Home UAE Dubai

Dubai

Dubai’s Al Khaleej Says Has Enough Raw Sugar For This Year

The sugar refinery has 1.5 million tonnes of raw sugar, either stockpiled at the refinery or on its way to the refinery.

Dubai Police Says Efforts On To Ensure Tight Security For Expo 2020

The mega event is expected to welcome 25 million visitors, with the majority of them coming from overseas.

Dubai Investments Says Approves 60% Purchase Of Al Mal Capital

Dubai Investments previously said that it was close to two acquisitions, worth a combined value of Dhs400 million ($109 million).

DWC To Build Dhs120m Aerospace Supply Chain Facility

The facility will cater to the small and medium companies in the global maintenance, repair and overhaul (MRO) sector.

CEO Predictions 2015: Shayne Nelson, Group CEO, Emirates NBD

The outlook for UAE banks in the near to medium term remains favourable, writes Nelson.

Dubai Shares Post Fifth Monthly Drop As Oil Curbs Risk Appetite

The DFM General Index retreated 2.6 per cent in January.

UAE Bank FGB Q4 Net Profit Rises 13%, Beats Analyst Forecasts

The bank made a net profit of Dhs1.55 billion ($422 million) for the last quarter of 2014.

Aster DM Healthcare Group To Invest Dhs500m In GCC By 2017

The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.

Dubai’s Tecom Investments Launches Phase Two Of Villa Lantana For Sale

Construction of the villa project has already begun and it is due for completion at the end of 2015.

Emirates To Fly A380s To Dusseldorf And Madrid

Emirates’ superjumbo network in European grows to 13 points

Henkel Named Dubai Lynx Advertiser Of The Year For 2015

The company won five golds and a grand prix during the Dubai Lynx awards last year.

Dubai’s Drake & Scull Wins $54m Engineering Contract

Drake & Scull Engineering will provide MEP services for an under-construction hotel and apartment complex.

Emirates Warns Of Currency Shifts Eating Into Fuel-Cost Benefits

The Dubai carrier is one of the few major airlines that does not hedge its fuel bill by buying future stocks of jet fuel to minimise the effect of price spikes.

Rents In Dubai May Fall Up To 10% In 2015; Rent Index Changes Mulled

The Dubai residential bubble has “deflated,” with transaction prices expected to fall up to 10 per cent this year, says JLL.

Dubai International Secures Spot Of World’s Busiest Airport In 2014

Authorities have forecast that 79 million passengers will travel through Dubai International Airport in 2015.

UAE’s Majid Al Futtaim Reports Pre-Tax Profit Growth Of 10% In 2014

The retail group said that it aims to double the size of its business within the next five years.

Regional Airlines Suspend Baghdad Flights After Airplane Shooting

Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.

Dubai-Luxembourg Firm Launches Islamic Factoring For SMEs

Tawreeq Holdings developed the concept over the past year and a half, aiming to give smaller firms a funding alternative to bank loans.

Bullets Hit Flydubai Passenger Jet At Baghdad Airport

An aviation official and a security official told Reuters that two passengers were lightly injured but the airline has denied such reports.

Emaar Properties Targets Q2 For $270m Egypt Unit Float

Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.

Dubai’s Al Maha Ranks Among TripAdvisor’s Top 10 Hotels For 2015

The desert resort ranked eighth among the world’s top 25 hotels as decided by TripAdvisor’s annual Travellers’ Choice awards.

Emirates Debates Lower Airfares On Dropping Oil Prices

Emirates has been studying the impact of lower oil prices since November and is likely to introduce new prices in April.

Majid Al Futtaim Inks Deal To Expand Juicy Couture In The Middle East

As per the deal, MAF Fashion will be the wholesale and retail distributor for the brand in the Middle East and will work towards opening more stores in the region.

Retreat Of Russian Shoppers Fails To Dent Dubai Retailers

Shopping malls recorded an 18 per cent increase in footfall during the first two weeks of the event compared to last year, according to the organisers of the festival.

Dubai Islamic Bank Targets 15-20% Loan Growth In 2015 – CEO

DIB’s net interest margin would stay at around 3.6 per cent in 2015, the bank’s chief executive said.

Dubai’s Residential Rents Surged 10% In 2014

Home prices in Dubai rose 15 per cent in 2014, with the last quarter seeing sluggish growth, a new report says.

Dubai’s Deyaar Q4 Net Profit Falls 43%

The company’s 2014 annual profit was Dhs281.9 million, up 82 per cent compared to 2013, it said.

Dubai Islamic Bank Q4 2014 Net Profit Rises 64.1%; Hikes Dividend

The bank’s net profit for 2014 was Dhs2.8 billion.

Unit Of Dubai’s Drake & Scull Wins $49m Contract

Gulf Technical Construction Co will provide civil, architectural and MEP services for a high-rise residential tower in Dubai.

Dubai Airspace Faces Temporary Shutdown Due To Unofficial Drones

Officials said that the drones were flown for recreational purpose by members of the public.