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Dubai’s Rotating Tower Plan Given New Life

Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.

Rolls-Royce Bespoke Demand Drives Growth

The high-end car manufacturer named Abu Dhabi as its most successful market in the world last month and its biggest global market for its bespoke vehicles.

Eid Declared On Thursday, August 8

Private sector employees will be off on Thursday, August 8 and Friday, August 9.

UAE Residents Spend Dhs10,000 Annually On Gadgets

A recent study found 68 per cent of UAE residents spend at least Dhs10,000 every year on technology, with 71 per cent admitting they are addicted.

Dubai’s Ruler Signs Dhs2.1bn Emirati Housing Grant

Sheikh Mohammed approved the scheme which will help 5,000 families before the end of the year.

Etihad To Operate A380 On Sydney, Melbourne Routes

The Abu Dhabi airline is also increasing flights to Australian destinations.

Costa Coffee To Introduce Camel Milk Drinks

The global coffee chain has introduced camel milk as an option for customers, as well as a new camel milk iced drink.

Etihad Eyes China And America Partnerships

Etihad, whose annual net profit tripled in 2012, holds stakes in Virgin Australia, Air Berlin, Aer Lingus and Air Seychelles.

Aldar’s Q2 Profit Jumps On Sorouh Merger Deal

Aldar said quarterly earnings included a one-time gain of Dhs2.6 billion principally driven by the acquisition of Sorouh’s assets.

Caution Required Amid Dubai Property Resurgence

Close monitoring is essential to prevent a second Dubai property bubble, writes Mohammed Faheem, senior research analyst at CBRE Middle East.

Standard Chartered Income Up 4% In H1 2013

Standard Chartered UAE recorded single digit growth in income during the first half of 2013.

Business Confidence Riding High In Dubai

The majority of businessmen in Dubai expect a profitable third quarter this year, find two official surveys.

DAFZA Sees 44% Growth In H1 2013

Dubai Airport Freezone Authority saw 94 new international companies register in the first half of the year.

Al Noor Hospitals H1 Profit Drops 24.4%

The Abu Dhabi healthcare company listed on the London Stock Exchange in June.

Dubai’s Shuaa Capital Swings To Small Profit In Q2

The bank made a net profit of Dhs1.3 million in the quarter, compared with a loss of Dhs15.9 million for the same period last year.

Air Arabia Q2 Net Profit Rises 15%

The low-cost airline served over three million passengers during the first half of 2013

Google Offers Virtual Tour Of Emirates A380

Google has given access to all three classes and even the pilot’s cockpit of the world’s biggest jet through its Street View cameras.

Emirates Launches Luxury Private Jet Service

Emirates Executive launches at a time when business aviation is seeing a rise in regional demand.

Top 10 Eid Getaways Within The UAE

Gulf Business checks out weekend options for those looking for a quick escape.

Dubai Hotel Occupancy Falls As Peak Season Winds Down

As the peak season for hospitality winds down, average occupancy across UAE and Saudi hotels witness a slight decline.

Dubai Contractor Drake Q2 Profit Rises 63.1%

Drake reported a net profit of Dhs52.2 million for the quarter ended June 30, compared with a profit of Dhs32 million in the corresponding quarter in 2012.

Dubai Establishes Design and Fashion Council

The council will create a strategy to develop Dubai’s fashion industry and support existing events in the sector.

UAE Experts Call For Sustainable Buildings To Combat Energy Demand

Experts advocate the use of solar technology to reduce energy consumption and increase efficiency.

Abu Dhabi’s ADPC Pumps Dhs17m Into Port, Leisure Facilities

The investment in Marfa Port will be used to develop the port’s infrastructure and maritime leisure facilities.

UAE Fuel Stations Resume Credit Card Payments

Card payments, suspended in 2007, will resume with a charge of Dhs2 for all fuel purchases made.

Dubai Developer Deyaar Q2 Net Profit Rises 47%

Deyaar, one of the worst hit during Dubai’s property market crash, posted a second quarter net profit of Dhs27.3 million.

Dubai Property Brokers Net Dhs785m In Commission In H1 2013

The value of commissions, earned by property intermediaries, companies and individuals helps in assessing the value of growth in the real estate sector.

Iranians May Have Abducted Briton In Dubai -UK Government Source

Abbas Yazdi, a British-Iranian citizen, was reported missing on June 25.

Luring Emirati Talent To Finance Remains A Challege

Attracting Emirati talent into the finance sector will be a long haul process.

Steely Agenda: Gulf States Aim High In Aluminium Market

The Gulf is striving to tap its cheap energy supply to become a global aluminium heavyweight, writes Peter Shaw-Smith.