Home GCC UAE

UAE

Abu Dhabi Airport Partners With Al Ain Football Club

Under the agreement, the Abu Dhabi Airports logo will feature on Al Ain FC club kits.

Emaar Launches Sale Of The Address Residence In Dubai

The new property includes fully furnished serviced residences in Downtown Dubai.

Emal’s Phase II To Create 1,000 Jobs

Emal will ramp up aluminium production upon completion of its phase II expansion.

UAE Banks’ Exposure To Government Highest Since 1970s

The UAE’s banking sector has extended $42 billion in credit to the government and GREs since the 2008 crisis, says BofA.

Update: Shares In Dubai’s Union Properties Surge After Trade Resumes

Trading was briefly halted after the developer failed to disclose the results of a board meeting.

Sheikh Mohammed’s New Book Highlights Leadership Strategies

Sheikh Mohammed’s latest book, Flashes of Thought, talks about time management, positive thinking and creativity.

Anantara Dubai The Palm Resort & Spa Opens Today

Luxury resort will be predominantly targeting well-heeled leisure guests although a ballroom and six meeting rooms are available

Serbia Seeks To Borrow Up To $3 Billion From UAE – Official

The money will be used to repay “the most difficult debts” and regurgitate the economy, said Serbia’s deputy prime minister.

SocGen Avoiding Goldman Missteps With $300m Sukuk Plan

Goldman Sachs tried to follow HSBC in late 2011 with a $2 billion sukuk programme, but Islamic scholars and analysts questioned whether the bank was obeying religious principles.

UAE “Does Not Have To Provide Citizenships”

While global trends are indicative of more countries offering citizenships, the UAE is not dependant on citizenships to attract investment.

Wasl Properties Announces 90 Villas For Jumeirah

Construction of the project will use green initiatives and eco-friendly systems.

Mashreq CEO – ‘Credit Bureau Will Stop Banks Lending For 6-12 Months’

Abdul Aziz Al Ghurair says new data body will highlight the number of debt-burdened consumers in the UAE.

Dubai’s Dhs12bn Solar Park On Schedule

The project will be completed in phases and will have a production capacity of 1000 MW of electricity.

Abu Dhabi To Invest $5bn In Russian Infrastructure

The accord with Abu Dhabi is expected to be signed during talks between Putin and Crown Prince Sheikh Mohammed bin Zayed on Thursday.

Al Hilal Bank Eyes Sukuk Issue In Q4

The five-year-old Islamic bank was assigned its first credit ratings earlier this week.

Dubai’s Mashreq Raises 2013 Profit Forecast

Mashreq chief executive Abdulaziz al-Ghurair had said in February that he was optimistic about the bank’s performance this year.

UAE Banks’ Net Profit To Rise 20%

Total assets of UAE banks grew eight per cent to Dhs1.9 trillion in the first six months of this year, while net profit during the period was Dhs13.6 billion.

UAE’s Retail Market Attractive Despite High Rents

Average retail rental rates in Dubai and Abu Dhabi were $114 and $71 per square feet per annum respectively.

Ibis To Launch Business Card

Perks include 10 per cent off room rates, 5 per cent on early booking summer and winter deals and guaranteed room availability.

Dubai’s Non-Oil Foreign Trade Up By 16%

Dubai’s foreign trade growth during the first half has exceeded the expected growth rate for the entire year.

Gates Hospitality Bringing More London Flavours To Dubai

The Dubai-based company has taken the lease for the 15,000sq ft Reform Social & Grill Dubai in The Lakes from Emaar.

Conrad Dubai To Open September 2013

Hilton luxury brand’s first GCC property times launch for start of peak corporate season.

UAE Salaries To Increase 5% In 2014

Salaries in Saudi Arabia are expected to increase on average by six per cent, while Oman and Kuwait’s pay rises will grow by 5.6 per cent.

Dubai Holding Investment Unit Extends $1.2bn Loan

The loan is related to Dubai Holding Investment Group’s acquisition of a 9.9 per cent stake in U.S. hedge fund Och-Ziff Capital in 2007.

Dubai’s Mall Of The Emirates Plans Dhs1bn Redevelopment

The renovation project will include new shopping, dining and entertainment concepts.

Abu Dhabi’s First Gulf Bank To Cut About 300 Jobs

The lender is reducing nearly 10 per cent of its workforce as part of a restructuring, according to sources.

iMENA Invests $8m In Hellofood For ME Expansion

iMENA Holdings and Rocket Internet have partnered to invest in the regional operations of Hellofood, a global food ordering service.

Cebu Pacific Air Gears Up For Dubai Launch

Low-cost airline has taken delivery of its second A330 which will be deployed on the the carrier’s first long-haul flight to Dubai from October

Safety Risks From Emirates A380 Engine Blow Out “Relatively Low”

ATSB rules operator’s procedures were effective but expresses ongoing concerns over nozzle designs

UAE Markets Surge After Russia Offer On Syria

Dubai’s index jumps five per cent to 2,441 points in early trade