Home GCC UAE

UAE

Dubai Hotels Surge Ahead As Doha Hotels Slow Down

As Dubai hotels continue to cash in on strong demand, room rates in Doha are falling due to stiff price competition.

Dubai World Central Faces Emirates Hub ‘Conundrum’

Dubai Airports’ strategic focus now shifts to second phase operations now the new airport is open to passengers

British Prime Minister Voices His Support For Dubai Expo 2020

David Cameron, Prime Minister of the UK, gives his reasons for why the emirate should host the expo.

UAE’s Financial Advisory Businesses Buck Global Trend

Nearly three out of four UAE financial advisers are in a growth phase, a study found.

Western Expats Rank UAE As Ideal Residence

Despite high levels of expenditure on luxury, UAE-based western expats were also found to be spending on investments.

Pictures: Dubai’s New Al Maktoum International Airport

Al Maktoum International Airport at Dubai World Central begins passenger services on October 27.

LIVE: Launch Of Passenger Flights At Dubai’s New Airport

Al Maktoum Airport at Dubai World Central welcomes inaugural passenger flight today.

Dubai’s Ruler Approves New Jumeirah Corniche Project

The project will include the development of the emirate’s longest corniche, stretching across 14 kilometres.

US Judge Narrows Masreq Claims Versus ING Over Investment Losses

Dubai-based Mashreq alleged ING Groep NV lost over $40 million of its money by investing it in “toxic” securities.

UAE’s First Gulf Bank Acquires 100% Stake In Islamic Finance Firm

FGB raised its ownership from 40 per cent to 100 per cent in Aseel Islamic Finance

Dubai World Central Starts Passenger Flights

European low-cost carrier starts four new services this week, projecting Dubai into the realm of two-airport cities

UAE Signs $4.9bn Aid Package To Egypt

Over $1 billion of the money pledged will go to supply Egypt with fuel

UAE’s Local Banks Aggressively Grab Market Share

Local banks have been quick to lend more and offer more sophisticated services as international banks nurse lingering wounds.

Abu Dhabi Energy Fund IPIC Repays $2bn Acquisition Loan

IPIC has interests in a number of European-based companies, including Spain’s CEPSA and Austrian oil group OMV.

Emaar Posts 50% Q3 Profit Jump

Emaar made Dhs581 million in the quarter ending September 30 compared with Dhs387 million in the corresponding period in 2012.

Dubai Taxi Corporation Launches Windows 8 Mobile App

The new app is designed to help users who suffer from hearing disabilities.

Dubai Business Confidence Soars On Expo Hopes

Dubai’s business confidence is at a record high as the announcement of the Expo 2020 host city nears.

Emirates Receives 10th Boeing 777 Freighter

The Skycargo division will move its operations to Dubai World Central’s Al Maktoum International Airport in May

Dubai’s Emirates NBD Q3 Net Profit Trimmed By Provisions Spike

The lender made a net profit of Dhs775 million in the three months to September, up 21 per cent from Q3 2012.

Dubai’s New Property Rules Reduce Risks For UAE Banks

Despite signs of economic improvement, banks are still dealing with asset quality problems from the 2008 crisis, says Fitch

Emarat Cancels Jet Fuel Tender, To Buy Via Private Talks

The fuel retailer cancelled a tender seeking 90,000 tonnes of jet fuel for November to December delivery

Dubai’s Arabtec Wins $53m Deal To Complete Palm Island Hotel

Arabtec will build two mixed-use towers for the 332-room Tiara Hotel on Palm Jumeirah

Emirates Aims To Fly 70 Million Passengers In 2020

The airline will be the largest carrier on the planet by international passenger traffic, says president, Tim Clark.

World Trade Center Mall Opens In Abu Dhabi

The new mall features 160 shops, over 20 dining outlets and an eight-screen cinema.

Gulf Air To Fly To Dubai World Central From December

Gulf Air hopes its new daily evening service will appeal to ‘new Dubai’ residents

Etihad Raising Colombo To Double Daily Flights

New service to provide more flexibility and better connectivity for passengers

UAE Firms To Increase Wages By 5.2% In 2013

According to a Mercer survey, the UAE’s above global average pay rise is a long running trend in the region.

Dubai Ruler Promotes Essa Kazim To Dubai Financial Market Chairman

Kazim, currently CEO of DFM, replaces veteran banker Abduljalil Yousuf Darwish

Exclusive Interview: Reem Al Hashimy, MD Of Dubai’s Expo 2020 Bid

HE Reem Al Hashimy, UAE Minister of State and managing director of the Dubai World Expo 2020 Bid Committee, reveals her hopes and fears in the bid for the largest trade show on earth.

Dubai’s 13MW Solar Power Plant Goes Live

The plant, which will generate around 24 million kilowatt hours (kWh) of electricity per year, is the region’s largest photovoltaic facility.