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Soft Opening For Sofitel Dubai The Palm Resort And Spa

Luxury brand’s second hotel in the city combines business and leisure.

Dubai Commands 30% Of ME Luxury Market Share

The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.

DeVere Group Eyes Gulf Market Post Acuma Buyout

DeVere Group CEO believes that the acquisition of Acuma, a UAE-based wealth management firm, will help further their presence in the Gulf market.

Mashreq’s Retail Banking Profit To Double

The Dubai lender’s retail arm made a net profit of Dhs240 million last year.

The Galleries’ Business Lounge Targets Jebel Ali Corporates

The 700sqm facility accommodates up to 80 people and features boardrooms, conference and meeting rooms and internet stations.

Abu Dhabi’s ADIA Invests $200m In India Real Estate

ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.

Underwater Hotels – Unique Concept, But Are They Profitable?

Tea Ros, managing director at Strategic Hotel Consulting, examines the challenges developers face in underwater construction.

Top 10 Summer Destinations For UAE Residents

A look at popular destinations for UAE residents this summer, according to Emirates Holidays.

‘Career-Oriented’ UAE Expats Delay Marriage, Survey Reveals

About half the respondents surveyed were legally single.

60% Of UAE Residents Exercise Three Times A Week

The study will please health specialists who champion regular exercise to counteract the country’s high levels of obesity and diabetes.

Etihad Seals $200m Simulator Deal with CAE

New simulators to be housed in academy extension and fill training gap for long-range aircraft.

Emirates To Start Sixth Daily Bangkok Service And Entering Ukraine

The airline will be effectively offering shuttle services throughout the day to Bangkok this winter.

Abu Dhabi Commercial Bank Buys Back Shares Worth $103m

The purchase price was equivalent to a 5.6 per cent discount to Tuesday’s closing share price of Dhs5.15.

Brazil’s EBX, Abu Dhabi Fund Agree On Debt Refinance Deal

The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.

Top 10 Iftars In Dubai

A list of the top iftars around Dubai this Ramadan and what they charge along with their major attractions.

Rhodium-Studded Dhs11,000 iPhone 5 To Be Sold In UAE, Saudi

The Givori Phantom Black Platinum collection, made for men, is handcrafted in Italy.

Dubal, Mubadala Complete Acquisition Of Guniean Aluminium Firm

GAC acquisition gives flight to EGA’s ambition in becoming a key player in global aluminium production and paves way for significant global and regional expansion

Obama Speaks With UAE Crown Prince, Qatar Emir About Egypt Concerns

The phone calls from the US president came on a day when the UAE and Saudi offered $8 billion in aid to Cairo.

UAE To Give Egypt $3bn Support, Saudis $5bn

The UAE will make a $1 billion grant to Egypt and a $2 billion loan.

Dubai’s Nakheel Reports 57% Profit Rise In First Half Of 2013

The debt-ridden developer made a net profit of Dhs1.2 billion during the first half of the year on higher revenues.

Dubai’s New Address System To Ease Travel

The new 10-digit codes will eliminate the need for complicated and lengthy street addresses.

Dana Gas Appoints New CEO

Patrick Allman-Ward currently works as the general manager for Dana Gas Egypt.

Emirates Starting A380 Mauritius Flights In December

The double-decker will cater to growing leisure demand and serve multiple destinations across Emirates’ global network.

Ramadan To Start Wednesday, 1600 Prisoners Released

Working hours for private and public offices during Ramadan have also been issued.

Dubai Could Raise $1bn From Telecom Sales

Dubai has alledgely put its 26 per cent stake in Axiom Telecom and 35 per cent stake in Tunisie Telecom on the block.

Etisalat Warns Customers To Register SIM Cards As Deadline Looms

The fourth phase of the registration campaign ends on July 16.

Abu Dhabi Culls Expat Jobs At Key Government Department

Sources say between 40-70 people have lost their jobs at the General Secretariat of the Executive Council.

Etihad Posts Record Q2, H1 Revenues

The Abu Dhabi carrier attributed its eight per cent rise in Q2 revenue in part to its codeshare and equity alliance partners.

Dubai Metro Extends Timings During Ramadan

Public transport facilities including the metro and buses will operate on revised timings during the holy month.

Mortgage Lender Tamweel To Delist From Dubai Bourse

The move is in preparation for its complete acquisition by Dubai Islamic Bank