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Dubai’s Economic Zones World Launches Two Halal Zones

The Halal zones will be situated in Jebel Ali Free Zone Authority (Jafza) and Technopark.

Nakheel Nets Dhs34m In Jumeirah Park Land Auction

The developer auctioned off eight plots, selling each for an average of Dhs4.3 million on Wednesday.

Dubai International Passenger Traffic Up 15.1% In January

Dubai Shopping Festival and the seasonal rush of holidaymakers have been instrumental in boosting passenger traffic.

Alitalia CEO Says Etihad Needs 3-4 Weeks For Due Diligence

A tie-up with Etihad could bring Alitalia the resources to invest in a new strategy focused on long-haul routes.

Dubai’s RTA To Open Creek And Al Jadaf Metro Stations

The entire Green Line will be operational with the opening of Al Jadaf and Creek stations, RTA said.

DAFZA Records 42% Revenue Jump In 2013

The 1,600-company freezone now accounts for 8 per cent of Dubai’s trade

Arabtec Denies Plans To Acquire Kuwait’s Kharafi National

Earlier on Wednesday, Arabtec issued another statement saying its board had not taken any decision on the acquisition of another company.

UAE’S TAQA Says CEO Carl Sheldon Has Decided To Step Down

Edward LaFehr, who now leads TAQA’s North American operations, will take on all Sheldon’s current responsibilities.

Dubai’s Arabtec Shares Suspended On Regulator Request

No reason was provided for the suspension of trading.

Horse Racing-Godolphin Hands Trainers Full Responsibility After Doping Scandal

The operational changes should also help safeguard horse welfare and ensure compliance with all relevant regulations, officials said.

Nakheel To Auction Plots In Jumeirah Park

The plots, each measuring 8,820 square feet, will be auctioned off on February 26 in the Nakheel Sales office on Al Sufouh road.

Different Arab money

Islamic Development Bank Aims To Price Benchmark Sukuk On Thursday

The supranational lender set initial guidance at mid-to-high 20s over midswaps, the document said on Tuesday.

Samsung Galaxy 5 Releases In Dubai On April 11– Eros CEO

Samsung unveiled the Galaxy S5, the latest generation smartphone in its flagship series, during the Mobile World Congress event in Barcelona on Monday.

Dubai’s MAF Launches Community Mall In Sharjah

My City Centre, Nasseriya in Sharjah, an investment worth Dhs84 million, will cater to smaller residential communities.

Dubai Hotels Record 80% Occupancy In 2013

Dubai’s market rapidly absorbed an influx of new hotels in 2013 whilst maintaining a healthy occupancy rate throughout the year.

Dubai, Abu Dhabi Firms To Hike Housing Allowances In 2014

Around 22 per cent of Abu Dhabi employees and 33 per cent of Dubai employees will see a rise in housing allowances this year.

Etihad To Launch Daily Phuket Flights

UAE residents and holidaying Europeans now have improved access to the popular Thai destination

Horse Racing-Godolphin’s Racing Manager Quits For New Role

Simon Crisford will take on a new role as Sheikh Mohammed’s global racing advisor.

Drake And Scull’s Rail Division Wins Dhs35m Dubai Airport Contract

The firm will provide complete MEP works for the automated passenger mover system (APM), which will connect Concourse 4 of Dubai International Airport to Terminal 1.

UAE’s ADCB Picks Banks For 5-Yr Benchmark Bond

ADCB has chosen Bank of America-Merrill Lynch, Barclays, ING and JP Morgan Chase to arrange the transaction.

Dubai Industrial City Launches Halal Cluster

Spread across nearly six million square feet, the cluster will provide a dedicated area for companies manufacturing halal products.

DEWA Commissions Dhs118m Substation At DAFZ

The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.

Dubai’s Arabtec In Talks To Buy Kuwaiti Firm -Sources

The deal, if completed, would be worth about Dhs2 billion ($545 million).

UAE Food Producer NFPC Signs Dhs1.5bn Deal With Kizad

The deal would see an initial investment of Dhs1.5 billion by NFPC to build a mega-facility that will be spread across eight million sq ft of land in Kizad.

Emirates To Start Chicago Flights In August

The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway

Dubai’s Union Properties To Lift Foreign Ownership Cap To 25%

Foreigners currently own 4.35 per cent of the company, according to bourse data.

Emaar Launches New Luxury Apartment Complex At Dubai Hills Estate

Mulberry at Park Heights comprises of 330 apartments in close proximity to an 18-hole championship golf course.

Nakheel Confirms Repayment Of Dhs2.35bn Bank Debt

The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.

Sheraton Dubai Creek Hotel To Reopen In April After $50m Renovation

The hotel will offer 268 fully refurbished and brand new rooms and suites.

Abu Dhabi’s Al Khalidiyah Mall To Open New Samsung, Victoria’s Secret Stores

Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.