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Nakheel Leases Beachfront Space For 17 F&B Outlets On Palm Jumeirah

The spaces are available in Azure Residences and Club Vista Mare, two beachside residential and recreational projects.

UAE’s Etisalat Q3 Net Profit Rises 22%

Almost half of Etisalat’s third-quarter revenue came from its international operations.

Exclusive First look: Sheraton Grand Hotel Dubai

Fifth Sheraton in Dubai has World Trade Centre delegates firmly in its sights

UAE Consumer Confidence Up, Ranks 5th Most Bullish Globally In Q3 – Nielson

Consumers are mainly upbeat about future job prospects, the Nielson survey found.

Dubai Investments Plans Investments In Education, Healthcare

The group is is in advanced talks to set up a university and a school as part of its strategy in expanding into education and healthcare sectors.

Soccer-Real Seal Strategic Partnership With Abu Dhabi’s IPIC

The agreement includes setting up Real museums and expanding their soccer schools around the world, as well as creating content for digital media platforms, IPIC said.

Damac Extends Size Of Mega Shopping Strip In AKOYA

The Drive at AKOYA will be extended to 2.5 kilometres from its initial length of 1.3 kilometres due to demand, the luxury property developer said.

Sanofi Expands Generic Drug Range Through Stake In Dubai’s Globalpharma

Globalpharma will produce anti-infective, cardiovascular and gastrointestinal drugs for the Middle Eastern market, following its acquisition by Sanofi.

GGICO, Orion Holdings JV Launch Residential Project In Dubai

Platinum Residences, in Dubai Silicon Oasis, will comprise of two towers, featuring 200 apartments and will be completed by April 2015.

National Bank Of Abu Dhabi Q3 Net Profit Rises 32%

NBAD made a net profit of Dhs1.37 billion ($373 million) in the three months to Sept. 30.

Macy’s To Open Its First International Store In Abu Dhabi

The Abu Dhabi Macy’s will span about 205,000 square foot while the new Bloomingdale’s, the UAE’s second, will be spread across 230,000 square foot.

Abu Dhabi’s Al Jaber Group Wins $700m Building Contract

The project which includes 1,920 residential units for Adnoc staff in Ruwais is scheduled for completion in two years.

Dubai’s DIFC To Meet Investors For Dollar Sukuk Issue; Picks Four Banks

The company has picked Dubai Islamic Bank, Emirates NBD, Noor Bank and Standard Chartered for the sukuk sale, according to the document.

Flydubai Set For Mumbai Launch

Airline won’t be able to compete with Emirates on scheduling but will on price

Dubai’s DP World Q3 Gross Volumes Rise 9%

Consolidated volumes, at terminals over which DP World has control, rose 8.8 per cent to 7.3 million TEU.

UAE Telco du Posts 18% Rise In Q3 Profit

The firm made a net profit of Dhs558.7 million ($152.11 million) in the three months to Sept. 30.

Emirates Starts Budapest Flights

New route enhances Hungarian capital’s connectivity to eastern markets

Sheikh Mohammed Announces New Projects Worth Dhs4.5bn In Dubai’s Internet City And Media City

The projects will be built over five years and will include 10 million square feet of space for innovation complexes, technology laboratories and smart buildings.

Emaar Chairman Alabbar Welcomes Talk Of Dubai Property Market Slowdown

The International Monetary Fund also said on Monday that rises in Dubai property prices had moderated, and were now less of a concern.

UAE’s First Gulf Bank Q3 Profit Rises 20%, Beats Estimates

The lender made Dhs1.43 billion in the three months to Sept. 30.

Dubai Financial Market Q3 Net Profit Rises 85%

DFM made a net profit of Dhs153.5 million in the three months to Sept. 30.

Emaar, Dubai Holding To Develop World’s Tallest Twin Towers In Creek Project

The mega development, spread across six million sq metres, will include residences, integrated transportation systems, and green open parks.

Dubai Airport Passenger Traffic Up 9.9% In September

Dubai International Airport also saw a growth in traffic during the first nine months in 2014, which reached 52 million compared to 49 million during the same period last year.

Dubai’s Aramex Posts 16% Rise In Q3 Net Profit

Third-quarter revenue rose to Dhs922 million, up 12 per cent year-on-year.

Dubai Lender Mashreq Q3 Net Profit Rises 26%

The lender made a net profit of Dhs596.8 million ($162.5 million) in the third quarter of 2014, up from Dhs473.2 million from the same period last year.

Hard Rock Hotel To Open In Dubai Marina

The hotel, being developed in partnership with Abu Dhabi Financial Group and real estate developer Sheffield Holdings, will be situated in Marina 101 in Dubai Marina.

IMF Retains GCC Growth Forecast But Warns Of Weak Fiscal Balance

The fund has warned that fiscal balances across the GCC and other Middle Eastern countries will deteriorate if the policies continue to remain unchanged.

IMF Says Less Concerned About Dubai Property Prices

A senior IMF official said that risks in Dubai’s real estate market seems to have decreased partly due to the measures taken by the government in limiting speculative buying.

UAE’s Union National Bank Q3 Profit Rises 22%, Beats Estimates

The bank made a net profit of Dhs552 million ($150.3 million) in the three months to September 30, up from Dhs454 million in the corresponding period of last year.

Dubai Investments Q3 Profit Rises 17.4%

The conglomerate said its net profit was Dhs189.1 million ($51.5 million) in the third quarter, compared with Dhs161.1 million in the same period of 2013.