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Aster DM Healthcare Group To Open 3 New Hospitals In The UAE

The group is planning to construct two new hospitals in Dubai and one in Sharjah, having a joint bed-capacity of 270.

Dubai Mall Welcomes 75m Visitors In 2013, Up 15% From 2012

Emaar’s flagship mall also saw sales increase by 26 per cent last year.

McIlroy Willing To Take Risks To Win $2.5m Prize At Dubai Desert Classic

Organisers of the tournament are offering a $2.5 million prize for a hole-in-one.

Dubai Holding Unit Sells Land To MAF

TECOM Investments sold one million square feet of land at its International Media Production Zone.

Arabtec Expands Into Iraq With Baghdad Office

The Dubai firm has started looking for candidates for senior management posts including for the position of CEO.

Dubai Islamic Bank Q4 Net Profit Up 66.2%

The bank made Dhs518 million in Q4 2013, up from Dhs311.7 million in the corresponding period the year before.

Dubai International Handled 66.4m Passengers In 2013

Opening of Concourse A and flydubai’s ongoing expansion spurred 15.2 per cent annual growth.

GEMS Education To Build More Schools As Market Booms

GEMS is aiming to create 10,000 new school places a year with most in the UAE.

Emirates To Move To New Dubai Airport After 2020

Emirates currently has a terminal dedicated to its A380 fleet at Dubai International airport.

Dubai’s Health Insurance System Brands As ISAHD

Every insurance firm looking to provide health cover in Dubai will have to secure a permit, the DHA said.

New Initiative Launched To Support Female Entrepreneurs

The new initiative Ro’Ya will help boost the rate of female entrepreneurship in the UAE, experts said.

Viceroy Dubai Palm Jumeirah secures $201m Funding

Industrial and Commercial Bank of China marks its first project financing deal for a hospitality project in the Middle East

Dubai Prime Home Price Growth Slows On State Cooling Measures

Dubai doubled the registration fee charged on real estate transactions to four per cent last year.

Dubai’s Ruler Sets Up New Body To Promote Brand Dubai

The body will be tasked with promoting the emirate as a prime destination for tourism, business, trade and entertainment.

Emirates NBD Comfortable With State Exposure – CEO

ENBD’s loans to Dubai government consist of Dhs91 billion out of a total loan book of Dhs238.3 billion.

MAF To Invest Dhs3bn In Dubai Over 5 Years

The UAE-based conglomerate reported revenue of Dhs23 billion for 2013.

Dubai’s Emirates NBD Misses Q4 Profit Forecast

A 26 per cent rise in net interest income was offset by a 40 per cent year-on-year jump in impairment allowances.

Dubai’s Mashreq Posts 38% Rise In 2013 Net Profit

The bank’s profit was boosted by a rise in net interest income and net fee and commission income.

Infiniti Middle East 2013 Sales Up 29%

A new Infiniti showroom with full dealership facilities is planned for Mohammed bin Zayed road in Sharjah.

Emaar Launches Rasha Villa Project in Dubai’s Arabian Ranches

The Spanish-style community will include 140 villas.

Dubai Tram To Boost Property Prices In Marina

Dubai Marina has recorded a sharp upturn in investor appetite owing to its proximity to the tram.

Emaar Properties Appoints Abdulla Lahej As Group CEO

The Dubai developer confirms departure of Low Ping as group CEO, says she will remain advisor to chairman Alabbar.

Dubai Issues Regulations For Upcoming Tramway System

New resolution details fines for punishable traffic violations once tramway is operational.

Dubai Confirms Final Deal On $10bn Debt Restructuring

Lenders agreed to restructure about $6 billion of bank facilities while $4 billion will be repaid after bank creditors are satisfied.

Dubai Exports Opens New Mumbai Office

The Dubai Exports office in India is expected to boost the visibility of goods and services from Dubai.

Dubai’s Emaar Quietly Replaces CEO Low Ping

The firm appointed Abdulla Lahej as her replacement, industry sources said.

Emirates To Operate Double Daily A380 Services To Moscow

The airline’s second jumbo A380 jet will begin services to the Russian capital from August 1, 2014.

Dubai’s DEWA Opens Dhs500m Warsan Complex And Al Qusais Control Centre

The new centre will maintain the required electricity reserve for emergency cases and monitor quality indicators and network performance.

Helicopter Crashes On Dubai’s Palm Jumeirah Island

The two passengers on board sustained “moderate to critical injuries” confirm officials.

Dubai’s Arabtec Expands, Opens New Headquarters In Belgrade

The new office will help the company expand its presence in the wider Balkan region.