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Abu Dhabi Islamic Bank Eyes Sukuk Sale

The lender has mandated HSBC, Morgan Stanley, National Bank of Abu Dhabi and Standard Chartered to arrange the roadshows.

Saudi Labour Costs Highest In GCC

Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.

Bank Of Sharjah Profits Up 1%

The lender grew its total number of assets by five per cent while its shareholders’ equity dropped by two per cent.

Abu Dhabi’s TAQA Seeks New Terms For Dutch Gas Transport Tariffs

TAQA has a 60 per cent stake in Netherlands’ 4.1 billion cubic metre Bergermeer storage facility.

Souq.com Receives New Buyer, Naspers Limited

South African media group Naspers has acquired a minority stake in the Middle East e-commerce site, for a rumoured $40 million.

Emirates, Etihad Cancel Flights As Hurricane Sandy Nears

The massive hurricane is expected to hit the US east coast on Monday evening.

Dubai’s Global Village Sees 600,000 Visitors

The entertainment venue, which opened on October 21, saw 260,000 visitors during the first two days of Eid.

Expat-Owned Start-Ups Thriving In UAE

Data from government department, Dubai Internet City and a local awards highlights the success of expat-owned companies.

UAE Condemns EU Parliament Over Human Rights Resolution

The EU resolution that criticised the UAE’s human rights record was “biased and prejudiced,” said a senior minister.

TAQA Hires Banks For $2bn Loan Refinancing

The financing will include a three-year and a five-year revolving credit facility.

Green Tourism Gains Ground In The UAE

After years of bad headlines, the UAE is beginning to transform itself into a sanctuary for eco-tourism.

Fashion Brand Brioni Opens Shop In Dubai

CEO Francesco Pesci speaks to Gulf Business about the brand’s expansion in the Middle East, its PPR takeover and James Bond.

Apple’s iPad Mini To Reach UAE Before Year-End

Apple’s new smaller tablet is expected to ‘officially’ reach UAE shelves within the next three months, say retailers.

Etisalat Q3 Profit Up 28% After Indonesia Sale

The UAE’s leading operator reported third-quarter net profit of Dhs2.21 bilion and revenue of Dhs8 billion.

Groupon And YaDig Launch Review Partnership

New alliance will see regional website’s reviews published on global giant’s website.

Emaar Reports 4.7% Drop In Q3 Profit

Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.

UAE Salaries To Rise 5% In 2013

About 70 per cent of companies in the GCC are also planning to increase headcount next year, says new survey.

Dubai’s Aramex Q3 Net Profit Rises 11%

The Dubai-based logistics firm reported third-quarter net profit of Dhs53.1 million.

UAE’s Oil Pipeline Fully Open By Year End

The onshore pipeline will carry the majority of Abu Dhabi’s oil exports from storage fields in Fujairah.

Abu Dhabi-Led Group Submits Lowest Bid For Saudi Power Plant

A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.

Dubai’s Tamweel Q3 Profit Falls 46.5%

The mortgage lender saw profits drop on higher provisions and funding costs.

Top 10 Eid Getaways

Gulf Business lists 10 holiday destinations you can reach within five hours by flight from Dubai.

Dubai’s MOE Ranks Among World’s Top 10 Lucrative Malls

Mall of the Emirates earns $1,423 per square foot every year, says new research.

DP World Sells Stake In Russian Firm For $230mn

Dubai Ports is selling its minority stake in Vostochnaya Stevedoring to Global Ports Investment.

Ritz-Carlton DIFC Hosts Major Arts Auction

Pieces by Renoir, Picasso and Dali to go under the hammer as the region’s art market strengthens.

Emirates NBD Sees 267% Increase In Q3 Net Profit

The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.

Du Posts 34% Rise In Q3 Profit As Margins Rise

The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.

Nakheel’s 9-Month Profit Nearly Doubles

The first three quarters of the year sees further recovery for Dubai’s debt-laden property developer.

Abu Dhabi Property Value Falls 6.8% In Q3 2012

Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong

Top 10 Trends At Gitex 2012

Gulf Business provides a round up of the Middle East’s biggest ICT event.