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Stock News: Dubai Leads Gulf Markets Up After Iran Nuclear Deal

The main Dubai stock index climbed 1.6 per cent in early trade on Sunday.

Dubai Developer Damac Considers London Tower Investment

The project in central London comprises 450 residential units as well as Grade A offices and retail space.

Arabtec Profit On Egypt Project Won’t Exceed 7.5%

The company agreed terms last week with Egypt for the first phase of a $36.7 billion plan to construct one million homes across the country.

Is Dubai The Gulf’s New Creative Hub?

With swelling advertising budgets and projects such as the Dubai Design District, the emirate is pitching its creative credentials.

Mohamed Alabbar to acquire stake in YNAP from Richemont

Emaar Chairman’s Outside Deals Stir Investor Unrest

Speculation persists that Mohamed Alabbar and Emaar could soon part ways despite a categorical denial from the firm last month.

Emaar Launches Dubai Mall-Linked Apartments In Downtown

Downtown Views will have 418 residences and will feature one, two and three-bedroom apartments as well as a collection of duplexes.

UAE Sandstorm Disrupts Air Traffic In Dubai, Abu Dhabi

Many flights coming into Dubai from South Asia, Iran and the GCC region have been delayed or cancelled.

Carrefour Signs Up As First Retailer For Upcoming Legends Mall In Dubailand

The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.

Dubai’s Budget Airline Flydubai Begins Chennai Flights

The carrier will operate three flights per week to Chennai.

Dubai’s DP World To Buy Canada’s Fairview Container Terminal For $457m

The terminal, in Prince Rupert, British Columbia, has a capacity of 850,000 twenty-foot equivalent unit (TEU).

Dubai Bank CBD To Buy $817m Of UAE Company Loans From RBS

The portfolio of loans was mostly to large United Arab Emirates-based companies.

Dubai Ranked Second Globally For Prime Rent Growth In 2014

The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.

Kuwait’s NBK Sets Price Guidance For Capital-Boosting Bond

The lender has set price guidance for the bond, which will boost its Tier 1 — or core — capital, at 5.875 per cent on Wednesday.

Dubai Developer Al Barari Launches Luxury Villa Project, The Nest

The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.

Dubai Islamic Bank Makes Offer For Remaining Tamweel Shares

The bank currently holds 86.5 per cent of Tamweel.

New Supercar Making Facility in Dubai To Start Production In 2016

W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.

Hunger Games-Inspired Zone To Open In Dubai Parks And Resorts Project

The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.

Dubai’s Arabtec Says Appoints CEO For Its Construction Unit

Raja Ghanma has been promoted from chief operating officer to CEO of Arabtec Construction, Arabtec Holding said in a bourse filing.

Dubai’s Drake & Scull Proposes No 2014 Dividend

The company’s profit fell to Dhs100.7 million ($27.42 million) in 2014 from Dhs166.5 million a year earlier.

Dubai Developer Damac Says Sales Boosted By Foreign Buyers

Ziad El Chaar said the momentum in the property market was being driven by foreign buyers, both those living in Dubai and abroad.

Dubai’s ENOC Appoints New CEO

Saif Humaid Al Falasi will replace Saeed Al Khoory, who has served as ENOC’s CEO since 2007.

Dubai Airport Passenger Traffic Rises 5.3% In Feb

Passenger numbers climbed to 5.97 million in February from 5.68 million a year earlier.

Dubai Property Prices Fell Slightly In Jan, Feb 2015 – Report

Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.

Emirates Amends Cockpit Policy Post Germanwings Crash

The new policy will require two crew members to be present at the cockpit at all times.

Foreign Direct Investment Flows To Dubai Reach Dhs28.6bn In 2014

The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.

Prince Bishop Wins Dubai World Cup

Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.

Borse Dubai Rules Out Nasdaq OMX Group Stake Sale

The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).

Borse Dubai Says Sold Complete Stake In London Stock Exchange

The firm had been the biggest single shareholder in the LSE prior to the sale.

Dubai Launches Second Phase Of Healthcare City Project

The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.

Borse Dubai Selling Stake In London Stock Exchange -Source

Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.