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Dubai Airport Traffic Cut By Runway Work In June

Passenger traffic through Dubai’s main airport dropped 8.5 per cent from a year earlier in June to 5.07 million people.

Dubai Islamic Bank Records 59.6% Q2 Profit Gain

DIB’s earnings were boosted by a 34.5 per cent increase in income from commissions, fees and foreign exchange.

DP World H1 Gross Container Volumes Up 10.7%

Volumes were boosted by new business at its London Gateway facility and Embraport in Brazil.

Dubai’s Emirates NBD Q2 Net Profit Jumps 34.8%, Beats Estimates

The lender made a net profit of Dhs1.31 billion in the three months to June 30.

Dubai’s Marka To List Shares In Mid-September

Marka’s listing would be the Dubai Financial Market’s first flotation for five years.

Dubai Records Real Estate Deals Worth Dhs113bn In H1 2014

Real estate deal value in Dubai fell to Dhs52 billion during the second quarter of this year from Dhs61 billion in the first quarter of 2014, official figures reveal.

Dubai Developer Deyaar Q2 Net Profit More Than Doubles

The company made a quarterly consolidated net profit of Dhs62.5 million ($17 million) compared with Dhs27.3 million in the corresponding period in 2013.

Flydubai To Start Flights To Mumbai From October

The low-cost carrier will operate direct flights to the Indian city five times a week from October 28.

Dubai’s Majid Al Futtaim Says H1 Revenues Jump 14%

The firm made Dhs12.8 billion ($3.5 billion) in the six months to June 30, it said in a statement.

Dubai’s Rents Up Almost 50% During Last Two Years- CBRE

Residential rents in Dubai grew 20 per cent year-on-year during the second quarter of 2014, with apartments seeing the strongest rise, a CBRE report says.

Four Seasons Dubai Targets December Launch

The 14-acre luxury resort, located in Jumeirah Beach, features a Spanish-Mediterranean feel with Arabian accents.

Dubai’s RTA Says First Batch Of NOL Cards Issued In 2009 To Expire By Aug

Public transport users can use their expiring NOL cards until they finish their balance amount, RTA said.

UAE Lender NBAD Posts 17.5% Q2 Net Profit Gain, Beating Forecasts

NBAD made a net profit of Dhs1.42 billion ($386.6 million) in the three months to June 30, the bank said in a statement.

Dubai’s Damac Says New Loretto Project Sells Out In One Night

The Loretto project, which has nearly 300 luxury apartments, is located in Damac’s flagship AKOYA development.

Dubai International Airport Resumes Full Operations After Runway Upgrade

The number of flights to the airport surged 31 per cent with the opening of both the runways, Dubai Airports said.

Stock News: UAE Slips As Arabtec Continues To Drop

Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.

UAE’s Second Tallest Tower Is 80% Complete, Says Developer

The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.

Dubai Says Will Have Disabled-Friendly Parks By 2016

Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.

Stock News: Arabtec Plunges Again, Drags Dubai Down Further

Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.

Arabtec’s Board To Meet On July 24 To Review Q2 Results

Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.

Emirates To Start A380 Mumbai Flights

The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities

RTA Begins Diversion Works On Sheikh Zayed Road For Dubai Canal Project

The first phase of traffic diversion will take place in the Dubai-Abu Dhabi direction near Safa Park, RTA said.

Dubai’s Property Prices Grow 36% Y-O-Y In Q2 But Market Slowing, Says JLL

Residential rents in the emirate also rose 24 per cent year-on-year during the second quarter of 2014, according to a JLL report.

Stock News: Arabtec Tumbles, Weighs On Dubai

Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.

Dubai Bank ENBD Repays Final $1.1bn Of 2008 Government Support

The lender had repaid the rest of its total Dhs12.6 billion of support in 2013.

Aabar Says Arabtec Talks Would Be Confidential

Aabar’s statement followed media reports last week that said the fund was in talks to buy at least part of the 28.85 per cent stake owned by Arabtec’s former chief executive Hasan Ismaik.

Nakheel Launches New Mega Villa Project In Dubai

The project, which has an estimated construction value of Dhs2.5 billion, is expected to be completed by 2016.

Emirates Suspends Kiev-Bound Flights

The airline said the flight ban to Kiev would remain in effective until further notice.

UAE Private Equity Firms Ithmar Capital, Gulf Capital Planning IPOs

The economic rebound seen both locally and internationally has seen deal-making revived in the last two years, with many now divesting stakes and looking for new opportunities.

Dubai’s Godolphin Sets Up Permanent Stable In Australia

The racing stable has appointed John O’Shea as the head trainer for its unit in Australia.