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UAE’s Gulf Marine Services Plans London IPO

GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.

Dubai’s Emaar Q4 Net Profit Up 48%, Beats Estimates

The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.

Pictures: Mall Of The Emirates New Fashion District Launch

The Fashion District, unveiled on Monday, is the first phase of the mall’s Dhs1billion redevelopment programme.

Mall of The Emirates Unveils Fashion District, Eyes New Hotel

The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.

Dubai Introduces Cap For School Fees

Schools can raise their fees from five to seven per cent depending on their rating by the KHDA.

UAE Telco Du Agrees Terms On $720m Loan Financing

Du’s new loan will replace two existing debt facilities.

Nakheel Receives Six Construction Bids For New Mall On Palm Jumeirah

A construction contract for Nakheel Mall is expected to be awarded within three months.

UAE Has Highest Ratio Of International, Local Students Among Arab States

The UAE has around 34,122 inbound students against 7,719 outbound students, according to UNESCO Institute of Statistics.

Speed Limits: How Fast Can You Drive On Dubai’s Roads?

Speed limits on major Dubai roads remain largely unchanged, according to Dubai Police.

UAE Stock Markets Should Unify Back Offices – Abu Dhabi Bourse CEO

Rashed al-Baloushi, CEO of the Abu Dhabi Securities Exchange, did not specify a timeframe for the proposal.

Emirates’ Long Haul Business Model Pushes Down Costs – CAPA

The Dubai-based airline sees lower unit costs compared to European carriers because of its business model, says a report from Centre for Aviation.

Dubai’s Coffee Shops Rated ‘Most Consumer Friendly’

Dubai’s retail units were assessed based on their efficiency in complaints resolution, fair pricing policies and customer opinions.

Dubai’s Deyaar To Allow Up To 25% Foreign Ownership

At present, nationals from GCC countries can own up to 49 per cent of Deyaar’s shares while foreigners from outside the GCC have been prohibited.

William ‘Bill’ Duff, Sheikh Rashid’s Financial Advisor, Dies

The British expatriate aged 92 died of natural causes in Dubai.

Dubai Remains Bullish; Global Mkts Support

Emaar Properties is expected to report its earnings in the coming days.

India Regulator Issues Notice To Etihad On Jet Deal

The Abu Dhabi carrier may have to make a tender offer to buy the entire 25 per cent public holding in Jet.

Empower

Dubai’s Empower $600m Acquisition Loan Starts Syndication -Sources

The loan, which was initially provided by four banks, is now being offered to other lenders interested in joining the deal, according to sources.

Sports Law Practice To ‘Thrive’ In The Gulf

With a rising Middle Eastern investor interest in sports ventures, sports law practice will thrive in the Gulf, says an expert.

Dubai’s Drake And Scull Profit Rises 61% In 2013

The contractor said that its revenues reached Dhs4.9 billion last year, growing by 47 per cent from 2012.

REVEALED: 10 Best Places To Work In The UAE

Logistics firm DHL tops the list in 2014, followed by Microsoft, as ranked by Great Place to Work Institute UAE.

EU Approves Amendment To Exempt UAE Citizens From Schengen Visa

UAE officials say procedures for exemption are almost complete.

Dubai Ruler Cleared By Report Into Horse Racing Doping Scandal

A report by Lord Stevens, the former Metropolitan Police chief commissioner, cleared Sheikh Mohammed of any wrongdoing.

UAE’s ENEC Gets Additional Approval For Nuclear Plants

The approval will help ensure that the units remain on schedule for commercial operations in 2019 and 2020 respectively.

ADNOC Slashes LPG Cylinder Prices In Northern Emirates

ADNOC has reduced the gas prices for the second time in two months.

Abu Dhabi’s Aldar To Refinance $2.2bn Debt This Year

The Abu Dhabi property firm is open to bank loans as well as bonds, according to the firm’s CFO.

RAK Properties Announces Dhs151m Profit In 2013

RAK Properties has said that the company is expecting a stronger performance in 2014.

Dubai’s DAE Leasing Firm Orders 20 Aircraft For Nearly $1bn

The order by DAE for 20 ATR 72-600s and options for 20 additional ones will see delivery between 2015 and 2018.

Abu Dhabi Developer Aldar Q4 Profit Rises 79%

Profit rose on the back of gains from the acquisition of Sorouh and handover of residential units.

Abu Dhabi-Owned Manchester City To Break Even This Season – CEO

The club’s CEO Ferran Soriano also confirmed that they did not breach Financial Fair Play rules in the last two campaigns.

Mubadala Says Assessing Options For $1.25bn Bond Maturity

The maturity is part of a $1.75 billion, two-tranche bond which the fund sold in 2009.