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UAE’s Abraaj Group Sells Thai Hospital Stake

Abraaj sold its stake in Vejthani to KPJ Healthcare for an undisclosed sum.

Nike Unveils McIlroy Sponsorship In Abu Dhabi

The golfing star has split from previous sponsor Jumeirah and joins Tiger Woods.

China To Join UAE-Based IRENA

The International Renewable Energy Agency (IRENA) now has 160 participating countries.

Morgan Stanley To Trim Dubai Staff Amid Global Cuts

The bank plans to slash 1,600 jobs globally to reduce costs.

Dubai Airport’s Terminal 1 To Receive Upgrade

Once the refurbishment of Terminal 1 is complete next year, it will be linked via a new elevated train system to Concourse D, which is currently under construction.

New UAE Mortgage Rules Seen Positive For Banks

The UAE central bank reportedly plans to issue broad regulations for the housing mortgage industry this year.

Abu Dhabi Plans 5,000 New Jobs For Emiratis In 2013

The Abu Dhabi Executive Council has announced a Dhs330 billion financial injection to fund various projects and initiatives in the emirate.

UAE Central Bank Plans Broad Mortgage Rules By Mid-2013 – Sources

The new regulations are expected to include the mortgage caps introduced by the central bank late last year.

UAE’s TAQA Buys Stake In India Hydro Plant

The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.

Kenya Sees 96.3% Rise In UAE Visitors

A total of 32,865 people arrived in Kenya from the UAE in the first ten months of 2012.

Eastern Mangroves Opens Dhs55,000-a-night Suite

Luxury two-floor facility targets government ministers, VIPs and celebrities.

Dubai’s DFM Up 20% In 2012

The Dubai bourse was the GCC’s best performing stock market.

France’s Hollande In UAE Visit For Total

The French President will meet Sheikh Khalifa bin Zayed al-Nahayan to help Total win a $10 billion deal.

UAE Expected To Invest Millions In Serbia

The UAE will sign a deal next week concerning Serbia’s weapons industry worth $132 million.

Dubai Economy Bets On Superjumbo Air Travel Boom

The emirate has just opened the world’s first airport terminal purpose-built to handle Airbus A380 planes.

Crescent Petroleum Supports Dana Gas Restructuring

Abu Dhabi-listed Dana reached an agreement with creditors to amend terms of a $920 million Islamic bond.

Etihad Sees Busiest Day For Passengers

The Abu Dhabi airline set a new record for the number of people it carried in a single day.

Jumeirah Ends Relationship With Rory McIlroy

The world’s number one golfer parts ways with the Dubai hotel group as Nike beckons.

Abu Dhabi’s TAQA Buys 50% Interest In US Wind Power Project

The acquisition of the 205.5MW Lakefield wind project in Minnesota is expected to close in Q1 2013.

Tiger Woods To Begin Season In Abu Dhabi

The former world number one will compete for the $2.7 million prize at the Abu Dhabi Golf Club on January 17.

Emirates NBD Islamic Unit In Rights Issue

Dubai’s biggest bank will offer 1.5 billion shares at Dhs1 each between January 25 and February 3.

UAE Produced 2.8m BPD Of Oil In December

Oil minister Mohammed al-Hamli said he hopes production capacity will reach 3 million bpd this year.

Dubai Announces Drive To Develop Islamic Business

The emirate plans to form a committee to work on six major initiatives under the project.

Etihad Profits From South China Exports

Etihad Cargo announces new direct weekly freighter operation from Abu Dhabi to Guangzhou.

UAE Discussing Rafale Jets With France

The on-off negotiations over 60 fighter jets have been ongoing for several years.

Dubai’s Property Market Ranked World’s Strongest

The emirate’s residential property index jumped 13.46 per cent in 2012.

UAE’s Aldar And Sorouh Reach Initial Merger Deal

The two Abu Dhabi-based property developers have a combined market capitalisation of about Dhs10 billion.

Dubai’s Just Falafel Plans 20 New UK Stores In 2013

The company has launched it’s first store outside the Middle East in London.

Dubai’s DEWA Plans $1bn Islamic Bond Issue

The proceeds of the sukuk will be used to refinance existing debt and to invest in company projects.

Rotana Kick-Starts Dhs2bn Al Ghurair Expansion

The number of stores at the adjacent shopping centre is set to rise from 200 to 350 this year.