Tuesday 5 May 2015
 
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UAE

Dana Gas Q1 profit tumbles 73pc

United Arab Emirates energy firm Dana Gas posted a 73.3 per cent drop in its first-quarter net profit on Tuesday due to lower hydrocarbon prices but said it was pressing ahead with an offshore gas project in its home country. The

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Shopping, conferences boost Dubai visitors by 8pc

The number of visitors to Dubai rose 8.2 per cent to 13.2 million in 2014, helped by easier entry rules, more business conferences and an expanding entertainment and retail sector, its tourism chief said on Monday. The emirate sho

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Hyatt to open 9 new hotels across GCC

Leading hospitality company Hyatt said its continues to spotlight the burgeoning Gulf Cooperative Council (GCC) market with new hotels across several of its brands, with atleast nine new hotels expected open across the region by 2017.

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Faithful+Gould signed up for $1bn UAE mall project

Faithful+Gould, a leading integrated project and programme management consultancy firm, has become the latest professional advisor to join Abu Dhabi’s $1-billion Reem Mall project. Set to be one of the most prominent retail

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Faithful+Gould signed up for $1bn UAE mall project

Faithful+Gould, a leading integrated project and programme management consultancy firm, has become the latest professional advisor to join Abu Dhabi’s $1-billion Reem Mall project. Set to be one of the most prominent retail

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Air Arabia plane diverted to UAE airbase after blast warning

An Air Arabia airliner flying from Kuwait to the United Arab Emirates was diverted to a UAE military airbase on Sunday after a passenger warned the plane was about to explode, the UAE state news agency WAM reported. The a

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EIBOR panel to stop fixing rates on Saturdays

The panel of banks fixing the Emirates Interbank Offered Rates has decided not to fix EIBOR rates on Saturdays, with effect from May 29, state news agency Wam quoted a central bank statement as saying. Currently, a fixing is sched

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Retail boom, housing to drive ME real estate market

The rising demand for destination retail and affordable housing is likely to drive the growth of real estate market in Middle East region which is likely to hit $113 billion by 2019, said a report. The future growth of the regiona

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Retail boom, housing to drive ME real estate market

The rising demand for destination retail and affordable housing is likely to drive the growth of real estate market in Middle East region which is likely to hit $113 billion by 2019, said a report. The future growth of the regiona

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Jannah Burj Al Sarab to open in May

Abu Dhabi-based Jannah group plans to open its Burj Al Sarab hotel in May, its general manager Richard Haddad revealed. Haddad, also vice president operations – Abu Dhabi, Jannah Hotels and Resorts, said work is under way to inaug

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