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Ex-DIFC Exec Fined $7,500 For Falsifying Information

Tareck Fouad Farah was found guilty of issuing a letter containing false information.

Dubai’s Revamped Al Ghurair Centre To Open On Oct 1

The Deira-based mall will feature over 130 new stores including Marks & Spencer, Mango and Omega.

Arabtec Hikes Worker Salaries By 20% Following Wage Strike

Arabtec has raised the salaries of 36,000 workers across its projects nationwide.

Emirates Opens VIP Lounge At Bernabéu Stadium

Exclusive lounge enables guests to unwind before, during and after games.

Nakheel Sells Homes Worth $125m In New Project

Dubai has been recovering from a real estate crisis and property prices have begun to rebound.

Dubai Stock Market Surges To 5-Year High On Heavy Buying

Dubai’s benchmark advanced 1.2 per cent to 2,771 points, its highest finish since November 2008

Dubai Only City That “Deserves To Win Expo 2020”- Senior Official

The Expo 2020 winning bid will be announced in November this year.

Tax Breaks For Dubai’s Three And Four Star Hotels

The tax exemption, covering the 10 per cent municipality fee, will extend to applications over the next three years.

3,200 UAE Students Enrolled In UK Universities

The UAE’s booming private education sector has attracted many UK universities to setup affiliate campuses in Dubai.

Government Debts Affect Dubai’s Business Confidence

According to the IMF, Dubai’s total debt stands at $142 billion, or around 102 per cent of its GDP.

UAE’s First REIT Plans IPO On Nasdaq Dubai

Emirates REIT, formed in 2010, has income-generating assets worth 770 million dirhams.

Emirates Has “Work To Do” On Boeing 777X Price Negotiation

Emirates is the largest operator of Boeing’s twin-engined 777 jetliner and is looking at a more fuel efficient version to introduce around 2020.

Majid Al Futtaim Waits For Stability In Egypt, Syria

MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.

Dubai Stock Investors Place World Expo Bets Ahead Of Vote

Dubai is competing with Izmir in Turkey, Sao Paulo in Brazil and Yekaterinburg in Russia for the right to host the 2020 world’s fair.

Dubai, China Sonangol Sign MoU To Build Oil Refinery

Dubai-based Noor Investment Group will act as the financial advisor to Dubai’s Supreme Council of Energy on the project

Dubai Hikes Real Estate Fee To Fight Speculation

The registration fee charged for real estate transactions has been raised to four per cent from two per cent.

UAE’s Airport Retail Industry Rakes In Revenues

The UAE’s airport retail sector has benefitted heavily from increased passenger traffic in the country.

Sony Launches 20.7MP Camera Smartphone Xperia Z1 In Dubai

Sony’s latest smartphone, available in black, white and purple, is priced at Dhs2,749 in the UAE

Dubai: The Makings Of A New Property Bubble?

As Dubai’s property market returns to its boom days, experts urge government intervention to prevent another bust.

Exclusive: Emirates To Have 43 A380s By Year-End – President Tim Clark

The Dubai-based airline has new routes coming up, says Emirates president Tim Clark.

US-Based Mooyah Fast Food Chain Launches In The UAE

The restaurant will be owned and operated by franchise partner Awgal investments and Menfex, the brand developer for Mooyah.

Dubai’s Union Properties To Seek Foreign Ownership Increase

Currently, non-UAE nationals can own up to 15 per cent of the developer

New MBC Bollywood Channel To Launch In October

The channel will feature series and movies from India’s movie hub.

Hakkasan To Open Palm Jumeirah Resort

Abu Dhabi-owned nightlife and restaurant brand diversifying into hospitality with work on Dubai beachfront resort set to start next year.

Dubai Working On Rules To Avert Property Bubble

With Dubai’s apartment prices up around 20 per cent on last year, the International Monetary Fund has warned of the danger of another bubble.

Dubai Not In Refinancing Talks With Abu Dhabi

Dubai’s companies are ‘doing well and can take care of their own debt’ according to Sheikh Ahmed bin Saeed al-Maktoum.

Gulf Business Awards Pictures: The Red Carpet Attendees

The who’s who of UAE business graced the glittering Gulf Business awards function.

Gulf Business Industry Awards 2013: Special Individual Winners

Revealed: The winners of the Lifetime Achievement Award, UAE Company of the Year, Gulf Business CEO of the Year, Innovator of the Year, Entrepreneur of the Year, Businesswoman of the Year and the Special CSR Award.

Gulf Business Industry Awards 2013: CEOs Of The Year

The winning CEOs of the year from media, IT, energy, tourism, retail, education, real estate, aviation and banking.

Spain’s La Liga Opens Dubai Office

The top Spanish league looks to strengthen its ties with the region as it seeks more Middle East sponsors.