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Arabtec’s Net Profit More Than Doubles

The Dubai-based contractor said is planning a series of acquisitions and mergers.

Emaar Confirms Four Dubai Inns

The budget hotel rooms span 26 sqm, with prices around Dhs300 a night

Hyatt Launches New Dubai Hotel Concept, Eyes Gulf Expansion

The group will launch four new projects in the UAE and Saudi Arabia by 2015, officials said.

Swiss-Belhotel Set For ME Expansion

The hotelier is currently mulling six projects in Dubai, says chairman.

Dubai’s Choithrams Inks Deal With British Retailer Tesco

Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.

Dubai’s Union Properties Q1 Profit Jumps Eightfold

The company’s profits rose on the back of gains from the sale of investment properties.

Dubai Inn Rolls Out First Phase Of Hotels

The value hotel brand plans to supply over 1,750 new hotel rooms and serviced residences.

Abu Dhabi Firm Signs Deal To Develop $9.7bn Project In Greece

The project includes the redevelopment of the former international airport in Hellenikon, Athens.

Dubai Will Repay 2015 Debt On Time

State-linked firms are likely to repay obligations ahead of schedule.

IMF Says Dubai May Need To Do More To Avert Property Bubble

IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.

JA Resorts & Hotels Targets Aggressive Expansion In Dubai

The firm is also looking to expand its Indian Ocean portfolio with potential contracts in Thailand and Sri Lanka.

Emirates Spent Dhs20bn On Marketing In Last 20 Years – Official

The airline has allocated up to three per cent of its revenue on marketing and promotion, says senior executive.

Dubai’s Economy To Grow Around 5% In 2014, Same As 2013

Dubai accounts for a quarter of output of the UAE’s economy.

Dubai Airports CEO Paul Griffiths

Exclusive: Transit Airlines Won’t Make Dubai World Central Move Until 2025

Airlines are expected to follow Emirates to DWC when growth requirements are met.

Dubai Investments Q1 Net Profit Jumps 26%

The firm also confirmed that it planned to sell off some assets.

Exclusive: Dubai To Build New Tourism Training Academy

The new entity is expected to begin operations within a couple of years, Dubai’s tourism chief confirms.

Etihad Says Is Buying Stakes In Europe To Compete, Not Control

Etihad currently has holdings in Air Berlin, Air Lingus and Air Serbia.

Butlers On Board Etihad A380s

Etihad appears intent on pushing its first class into the luxury private jet space, targeting high-net-worth individuals across the globe.

IFA, Tijaria’s $50m JV To Develop Vacation Club

The $50 million joint venture would fill a current market gap, a company executive said.

Dr. Nasser Saidi: Dubai’s Expo 2020 Could Herald Regional Transformation

Revisiting why Dubai hosting Expo 2020 should ring in investor and consumer confidence, writes the founder and president of Nasser Saidi & Associates.

Dubai’s Arabtec Appoints New CFO -Statement

Iyad Abdalrahim was formerly CFO of Arabtec’s construction unit.

Alitalia Looking To Create Bad Company To Woo Etihad

Under the plan to woo Etihad, the new firm would take on the majority of Alitalia’s debt and around 3,000 staff, a local paper reported.

Abu Dhabi’s Senaat Shelves IPO Plans – Sources

The IPO was expected to mark the merger of the Abu Dhabi, Dubai indices and help kick start new listings in the UAE.

Bespoke Tailor Kachins Chief On Expansion Plans

Kachins Group managing partner Ravi Ramchandani talks about why stand alone stores click in the mall rich Dubai.

Northern Emirates Offer Cost Haven In Booming UAE

Investment in the UAE is now flowing northward as a result of government policies and in response to rising costs in Dubai and Abu Dhabi.

UAE Telco Operator Du Aims For Double-Digit Revenue Growth In 2014

Chief executive Osman Sultan was bullish on the company’s prospects despite a slow net profit growth of 4.5 per cent in the first quarter.

Dubai Islamic Bank In Talks For 40% Stake In Indonesian Lender -CEO

The bank’s chief executive declined to name the acquisition target.

Sofitel Dubai Downtown Opens Its Doors

Luxury brand’s third Dubai property blends French culture and art and targets business and leisure travellers given the proximity to DIFC and Dubai Mall

Bank Of Sharjah Q1 Profits Rise 13%

The lender said that it continued to grow its loan book in Q1 2014 while maintaining the structure of its balance sheet with high levels of liquidity and capital.

UAE’s FNC Passes Anti-Money Laundering Act

Under the law, individuals found guilty of money laundering will face a jail term of ten years along with a fine ranging from Dhs100,000 to Dhs500,000.