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Earthquake Witness Accounts In Dubai, Abu Dhabi

People in the UAE recount their first reactions to the earthquake that hit Iran on Tuesday and sent shock tremors across the GCC.

Dubai’s Arabtec Inks Joint Venture With Samsung Engineering

The new company will focus on large energy and power-related projects in the region.

Dubai Developer Nakheel Q1 Profit Up 36%

Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.

No Loss Or Damage In UAE After Earthquake, Confirm Officials

The 7.8 magnitude earthquake that hit Iran on Tuesday sent strong tremors across the GCC.

VIDEO: After The Dubai Earthquake

Dubai office workers spilled out into the streets as tall buildings were evacuated immediately after the tremor.

Emirates Holidays To Be Franchised, Targets Digital Growth

In regulated markets the division will team up with partners that have licensing expertise and knowledge, while in the unregulated markets it will seek exclusive GSA partners

Arabtec Not Interested In Buying Drake Stake

Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.

Twitter Users In Dubai Earthquake Frenzy

Social media users across the GCC reported their ‘experiences’ of a second earthquake in eight days.

Major Earthquake In Iran, Shocks Felt In Dubai

A major 7.8 magnitude earthquake rocked Iran on Tuesday.

Cityscape Abu Dhabi: Aldar Wins Contract To Build 996 Villas

Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.

Dubai Police Adds Ferrari FF To Its Fleet

After unveiling a Lamborghini Aventador patrol car last week, Dubai Police now plan to launch a Ferrari.

UAE Investors Prefer Property Over Gold

Real estate is currently the preferred asset class for investors in the UAE, finds new survey.

Austrian Airlines €90 Million Investment To Benefit Dubai Passengers

Business class passengers can sink into flatbed seats and enjoy touchscreen monitors

Emirates NBD Eyes 40% Retail Lending Boom

ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.

UAE Credit Bureau May Struggle For June Start

Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.

Goldman Sachs Middle East Senior Banker Resigns

Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.

Dubai Most Profitable ME Route For Turkish Airlines

Its Dubai-Istanbul route has seen a 16 per cent growth in business class passenger revenue.

Emaar Launches Burj Vista In Downtown Dubai

This is the Dubai-based developer’s fifth property project launch so far this year.

Etihad Launching Belgrade Flights

Etihad aims to tap into growing UAE trade flows and connect Serbian diaspora in Australia and US.

Dubai Developers To Revive Housing Projects

Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.

Dubai Islamic Bank Q1 Net Up 17%

The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.

Dubai Rents Up 10% In Q1 2013, Set To Rise Higher

Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.

Global Hotel Alliance Relocates Head Office To Dubai

Relocation provides 18-brand alliance with tax benefits and signals city’s growing commercial allure

Union Properties Shareholders’ Approve $109m Debt Extension

The Dubai-based property developer’s loan has been extended until August 20, 2017.

Arabtec Shareholders Approve Capital Raise

Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.

UK Property Developers Woo ME Buyers

New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.

Abu Dhabi Fund Mubadala Swings Back Into Profit In 2012

The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.

Dubai Police Unveil Lamborghini Aventador Patrol Car

The $500,000 vehicle will ‘help to facilitate policing on highways’ as it’s capable of a top speed of 350 km/h.

Emirates Starting Stockholm Flights

Emirates targets growing bilateral trade links and outbound Swedish leisure traffic

Serbia Hints Etihad May Invest In JAT Airline Next Week

Abu Dhabi-based Etihad is mulling the acquisition of a 49 per cent stake in the indebted Serbian airline.