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Mashreq Reports 57% Q1 Profit Jump

The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.

Falconcity Of Wonders Appoints Pyramid Designer

The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.

Emaar Properties Q1 Net Profit Slips 8%

The Dubai-based developer’s profit was hit by increasing sales and administration expenses.

IMG Group Announce Dinosaur Concept In Dubai Theme Park

The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.

Damac Launches Akoya, Massive Golf Community Project In Dubai

The development is Dubai-based Damac’s biggest project by size and scale so far.

Only 10% Of UAE Indians Have Adequate Retirement Planning

The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.

Abu Dhabi Hotels Gain 15% In Total Revenues in Q1 2013

Q1 2013 outshines the Q1 2012 figures in hospitality sector

Abu Dhabi’s Aldar And Sorouh Report Drop In Q1 Revenues

Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009

Dubai Passenger Traffic Grows 20.6% In March

World’s second busiest international hub reports strong volumes from Western and Eastern Europe.

Etihad Launches Mapped Out Tool With LinkedIn

LinkedIn connections are displayed on a map and members can enter search parameters.

Dubai Retailer MAF Close To Finalising Egypt Supermarket Deal

Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.

UAE-Poland Mutual Trade Up 13%

The UAE has imported $365 millon worth of Polish products including ceramic and chemical products, machines and mechanical devices, and food products.

Dubai’s ENOC To Introduce Self-Service At 10 Fuel Stations In July

The move aims to improve operational efficiency and will not lead to staff redundancies, confirms fuel retailer.

First Gulf Bank Q1 Profit Up 12%

FGB made a net profit of Dhs1.05 billion ($285.9 million) in the first three months of 2013, up from Dhs934.7 million in the same period of last year.

Dubai Court Jails Britons For Four Years On Drug Charges

Grant Cameron, Karl Williams and Suneet Jeerh were arrested in July 2012 during a holiday in the UAE.

Dubai’s Greens Locality Sees 40% Rent Rise In Q1

The recent escalation of leasing and sales prices in the emirate is concerning, says report.

Qatar Resumes Gains, Dubai Boosts To New High

In Dubai, heavy buying of mid-cap stocks pushed the index up 1.6 per cent to its highest close since November 2009.

Abu Dhabi Plans Financial Free Zone, May Compete With Dubai

The area, known as the Abu Dhabi World Financial Market, is scheduled to come up on the emirate’s Al Maryah island, say sources.

ENOC To Complete $142m Oil Terminal By End-2013

The oil storage terminal, with a storage capacity of over 141,000 cubic metres, will have a direct pipeline connection with the Dubai airport.

Dubai Property Deals Hit Dhs44bn In Q1 2013

The value of real estate transactions in the emirate rose 63 per cent year-on-year in the first quarter of 2013.

Etisalat May Buy Maroc Telecom Stake

A statement from Etisalat on Friday could reinforce speculation among some investors that it will also buy the state’s holding.

ENBD’s Departing CEO: Foreign Expansion Won’t Slow

Rick Pudner was speaking at the bank’s Q1 results days after the lender announced he would step down this year.

How To Trade Stocks And Shares In The UAE

Before you jump headfirst into the local equity markets, it’s important to gain knowledge of the companies, industries and economy you’re buying shares in.

Restaurant Review: Table 9

Michelin-starred chefs Nick Alves and Scott Price have shied away from the rigid confines of three-course dining and experimented with a flexible course system.

Etihad Signs Codeshare Deal With Air Canada

The UAE reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.

Low Wages Deter Emiratis From Accounting Careers

The lure of higher salaries along with shorter working hours and more holidays has seen a large number of Emiratis opting for a public sector career.

Abu Dhabi Commercial Bank Posts 5% Rise In Q1 Profit

The lender posted a net profit of Dhs903 million ($245.8 million) in the three months to March 31, up from Dhs861 million in the prior-year period.

DP World Q1 Consolidated Volumes Down 6.4%

DP World handled 6.2 million TEU in the quarter, compared to 6.6 million in the year-earlier period.

Emirates NBD Q1 Profit Jumps 31%

The Dubai bank made a net profit of Dhs837 million in the three months to March 31 compared to Dhs641 million last year.

Dubai To Temporarily Close Godolphin Stable

Sheikh Mohammed said that no horse will run from the Newmarket stable until he is sure the yard is clean.