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UAE, Kuwait Congratulate Egypt’s Mansour After Mursi Overthrow

Kuwait’s ruler Sheikh Sabah al-Ahmad al-Sabah congratulated Egypt’s interim president and people.

Dubai’s Al Sufouh Tram Project Gearing Up For Nov 2014 Start

The Roads and Transport Authority plans to sign MoUs for the tram project within the next few months.

GCC States Welcome Ouster Of Egypt’s President Mursi

Saudi’s King Abdullah and the UAE government have sent congratulations to Adli Mansour, who had been appointed as interim head of state.

GCC Hospitality Market Records Strong Q1 Performance

Events and established tourist attractions sustain robust performance in the hospitality sector for some Middle East cities.

Dubai Plans New ‘Mini World Park’, Central Library

Dubai’s ruler Sheikh Mohammed has approved a host of new projects to be undertaken by the Dubai Municipality.

India’s BSE Launches Futures Trading On Dubai Bourse

Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.

Exclusive Interview: GEMS Chairman Sunny Varkey Talks Profits And Philanthropy

In a rare interview, the founder of the world’s largest private schools company takes on his critics, and reveals his ambition to save the world from bad education.

UAE Jails 61 For Coup Plot, Says Trial Was “Transparent And Fair”

Eight men were sentenced in absentia to 15 years in prison, 56 were jailed for 10 years and five for seven years.

Dubai Court Upholds Prison Sentence For Britons On Drug Trial

An appeals court has upheld the four-year sentence handed down to Grant Cameron, Karl Williams and Suneet Jeerh in April on drug charges.

Damac Launches Serviced Villas With Paramount

The new project will be situated alongside the Trump golf course within the new Akoya development.

UAE Among Top 15 Most Attractive Global FDI Nations

Solid infrastructure and investor friendly policies have helped the country move up in a global FDI rankings list.

UAE To Invest $25bn On Gas Projects Over Next Five Years

The country plans to explore new gas fields and increase gas output.

The UAE’s Growing Ties With Ethiopia

With so much opportunity for both parties, will the UAE overcome its impasse with Ethiopia over air travel and illegal nannies?

Malaysia Airlines Restarting Dubai Flights

Carrier identifies demand for August resumption, but Emirates provides stiff competition.

New Broadband Internet Service For UAE Firms

Yahclick,launched by Mubadala owned-Yahsat, promises to offer better connectivity and higher speeds.

Dubai’s MAF Plans Dhs3bn Expansion To Malls, Hotels

Majid Al Futtaim plans to launch two new hotels and upgrade Mall of the Emirates and Deira City Centre and build a new cinema complex.

UAE’s Dana Gas Says Makes New Discovery In Egypt

The Begonia-1 discovery well produced 9.4 million cubic feet per day of gas and 133 barrels of condensate during initial test drilling.

Dubai’s ENOC ‘Investigating’ Sri Lanka Diesel Cargo Quality

Sri Lanka returned a 40,000-tonnes diesel cargo shipment from ENOC on Thursday saying it was “not up to the required specifications”.

Abu Dhabi Developers Aldar, Sorouh Merger Effective

The merged entity, called Aldar Properties, has assets of over Dhs46 billion and a market capitalisation of around Dhs16.7 billion.

Emaar, Meraas Launch Affordable Hotel Brand, Dubai Inn

The new hotels will be located across the city, and aim to support Dubai’s goal of attracting 20 million visitors by 2020.

Dubai’s Emirates Plans New Aircraft Lease Deal For A380

The airline plans to lease the Airbus A380 aircraft from a finance company that will issue $630 million of bond-type certificates to fund the purchase.

Dubai-Based App Wally Receives Dhs1.5m Funding

The personal finance application has 100,000 active users and plans to introduce a new planning and budgeting feature.

Baskin-Robbins Opens 650th Middle East Store

The opening also marked the U.S.-brand’s 34th year in the UAE as figures show it occupies 69 per cent of the local market share.

DP World Increases Dubai Port Capacity

The extension of Terminal 2 by one million TEU increases total capacity to 15 million TEUs.

Dubai International Records 18.9% Growth In May

Australia was the fastest growing destination with 50 per cent growth following the launch of Qantas flights

Dubai’s Nakheel In Talks To Refinance $2.2bn Loan

The developer almost defaulted on its debts and agreed to a $16 billion restructuring in 2011.

Dubai Hires C.Suisse For Tunisia Telco Stake

Emirates International Telecommunications is stepping up sales from its telecoms portfolio to help repay Dubai’s debt pile.

Can Dubai Truly Become A Global Fashion Hub By 2020?

Experts believe the emirate has what it takes to achieve its ambitious goal.

World’s Largest Construction Firm To Invest In $1bn Dubai Hotel

China State Construction Engineering Corporation will make its first-ever Middle East investment in the Viceroy Dubai Palm Jumeirah project.

Emirates NBD Announces Stan Chart’s Nelson As New CEO

Emirates NBD had previously said Pudner will see out his role until the end of the year when the change of position is expected to happen.