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UAE Transferred $3bn In Aid To Egypt, Saudi To Follow

Gulf Arab oil producers have promised aid packages worth $12 billion to Egypt since the overthrow of president Mohamed Mursi.

UAE League Struggles Despite Riches Splashed Abroad

Among the UAE clubs, only Abu Dhabi’s Al Jazira Stadium has a capacity greater than 20,000 with most crowds often only in the hundreds.

UAE Telecom Operators Fail To Agree Network Sharing Deal

Du and Etisalat already offer fixed-line, broadband and television packages in the UAE, but not in the same districts, with du confined to the newer areas of Dubai.

UAE Ranked 19th Most Socially Advanced Country

Five countries from the MENA region made the top 50 list, which highlights the areas that a country should focus on to improve the well being of its people.

Dubai Land Deals Hit Dhs108bn In H1 2013

The value of real estate transactions rose 30 per cent on the same period last year.

Etihad Working Towards July 31 Jet Deal Deadline

The Abu Dhabi carrier agreed in April to buy a 24 per cent stake in Jet Airways but political concerns and scrutiny by Indian market regulators have delayed the deal.

Dubai Mall, MOE To Keep Major Market Share Despite Mall Boom

Secondary malls, like Discovery Gardens Centre, will come as a relief as retail space at the major malls faces high demand.

Abu Dhabi World’s Best Market For Rolls-Royce

The UAE capital recorded the highest number of sales across the maker’s markets in the first half of 2013.

UAE’s Air Arabia Surges To Near 5-Year High

Air Arabia is the top trader on the UAE bourse after jumping 8.3 per cent to reach its highest levels since October 2008.

Emirates Skycargo Terminal At Dubai World Central Opening May 2014

Work is underway on 700,000sqm facility which will be supported by dedicated road feeder services to Dubai International.

UAE’s ADNOC, ADGAS Offer Rare Spot Cargoes

The offer came just days after ADGAS, partly owned by ADNOC, offered 25,000 tonnes of naphtha for loading from Das Island.

Minor Hotel Group Buys 50% Stake In Per AQUUM

Partnership with Universal Enterprises Maldives will see more Per AQUUM hotels across Middle East, Asia, Indian Ocean and Africa.

India’s Jet: Etihad Investment Completed In A Few Months

Etihad in April agreed to buy a 24 per cent stake in Jet for $379 million and it is also making a $150 million equity investment in Jet’s frequent flyer programme.

UAE Financial Sector To Freeze Hiring in H2 2013

The UAE’s financial sector is poised for expansion in the second half of 2013 but hiring depends largely on winning new projects.

Masdar PHD Student In Global Challenge Final

Alaeddine Mokri, a student at the Masdar Institute of Science and Technology, has invented the ‘UltraSmart’ – a smartphone tool for engineers and scientists.

European Refiners Buy Emirati Oil To Cover Shortage

High prices on Europe-destined sour crude coupled with weak demand for sour crude in Asia has opened a price gap over the last month.

Etihad Signs Codeshare With Korean Air

New codeshare strengthens partnership with Korean Air beyond the interline and special prorate agreements inked four years ago.

Dubai School To Close After Hiking Fees

The Dubai American Scientific School had been rated as ‘unacceptable’ by the KHDA since the 2008-2009 educational year.

Dubai Banks Sign Dhs900m Loan For Burj Al Saram Towers

The new development will consist of commercial and residential towers as well as the Sheraton Dubai Tower Hotel.

Dubai Exchange Volumes Grow 101% In H1 2013

The sharp increase in first-half trading stems from a rise in currency volumes.

UAE Banks Seek Five-Year Grace Period

In April last year, the central bank set limits for how much commercial banks could lend to state-linked borrowers, in an effort to reduce risks.

Sheikh Ahmed: Aviation Strategy Will Drive Growth

Dubai’s aviation sector is expected to account for 32 per cent of GDP by 2020, while the sector employs over five per cent of the workforce.

UAE Central Bank Asks Lenders About Exposure To Turkey

The UAE’s financial ties to Turkey have expanded in recent years as banks look to diversify out of the region’s oil-focused economy.

Emirates Starting Daily A380 Barcelona Services In February

The 517-seat A380 will be the first permanent superjumbo service to fly into Barcelona and replaces the Boeing B777-300ER.

Soft Opening For Sofitel Dubai The Palm Resort And Spa

Luxury brand’s second hotel in the city combines business and leisure.

Dubai Commands 30% Of ME Luxury Market Share

The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.

DeVere Group Eyes Gulf Market Post Acuma Buyout

DeVere Group CEO believes that the acquisition of Acuma, a UAE-based wealth management firm, will help further their presence in the Gulf market.

Mashreq’s Retail Banking Profit To Double

The Dubai lender’s retail arm made a net profit of Dhs240 million last year.

The Galleries’ Business Lounge Targets Jebel Ali Corporates

The 700sqm facility accommodates up to 80 people and features boardrooms, conference and meeting rooms and internet stations.

Abu Dhabi’s ADIA Invests $200m In India Real Estate

ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.