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Infiniti Middle East 2013 Sales Up 29%

A new Infiniti showroom with full dealership facilities is planned for Mohammed bin Zayed road in Sharjah.

Emaar Launches Rasha Villa Project in Dubai’s Arabian Ranches

The Spanish-style community will include 140 villas.

Dubai Tram To Boost Property Prices In Marina

Dubai Marina has recorded a sharp upturn in investor appetite owing to its proximity to the tram.

ADCB Q4 Net Profit Jumps 40%

The bank reported Dhs879 million for the quarter, beating analysts’ estimates.

Emaar Properties Appoints Abdulla Lahej As Group CEO

The Dubai developer confirms departure of Low Ping as group CEO, says she will remain advisor to chairman Alabbar.

UAE Gives Assurances On President’s Health After Stroke

On Saturday, state media said Sheikh Khalifa had undergone surgery after suffering a stroke and was in stable condition.

UAE President Suffered A Stroke, In Stable Condition

Sheikh Khalifa bin Zayed al-Nahyan suffered a stroke and had to undergo a surgery.

Dubai Issues Regulations For Upcoming Tramway System

New resolution details fines for punishable traffic violations once tramway is operational.

Dubai Confirms Final Deal On $10bn Debt Restructuring

Lenders agreed to restructure about $6 billion of bank facilities while $4 billion will be repaid after bank creditors are satisfied.

UAE’s CBI Seeks Shareholder Nod For $300m Rights Issue

The lender, 40 per cent owned by Qatar National Bank, is aiming to raise Dhs1.1 billion through the issuance of 787.9 million shares.

UAE Sets Rules For Covered Warrants

The conditions include a licensing regime for issuers of covered warrants and disclosure requirements.

National Bank Of Fujairah’s Net Profit Rises 28.6% In 2013

The bank’s profit rose for a fourth consecutive year, owing to its robust business performance.

Dubai Exports Opens New Mumbai Office

The Dubai Exports office in India is expected to boost the visibility of goods and services from Dubai.

UAE Banks Warned To Help Write Off Citizens’ Debts

Under the Debts Settlement Fund initivate, banks are required to waive 50 per cent of Emirati debtors’ loans.

Dubai’s Emaar Quietly Replaces CEO Low Ping

The firm appointed Abdulla Lahej as her replacement, industry sources said.

Emirates To Operate Double Daily A380 Services To Moscow

The airline’s second jumbo A380 jet will begin services to the Russian capital from August 1, 2014.

Dubai’s DEWA Opens Dhs500m Warsan Complex And Al Qusais Control Centre

The new centre will maintain the required electricity reserve for emergency cases and monitor quality indicators and network performance.

Emirates Steel Seeks $1.3bn Loan To Refinance Debt, Buy Assets

The deal is expected to cut the costs of a loan which was signed in 2010.

UAE Using Too Much Energy, May Increase Prices – Oil Minister

Consumption in the country is double or triple the average of the world, Suhail bin Mohamed Al Mazrouei said.

Helicopter Crashes On Dubai’s Palm Jumeirah Island

The two passengers on board sustained “moderate to critical injuries” confirm officials.

Boeing, UAE Join To Produce Aviation Biofuel From Desert Plants

The research partnership comes after findings that desert plants fed by seawater will produce biofuel more efficiently than other well-known feedstocks.

Etihad’s Hogan To Join Virgin Australia Board

The role will include attending several board meetings each year in Australia.

Dubai Retailer Majid Al Futtaim Plans To Invest $2.3bn In Egypt

The company expects to complete construction of its ‘Mall of Egypt’ project near Cairo by the end of 2015.

Dubai’s Arabtec Expands, Opens New Headquarters In Belgrade

The new office will help the company expand its presence in the wider Balkan region.

BAE Systems Says Making Progress On Saudi Price Talks

BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.

Omega Dubai Ladies Masters Deemed A Success

The Omega Dubai Ladies Masters golfing tournament continues to raise Dubai’s sporting profile.

Etihad Announces Codeshare With New York’s JetBlue Airways

Etihad will codeshare on 40 JetBlue routes within the U.S. with further codeshares planned for later in the year.

DEWA Plans No Bond Issues In 2014 – CEO

DEWA has a $1 billion bond maturing in April 2015.

Abraaj Group Acquires Majority Stake In Turkish Dairy Firm

Abraaj’s investment will help Yörsan Group grow both domestically and internationally.

TAQA Eyes Investments In Water Projects In MENA, India

TAQA aims to boost its water output by at least 120 million gallons per day in five years.