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UAE Business Activity Flat In August

A new index by HSBC shows the manufacturing and services sectors fell 0.1 points from July.

102 Firms Violate Midday Ban In UAE

Over 99.79 per cent of the firms inspected abided by the midday work ban, says labour ministry.

UAE And Brazil Trade Soars

Trade links between the two countries have never been stronger as new figures reveal a growing relationship.

UAE Ranks In Top Ten For Swiss Watch Sales

Returning consumer confidence is a driving factor for the UAE luxury sector.

Maradona Appointed Dubai Sports Ambassador

The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.

Etihad Raises Virgin Australia Stake To 10%

The Abu Dhabi-based carrier has doubled its stake in the Australian carrier but no plans for a majority.

Sharjah Eyes Foreign Investments

The emirate is aggressively seeking economic investments from Asian nations.

Abu Dhabi Launches New Port, May Compete With Dubai

The multi-billion dollar Khalifa Port can handle 12 million tons of general cargo annually in the first phase.

UAE Healthcare Firm NMC’s H1 Profit Jumps 21%

The company made a net profit of $27.5 million in the first six months of the year.

DP World’s H1 Profit Flat, Cites Global Climate

The Dubai-based port operator made a profit of $247 million in the first half of the year.

EXCLUSIVE: Phil Broad Resigns From Jumeirah Restaurants

Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.

Dubai Court Approves Drydocks $2.2bn Debt Plan

The Dubai World Tribunal formally approved the restructuring of shipbuilding unit Drydocks World.

UAE To Boost Oil Production Capacity

The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.

Nakheel Refunds $57m To Investor Who Bought Three Islands

Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.

UAE Residents Find Online Banking “Safe”

According to a new survey in the UAE by Western Union, 76 per cent of the respondents find internet banking safe.

Yemen’s Aden Port To Cancel DP World Deal -Official

The two parties will use international arbitration if they are unable to reach an agreement, says official.

Etihad Starts Daily Flights To Tokyo, Casablanca

Abu Dhabi’s flag carrier announces daily services will begin early next year.

Dubai Higher Committee approves allocation of 2000 residential land plots

Dubai Property Value Drops In H1

The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.

Biggest Banks In The UAE

Higher capitalisation and new profits in the UAE are threatened by the Eurozone and weak global growth.

India’s Jet Airways Introduces Sharjah-Mumbai Route

The Indian carrier will also resume services to Kuwait and Bahrain from Kochi in its winter schedule.

Etihad Increases Virgin Australia Stake To 6.1%

The Abu Dhabi-based carrier bought over $10 million worth of Virgin shares to raise its stake from 5.1 per cent last month.

UAE Banks Cash In On Euro Disaster

Fears of a Euro lending shortage appear overblown as local banks grow their loan books.

Job Opportunities In The UAE Bleak

New consumer confidence survey reveals there are few jobs currently available in the country.

Abu Dhabi Food Prices Rise 3.3% During Ramadan

The biggest hikes were recorded in the prices of fish, vegetables and meat, according to official statistics.

UAE Banks Told To Extend Loan Maturities For Citizens

The UAE Central Bank has told lenders to reschedule citizens’ loans by more than 48 months.

RAK Airport Passengers Up By 78.3%

RAK Airport sees influx of European and Russian tourists.

UAE Unveils New Online Property Auction

Asteco partners with real estate auction website to provide new solution for UAE property owners.

UAE Awards Nuclear Fuel Supply Contracts Worth $3bn

The contracts have been awarded to six international companies including Rio Tinto and France’s Areva.

Drake & Scull Q2 Net Profit Drops 42%

The contracting company said that higher finance costs for acquisition and contracts provisioning led to the fall in profit.

UAE’s Deyaar Sees Small Q2 Profit Rise

The developer slashed costs to offset revenue drop following the collapse of Dubai’s property market.