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Dubai Islamic Bank To Boost Capital Through Sukuk Sale

The dollar-denominated Islamic bond is expected to be benchmark-sized.

Shoppers Fuel 10% Dubai RevPAR Rise

Hoteliers benefited from the month-long Dubai Shopping Festival and high in-flows of tourists, particularly from Europe

EXCLUSIVE: Oberoi Dubai Targets March Opening

The 250-room hotel is the luxury Indian chain’s first UAE property.

UAE’s First Online Shopping Mall Goes Live

Retail plays an important role in the UAE’s economic growth, accounting for 12 per cent of Dubai’s GDP over the last ten years.

Starwood Relocates Global HQ To Dubai In March

With 80 per cent of Starwood’s pipeline coming from rapidly growing markets, President says it’s not possible to lead a truly global business “from a boardroom in Connecticut”

First Gulf Bank Repays $1.2bn Government Support

The UAE’s Ministry of Finance placed Dhs70 billion ($19.1 billion) with banks after the 2008 financial downturn.

Shareholders Approve Aldar-Sorouh Merger

Mohamed Al Mubarak was named the deputy chief executive and chief portfolio officer of the new entity.

Emirates’ Perth Flights Go Triple Daily

Latest capacity increase means the airline’s services have grown more than five-fold since it first flew to Perth in 2002

New Dubai Firm To Manage Islamic Endowments

Awqaf are believed to control tens of billions of dollars worth of assets around the Muslim world.

Al Habtoor And Accor Mull Partnership

Al Habtoor has talks with global operator about potential projects at home and abroad

Dubai’s Noor Sets Up JV With State-Owned AMAF

The new company, called Noor Awqaf, is being set up with a share capital of Dhs10 million.

Gulf Investors To Bid $2.3bn For Arsenal FC

Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.

Revealed: Top 10 UAE Bank Profits In 2012

Gulf Business brings you the top 10 banks in the UAE that made the largest profits last year.

Arabtec’s New CEO Says Aabar Not Seeking Stake Increase

Abu Dhabi investment fund Aabar has a 22 per cent stake in the Dubai-based contractor.

UAE’s ENEC Applies For Licence To Build More Nuclear Reactors

Emirates Nuclear Energy Corp (ENEC) was awarded a licence for the construction of the first two reactors last July.

Novak Djokovic Seals Dubai Tennis Title

This is the Serb’s fourth Dubai Championships win in five years.

Property Speculators’ Return Fuels Dubai Bubble Fear

Queues of investors have formed outside the offices of real estate developers in scenes that recall the emirate’s boom days before 2008.

Dubai Utility DEWA Launches $1bn Sukuk

The utility printed the five-year paper at par at a profit rate of three per cent.

VIDEO: Etihad To Launch Biggest Ever Global Brand Campaign

The airline’s first such initiative for three years, it will comprise TV, print, outdoor and digital elements.

Emaar Reports Strong Investor Interest For New Property

Dubai-based developer says its website received traffic from 75 countries for online registration for The Address Residence Sky View.

MAF Investing Dhs140m In City Centre Residence

Salman Haider, executive managing director of hotels at MAF, said work will start at the beginning of 2014.

Dubai Group Unit Sells 41.1% ONIC Stake To Oman Fund

The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.

UAE Central Bank Head – “Domestic Bond Market Essential”

Sultan Al Suwaidi said that a well developed local debt market would buffer the country from the next global economic crisis.

Arabtec Tumbles After Massive Capital Raising Plans

The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.

Federer And Djokovic Power Through In Dubai

Federer dismissed Spain’s Marcel Granollers while Djokovic overcame a late stumble to beat another Spaniard Roberto Bautista.

First Gulf Bank Eyes 10% Loan Growth This Year

The UAE lender made a net profit of Dhs1.15 billion in the fourth quarter of 2012.

Dubai Plans Central Islamic Finance Regulatory Board

The emirate is hoping to become a global hub for Islamic finance and other businesses based on Islamic principles.

Dubai’s Arabtec CEO Riad Kamal Resigns

Managing director Hasan Ismaik will replace Kamal as the new chief executive of the construction company.

Abercrombie & Fitch To Launch In Middle East With MAF

American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.

Kingfisher Airlines Loses Rights To Fly To Dubai

The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.