Home next GCC next UAE

UAE

Standard Chartered Appoints New UAE CEO

Mohsin Nathani will replace Jonathan Morris, who has resigned from the bank for personal reasons.

Pearl Dubai Sells $1.9bn Assets To Hong Kong Property Group

The sale includes high-end residences and serviced apartments and two five-star hotels within the Dubai Pearl project.

Dubai’s Union Properties 2013 Profit Soars Eightfold

The company said it was recommending a five per cent bonus share dividend to shareholders for 2013.

Gallacher Retains Dubai Desert Classic Title

Gallacher began the day two shots clear of world number six Rory McIlroy.

UAE Summons Qatari Ambassador Over Muslim Cleric’s Comments

In a recent sermon Youssef al-Qaradawi condemned the UAE as a country which was against Islamic rule.

Yas Mall To Open On Formula One Weekend

The mall – measuring 2.5 million sq ft – will operate 400 stores and a 20-screen cinema.

Tiger Woods Vows To Work On Putter After Muted Dubai Showing

The 14-times major winner birdied the last three holes for a one-under-par final round of 71 on the Majlis course.

National Bank of Abu Dhabi To Hire Over 100 UAE Nationals In 2014

The bank is on a hiring spree as it grows its commercial business and expands overseas.

Dubai’s Aramex Q4 Net Profit Up 16% On International Revenues

The company made a net profit of Dhs76.4 million in the three months to December 31.

Etihad In Final Due Diligence Stage For Alitalia Stake Buy

Abu Dhabi-based Etihad is reportedly planning to buy a 40 per cent stake in the struggling Italian carrier.

Air Arabia Fills RAK Airways Void

Ras Al Khaimah inks partnership deal with Air Arabia in order to sustain its tourism growth plans

UAE’s First All-Inclusive Resort Targets Mid-February Launch

Opening of Rixos Bab Al Bahr in Ras Al Khaimah likely to spur regional interest in nascent sector

Emaar Launches Yasmin Villa Community In Dubai’s Arabian Ranches

Emaar’s latest launch brings in Arabesque-styled villas in the Arabian Ranches expansion.

McDonald’s UAE To Open 15 New Restaurants In 2014

McDonald’s UAE invested Dhs32 million in 2013, with 11 new stores and five renovations.

Union National Bank Q4 Net Profit More Than Doubles

The lender made a net profit of Dhs306 million in the three months to December 31, up from Dhs136 million in 2012.

Dana Gas Reports Q4 Profit Up 12%

The company collected $134 million in Egypt last year and $69 million from Kurdistan.

Cathay Pacific To Drop Jeddah and Abu Dhabi

While flights to both cities are being axed, Bahrain is to be expanded and double-daily Dubai is unaffected

Dubai Ranks 3rd Among World’s Top 20 Dynamic Cities

The ranking by Jones Lang LaSalle lists cities that have strong socio-economic and commercial real estate momentum.

IMF Hikes UAE 2014 Growth Forecast, Warns Against Property Bubble

The UAE is expected to see inflation-adjusted GDP expand 3.9 per cent in 2014 and four per cent in 2013.

Dubai Financial Market Issues Securities Lending Rules

Dubai was one of the best-performing stock markets in the world last year.

Dubai’s Arabtec Wins $5.5bn Contract From Aabar

The contract is one of the largest construction deals awarded to any builder in the UAE since 2008.

McIlroy Retains Dubai Lead, Woods Toils

Scoring on Friday proved tougher for most players as Thursday’s lush greens dried out.

Ruth’s Chris Steakhouse: Business Lunch Review

The Ruth’s Chris business lunch offers three courses at a competitive price, for those willing to stick to a set menu.

Nakheel Executive Appointed As Limitless CEO

Mohammed Rashed Bin Dhabeah will become the CEO of Limitless while retaining his position at Nakheel.

Abu Dhabi Hotels Report Record 2013

Guest intake was close to 8.8 million guest nights, a 26 per cent rise on 2012.

McIlroy Sizzling In Opening Round Of Dubai Desert Classic

The Northern Irishman sinked a quintet of birdies from the 12th to the 18th.

Exclusive: First Hyatt Place In Middle East Opening In Dubai In April

Hyatt will target corporate travellers seeking casual hospitality in a hi-tech environment

Aster DM Healthcare Group To Open 3 New Hospitals In The UAE

The group is planning to construct two new hospitals in Dubai and one in Sharjah, having a joint bed-capacity of 270.

Etihad Regional Flight Sustains Damage While Landing In Paris

None of the 16 passengers and crew members on board were injured.

GCC Rail Network Could Face Delays – Official

The UAE has plans to invest $25 billion in its railway infrastructure, according to the NTA.