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UAE’s RAK Petroleum Plans To list In Oslo

The firm aims to raise $25 million in an initial public share offering (IPO).

Emirates To Launch A380 On Milan Route

The A380 service will help boost capacity by around 38 per cent on the Dubai-Milan route, the airline said in a statement.

Dubai’s RTA Launches Drone Service To Monitor Projects

The Roads and Transport Authority said that drones help access areas that are unreachable through human means and can also be used during emergencies on roads.

Iran Releases Journalist, American Husband Still In Jail

Yeganeh Salehi, Tehran correspondent for the UAE English language newspaper, The National, was freed last week and is said to be in good health.

Falcon Private Bank Appoints New Global Head Of Private Banking

Erich Pfister joins the bank from Credit Suisse, where he was head market area United Kingdom and international.

UAE’s Emke Group Buys Stake In East India Company

The group will acquire almost 10 per cent stake in British trading firm East India Company along with a 40 per cent share in its fine foods subsidiary.

UAE Says Biden Apologises For Any Implication It Supported Militants

State news agency WAM said on Sunday that Biden had telephoned Sheikh Mohammed bin Zayed al-Nehayan, who is also the deputy supreme commander of the UAE armed forces, over the comments.

UAE Says Shocked By US Vice President’s Comments On Terror Financing

Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.

Has Dubai’s Property Market Finally Lost Steam?

Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.

Revealed: Last Minute Eid Hotel Deals In The UAE

Packages still available for hotel stays across the country on local deals website Triperna.com.

Emaar Properties Mulls Listing Hotels Unit – Chairman

Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.

Dubai Detectives To Get Google Glass Face-Recognition Technology

Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.

Up to 40% Of UAE YouTube Users Come From Mobile

A study by Google found that 80 per cent of smartphone users in the UAE watch online videos on their devices.

Emirates President Says Asian Demand For Africa Flights Hit By Ebola

Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.

Dubai Bourse To See Further Listings By Year-End – Chairman

DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.

Dubai’s Emaar Malls Group Jumps 20% On Listing

Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.

Budget Airline AirAsia Considers Flying Into Dubai -Group CEO

The group’s chief executive said that he was not currently looking to set up an affiliate in Dubai, but it could be a possibility in the future.

Abu Dhabi Bourse Aims For Debt Trading Market With Govt Bond Listing

The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.

Dubai Financial Regulator Seeks To Wind-Up Local Arm Of Espirito Santo

The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.

Dubai Lender ENBD Raises Debut New Zealand Dollar Bond

The bond represents the cheapest five-year funding raised by Emirates NBD in the last six years.

UAE Consumers Not Concerned With iPhone 6 Plus Bending Issues

While ‘Bendgate’ may not have an impact, concerns that the phone does not have a “premium” feel may hamper UAE sales, says expert.

UAE Residents Prefer Luxury Experiences Over Goods-Study

The study noted that 33 per cent of the UAE residents expect to step up their luxury spending over the next few months.

Nakheel Awards Dhs120m Infrastructure Contract For Al Furjan To Dubai Firm

The contract is for work in Al Furjan Phase 2 and covers the construction of 16km of roads at the community.

National Bank Of Fujairah Launches New Islamic Unit

NBF Islamic will offer a series of retail banking products in the initial stage but the bank plans to diversify Islamic offerings.

Dubai Chamber Of Commerce Opens Ghana Office

The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.

Dubai World Agrees Restructuring With Largest Creditors

Under the new deal, the repayment date of the biggest chunk of debt under Dubai World’s $25 billion restructuring would be extended.

Revealed: Top Five Affordable Areas To Rent In Dubai

The areas that command the least residential rental rates in Dubai, as compiled by propertyfinder.ae.

Abu Dhabi’s TDIC Sells Out Phase 1 Of New Beachfront Project, Mamsha Al Saadiyat

The new mixed-use development is located in the Saadiyat Cultural District.

Emirates Starts A380 Dallas Flights

New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney

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Dubai’s ICD Exploring Investment Opps With Africa’s Dangote

The statement follows the Investment Corporation of Dubai’s stake purchase in Dangote Cement in September for $300 million.