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Exclusive: MAF Properties CEO George Kostas On Dubai’s Retail High

In an exclusive interview, George Kostas elaborates on the future of the company.

Dubai Ranks Among World’s Top 10 Most Influential Cities – Forbes

The emirate ranked seventh on the list, beating Los Angeles, Beijing and Sydney.

How To Set Up A Business In Dubai

All the information you need to get up and running with your venture in one of easiest places in the world to do business in.

Nakheel Awards Dhs146m Construction Contract For Jumeirah Islands

Metac General Contracting has won the contract to build 84 townhouses and a new retail centre within the new development.

New Carrefour Opens In Burjuman Following Renovation

The store is the first to open for business in the mall’s renovated North Wing.

Kuwait’s Khorafis Win Dubai Judgement Vs Bank Sarasin

No figure for compensation was set but the family has been claiming over $26.5 million.

Nakheel Repays All Dhs7.9bn Bank Debt Four Years Early

The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.

Jeff Singer Resigns As CEO Of Dubai Financial Zone Authority

Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.

New Traffic Diversion On JBR Street Ahead Of Dubai Tram Launch

The one-km-long diversion, expected to last for a month, will be the final one ahead of the Dubai Tram launch in November.

Dubai Duty Free Reprices $1.75bn Loan For Second Time

The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.

Damac Launches New Mega Project, AKOYA Oxygen, In Dubailand

The new development, spread over 55 million sq ft, will include residential property surrounding a championship golf course.

Dubai Creates New Fund Class To Lure Asset Managers

The qualified investor funds (QIFs) can be offered only to experienced professional investors and require less regulation.

Nakheel Awards Dhs59m Infrastructure Contract For Al Furjan

Dubai-based Ghantoot Road Contracting has won the contract to undertake infrastructure work in Al Furjan Phase 2.

Infertility Tops Treatment Procedures For Medical Tourists in Dubai

Other popular medical tourism procedures included cosmetic, dental, cardiac, and orthopaedic procedures, treatments or tests.

MAF Says Phase 1 Of City Centre Me’aisem In Dubai To Open By 2015

The first phase of the new shopping mall – located in IMPZ – will feature 60 international outlets.

Fire Destroys Dubai Marina Restaurant Boat

Authorities are still investigating the cause of the blaze.

Emaar Says No Decision Yet On Timing Of Malls Unit IPO

The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.

New UAE Visa Rules Will Boost Cruise Tourism In Dubai – Official

Under the new ruling, cruise tourists can get a multiple entry tourism permit for Dhs200.

DIFC Investments Plans Sukuk Issue

Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.

Gulf Investors Pour Dhs19bn Into Dubai’s Property Market In H1 2014

Emiratis accounted for the largest share of investment in Dubai’s real estate market- almost double the amount invested by other GCC nationals.

Dubai’s Damac Q2 Profit Up 18% As Property Sales Rise

The developer booked sales of $1.68 billion in the first half of 2014, up 75 per cent from a year earlier.

Emirates Signs $425m Loan For Two A380 Jumbo Jets

The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.

Dubai Tram Launches Trial Operations

The tramway project is slated to officially launch in November this year.

Emirates Flight Faces Engine Fire While Landing In Boston

The fire was quickly put out and all 349 passengers and 19 crew safely disembarked at the airport.

Sheikh Mohammed’s Social Media Followers Cross Six Million Mark

Dubai ruler’s Twitter followers crossed three million while his Facebook fans amounted to two million along with a million followers in both Instagram and Google+.

Germany’s Doner Kebab To Invest Dhs20m In Dubai Expansion

The company is also building a factory in Dubai to keep pace with its growth plans in the region.

Dubai’s Emicool Gets $245m Financing For Expansion

Emicool, a venture between Dubai Investments and Union Properties, plans to expand into Saudi and Qatar in coming years.

Dubai’s Drake & Scull Q2 Net Profit Drops 41%

The company made a profit of Dhs25.88 million ($7.05 million) in the three months to June 30.

The Arabtec Question

Shares of Dubai-based construction firm Arabtec’s went on a roller-coaster ride last month, taking the wider Dubai Financial Market down with it. What went wrong?

Emirates To Increase Services To Morocco

The Dubai-based carrier will add a second daily service to Morocco from September.