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Dubai’s Leeds Utd Owner Sells More Than Half Stake

GFH Capital offloaded a 10 per cent stake to Bahrain-based International Investment Bank earlier this year. It has now sold a total of more than half the shares.

Top 10 Ramadan TV Ads In The UAE

The advertisements that received the highest ratings points during the holy month this year, according to tview.

Dubai: The Global Investment Hotspot

2013 represents the start of a multi-year opportunity for investors.

Interview: How Dubai’s Entertainer Group Became A Global Brand

Donna Benton, founder of the Entertainer discount books, reveals the secret to building an international brand with a Dhs120,000 start up budget.

Arabtec Reports 114% H1 Profit Rise

The contractor revealed second quarter net profit of Dhs92.4 million, up from a loss of Dhs11.6 million on the same period in 2012.

Abu Dhabi Duty Free H1 Revenues Outpace Passenger Growth

Abu Dhabi duty free revenues touched Dhs437.6 million in the first half of 2013, up 17.4 per cent from the same period last year.

UAE’s Abraaj Acquires Student Accommodation Assets In Turkey

The investment firm has acquired a stake in Republika Academic Apartments, which has two buildings in Istanbul.

UAE Manufacturing Sector Urged To Pursue Open Trade Policies

The UAE’s manufacturing sector has been urged to explore exporting to developing countries.

UAE Says Supports Egypt Government’s “Sovereign Measures”

Hundreds were killed as Egyptian authorities cleared out two camps of Mursi supporters on Wednesday.

St. Regis Abu Dhabi Opens Its Doors

Second St. Regis in the UAE capital combines business with leisure.

Emirates, Qantas Boost New Zealand Services

Qantas will operate a new Auckland-Perth service from early December through to February 1, 2014.

Christie’s To Auction $80,000 Breguet Watch In Dubai

The 18- karat gold wristwatch is one of the items on sale at Christie’s watch auction to be held in Dubai this October.

Dubai’s Gold And Currency Exchange Growth Up 55%

The surge in currency volumes trade was driven mainly by Indian Rupee futures and trading in other currencies such as the Euro and Yen.

New Dubai School After Recent Closures

Students from the financially-troubled St Andrews School will be some of the first students at the new academy.

Health Cards For UAE Expats To Cost Dhs500

Ministry-issued health cards allow UAE expats to avail government healthcare services at half the original cost.

Construction Begins On Dubai’s Mega Theme Park

On-site work and off-site ride manufacturing has started on the upcoming IMG Worlds of Adventure theme park.

Barclays Reviewing UAE Retail Business For Potential Sale

The bank’s corporate banking, private banking and investment banking activities in the UAE are not part of the review.

UAE Air Traffic Grows 2.9% In July

Dubai recorded the highest share of air traffic with 29,074 movements, the report reveals.

UAE University Studies Cost $27,375 Annually

An HSBC report shows university students in the emirates pick degrees offering the best return on investment.

Abu Dhabi Developer Aldar’s CEO To Step Down

A new chief executive will be announced shortly, Aldar said.

UAE’s Abraaj and UK’s CDC Invest $17.5m In India’s Rainbow Hospitals

Rainbow Hospitals, a specialised maternity and paediatric healthcare chain, is based in Hyderabad, India.

Emirates Starting Sialkot Services

Emirates will aim to capitalise on the region’s varied export scene.

Abu Dhabi Doubles Development Fund Capital To Dhs16bn

The activities of the Abu Dhabi Fund for Development (ADFD) will also cover the entire nation of the UAE, as per a new ruling.

Emaar’s Housing And Land Sales Double

Emaar generated revenue of Dhs1.63 billion in the three months ending June 30 compared to Dhs815.6 million a year earlier.

Dubai’s MAF Signs JV With Gourmet Gulf, Enters F&B Market

Gourmet Gulf holds franchise rights for brands like California Pizza Kitchen, Morelli’s Gelato and YO! Sushi.

Du Retracts Fee Hike On Service Packages After Twitter Outrage

Du customers have now been given an option to unsubscribe from the automatically upgraded home service package within three months.

Noor Islamic Bank Reports Dhs100m H1 Net Profit

The Dubai-based bank also announced an increase in customer deposits of 22 per cent while its customer base rose by 14 per cent.

Emirates Investment Bank Sees Q2 Profit Rise 48%

The Dubai-based private investment bank reported net profit for the first half of the year was up 28 per cent on 2012.

RAKBANK Appoints New CEO – Sources

Peter England, previously a senior banker at Malaysia’s CIMB Group, will take up the role.

Dubai’s RTA Completes 100km Of Master Bicycling Track Project

Dubai plans to construct 850kms of cycling tracks across Dubai in the next few years.