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Arabtec To Buy EFECO Unit For $45m

Emirates Falcon Electromechanical Co specializes in the electro-mechanical building services sector.

Etihad Buys Jet Airways Stake For $379m

The Abu Dhabi carrier is approved to buy 27.3 million shares at 754.74 rupees each on a preferential basis.

Samsung Galaxy S4 To Hit UAE Stores On April 27

The phone is priced at Dhs2,599 and will be available at all major retail outlets in the country.

Abu Dhabi Among Top 10 Global Shopping Centre Developments

The emirate is rapidly developing new retail space, finds new report.

Godolphin’s Al Zarooni Hearing Set For Thursday

Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.

Mashreq Capital Plans $100m Islamic Equity Fund

The investment unit of the Dubai lender plans to raise between $75 million and $100 million for the fund.

Abu Dhabi’s Senaat Plans Over $600m Investment In Industry

The company’s revenues totalled Dhs12.3 billion in 2012, up 7.2 per cent over the previous year.

Dubai Investments To Complete $191m Asset Sale This Year -CEO

The company’s first-quarter profit was likely to be about Dhs190 million, said CEO Khalid bin Kalban.

Etisalat’s Q1 Profit Flat As Margins Weaken

The UAE-based telecoms operator made a net profit of Dhs1.83 billion in the first quarter, up 1.1 per cent from Q1 2012.

National Bank Of Abu Dhabi Q1 Profit Up 36%

The bank posted net profit of Dhs1.41 billion ($384 million) in the first three months of 2013.

Barclays’ Senior MENA Banker Resigns

Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.

Abu Dhabi’s Kizad Signs Dhs33m Deal With Cast Aluminium Industries

UAE-based CAI has signed a long-term land rental agreement to operate in Kizad’s aluminium industrial cluster.

Al Habtoor Unveils Water-based Theatre Plans

But Group CEO confirms there will be no new Metropolitan Hotel on the three-hotel site

UAE Eyes Gasoline Self-Sufficiency From End-2014

The UAE currently produces around 2.7 million tonnes and relies on imports for the rest, according to officials.

UAE’s Dana Gas Expands Gas Exploration In Egypt And Lebanon

Abu Dhabi-listed Dana Gas has won a bid to develop an offshore block in Egypt’s Nile Delta.

UAE-Based Flydubai Latest Carrier Flying To South Sudan

The low-cost carrier will link Juba with Dubai four times a week.

UAE Stock Markets Hit New Multi-Year Peaks

Dubai’s index rose 1.4 per cent to 1,986 points, its highest level since December 2009.

Dubai Knowledge Village, Academic City See 24% Growth

The business parks now encompass 564 companies with an influx of HR and recruitment names in 2013.

Air Arabia Posts 17.5% Rise In Q1 Passenger Numbers

The low-cost carrier introduced three new routes in the first quarter of the year.

Marks & Spencer, Mango Stores To Open In Al Ghurair Centre

The Dubai-based mall is undergoing a massive Dhs2 billion-expansion project.

Pudner To Leave Dubai’s ENBD, New CEO Will Reveal Priorities

Pudner is expected to stay as CEO until his contract expires at the end of this year.

GEMS Education Raises $545m Expansion Loan

The loan is a mix of Islamic and conventional financing managed by lenders including Abu Dhabi Islamic Bank and Dubai Islamic Bank.

Emirates NBD CEO Rick Pudner Resigns

Pudner has been at the helm of Dubai’s biggest bank since 2006 after 24 years at HSBC.

U.S. Nears $10bn Arms Deal With Israel, Saudi Arabia, UAE

The deal will take V-22 Osprey aircraft, advanced refueling tankers, anti-air defense missiles and 25 F-16 Desert Falcon jets to the region.

Etihad Travel Mall Opens In Dubai

New round-the-clock, comprehensive facility targets more Dubai passengers

NBAD Signs Refinancing Deal With Paris’ Prince de Galles Hotel

The Abu Dhabi lender is refinancing the renovation of the Parisian five-star hotel that is scheduled to re-open in May 2013.

UAE Arrests Al Qaeda Cell Targeting Country’s Security

State news agency WAM said the members were of various Arab nationalities and were recruiting, financing and providing logistical support to al Qaeda.

Is Dubai Earthquake Proof?

What was it like being in the Burj Khalifa during the earthquake? Our structural design expert explains.

Etisalat Draws Strong Bank Demand For $8bn Maroc Tel Bid Loan

The UAE telecoms operator has already secured the backing of 12 banks and up to four more could join.

Emirates Sponsoring Roland Garros Tournament

Latest agreement is the third tennis sponsorship in Europe after the Italian Open and recently announced Barcelona Open