Home GCC UAE

UAE

Mortgage Caps Not Yet Imposed In UAE, Confirms Central Bank

Th central bank says it will consult commercial banks in the UAE before issuing a new ruling on lending.

Aldar, Sorouh Merger “Positive” For Market – Expert

The Abu Dhabi- based real estate developers are merging to form a new entity with Dhs47 billion in assets.

Audi Plans To Double Middle East Sales by 2020

German luxury car maker hopes to sell 20,000 vehicles per year by 2020.

Dubai Eyes New Sukuk Issue, May Raise Over $1bn

The government has mandated four banks to arrange the Islamic bond, according to sources.

Dubai’s Residential Rents Rise 16% In 2012

The emirate’s property market posted a strong recovery in 2012 with upward trends for sales and leasing, says CBRE report.

Top Trends For UAE Real Estate In 2013

Property consultant Jones Lang LaSalle outlines the key factors that will impact the UAE’s property market this year.

Etihad Signs ‘Multimillion Dollar Deal’ With Sydney Opera House

Abu Dhabi airline become the cultural icon’s exclusive international airline partner

Abu Dhabi’s Aldar, Sorouh Announce Merger

Sorouh will be dissolved as part of the merger, and the new entity, called Aldar Sorouh Properties, will have over $47 billion in assets.

UAE Central Bank Will Not Impose Mortgage Caps – Report

The central bank governor has reportedly claimed that the new rules are not imminent.

UAE’s Aldar, Sorouh Boards Approve Merger

The Abu Dhabi-based property developers will merge through a share swap, according to sources.

Emirates Backs Dubai’s World Expo 2020 Bid

The airline operates the largest A380 fleet globally and will be “a powerful tool” to further Dubai’s bid.

Exclusive: Masdar Eyes Investment In South Africa

South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.

Emaar Launches Serviced Apartments In Downtown Dubai

The 55-level development includes 280 residences and is part of the Dubai Mall expansion project.

Flydubai Flies On CIS Growth

More than 40 per cent of flydubai’s new routes last year concentrated on CIS and Central and Eastern Europe destinations.

Photos: World First Attractions At Abu Dhabi’s Yas Waterworld

Abu Dhabi’s new water theme park will offer never-before-seen rides and thrills when it opens next week.

QE2 To Be Converted Into Asia-Based Floating Hotel

The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.

UAE’s Etisalat Eyeing Vivendi’s Maroc Telecom Stake

Etisalat has submitted interest in buying the 53 per cent stake in Morocco’s Maroc Telecom, valued at around $5.8 billion.

Pictures: Eco-Friendly Cars Of The Future

Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.

UAE Economy Grew Around 4% In 2012, Seen Steady In 2013

The Gulf state posted a GDP growth of 4.2 per cent in 2011.

Exclusive Video: Abu Dhabi HSBC Golf Championship Underway

VIDEO: Golf Digest Middle East editor Robbie Greenfield reflects on a mouth-watering contest between Tiger Woods and Rory McIlroy.

UAE Banks To Propose New Mortgage Cap

The central bank is believed to be cooperating with the EBA on the plan.

Exclusive: CEO Of Abu Dhabi Ports Talks Phase One

Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.

UAE Sees No Need To Reduce Oil Output

The UAE produced around 2.60 million bpd of crude in December and November last year.

Gulf Airports Warned Over Security Threats

Regional airports were warned today to remain vigilant from ever-present security threats.

Dubai’s Amlak In $1.9bn Debt Talks

The mortgage lender is in talks with a creditor committee and Dubai’s largest banks.

Emaar Says No Plans To Spin Off Malls

The Dubai developer has denied reports it is planning to list its malls business.

Palm Jumeirah Dubai’s Preferred Place To Live

Emirates Hills comes joint top with the Palm in poll by local property portal.

Dubai Airport Freezone Sees Revenues Rise 26%

A new AED300 million project underway includes seven floors of new offices for international organisations

Etihad Starting Amsterdam Flights

Abu Dhabi airline’s arrival in May will help boost Netherlands-UAE trade links, currently valued at $3.6 billion

Emirates Airline President – “Oil Prices Spiked By Greed”

Tim Clark tells Gulf Business the airline industry will continue to face problems in 2013.