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First Gulf Bank Rebrands For Expansion Drive

UAE lender says the rebrand signals its clear plans to grow.

Deyaar Launches Hotel Tower In Dubai’s Business Bay

The launch continues Deyaar’s move into the hospitality sector.

Dubai Real Estate Investment Up 57% In Q1 2014

Emiratis invested around Dhs7 billion in Dubai property while Indians continued to be the top foreign investors with transactions worth Dhs5.8 billion.

ADCB To Buy $122.5m SME Loan Portfolio From Mubadala GE

The portfolio, which comprises loans to SMEs in the UAE, will strengthen the bank’s position in the sector.

Nakheel Awards Dhs47m Contracts For Deira Islands Project

The developer has appointed AE7 for design, supervision, architectural and engineering services.

Nuclear Power: Boon Or Bane For The GCC?

As the UAE and Saudi race to build nuclear reactors to meet mounting energy needs, the inevitable question arises – is nuclear a viable option?

Majority Of UAE Parents Fund Children’s Education Through Current Income

The study found that the majority of parents in the UAE were financially ill prepared for their children’s education.

Emirates To Cut 41 Flights During Dubai Airport Runway Upgrade

The 80-day renovation programme at the airport will begin on May 1.

Abu Dhabi’s Mega Industrial Zone Kizad Completes Phase One Of Logistics Park

Kizad said that around 83 per cent of the logistics park has been pre-leased to a number of local and international firms.

Abu Dhabi’s Mubadala 2013 Profit Jumps On Financial Investments

Mubadala, which has stakes in GE and private equity firm Carlyle, saw net profit tripling over the last year.

Expert Warns Dubai To Regulate Off-Plan Property Market

Rising volumes of cash transactions and off–plan sales could inflate prices to 2008 levels, an expert has said.

Dubai Restaurant Zuma Bans Cigar Smoking

Cigarettes are still allowed within the restaurant’s bar and lounge areas.

Exclusive: No Negative Feedback From Tourism Dirham: Dubai Tourism Chief

The new charge, varying between Dhs7 and Dhs20, was introduced on March 31 and is applicable per room per night across hotels in Dubai.

Dubai Rental Growth To Continue In 2014

Residential rental growth is expected to continue until there is adequate supply in the market.

Langham Plans Dubai Palm Jumeirah Hotel For 2015

Luxury Hong Kong-based hotel company makes its first foray into the Middle East and chooses Dubai as the first resort in its global collection.

UAE Confirms Three New MERS Cases

All newly detected cases have shown no outward symptoms of the virus, HAAD said.

Five Minutes With… Ammar Abulohom, CEO, Dar Al Aqar

Dubai’s real estate market still has plenty of growth opportunities, says the CEO of property brokerage service provider, Dar Al Aqar.

Fire Reported In Dubai’s Ravi Restaurant

The blaze was reportedly caused by a fault in the restaurant’s recently installed electric signage.

Air Arabia To Begin Services From Ras Al Khaimah On May 6

The Sharjah-based low-cost carrier has been designated the new airline of Ras Al Khaimah following the closure of RAK Airways.

Dubai’s Takaful Emarat Expects To Post Q1 Profit

The company’s past financial statements show it last reported a quarterly profit in the first quarter of 2009.

Etihad’s Revenues Surge 27% In Q1 2014

The airline’s growth in revenue was aided by an increase in passengers resulting from its codeshare and equity partnerships.

Dubai’s IMG Theme Park Gets $327m Islamic Loan

Proceeds will be used to expand the $1 billion Worlds of Adventure theme park.

Exclusive: Dubai Not Building Any Hotels For The Expo – Tourism Chief

The current hotel supply pipeline is only linked to the emirate’s 2020 tourism strategy, says Helal Al Marri, the head of Dubai’s DTCM.

Infiniti Middle East Sales Up 19% In 2013

The Japanese car maker sold around 5,892 units in the region during its financial year ended March 2014.

UAE Authorities Assert MERS Not A Public Health Concern

One person died from MERS and five others have been infected with the disease in the Emirates, it was reported last week.

Swiss Chocolate Firm Lindt & Sprungli Opens Dubai Office

The move was facilitated by the emirate’s official foreign investment development agency Dubai FDI.

Emaar Launches 480 New Townhomes In Reem Community

The new collection of Mira Oasis townhomes follows strong investor interest, said the Dubai developer.

Australia Prioritises Gulf Free Trade Agreements

Minister wants to ‘turbo charge’ investment opportunities on back of abundant air links

New UAE Law To Award 10% Of Government Contracts To SMEs

The law is expected to be enacted within three months or less, the UAE economy minister said.

LuLu To Open Six New Hypermarkets In Malaysia

The Abu Dhabi-based group will invest around $200 million in its hypermarkets across Malaysia.