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Dubai’s Index Has Best Quarter In Six Years

Shares in Dubai were boosted during the quarter after index compiler MSCI upgraded the United Arab Emirates to emerging market status.

Ex-DIFC Exec Fined $7,500 For Falsifying Information

Tareck Fouad Farah was found guilty of issuing a letter containing false information.

Dubai’s Revamped Al Ghurair Centre To Open On Oct 1

The Deira-based mall will feature over 130 new stores including Marks & Spencer, Mango and Omega.

Arabtec Hikes Worker Salaries By 20% Following Wage Strike

Arabtec has raised the salaries of 36,000 workers across its projects nationwide.

Emirates Opens VIP Lounge At Bernabéu Stadium

Exclusive lounge enables guests to unwind before, during and after games.

Nakheel Sells Homes Worth $125m In New Project

Dubai has been recovering from a real estate crisis and property prices have begun to rebound.

Dubai Stock Market Surges To 5-Year High On Heavy Buying

Dubai’s benchmark advanced 1.2 per cent to 2,771 points, its highest finish since November 2008

Dubai Only City That “Deserves To Win Expo 2020”- Senior Official

The Expo 2020 winning bid will be announced in November this year.

Tax Breaks For Dubai’s Three And Four Star Hotels

The tax exemption, covering the 10 per cent municipality fee, will extend to applications over the next three years.

3,200 UAE Students Enrolled In UK Universities

The UAE’s booming private education sector has attracted many UK universities to setup affiliate campuses in Dubai.

Abu Dhabi Airport Sees 18.5% Rise In August Passenger Traffic

Over 1.5 million passengers passed through the emirate’s airport in August.

GCC Capital Expenditure To Rise By 8.2% In 2013

GCC states’ expenditure on rail schemes, expansion of power generation plants and housing projects is expected to boost capital expenditure in 2013.

Government Debts Affect Dubai’s Business Confidence

According to the IMF, Dubai’s total debt stands at $142 billion, or around 102 per cent of its GDP.

Etisalat-Vivendi’s Maroc Tel Stake Talks Extended

Vivendi in July entered into exclusive negotiations with Etisalat to sell its majority holding stake in Maroc Telecom for 3.9 billion euros in cash.

UAE Moving Away From Cash-Based Society

A MasterCard study has found the UAE has one of the fastest changing payments systems.

UAE’s Food Imports From Victoria Up 66%

Major food exports from the Australian state include dairy, meat, fresh fruit and vegetables

UAE’s First REIT Plans IPO On Nasdaq Dubai

Emirates REIT, formed in 2010, has income-generating assets worth 770 million dirhams.

Emirates Has “Work To Do” On Boeing 777X Price Negotiation

Emirates is the largest operator of Boeing’s twin-engined 777 jetliner and is looking at a more fuel efficient version to introduce around 2020.

Majid Al Futtaim Waits For Stability In Egypt, Syria

MAF had a Carrefour store in Aleppo shut down as a result of the violence in Syria.

Dubai Stock Investors Place World Expo Bets Ahead Of Vote

Dubai is competing with Izmir in Turkey, Sao Paulo in Brazil and Yekaterinburg in Russia for the right to host the 2020 world’s fair.

Dubai, China Sonangol Sign MoU To Build Oil Refinery

Dubai-based Noor Investment Group will act as the financial advisor to Dubai’s Supreme Council of Energy on the project

Mubadala’s H1 Profit Up 10.4% On Investment Gains

The Abu Dhabi fund said that profit attributable to equity owners for the first half of the year was Dhs1.1 billion.

NBA Champion Kobe Bryant To Open Health Business In Dubai

The LA Lakers’ player has received a tax-free trade license from the Dubai Multi Commodities Centre (DMCC).

Dubai Hikes Real Estate Fee To Fight Speculation

The registration fee charged for real estate transactions has been raised to four per cent from two per cent.

UAE’s Airport Retail Industry Rakes In Revenues

The UAE’s airport retail sector has benefitted heavily from increased passenger traffic in the country.

Abu Dhabi Approves $4.3bn Development Spending

Abu Dhabi is investing billions of dollars in industry, tourism and infrastructure to diversify its economy away from oil.

Citigroup Moves To Block New Arbitration By Abu Dhabi Fund

ADIA previously accused Citigroup of fraud in the initial arbitration.

Sony Launches 20.7MP Camera Smartphone Xperia Z1 In Dubai

Sony’s latest smartphone, available in black, white and purple, is priced at Dhs2,749 in the UAE

Dubai: The Makings Of A New Property Bubble?

As Dubai’s property market returns to its boom days, experts urge government intervention to prevent another bust.

Exclusive: Emirates To Have 43 A380s By Year-End – President Tim Clark

The Dubai-based airline has new routes coming up, says Emirates president Tim Clark.