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July 24, 2014

Dubai International saw a rise in passenger traffic despite a runaway refurbishment programme earlier this year (File/AFP)
14:27 GMT
Good news in time for Eid! Dubai International's passenger traffic has already topped expectations and is up by 6.2 percent in the first half of 2014.
Emirates NBD profits were helped by revenue growth in Retail Banking & Wealth Management, along with the Islamic banking subsidiary, Emirates Islamic (File/AFP)
13:55 GMT
The UAE's largest bank, Emirates NBD, reported a net profit growth of 30 percent for the first half of the year.
Majid Al Futtaim is one of the leading shopping mall, retail and leisure pioneers in the Middle East (File/AFP)
12:39 GMT
Major retailer Majid Al Futtaim reported a 14 percent increase in revenue for the first half of the year, compared to 2013.
The low-cost airline will launch direct flights to Mumbai starting October 28 (Image: flydubai)
12:07 GMT
Low-cost airline flydubai announced a direct route to India's Mumbai, starting in late October. The carrier will also increase its flights to Delhi to five weekly.
The Dubai Real Estate market has become the focus of attention for an increasing number of investors from around the world
08:47 GMT
The launch of mega projects and renewed investor confidence have boosted real estate transactions in Dubai to Dh113 billion for the first half of the year
In the third quarter, Apple made a net profit of $7.75 billion and revenue of $37.4 billion, fuelled by healthy sales of Mac and iPhone
08:38 GMT
Consumer electronics giant Apple expects revenues to be flat in the fiscal fourth quarter ending September and predicts revenue to be between $37 billion and $40 billion.
ADPC’s commercial ports handled 6.4 million freight tonnes (FT) of general cargo in the first half of this year
08:31 GMT
General cargo moving through Abu Dhabi’s commercial ports increased by 37 per cent this year.

July 23, 2014

More than 65 percent of those participating in the survey said mobile banking is an important trend for the future (File/AFP)
13:09 GMT
The UAE is now ranked as one of the top three countries in the world's online banking sector, according to a technology study. Will it be virtual banking for all in the future?
Dubai's airport handled 29.6 million passengers in the first five months of 2014 (File/AFP)
11:28 GMT
Dubai International Airport is expected to be the world's busiest airpot in 2014, beating London's Heathrow with a 9.2 percent rise in passengers.
Consumer confidence in UAE has dropped amid fears over rising rents
11:27 GMT
Many UAE consumers are spending less than they used to due to concerns about rising rents and living standards, findings of a new study suggest.
The Dubai Metro commuters will be able to avail its services for longer hours during the Eid Al Fitr holidays
10:57 GMT
Trains on the red line will begin at 5:30 am on Monday (July 28), Tuesday and Wednesday, and end at 1:00 am the next day. Green line trains will begin at 5:50 am, with other timings remaining the same.
The profit gains add to RAK Petroleum's fifth consecutive year of profitability (File/AFP)
10:48 GMT
Leading energy investment company, RAK Petroleum Public Company, posted $15.81 million net profit since December 2013, marking a fifth year of increased gains.
It is the sixth successive quarter of increases in sales prices for residential units, with a 7 percent rise over the April-June period
10:23 GMT
Sales prices in Abu Dhabi’s residential property sector have increased by average of 17 percent in the first half of 2014, according to JLL.
The department store will be the largest in the GCC region (Image: Aldar Properties)
10:19 GMT
Aldar Properties will join forces with Chalhoub Group to create the regions biggest department store in Abu Dhabi's Yas Mall.
The luxury hotel chain will open a branch in Dubai's Jumeirah Beach later this year (File)
09:30 GMT
Four Seasons Resort at Jumeirah Beach is aiming to open on December 1, the hotel chain announced.
Over 300 investors from across the globe visited Damac venues across the UAE (File)
08:38 GMT
Leading housing developer Damac Properties announced that all units from the luxury Loretto project sold out in one evening.

July 22, 2014

A Palestinian man carrying UN-supplied aid. Up to 100,000 Palestinians have been displaced since the start of Israel's offensive in Gaza (Mohammed Abed/AFP)
06:57 GMT
The United Nations sent 115 metric tonnes of aid comprising mattresses, blankets and hygiene kits from Dubai to Amman on Monday for onward distribution to families in Gaza displaced by Israel's military offensive.
The UAE wants Al Jazeera to apologize for allegedly publishing fabricated news that the UAE´s foreign minister offered to pay for Israel´s offensive in Gaza (Shutterstock).
05:00 GMT
The United Arab Emirates (UAE) Minister of State for Foreign Affairs Dr. Anwar Gargash has demanded that news network Al Jazeera apologize for publishing fabricated news that the UAE offered to pay for Israel´s offensive in Gaza.

July 21, 2014

In the long-term, the project will see parks have playing equipment installed for children with special-needs.
21:28 GMT
Dubai Municipality has announced plans to make parks in the emirate more disabled-friendly by 2016.
Other powerhouses in Dubai also crashed.
04:55 GMT
Arabtec was suspended from trade on Thursday due to ambiguity on share ownership by Aabar Investments.

July 20, 2014

Dubai One will be re-launched on Sunday September 14, according to the statement on the DMI website.
15:23 GMT
Dubai One, the Dubai government-owned English-language television channel, confirmed on Friday it is no longer producing content locally.
Shaikh Zayed Road is one of Dubai’s biggest highways, with six lanes in each direction.
14:20 GMT
The flow of traffic on the busiest highway in Dubai will not be impacted and the number of lanes will be kept the same, the RTA has said.

July 17, 2014

Despite their recent upgrade to the more mainstream emerging market league, UAE and Qatar are considered risky enough by many investors that they still treat them like frontier markets.
16:33 GMT
Erratic price moves, difficulties of accessing the market, and deep political risks, alongside strong growth, are common characteristics of frontier markets
Yara is well-known for her simple and conservative elegance. (Image: Facebook)
08:53 GMT
Being beautiful, elegant and conservative has paid off for Yara who's been appointed as the ambassador of fashion house "Miss Bella."
The energy-rich country on the eastern tip of the Arabian Peninsula announced plans Wednesday to send the first unmanned Arab spaceship to Mars in 2021.
04:55 GMT
Having scaled the heights of Earth with the world's tallest tower, the United Arab Emirates is now aiming for the stars, or just a little bit closer, with an ambitious trip to Mar

July 16, 2014

The Garden Apartments range from studio to three-bedroom duplexes — each reflecting classic modernity while maintaining a balance of style and functionality.
16:41 GMT
Located just three kilometres from Burj Khalifa, the exclusive, ultra-stylish yet family-orientated community has more than 30 per cent of the 185-acre project dedicated to green living and is now offering its luxury homes for sale.
The overall positive market sentiment at the start of 2014 has also seen the reprisal of a number of stalled residential projects and launch of several new projects in the Northern Emirates,
15:08 GMT
Annual rates in Fujairah, Umm Al Quwain and Ras Al Khaimah remained stable with nominal increases of two and one per cent respectively.
Alwiya A Thani, has been awarded gold in the Narrative Short category at this year’s International Independent Film Awards for her short film, ‘Faith in Love’. (Image: Image Nation)
08:17 GMT
Emirati female filmmakers are on the rise, and this year one "independent" woman won the Narrative Short category at this year’s International Independent Film Awards.
Boosted by this deal, real estate was the most targeted sector, accounting 29 per cent of first half activity.
03:21 GMT
The UAE was the most active nation in the Middle East in terms of debt capital market activity in the first half, accounting for 55 per cent of activity at $12.1 billion,
Around 49,000 LinkedIn members moved to the UAE in 2013 indicating that the country is winning almost twice the number of professionals than it is losing, the social networking site for professionals said.
03:12 GMT
This will prove beneficial for the overall economy, creating more jobs, which in turn that will help future generations of fresh graduates to find employment.”

July 15, 2014

Emirates has 208 Boeing 777s pending delivery.
16:03 GMT
The $13 billion (Dh47.7 billion) OnPoint contract is for the engines that will power the airline’s 150 Boeing 777X aircraft that it is buying from Boeing for $56 billion.

July 14, 2014

Although the company will finance half the cost from its resources, it is expecting to receive the remaining funds through the debt market along with the sales of some parts of the project,
04:55 GMT
Dubai’s plans to construct mega projects such as Mall of the World could lead to another boom-bust cycle within the emirate’s real estate market
In the UAE, hotel occupancy touched 75 per cent in May.
04:55 GMT
Hotel room rates in Dubai normally peak during the January-April period and the two Eid holidays.

July 13, 2014

The ranking, published by www.TopMBA.com, is unique in that it highlights the value of MBA programs based on employer demands of MBA graduates.
18:32 GMT
The rank was based on the demands of international employers for MBA graduates.
The airline will also operate four flights a week to the world-class tourism and economic hub, Hong Kong, and three flights a week to Algeria’s vibrant capital and largest city, Algiers.
16:47 GMT
Etihad Airways will launch six new routes in the first half of 2015, offering even more choice and improved connections to travellers worldwide.
The results indicate increases of 35 per cent in tourists from the UAE, 6.3 per cent from Saudi Arabia and 10.8 per cent in tourists from Kuwait.
16:26 GMT
The average stay for the Arab tourist — particularly GCC nationals — increased from 9.5 nights in 2013 to 11.6 nights in 2014.