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Dubai World Central To Develop New Logistics Park

The park, spread across 34,000 square meters, is slated for completion in the first quarter of 2015.

Dubai’s Atlantis The Palm Seeks $850m Loan

The hotel is raising the syndicated loan to refinance existing debt and provide new funds.

Britain’s Islamic Bank BLME Seeks Stronger Gulf Ties – CEO

The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.

Fairmont President: New Hotels For UAE And GCC

Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.

Dubai’s Dnata Fully Acquires Italian Flight Caterer

Air services provider dnata already owned 50 per cent of Servair Airchef in Italy.

Dubai’s ENBD Plans Bond Sale To Boost Capital

Emirates NBD plans to meet investors on roadshows in Asia, London and the UAE.

Egypt Says Disputes With DAMAC Are Resolved

DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.

Emirates Adds A380 To Brisbane-Auckland, NZ Approves Qantas Deal

Brisbane passengers will soon be able to travel on the popular double-decker and Auckland will be served by three daily Emirates A380s from early October

Air Berlin Declines Further Etihad Finance Help

Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).

Can Dubai Become The World’s Leading Islamic Business Hub?

Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?

Dubai Inflation Remains Low In April Despite Jump In Rents

On an annual basis, inflation edged up to a two-year high of 0.9 per cent, up from 0.6 per cent year-on-year in March.

Etihad Launches Daily Service To Amsterdam

The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.

Abu Dhabi Fund Names Deutsche Bank Exec As Infrastructure Head

ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.

Dubai’s Union Properties Q1 Profit Slips 2.2%

The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.

Dubai’s Non-Oil Trade Up 16% In Q1

Non-oil trade grew to Dhs325.5 billion ($88.6 billion) in the first quarter from 280 billion in the same period last year.

EXCLUSIVE: Etihad CEO Slams Legacy Alliances

James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.

UK Backs Dubai As Expo 2020 Host

Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.

Drake & Scull Chief Says Will Not Sell Stake In Company

The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.

Dubai’s CBD Sets Initial Price Guidance For Debut Bond

The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.

High Land Prices ‘Threaten Dubai Hotel Pipeline’

Citymax COO says it would like to build up to five more Dubai hotels – if it wasn’t for the cost of land

UAE’s Dana Gas Q1 Profit Up 17%

During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.

Dubai’s Shuaa Capital Q1 Net Loss Narrows

The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.

Tanzania Releases UAE, Saudi Citizens Held Over Church Bombing

The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.

Full Steam Ahead For Abu Dhabi Ports Company

The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.

UAE Salaries To Rise 6% – Morgan McKinley

The oil and gas sector, along with banking and finance, will see wage hikes.

Air Arabia’s Q1 Net Profit Up 20%

Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.

RAK Petroleum Plans International Stock Exchange Listing

RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.

UAE Ministry Issues Lebanon Travel Warning

Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.

Short-Termism Lethal to Business, Survey Finds

More than three quarters of respondents believe that aims of short-term corporate profitability have led to business damaging decisions.

Abu Dhabi’s New Financial Zone To Benefit Dubai

Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.