Home GCC UAE

UAE

Nakheel Awards Dhs146m Construction Contract For Jumeirah Islands

Metac General Contracting has won the contract to build 84 townhouses and a new retail centre within the new development.

New Carrefour Opens In Burjuman Following Renovation

The store is the first to open for business in the mall’s renovated North Wing.

Kuwait’s Khorafis Win Dubai Judgement Vs Bank Sarasin

No figure for compensation was set but the family has been claiming over $26.5 million.

UAE Tells Citizens To Avoid Central London Areas Due To Crime

The warning comes after two violent attacks on Emirati tourists in the UK capital this year.

Nakheel Repays All Dhs7.9bn Bank Debt Four Years Early

The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.

Jeff Singer Resigns As CEO Of Dubai Financial Zone Authority

Singer was appointed CEO in July 2012, after four years as CEO of the Nasdaq Dubai bourse.

Sony Launches ‘World’s Most Waterproof Phone’ Xperia M2 Aqua In UAE

The mid-range phone, priced at Dhs1299, comes with most of the same features as the Xperia M2.

Just Falafel CEO Fadi Malas Resigns

Malas is leaving to pursue new opportunities in the SME sector, the company said.

New Traffic Diversion On JBR Street Ahead Of Dubai Tram Launch

The one-km-long diversion, expected to last for a month, will be the final one ahead of the Dubai Tram launch in November.

Dubai Duty Free Reprices $1.75bn Loan For Second Time

The six-year loan, originally signed in July 2012, was split between dirham- and U.S. dollar-denominated tranches.

Damac Launches New Mega Project, AKOYA Oxygen, In Dubailand

The new development, spread over 55 million sq ft, will include residential property surrounding a championship golf course.

Dubai Creates New Fund Class To Lure Asset Managers

The qualified investor funds (QIFs) can be offered only to experienced professional investors and require less regulation.

UAE’s NMC Health Lifts Profit 27% On Higher Occupancy

Outpatient numbers grew by nearly 14 per cent and in-patient numbers by 12 per cent during the first half of the year.

Value Of Construction Projects In The UAE To Hit $315bn In 2014

Megaprojects in the pipeline and the ramping up of social infrastructure spend is boosting the market, says new report.

Apple Plans Flagship Store In The UAE

US-based company has posted advertisements for several positions in the UAE.

Air Arabia Launches Flights To Chittagong, Bangladesh From Ras Al Khaimah

The low-cost carrier will operate three flights per week from its new hub in Ras Al Khaimah to Chittagong from September 2.

Nakheel Awards Dhs59m Infrastructure Contract For Al Furjan

Dubai-based Ghantoot Road Contracting has won the contract to undertake infrastructure work in Al Furjan Phase 2.

Omani Hotel Guests in Dubai Rise 12% in H1 2014

Up to 163,000 visitors from Oman stayed in Dubai’s hotels during the first half of this year.

Nigerian Who Died In UAE May Have Shown Signs Consistent With Ebola

The 35-year-old woman was travelling to India from Nigeria via Abu Dhabi to seek treatment for advanced cancer.

Infertility Tops Treatment Procedures For Medical Tourists in Dubai

Other popular medical tourism procedures included cosmetic, dental, cardiac, and orthopaedic procedures, treatments or tests.

HTC Launches Affordable Models – Desire 516, Desire 616 In UAE

The 516 is priced at Dhs799, while the 616 retails for Dhs949.

Over 99% Of UAE Firms Comply With Midday Work Ban – Labour Ministry

Inspection by the ministry found that only 56 out of 44,835 establishments violated the ban.

MAF Says Phase 1 Of City Centre Me’aisem In Dubai To Open By 2015

The first phase of the new shopping mall – located in IMPZ – will feature 60 international outlets.

On The Fast Lane With The Boss Of Ferrari World Abu Dhabi

Jesse Vargas discusses how he is fast-tracking the growth of the world’s only Ferrari –branded theme park.

Fire Destroys Dubai Marina Restaurant Boat

Authorities are still investigating the cause of the blaze.

Emaar Says No Decision Yet On Timing Of Malls Unit IPO

The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.

New UAE Visa Rules Will Boost Cruise Tourism In Dubai – Official

Under the new ruling, cruise tourists can get a multiple entry tourism permit for Dhs200.

DIFC Investments Plans Sukuk Issue

Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.

UAE’s Air Traffic Slows Down In July

The decline in traffic was mainly due to the upgrade work at Dubai International Airport that lasted for 80 days, the UAE’s aviation authority said.

Abu Dhabi Airport’s Passenger Traffic grows 19% In H1

Passenger traffic at Abu Dhabi International airport is expected to be higher still in the second half of this year, an official said.