Home UAE Dubai

Dubai

Drake And Scull’s Rail Division Wins Dhs35m Dubai Airport Contract

The firm will provide complete MEP works for the automated passenger mover system (APM), which will connect Concourse 4 of Dubai International Airport to Terminal 1.

Dubai Industrial City Launches Halal Cluster

Spread across nearly six million square feet, the cluster will provide a dedicated area for companies manufacturing halal products.

DEWA Commissions Dhs118m Substation At DAFZ

The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.

Dubai’s Arabtec In Talks To Buy Kuwaiti Firm -Sources

The deal, if completed, would be worth about Dhs2 billion ($545 million).

Emirates To Start Chicago Flights In August

The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway

Dubai’s Union Properties To Lift Foreign Ownership Cap To 25%

Foreigners currently own 4.35 per cent of the company, according to bourse data.

Emaar Launches New Luxury Apartment Complex At Dubai Hills Estate

Mulberry at Park Heights comprises of 330 apartments in close proximity to an 18-hole championship golf course.

Nakheel Confirms Repayment Of Dhs2.35bn Bank Debt

The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.

Sheraton Dubai Creek Hotel To Reopen In April After $50m Renovation

The hotel will offer 268 fully refurbished and brand new rooms and suites.

Almost 40% Of Dubai Firms Plan To Hire In Q1 2014

Dubai’s service and manufacturing firms are the most optimistic about hiring, according to a DED survey.

Venus Williams Claims Dubai Tennis Championship

This is the American’s first singles title since 2012.

Dubai Taxis To Accept Card Payments From February

An extra charge of Dhs2 will be levied on all credit and debit card payments while Nol card users will incur a Dhs1 charge.

Emirates Plane Causes Scare In Melbourne After Smoke Emerges From Tyres

Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.

Nakheel Says Retailers Book 40% Of New Mall On The Palm

The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.

Mashreq, Visa Launch 2014 FIFA World Cup Branded Cards

The branded credit and debit cards will introduce a new rewards programme for users.

Dubai’s Inflation Rate Edges Up In January

Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.

UAE Firm Eyeing ‘Big’ IPO On Nasdaq Dubai In 2014

The new listing could revive the struggling platform, says senior lawyer.

Dubai Agrees Roll-Over Of $10bn Crisis Debt To UAE – Sources

The emirate borrowed the money five years ago and the debt is due to mature next month.

Dubai’s Arabtec Says Its Unit Wins $272m Kazakh Contract

The Abu Dhabi Plaza development in Kazakhstan is under construction by a joint venture of Arabtec and Consolidated Contractors Co.

Emaar, Abdul Latif Jameel Create JV To Develop Projects In Saudi

The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.

Dubai’s Property Market Sees Strong International Investor Interest

Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.

New Abu Dhabi Finance Centre Appoints DFSA COO As Advisor

Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.

Nakheel Launches Luxury Residences At The Palm

Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.

Hotel Review: Ritz-Carlton, Dubai

The new Shorooq wing houses 148 rooms, while the new bar and pool offer a higher level of luxury and sophistication.

Dubai’s Mashreq Hikes Foreign Ownership Limit To 49%

Foreigners currently own two percent of the bank’s shares.

Dubai’s Emaar Q4 Net Profit Up 48%, Beats Estimates

The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.

Pictures: Mall Of The Emirates New Fashion District Launch

The Fashion District, unveiled on Monday, is the first phase of the mall’s Dhs1billion redevelopment programme.

Mall of The Emirates Unveils Fashion District, Eyes New Hotel

The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.

Dubai Introduces Cap For School Fees

Schools can raise their fees from five to seven per cent depending on their rating by the KHDA.

Nakheel Receives Six Construction Bids For New Mall On Palm Jumeirah

A construction contract for Nakheel Mall is expected to be awarded within three months.