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Etihad Cargo Launches Bespoke Services To Transport Horses

The new equine service, called SkyStables, is being rolled-out across Etihad Cargo’s network of 44 freighter destinations.

Gulf Investors Pour Dhs19bn Into Dubai’s Property Market In H1 2014

Emiratis accounted for the largest share of investment in Dubai’s real estate market- almost double the amount invested by other GCC nationals.

TAQA Ends Talks To Buy 50% Stake In Iraqi Kurdistan Power Plant

The Abu Dhabi-owned oil explorer and power supplier said that the project does not match the company’s growth strategy.

Ras Al Khaimah Sounds Out Banks For Syndicated Loan

The emirate also sent out requests for proposals for an Islamic bond deal in June.

Abu Dhabi’s TAQA Swings To Q2 Profit On Record Oil Production

TAQA reported a net profit of Dhs239 million ($65.1 million) for the second quarter compared with a loss of Dhs172 million a year earlier.

Abu Dhabi’s TAQA Says No Bond Issue Until 2017 At Earliest

The company said that it expects to pay 2016 maturities from improved operational cash flow and asset sales.

UAE’s Al Etihad Credit Bureau To Launch First Phase In September

The much-awaited bureau will begin to issue consumer credit reports to financial institutions next month, it said.

Dubai’s Damac Q2 Profit Up 18% As Property Sales Rise

The developer booked sales of $1.68 billion in the first half of 2014, up 75 per cent from a year earlier.

Emirates Signs $425m Loan For Two A380 Jumbo Jets

The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.

Gulf’s International Schools Whip Up $6bn In Fees

The UAE had 439 international schools in the second quarter of 2014- the highest number of international schools in the region- up from 433 in the first quarter.

UAE’s Al Noor Profit Jumps On Outpatient Treatments

Net profit rose to $44.5 million on revenue up 25 per cent to $224.8 million, the company said.

UAE Warns Citizens To Avoid Travel To Afghanistan, South Sudan, Somalia

The ministry of foreign affairs issued the warning citing security concerns in the three countries.

UAE’s RAK Ceramics Posts Dhs150m H1 Net Profit

Total revenues generated during the first half of this year declined by 4.4 per cent to reach Dhs1.66 billion compared to the same period last year, the company said.

Dubai Tram Launches Trial Operations

The tramway project is slated to officially launch in November this year.

Etihad Cargo To Launch Services To Moscow

The freighter business of Abu Dhabi carrier Etihad will operate twice weekly services to the Russian capital from August 13.

UAE Online Job Postings Surge 26% Annually In July

The banking and finance sector saw the largest year-on-year growth in online job postings in July, according to Monster.com.

VPS Healthcare To Open Cancer Research Centres In Dubai, Abu Dhabi

UAE–based VPS has partnered with Korea’s SSMH to establish cancer screening and treatment facilities across the country.

Emirates Flight Faces Engine Fire While Landing In Boston

The fire was quickly put out and all 349 passengers and 19 crew safely disembarked at the airport.

UAE Free Of Ebola Virus, Declares Health Ministry

A senior health official said that the precautionary measures taken by the UAE to prevent Ebola infections are sufficient.

Sheikh Mohammed’s Social Media Followers Cross Six Million Mark

Dubai ruler’s Twitter followers crossed three million while his Facebook fans amounted to two million along with a million followers in both Instagram and Google+.

Germany’s Doner Kebab To Invest Dhs20m In Dubai Expansion

The company is also building a factory in Dubai to keep pace with its growth plans in the region.

Dubai’s Emicool Gets $245m Financing For Expansion

Emicool, a venture between Dubai Investments and Union Properties, plans to expand into Saudi and Qatar in coming years.

UAE-Based ACC Wins Construction Contract For Emaar Square In Jeddah

Hand-over of the first offices to customers in Emaar Square, a commercial development in Jeddah, is scheduled for 2016.

Dubai’s Drake & Scull Q2 Net Profit Drops 41%

The company made a profit of Dhs25.88 million ($7.05 million) in the three months to June 30.

UAE’s Air Arabia Q2 Net Profit More Than Doubles

The airline said its second quarter net profit amounted to Dhs173 million ($47.1 million), up from Dhs76 million in the corresponding period in 2013.

Alitalia Secures Rescue With Long-Awaited Etihad Deal

In addition to Etihad’s investment, which will pay for a 49 per cent stake in the Italian carrier, shareholders also agreed to a 300 million euro capital hike.

The Arabtec Question

Shares of Dubai-based construction firm Arabtec’s went on a roller-coaster ride last month, taking the wider Dubai Financial Market down with it. What went wrong?

Alitalia Set To Seal Etihad Investment, Secure jobs

The deal foresees Etihad taking a 49 per cent stake in Alitalia and investing 1.2 billion euros ($1.6 billion) in the airline over the next three years.

Emirates To Increase Services To Morocco

The Dubai-based carrier will add a second daily service to Morocco from September.

Dubai’s Amlak Says Debt Restructuring Proposal Approved

The company said that it would shortly make an initial payment to creditors of approximately Dhs2 billion ($545 million), with the remaining debt to be paid over a 12- year period.