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Abu Dhabi Financial Zone Prepares To Receive Licence Applications

The launch of Abu Dhabi Global Market (ADGM) comes as the emirate seeks to diversify its economy away from oil and gas.

DWC Begins Work On New Executive Terminal For Business Jets

The 6,000 square metre terminal is scheduled to be completed in Q4 2015 and will host major operators such as Jet Aviation, XJet and Jetex.

Revealed: Top 10 Most Followed UAE Twitter Accounts

News outlet Al Arabiya tops the list with over six million followers for its breaking news Twitter handle.

Shares In Dubai Parks And Resorts Open Well Below IPO Price

The drop was a fresh sign of a collapse of sentiment among retail investors in Dubai, who have dumped stocks as oil prices have hit five-year lows.

UAE Court Convicts 11 For Helping Al Qaeda Affiliate

The 11 were accused of membership of al Qaeda’s Nusrah Front Syrian wing and another militant Syrian opposition group, Ahrar al-Sham.

Flydubai Targets Bratislava Expansion

Initially launching as a twice-weekly service, a third service will be introduced in January.

REVEALED: Top 10 Companies in UAE In 2014

The biggest listed businesses in the Emirates valued by market capitalisation.

Dubai’s World-Beating Skyscraper Now In Google Street View

The online pictorial map of the city allows users to navigate through several levels of the 830 metre tall Burj Khalifa.

Dubai Developer Revives Port City Project With $183m Tower

Dubai’s Omniyat broke ground on a 225-unit tower in Dubai Maritime City on Tuesday, which the developer valued at Dhs600 million ($163 million).

Market, Not OPEC, Will Determine Oil Price – UAE Official

Prices have fallen over 40 per cent since June and brent crude hit $65.33 a barrel on Tuesday, its lowest since September 2009.

Abu Dhabi Firm Buys London’s New Scotland Yard Building For $578m

The 600,000 sqft site, located in prime central London, will be redeveloped into a multi-use development.

Habtoor Group Launches Three New Dubai Projects Worth Dhs2bn, Says No IPO Plans

The projects include a polo resort and club, a new Metropolitan hotel and a residential villa development.

UAE’s Mulk Holdings Invests $40m In Nigeria’s Shopping Centre

The duty free shopping centre, situated in Lagos, is scheduled to be completed by 2016.

Tiger Woods-Designed Golf Course In Dubai To Be Built By Damac

The course will be operated by the Trump Organisation and will open by 2017, the developer said.

UAE To Activate $5.7bn China Currency Swap Soon

The agreement has been designed to facilitate two-way trade and investment.

Dubai Stock Index Ends Down 3.5%, Well Off July Low

The sell-off in Dubai and across the region came after the price of Brent crude hit a new five-year low of $65.33 per barrel.

Air Canada To Launch Direct Flights Between Toronto And Dubai

The three-times-weekly service will begin operating from November 2015.

Ferrari World Developer Gets Debt Help From Moody’s

Abu Dhabi’s Aldar Properties plans to extend maturities on its obligations, its chief financial officer Greg Fewer said.

UAE Forex Peg Here To Stay -Central Bank Official

UAE central bank official Saif al-Shamsi said that the Emirates will continue with its currency peg to the US dollar.

Abu Dhabi-Based Royal Jet To Double Fleet By 2020

The private jet operator aims to operate a fleet of 20 aircraft by 2020.

UAE Central Bank Studying New Rules For Bank Lending Against Shares

The UAE has been looking to tighten regulations of its bourses ever since a steep fall in stock market earlier this year.

Stock News: Dubai Plunges 4.2% As Oil Hits New Low

The main Dubai index drop almost neared its July low as panicky retail investors began selling off.

UAE’s Bank of Sharjah Plans To Refinance $200m Loan In Q1 2015

The bank is yet to decide whether to raise the amount to $250 million and whether to extend the tenor on the new facility to three or four years.

Abu Dhabi-Based Falcon Aviation Begins Work On $80m VIP Completion Centre

The facility, situated in Dubai World Central, is scheduled to be completed by 2015, the company said.

Stock News: Dubai Leads Losses As Oil Drags Gulf Down

Brent crude oil fell more than $2 a barrel on Monday to a new five-year low.

UAE Aircraft Parts Maker Strata Predicts Revenue Jump, Plans Expansion

The company aims to create at least 600 jobs when it opens a second plant in 2017.

Pictures: Waldorf Astoria Dubai Unveils Luxurious Royal Suite

Waldorf Astoria Palm Jumeirah reveals the details of its royal suite, the largest in Dubai.

Chocolate Maker Mars Invests $60m To Expand Dubai Factory

The facility will now have a new production line for Snickers, and employ 50 additional people.

Abu Dhabi Sees Rental Growth Slowdown In First Nine Months Of 2014

Freehold residential rents rose by 2.7 per cent between Jan-Sept, compared to nine per cent during the same time in 2013.

Dubai Parks And Resorts says Dhs2.5bn IPO Many Times Oversubscribed

Dubai Parks and Resorts will list its shares on the Dubai Financial Market on Wednesday.