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Sheikh Mohammed: Dubai hits first goal of strategy to become Islamic economy hub

Dubai has overtaken Malaysia and London for the listing of Islamic bonds on its exchanges

Dubai house rents to fall by 4% in 2015- report

Dubai is unlikely to see a steep growth in rents as the market stabilises, a new report says

DIFC Courts says 447% rise in value of claims in first half of 2015

The average value per claim in the Court of First Instance increased 490 per cent to Dhs 106.4m

Marka signs Dhs 31m franchise deal for ice cream brand Morelli’s Gelato

Post the deal, Marka plans to open 17 Morelli’s outlets in the MENA region by 2020

Abraaj Group buys majority stake in Nigerian mattress maker Mouka

The founding family of Mouka who will retain a minority stake in the company, a statement said

Emirates to launch services to Iranian city of Mashhad

The airline will soon begin a weekly service to Mashhad, its second destination in Iran

Dubai property market unlikely to see drastic correction – survey

The majority of business executives say any losses or gains in the Dubai property market will be within 10 per cent of current values, a new survey showed

Top tips to choose the right property developer in Dubai

Do proper due-diligence on the developer and visit their existing projects in order to pick the right one

DIFC starts work on $205m building in Gate Village

The new building will have a total built-up area of 200,000 square feet and will comprise of retail and F&B units along with office space

The trials and tribulations of renting a property in Dubai

By following a few simple steps renting in Dubai can become a lot easier, writes Toby Young managing director of propertyrights.ae

Dubai airport passenger traffic up 23 per cent in May

Passenger numbers climbed to 6.2 million in May – up from 5 million a year earlier

Emirates starts A380 Dusseldorf flights

Western city becomes third in Germany to welcome the superjumbo

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar chairman Mohamed Alabbar launches real estate educational institute

The institute will develop a talent pool of senior managers and project developers in order to expand the UAE’s real estate sector

Dubai’s Drake & Scull increases GCC ownership limit to 100%

Nationals from the UAE currently hold 51.02 per cent of the company’s stock, with the remaining GCC nations owning 5.85 per cent

ENOC presses ahead with Dragon Oil takeover amid shareholder protest

ENOC published its offer document on Wednesday, showing the deal is moving ahead

Dubai to begin linking health insurance scheme to visa renewal

The regulation will be enforced from August 1, 2015 in order to ensure that all companies comply with the new rules

Emirates rebuts subsidy claims with new report

The carrier said it has paid the Dubai government – its parent firm – nearly $3bn in dividends and is financially transparent with no room for subsidies.

Dubai plans to construct world’s first 3D printed building

The project is the first major initiative of the ‘Museum of the Future’, a scheme to develop and deploy cutting edge prototypes across Dubai

Nakheel awards Dhs550m contract for Deira Islands coastal work

The contract includes construction of 8.5km of beaches, 3.5km of quay walls and 9.5km of rock revetments at two of the four Deira Islands

Dubai Land Department says no hike in property fees

The clarification came following reports that the transaction fee would rise from 4 to 8 per cent

Dubai’s Limitless to pay $564m to creditors, nears debt plan assent

The cash payment will be funded by the sale of part of its land bank in Saudi Arabia, the company said

Stock news: Gulf markets fall on Greece turmoil

Dubai’s stock index slid 1.3 per cent, heading for a second straight daily close below its 200-day average

Dubai’s Nshama awards Safi and Zahra construction contracts to Unec

The developer did not disclose the value of contracts.

Damac Properties launches new Paramount-branded Dubai hotel tower

Damac’s latest hospitality project is an 826-key luxury hotel and residences tower on Sheikh Zayed Road.

Dubai Holding appoints new managing director, CEO

The current CEO Ahmad Bin Byat has been promoted to vice-chairman and managing director while COO Fadel Al Ali will take over as CEO

DEWA awards contracts worth Dhs 1.2bn for 15 substations

The authority is also planning to build three substations, especially to deal with rising power demand during Expo 2020

Top 10 iftars and suhours in Dubai

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

Al Masah Capital’s F&B unit buys Johnny Rockets franchisee

The private equity firm acquired Al Faris Restaurant, which operates the Johnny Rockets franchise in the UAE and Oman.

Over 62,000 Dubai passengers to travel via Emirates on June 26

The airline has cautioned passengers travelling from Dubai between June 25-28 to plan for heavy airport traffic

ABN Amro says Dubai employee dismissed for misconduct

The bank said the employee had received about $100,000 from a client and transferred it through his personal account to a third account