UAE

June 18, 2014

Iraq's armed forces is in the process of recruiting volunteers to curb escalating sectarian violence nationwide (Haidar Hamdani/AFP)
19:02 GMT

The UAE recalled its ambassador in Iraq Wednesday for consultations regarding what Abu Dhabi has described as "the continuation of the policy of exclusion, sectarianism and marginalization of basic components of the Iraqi people."

The Arabtec saga dragged down the Dubai stock market and illustrated the opaque nature of corporate affairs in the region.
15:03 GMT

The chief executive of major Dubai construction firm Arabtec resigned on Wednesday after a tumultuous six weeks during which the company's share price plunged as much as 50 percent;

A significant change in borrowing behaviours reflects a more prudent approach in the UAE.
14:15 GMT

Borrowers dropped to 28%, says Department of Economic Development

June 17, 2014

“Particularly in terms of ways to discourage quick turnaround – what people refer to as flipping of real estate in Dubai.”
11:41 GMT

In Q1 2014, there were around 13,279 individuals carrying out property transactions, up 81 per cent compared to 7,339 during the same period last year.

June 16, 2014

Victoria Bonya getting her Inglot on at an event back in October (Image: Facebook).
17:52 GMT

With sweltering summer temperatures making most folks drop with sweat, Russian supermodel Victoria Bonya still smiles brightly after she smoked the camera screens in an outdoor UAE photo shoot for Polish makeup company Inglot.

June 15, 2014

The pic Ahlam posted on Instagram of her promised gift to the Algerian team! (Image: Instagram)
08:03 GMT

UAE singer Ahlam has promised the Algerian team a diamond football should they claim the World Cup title!

The airline began non-stop daily flights from Abu Dhabi to World Cup host city Sao Paulo in June
03:55 GMT

All 64 games will be transmitted live by IMG Media using Etihad’s inflight entertainment system, E-box, a statement said.

June 12, 2014

The line-up of celebs to perform at the F1 after-race concerts. (Image: Albawaba edit)
13:43 GMT

Mohammad Assaf, Carole Samaha, Tamer Hosny and Fayez Al Saeed will be performing at the after-race concerts at Abu Dhabi's Formula 1 Grand Prix in November!

The Abu Dhabi carrier, which began operations to Los Angeles earlier this week is in the final stage of negotiations with the Italian carrier.
09:39 GMT

It is believed to be the first time the size of the stake has been stated publicly.

June 11, 2014

Dubai stocks have indeed become some of the most highly valued equities in the world, but  correction from these heights is only to be expected.
14:08 GMT

The main index of the Dubai Financial Market fell by four per cent yesterday after weekend warnings from the UAE Central Bank that the local property market was overheating

Emirates was among the first buyers for the A350 rival model to Boeing’s 787 Dreamliner when it placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.
12:45 GMT

The deal was worth around $16b at 2007 list prices, or close to $22b based on the current catalogue

The US had set a deadline of July 1 before American banks were to be required to withhold some payments to the financial institutions of countries without a Fatca agreement.
12:33 GMT

The UAE has reached an initial agreement with the US to carry out a financial data-sharing programme aimed at curbing offshore tax evasion by US citizens.

June 10, 2014

Since Dubai — home to one of the strongest real estate markets internationally — has become a global player, fees for providing services have to be on a par with the city’s growth and development, said Bin Mejren.
11:09 GMT

Dubai has become home to one of the strongest real estate markets internationally.

Al Gharbi added that the UAE is the happening place where high net worth individuals ask for new concepts in designs keeping in view the green building rules.
05:45 GMT

The Italian firms’ interest in Abu Dhabi market shows growing appittite among government, corporate and individual clients to get the best out of innovators.

June 9, 2014

The real estate registration fee in Dubai remains among the lowest worldwide.
20:55 GMT

A complaint has been lodged against a real estate firm for allegedly taking a slice out of transaction fees being collected for the government by doubling the charge to clients.