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Dubai’s Non Oil Foreign Trade Reaches Dhs1.33trn In 2014

China was Dubai’s top trading partner last year, followed by India and the US, official figures show.

Dubai Builder Arabtec Wins $283m Contract From Saudi Aramco

Arabtec said it would complete the project in Al Dhahran within 28 months.

Secured Creditors Of Espirito Santo Dubai Unit To Get 82.7% Payout

Unsecured creditors of the Dubai arm of the Espirito Santo empire will get none of the $14 million they are owed.

Aldar Sells 281 Land Plots In Abu Dhabi’s Khalifa City

The company generated around Dhs600 million in revenues from the sale of land plots.

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UAE’s Ras Al-Khaimah May Print 10-Year Sukuk As Early As Tuesday

Ras Al-Khaimah is planning a benchmark size offer, traditionally understood to mean upwards of $500 million.

Emirates Airline Sets Guidance For $913m UK-Guaranteed Sukuk

The initial guidance for the senior unsecured ten-year sukuk issue is at around 100 basis points over midswaps, a document showed.

Dubai-Based Souq.com Plans 3-Day Mega Sale, Expects 7m Visitors

The sale, set to run from March 29-31, will have 2,500 product deals on offer.

Abu Dhabi Airport Passenger Traffic Up 21.5% In February

The airport saw nearly 1.7 million visitors in the month of February, authorities said.

Dubai’s Arabtec Seeks To Sell Four Saudi Units, Eyes Kingdom Expansion

Arabtec’s board has approved disposing of Arabtec Saudi Arabia, Arabtec Construction Machinery, Saudi Austrian Arabian Ready Mix Co and EFECO Saudi.

Dubai’s DP World Signs Deal To Develop Ports, Logistics Industry In Maldives

The Dubai-based ports operator said it will help Maldives develop infrastructure, logistics and transport links.

UAE’s Ajman Bank Agrees $155m Syndicated Islamic Loan

The deal consisted of a hybrid murabaha and wakala structure with a two-year lifespan.

Dubai Holding Unit’s 2014 Profit Rises 42%, Still Eyes Telco Sales

The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.

Nakheel Launches Tender For New Mall At Jumeirah Village Triangle

The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.

Stock News: Gulf Markets Mixed; Arabtec Dampens Dubai

Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.

UAE Wins Hosting Rights For FIFA Club World Cup In 2017, 2018

The tournament is held in mid-December every year and was earlier hosted by the UAE in 2009 and 2010.

Dubai’s Arabtec Swings To Q4 Loss, Blames High Expenses

Non-recurring general and administrative expenses jumped 75 per cent to Dhs749.9 million last year.

US, UAE Move Forward On Space Cooperation

The two countries will focus on issues such as space policy and regulatory developments, space security and space science cooperation.

Sri Lanka Says Rajapaksa Officials Stashed Over $2bn In Dubai

The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.

The War For Talent: The Ugly Side Of UAE’s Healthcare Boom

With a number of hospitals and clinics starting up in the GCC, the war for medical talent has begun.

UAE’s Etihad Gets Rare Full Plane Financing For A380 Superjumbo

The financing from a group of Korean institutional investors is structured as a 15-year, fixed coupon full-payout lease.

Thales Eyes Local Mega Rail Deals In Gulf

The firm is bidding for the second phase of Etihad Rail project, a senior official said.

Emaar Foundation, Awqaf Launch Dhs25m Residential Project

Rental returns from the eight-storey tower in Al Warqa will be allocated to the Al Noor centre in Dubai.

Etihad, Universal Unveil Fast & Furious Branded Boeing 777 Airplane

The luxury aircraft will be used to promote the upcoming action flick, ahead of its launch in April.

Twitter To Open Dubai Office

The website has a constantly growing user base with 76 per cent of social media users in the Middle East and North Africa region using it regularly.

Dubai’s Emaar Denies Rumours That Chairman Intends To Leave

Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.

Majority Of UAE Filipinos Prefer Property Investment In Metro Manila – Survey

An increasing number of Filipinos in the UAE are opting to buy property in their home country.

Dubai’s DP World Posts 11.8% Rise In 2014 Net Profit

The firm made a profit attributable to shareholders of $675 million compared with $604 million in the prior year.

UAE Recalls Envoy To Sweden Over Minister’s Comments On Saudi

The country also summoned Sweden’s ambassador to the UAE to deliver a formal protest against remarks made by the Swedish foreign minister.

Dubai World Unit, Port And Free Zone World, Completes $1.1bn Loan

The funds will be used to help the company meet commitments at the group and subsidiary levels.

Stock News: Gulf Markets Drop As U.S. Oil Hits 6-Year Low

Dubai’s index fell 3.6 per cent by Wednesday’s close to a 10-week low of 3,408 points.