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Citigroup To Exit UAE Interbank Rate Setting Panel

The move will increase the dominance of local banks over foreign banks in the panel that determines Eibor.

Dubai’s Deyaar To Launch Two Property Projects This Year

One of the projects, a residential development in Business Bay, will be worth about Dhs500 million.

Air Arabia Starting Yerevan Services

Sharjah low-cost carrier to take on flydubai as it seeks to capitalise on Armenia’s growing popularity.

Al Noor Hospitals Seeks Up To $390m In London Float

Healthcare businesses in the Gulf region are expected to boom in coming years as rising wealth couples with an increase in so-called lifestyle diseases.

UAE Regulator To Allow Trading In Share Offer Rights

The reform allows a shareholder who does not want to or cannot subscribe to a share issue to sell the rights.

Malcolm Gladwell: “UAE Has An Enormous Advantage”

The author behind best-selling books The Tipping Point and Outliers speaks exclusively to Gulf Business.

New English Language Test For UAE Companies

The British Council has released a new English language assessment tool called Aptis to assist multinational firms in the UAE.

Dubai’s Arabtec-Led Consortium Wins $629m Jordan Project

The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Drake and Scull and Consolidated Contractors Co.

Emaar Plans JV With Dubai Holding For New Project

The new project, named Dubai Creek Harbor, will include a business district, shopping, sporting and entertainment facilities.

Dubai’s Ruler Announces New Fashion District

The ‘Dubai Design District’, located adjacent to the Business Bay area, will aim to become a full service commercial hub for the industry.

Property Firms Form Venture For Huge Dubai Project

Emaar Properties and Meraas Holding plan construction of an 11 million square metres project.

AMEinfo Website Acquired By Mediaquest Group

Financial details of the deal were not disclosed.

Emirates Launching A380 Zurich Services

Airline to introduce the double-decker aircraft from January amidst “robust demand” for business and leisure traffic

Abu Dhabi Adds Over 2,000 Residential Units In Q1 2013

A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.

Arabtec Wins Dhs810m Contract In Dubai

The Dubai contractor expects a series of recent contract wins to boost its 2013 earnings.

Is Dubai’s Property Euphoria A Myth?

With several high profile property launches, how can Dubai avoid another real estate crash?

India says Emaar JV Violated Rules In $1.5bn Investments

Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.

Qatar Has Highest Density Of Millionaires In The World

Kuwait, Bahrain and the UAE also make it to the global top 10 nations with the highest density of millionaires.

National Bank of Abu Dhabi Appoints New CIO

Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.

Flydubai Adds Hotel Bookings Online

Tie up with global travel wholesaler Tourico Holidays provides passengers with access to more than 36,000 hotels

UAE Creates $15bn Aluminium Firm In State Merger

The new entity, Emirates Global Aluminium, will be jointly held by Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).

REVEALED: Top 10 Cheapest Supermarkets In The UAE

The UAE’s first direct supermarket price comparison. Are you getting a fair deal?

Emirates Launches Tokyo Haneda Services

Airline now serves both Tokyo airports and new service operates as a codeshare with Japan Airlines

Dubai Property Investors Face Dhs172m Loss On Hydra Projects

The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.

Dubai Retailer MAF Delays Hybrid Bond Sale Citing Weak Market

The Majid Al Futtaim group planned to partly finance the $683 million acquisition of Carrefour’s stake through a hybrid bond.

Etihad Expands To South America, Launches Flights To Brazil

The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.

Construction Begins On Dubai’s Largest Mosque

Up to 25 per cent of the construction work on the Khalifa Al Tajer Mosque has been completed.

Abu Dhabi Commercial Bank Repays Govt Funds In Full

The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.

UAE’s Taqa Takes Over BP’s Harding Field In North Sea

The move was part of an acquisition of BP assets in the North Sea agreed in 2011.

Dubai’s ENOC Cuts Diesel Price

Emirates National Oil Co (ENOC) has cut the retail price to Dhs3.50 a litre.