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GCC Rail Network Could Face Delays – Official

The UAE has plans to invest $25 billion in its railway infrastructure, according to the NTA.

Dubai Mall Welcomes 75m Visitors In 2013, Up 15% From 2012

Emaar’s flagship mall also saw sales increase by 26 per cent last year.

McIlroy Willing To Take Risks To Win $2.5m Prize At Dubai Desert Classic

Organisers of the tournament are offering a $2.5 million prize for a hole-in-one.

Dubai Holding Unit Sells Land To MAF

TECOM Investments sold one million square feet of land at its International Media Production Zone.

Arabtec Expands Into Iraq With Baghdad Office

The Dubai firm has started looking for candidates for senior management posts including for the position of CEO.

First Gulf Bank Q4 Net Profit Up 19%

The lender made a net profit of Dhs1.37 billion in Q4 2013, compared with Dhs1.15 billion in the prior-year period.

Abu Dhabi’s Waha Capital Seeks $700m Loan

Waha has picked HSBC Holdings and First Gulf Bank to help arrange the five-year loan.

Dubai Islamic Bank Q4 Net Profit Up 66.2%

The bank made Dhs518 million in Q4 2013, up from Dhs311.7 million in the corresponding period the year before.

Dubai International Handled 66.4m Passengers In 2013

Opening of Concourse A and flydubai’s ongoing expansion spurred 15.2 per cent annual growth.

GEMS Education To Build More Schools As Market Booms

GEMS is aiming to create 10,000 new school places a year with most in the UAE.

Emirates To Move To New Dubai Airport After 2020

Emirates currently has a terminal dedicated to its A380 fleet at Dubai International airport.

Dubai’s Health Insurance System Brands As ISAHD

Every insurance firm looking to provide health cover in Dubai will have to secure a permit, the DHA said.

UAE’s TRA To Verify Official Government Twitter Accounts

The campaign aims to provide the public with authenticated source of news and information.

New Initiative Launched To Support Female Entrepreneurs

The new initiative Ro’Ya will help boost the rate of female entrepreneurship in the UAE, experts said.

NBAD Hires ANZ’s James Burdett As Group CFO

James Burdett was chief financial officer for ANZ.

NBAD Q4 Net Profit Edges Down

Net profit for the quarter was Dhs1.08 billion, slightly lower than Dhs1.12 billion in the year-ago quarter.

Pentagon Notifies Congress Of Possible F-16 Upgrades For UAE

The multibillion dollar deal would include the sales of guns and navigational systems.

Stocks News: Gulf Vulnerable To Further Profit-Taking

The Dubai index has dropped for two consecutive sessions but is still up in January.

Viceroy Dubai Palm Jumeirah secures $201m Funding

Industrial and Commercial Bank of China marks its first project financing deal for a hospitality project in the Middle East

UAE Considers Importing North American Gas

Rapidly rising demand and slow production growth have made the UAE a net importer of gas over the past few years.

UAE Education Ministry Launches Tech Hub With Etisalat

The ‘Etisalat Education Technology Centre’ will be used to focus on research and development.

Dubai Prime Home Price Growth Slows On State Cooling Measures

Dubai doubled the registration fee charged on real estate transactions to four per cent last year.

India Lifts A380 Restrictions And Gulf Carriers’ Hopes

Presently only Delhi, Mumbai, Hyderabad and Bangalore have the required infrastructure for the jumbo jets.

Dubai’s Ruler Sets Up New Body To Promote Brand Dubai

The body will be tasked with promoting the emirate as a prime destination for tourism, business, trade and entertainment.

Emirates NBD Comfortable With State Exposure – CEO

ENBD’s loans to Dubai government consist of Dhs91 billion out of a total loan book of Dhs238.3 billion.

MAF To Invest Dhs3bn In Dubai Over 5 Years

The UAE-based conglomerate reported revenue of Dhs23 billion for 2013.

Majority Of UAE Employees Work Better From Home – Survey

The survey also revealed that UAE workers preferred flexible hours to a pay hike.

Dubai’s Emirates NBD Misses Q4 Profit Forecast

A 26 per cent rise in net interest income was offset by a 40 per cent year-on-year jump in impairment allowances.

Dubai’s Mashreq Posts 38% Rise In 2013 Net Profit

The bank’s profit was boosted by a rise in net interest income and net fee and commission income.

Abu Dhabi Residential Real Estate Rebounds Strongly In 2013

Prime residential sales prices jumped 25 per cent in 2013, Jones Lang LaSalle said.