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Nakheel Inks Dhs46m Contracts For Palm West Beach, Deira Islands Mall

The developer signed a Dhs6 million contract for a beachside entertainment complex in Palm Jumeirah and confirmed that it has signed the contract for Deira Islands Mall.

UAE Plans To Send Unmanned Probe To Mars By 2021

A new space agency is being created in the country to supervise the mission.

Exclusive: MAF Properties Planning Mixed-Use Project In Dubai

The project is expected to be launched in the next 12 months, confirms CEO George Kostas.

Sobha Group Launches $4bn Mixed-Use Project In Dubai

The project will comprise of residences, two international schools, nurseries, three hotels, mosques, a clubhouse, a retail centre and restaurants.

Emirates Flies A380s To Kuwait

At just one hour 45 minutes, the new flight will be Emirates shortest A380 route globally.

First Day Of Eid Al Fitr In UAE Expected To Fall On July 28

The Shawwal crescent moon is anticipated to form on Sunday, July 27, the Sharjah Planetarium has announced.

Lack Of Jobs Push UAE Grads To Entrepreneurship

The majority of fresh graduates in the UAE said that finding a job was a challenge in the current market.

Dubai’s DP World Signs $3bn Loan Deal – Sources

The new five-year facility is split between a $2.39 billion conventional loan and a $610 million sharia-compliant tranche.

Samsung Unveils Swarovski Encrusted S5 Cover In UAE, Priced Dhs499

The crystal-encrusted cover comes in two shades – smoky grey and blue, and solid black.

Ajman Emerges As Relocation Hotspot For Dubai, Sharjah Residents

Rents in Ajman are growing as budget-conscious residents move from Dubai and Sharjah, where rents have soared, finds Asteco.

UAE’s Falcon Aviation Signs $153m Bombardier Jet Deal

The transaction follows a letter of intent to acquire one CS300 aircraft and another option that was announced in February 2014.

Dubai’s Shuaa Capital Q2 Profit More Than Quadruples

Net profit in the three months to June 30 jumped to Dhs6.2 million ($1.7 million) from Dhs1.3 million a year earlier.

Emirates Signs $13bn Service Contract With GE

The order is for engines that will power the 150 777X jets that Emirates is buying from Boeing.

Etihad To Start Daily San Francisco Flights

San Francisco becomes Etihad’s sixth US destination.

Dubai’s Food Retail Sales Surged 500% During FIFA World Cup

Shisha cafes benefitted the most as they drew late night crowds with suhour menus and live streaming of soccer games.

UAE’s Abraaj Group Buys Stake In Tunisian Hospital

Abraaj’s investment will help increase patient capacity, add new services and ramp up human resource training in the hospital.

UAE Regulator Announces Guidelines For Twitter

Twitter users in the UAE are prohibited from tweeting content that is contrary to public morals and the principles of Islam.

Dubai’s Drake & Scull Gets Shareholder Nod For Strategic Investor Plan

The company said that its shareholders had approved issuing a bond that would allow a strategic investor to buy into the company.

Dubai’s New Mega Projects Could Create Boom-Bust Cycle – Report

Policymaking complacency and the launch of larges scale projects such as Mall of the World could lead to property bubble, finds report by the Bank of America Merrill Lynch.

Abraaj Investment Management Makes Bid Approach To Egypt’s Bisco Misr

The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.

Dubai Beats Abu Dhabi To Become The UAE’s Most Expensive City – Mercer

Dubai jumped 23 spots to rank as the 67th most expensive city in the world for expatriates.

Phase One Of Dubai’s Jumeirah Corniche Project Completed

The initial phase extends over 2 km, from the Dubai Sailing Club up to a point close to the Dubai Municipality’s Center at Umm Suqeim.

UAE To Fine Firms Dhs1000 For Delays In Applying For E-Labour Cards

Companies are required to apply for electronic employment contracts and labour cards within 60 days of an employee joining the firm.

UAE’s Dana Gas Says Wins Right To Some Payments From Iraqi Kurdistan

The firm had filed an arbitration case in London last October against the Kurdistan Regional Government (KRG), to obtain payments for products which it had delivered.

Abu Dhabi’s Aldar Properties Appoints CEO

Al Mubarak had been serving as the deputy chief executive and chief portfolio management officer of the company since shareholders approved the merger in March 2013.

Ambition, Investor Greed Fuel Rise And Fall Of Dubai’s Arabtec

The Dubai construction firm lost almost 50 per cent of its stock value after stakeholder Aabar cut its stake and former CEO Hasan Ismaik resigned.

Are Banks Prepared For Another Dubai Property Bubble?

Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.

UAE Bourses Merger Shelved As Terms Not Agreed -Sources

The sources said it was unclear whether the merger plans were permanently on hold or whether they would be revived later.

UAE Opens New Consulate In Toronto

The move is expected to boost trade and business ties between the UAE and Canada.

Dubai Ranks Fifth Among Top Global Destinations For Travellers

The emirate is expected to receive around 12 million overnight international visitors in 2014, a new study says.