80-day runway closure.

Emirates Airline 2013 Profit Rises 43%

Emirates made a profit of Dhs3.3 billion for the fiscal year ending March 31, it said in a statement.

Dubai To Spend Dhs6bn By 2025 To Become Green Paradise

The emirate is also mulling a law that would mandate the private sector to develop green areas in the city, a senior municipality official said.

UAE’s Etisalat Expects To Close Maroc Telecom Deal On May 14

Etisalat has agreed to pay 4.2 billion euros for the stake.

Arabtec’s Net Profit More Than Doubles

The Dubai-based contractor said is planning a series of acquisitions and mergers.