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UAE

Abu Dhabi Property Prices Rise 5% In Q3

Abu Dhabi’s property prices have risen throughout the year as rents have stabilised due to continued demand.

UAE Oct Business Activity Growth Slows From 29-Mth High

UAE firms saw output growth fall to 56.4 points in October from 57.9 in September, which was the strongest level in the survey’s history.

Fairmont The Palm Opens Art Suite

Rotated on a quarterly basis, the suite will be home to works selected by Showcase Gallery.

Dubai Motor Show Begins – New Supercars Unveiled

More than 600 vehicles will be on show with an expected attendance of over 100,000 visitors.

Dubai Financial Market Swings To Q3 Profit

DFM made a net profit of Dhs82.8 million in the three months to September 30, compared with a net loss of Dhs1.7 million in the same period in 2012.

Dubai’s Online Real Estate Portal To Increase Transparency

The new portal will provide information on real estate and support stakeholders across the industry.

UAE Ranks 8th In The World For Buying Global Property

A new report shows investors from the Emirates favour London, Paris and Geneva for overseas property.

UAE Banks To Get 5 Years To Obey Exposure Rules

The UAE central bank plans to restrict the amount of exposure banks can have to the debt of government-related entities.

UAE’s Smartphone Usage Drives Mobile Retail Growth

With the number of UAE smartphone users on the rise, opportunities for mobile retail is growing.

Etihad Towers Abu Dhabi Launches Concierge App

The app, developed by Evolvin Networks, is believed to be a first for Abu Dhabi.

Damac Announces $500m London Share Listing

Citigroup and Deutsche Bank are joint bookrunners for the offering.

Dana Gas Third-Quarter Net Profit Dips

Gross revenues for the third quarter were Dhs623 million, up 21 per cent from Dhs512 million a year ago.

Dubai’s Arabtec Forms New South Korean Joint Venture

The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.

Vettel Wins Abu Dhabi Grand Prix

The Red Bull driver dominated from start to finish at the Yas Marina circuit, securing his 11th win of the season.

Rolls-Royce ME To Unveil World Exclusive ‘Chicane’ Edition

The luxury car maker will unveil the one-of-a-kind Phantom Coupe at the Dubai Motor Show this week.

Etisalat Launches iPhone 5S In UAE November 3

Etisalat is running a trade-in option, allowing its customers to exchange their old iPhone 5 or 4S devices for discounted rates on the new range.

IDB To Launch $10bn Islamic Bond Programme In Dubai

Dubai’s exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year-end.

Etihad Airways Suspends Libya Flights For Security Reasons

The Abu Dhabi carrier suspended flights on Thursday after an assessment of the ‘exiting situation’ at Tripoli airport.

NBAD Eyes Emerging Markets For Growth – CEO

The UAE lender plans to set up eight banking hubs in major cities and five franchises in key markets.

Tale Of The Tumbling Rupee

A rise in capital outflow and a rise in Indian import taxes will bite the UAE.

Dubai Land Department Chief: “I Don’t Believe There’s A Bubble Forming”

Dubai’s housing market is rebounding strongly, with prices up over 20 per cent in the last 12 months.

UAE Expats Feel The Pinch Of Rising Cost Of Living

UAE expats have one of the lowest levels of disposable income in the world despite higher salaries.

Dubai Named Global Property Investment Hotspot

Dubai’s property investors have been seeing a net yield of six per cent in just Q3 2013.

Gulf’s Tech Market “White Open Field” – Dell President

Marius Haas, president of Enterprise Solutions at Dell, spoke exclusively to Gulf Business at Gitex Technology Week 2013.

S&P Dow Jones To Upgrade UAE, Qatar To Emerging Market Status

The UAE’s current foreign ownership limit of 49 per cent is satisfactory and there is an expectation that it will be relaxed in coming years.

Du CEO: Telecom Network Sharing Deal At Impasse

Osman Sultan voiced frustration at the impasse more than four years after talks between the companies began.

Mashreq Posts 34% Profit Rise

The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.

Etihad-Air Berlin Tie Up “Has Room To Improve”

Munich Airport’s president and CEO flew into the UAE to see how it can attract more passengers.

Property Mortgage Caps Encourage ‘Responsible Lending’

The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.

UNB’s Q3 Net Profit Falls 15%, Misses Forecasts

Net profit for the first nine months of this year fell to Dhs1.44 billion from Dhs1.47 billion in the prior-year period.