http://www.zawya.com/middle-east/countries/uaeen-usCopyright 2012 Zawya Ltd. All rights reserved.Wed, 16 May 2012 04:03:00 GMT5014476http://www.zawya.com/middle-east/countries/uaehttp://www.zawya.com/images/newsletter_zawya_logo.gifhttp://www.zawya.com/story/Rakbank_and_Makemytripae_in_partnership-ZAWYA20120516040353/Rakbank has joined hands with online travel agent Makemytrip.ae to offer the bank's cardholders a two-for-one holiday package deal. Wed, 16 May 2012 07:24:49 GMTKhaleej Times ZAWYA20120516040353Openhttp://www.zawya.com/story/UAE_accounts_for_31_of_GCC_banking_assets-ZAWYA20120516040329/The UAE banks have the largest share of banking assets in the GCC that rose by 8.9% in 2011 to USD 1.46 trillion, equivalent to 106% of regional gross domestic product, or GDP. Wed, 16 May 2012 06:58:05 GMTKhaleej Times ZAWYA20120516040329Openhttp://www.zawya.com/story/Vopak_Horizon_boosts_storage_capacity-ZAWYA20120516040130/Vopak Horizon Fujairah, a joint venture between Royal Vopak, Horizon Terminals- wholly owned by Emirates National Oil Company (Enoc), the Government of Fujairah and Kuwait's Independent Petroleum Group, marked the opening of its sixth phase.Wed, 16 May 2012 06:54:57 GMTKhaleej Times ZAWYA20120516040130Openhttp://www.zawya.com/story/DHL_sees_strong_growth_prospects_in_ME_Africa-ZAWYA20120516035949/DHL Express sees strong growth opportunities in Middle East and Africa, and would continue to invest in its operations to meet the ever-changing needs of the region's key industries, its top official said. Wed, 16 May 2012 06:53:45 GMTKhaleej Times ZAWYA20120516035949Openhttp://www.zawya.com/story/Asiya_Investments_launches_advisory_services_arm-ZAWYA20120516034024/Asiya Investments (Asiya)announced the launch of its advisory firm at the Dubai International Financial Centre (DIFC), marking a considerable expansion of operations by the group.Wed, 16 May 2012 06:01:48 GMTArab News ZAWYA20120516034024Openhttp://www.zawya.com/story/Dana_Gas_firstquarter_profit_soars_124_on_higher_oil_price-ZAWYA20120516040255/Dana Gas's profit grew 124% in the first quarter to AED 206 million on higher oil prices. Wed, 16 May 2012 05:58:31 GMTKhaleej Times ZAWYA20120516040255Openhttp://www.zawya.com/story/UAE_remains_top_market_for_Japan-ZAWYA20120516030723/The UAE maintained its position as the largest market for Japanese products in the Middle East in the first quarter of 2012 after a sharp rise over the same quarter of last year, according to official Japanese data.Wed, 16 May 2012 05:31:06 GMTEmirates 24|7 ZAWYA20120516030723Openhttp://www.zawya.com/story/HSBC_launches_Dh1bn_trade_SME_fund-ZAWYA20120516030633/Global bank HSBC launched its latest International Trade SME Fund, committing Dh1 billion to UAE SMEs, said a press statement.Wed, 16 May 2012 04:52:45 GMTEmirates 24|7 ZAWYA20120516030633Openhttp://www.zawya.com/story/Rentals_of_Dubais_Springs_villas_up_20-ZAWYA20120516030606/Highlighting the fact that real estate investments pay off based on three critical factors - location, location, location - property consultancy CB Richard Ellis said in a new report that rental rates of Dubai villas in select communities have gone up by more than 20 per cent within one year.Wed, 16 May 2012 04:50:16 GMTEmirates 24|7 ZAWYA20120516030606Openhttp://www.zawya.com/story/UAE_to_join_worlds_12_largest_gas_suppliers-ANA20120515T132710ZABN76/The UAE announced on Tuesday it will join leaders of the world's biggest gas suppliers in the Gas Exporting Countries Forum, state news agency WAM reported.Tue, 15 May 2012 14:56:08 GMTAFP ANA20120515T132710ZABN76Openhttp://www.zawya.com/story/NMC_Health_plc_Interim_Management_Statement-ZAWYA20120515073032/NMC Health Plc (LSE:NMC) ('NMC'), a leading integrated healthcare provider operating across the United Arab Emirates,issued its Interim Management Statement for the period from 31 December 2011 to 30 April 2012.Tue, 15 May 2012 14:52:12 GMTPress Release ZAWYA20120515073032Openhttp://www.zawya.com/story/Drake__Scull_International_sees_continuous_revenue_growth_in_Q1_2012-ZAWYA20120515081453/Drake & Scull International PJSC (DSI)reported a net profit of AED 43 million and AED 777 million in revenues for Q1 2012 representing a Top line growth of 20% in comparison to Q1 2011.Tue, 15 May 2012 14:49:38 GMTPress Release ZAWYA20120515081453Openhttp://www.zawya.com/story/Turkiye_Finans_secures_largest_Murabaha_syndicated_financing_in_participation_banking_350_million_dollars-ZAWYA20120515084524/Türkiye Finans, Turkey's leading participation bank, signed the largest murabaha syndicated deal of the participation banking with a sum of 350 million dollars. Led by ABC Islamic Bank, HSBC, Noor Islamic Bank and Standard Chartered Bank, the Consortium included a total of 29 banks from 15 countries. Tue, 15 May 2012 14:47:09 GMTPress Release ZAWYA20120515084524Openhttp://www.zawya.com/story/FutureCard_to_produce_500_Million_plastic_cards_during_2012_to_meet_regional_and_global_growing_demand-ZAWYA20120515103952/FutureCard, the UAE based plastic card manufacturer, announced its production capabilities expansion to produce 500 Million cards in 2012, due to the global growing demand for plastic cards.Tue, 15 May 2012 14:39:17 GMTPress Release ZAWYA20120515103952Openhttp://www.zawya.com/story/Dubai_projects_generated_operational_revenues_for_Al_Mazaya_Holding-ZAWYA20120515105243/Al Mazaya Holding announced that its Dubai projects generated operational revenues achieved by the company in the first quarter of the year. Tue, 15 May 2012 14:37:51 GMTPress Release ZAWYA20120515105243Openhttp://www.zawya.com/story/RSA_Insurance_boosts_senior_management_team_in_the_UAE-ZAWYA20120515123944/RSA Insurance, a leading provider of general insurance in the UAE, announced a series of senior appointments to strengthen their current operations and future growth plans.Tue, 15 May 2012 14:34:27 GMTPress Release ZAWYA20120515123944Openhttp://www.zawya.com/story/Saatchi_and_Saatchi_X_appointed_to_advertise_sustainable_shopping_in_the_UAE-ZAWYA20120515135618/The Change Initiative, which is Dubai's first retail destination to only sell products and services that are sustainable, has appointed Saatchi and Saatchi X as its lead agency following a competitive pitch.Tue, 15 May 2012 14:33:45 GMTPress Release ZAWYA20120515135618Openhttp://www.zawya.com/story/الدولية_الإماراتية_للاستثمار_تبدأ_المرحلة_الاولى_من__مشروع_دنيا_بارك_بالجزائر-ZAWYA20120515132238/المشروع تصل تكلفته الى 5.9 مليار دولار، ومن المتوقع الانتهاء من جميع مراحله خلال العام 2017.Tue, 15 May 2012 13:29:08 GMTZawya ZAWYA20120515132238Openhttp://www.zawya.com/story/الإمارات_توقع_اتفاقية_للتعاون_الجمركي_مع_كازاخستان-WAM20120515121917203/قال خالد على البستاني مدير عام الهيئة الاتحادية للجمارك بالإنابة إن توقيع الاتفاقية يأتي في إطار خطة الهيئة لتوسيع رقعة التعاون مع العالم الخارجي من خلال الاتفاقيات الجمركية الثنائية.Tue, 15 May 2012 13:25:02 GMTWAM (Emirates News Agency) WAM20120515121917203Openhttp://www.zawya.com/story/Aabars__investment_in_Arabtec_Holding_PJSC_as_of_14052012-ZAWYA20120515111919/Arabtec Holding PJSC confirms that Aabar's investment in the company through its investment funds totals 20.93% according to the share register of settlement date 14/05/2012.Tue, 15 May 2012 12:57:27 GMTPress Release ZAWYA20120515111919Openhttp://www.zawya.com/story/Fitch_rates_Dubai_Islamic_Banks_proposed_Trust_Certificate_Issuance_Programme-ZAWYA20120515120541/Fitch Ratings has assigned Dubai Islamic Bank PJSC's (DIB) USD 2.5 billion trust certificate issuance programme a 'A(exp)'expected rating. The issuing entity under the programme is DIB Sukuk Limited (DIBSL). Tue, 15 May 2012 12:49:33 GMTPress Release ZAWYA20120515120541Openhttp://www.zawya.com/story/Empower_registers_30_increase_in_hotel_customers_for_district_cooling_services-ZAWYA20120515121510/Emirates Central Cooling Systems Corporation (Empower) has announced that it registered a 30% growth in hotel customers at end of April 2012, compared to same period of last year.Tue, 15 May 2012 12:43:47 GMTPress Release ZAWYA20120515121510Openhttp://www.zawya.com/story/Key_UAE_laws_by_yearend-ZAWYA20120515042536/The UAE is expected to finalise an insolvency and bankruptcy law by the end of 2012, Minister of Justice Dr Hadif bin Jowan Al Dhahiri said at the Global Policy Conference in Dubai.Tue, 15 May 2012 11:19:20 GMTKhaleej Times ZAWYA20120515042536Openhttp://www.zawya.com/story/UAE_Clear_laws_to_improve_investment-ZAWYA20120515042710/A clear law to govern and regulate the financial restructuring and bankruptcy will improve the investment climate in the Middle East region, a top official of Dubai Economic Council (DEC), said. Tue, 15 May 2012 11:17:54 GMTKhaleej Times ZAWYA20120515042710Openhttp://www.zawya.com/story/Borouge_sees_strong_demand_in_China_India-ZAWYA20120515042605/Borouge, a leading provider of innovative, value creating plastics solutions, sees strong growth opportunities in China, India and South East Asia due to strong demand for its products in infrastructure, construction and packaging industries, its senior official said.Tue, 15 May 2012 11:16:30 GMTKhaleej Times ZAWYA20120515042605Openhttp://www.zawya.com/story/DTDC_acquires_majority_stake_in_Eurostar_Express-ZAWYA20120515043208/DTDC Courier & Cargo Ltd, India's premier express courier company, on announced the acquisition of a majority stake in Eurostar Express of the UAE. Tue, 15 May 2012 11:01:43 GMTKhaleej Times ZAWYA20120515043208Openhttp://www.zawya.com/story/Du_following_plan_to_focus_on_UAE_market-ZAWYA20120515043031/Emirates Integrated Telecommunications Company, popularly known as du, while clarifying a media report said the telecom firm has been following a strategy to focus on the UAE markets. Tue, 15 May 2012 10:58:47 GMTKhaleej Times ZAWYA20120515043031Openhttp://www.zawya.com/story/Swiss_Arabian_opens_108th_store_in_RAK-ZAWYA20120515043713/Swiss Arabian Perfumes recently opened its 108th retail outlet across the GCC and 68th in the UAE at RAK Mall. Tue, 15 May 2012 10:57:22 GMTKhaleej Times ZAWYA20120515043713Openhttp://www.zawya.com/story/Dubai_Exports_nets_AED221m_Qatar_deals-ZAWYA20120515043601/Local companies that participated in the UAE pavilion at the recently concluded Project Qatar 2012 exhibition were able to clinch 17 deals worth AED221 million with Qatari and international companies. Tue, 15 May 2012 10:56:02 GMTKhaleej Times ZAWYA20120515043601Openhttp://www.zawya.com/story/GCC_to_further_discuss_union_proposal-ZAWYA20120515050433/Leaders agreed to allow more time for further discussions over a proposal to turn the six-nation Gulf Cooperation Council into a union, Saudi Foreign Minister Prince Saud Al-Faisal said after a GCC leaders' summit.Tue, 15 May 2012 10:47:12 GMTThe Saudi Gazette ZAWYA20120515050433Openhttp://www.zawya.com/story/Top_three_Dubai_rental_and_investment_hotspots_for_2012_revealed_by_new_survey-ZAWYA20120515065154/A survey commissioned by propertyfinder.ae - the UAE's number one dedicated property portal - has revealed that the top three investment and rental locations for Dubai this year are: Dubai Marina, Jumeirah Lake Towers and Downtown Dubai.Tue, 15 May 2012 10:39:11 GMTPress Release ZAWYA20120515065154Openhttp://www.zawya.com/story/BMI_United_Arab_Emirates_Real_Estate_Report_Apr12-pdf_150512093507/The UAE Real Estate report examines the Commercial Office, Retail and Industrial segments in the context of an increasingly positive macroeconomic perspective which may bring a silver lining to the segment still suffering from oversupply and the legacy of the property bubble.With a focus on the three principal emirates of Dubai, Abu Dhabi and Sharjah, the report covers the rental market performance in terms of rates and yields over the past 18 months and examines how best to maximise returns in the commercial real estate market, while minimising investment risk and exploring the impact of the government led growth on a market already characterized by oversupply and historically low rates. The key potential growth areas, driven by increasing activity on the part of international investors and the potential of the domestic consumer market, are also explored with corporate growth strategies looking to the emirates for expansionary opportunities.Nevertheless, the UAE’s various real estate sectors are developing in different directions and at varying rates. The commercial market in general suffers from oversupply and is forecast to undergo limited growth in the short term; however, BMI believes that there is light at the end of the tunnel and that the market will reach its nadir over the course of 2012.Key Points:- We are forecasting the UAE economy to expand 3.0% in 2012, up slightly from an estimated 3.3% in 2011. The ongoing improvement in consumer and business sentiment will likely result in an uptick in private consumption, although growth in the private non-hydrocarbon sector will be constrained by still weak credit conditions.- In spite of the positive macro fundamentals, we still see mainly downside risks to the real estate markets, especially in the short term, with oversupply ensuring that a depressed market remains.- Due to the emirates’ relative stability over the course of the Arab Spring, tourism has received a real boost. As such we see a briTue, 15 May 2012 09:30:00 GMTBusiness Monitor International Limited pdf_150512093507Subscriptionhttp://www.zawya.com/story/BMI_Middle_East_and_Africa_Food_and_Drink_May12-pdf_150512090206/BMI’s Middle East and North Africa (MENA) ratings assess a market’s attractiveness to industry investors in comparison with its peers. The reward part of the rating takes into account market size, current consumption levels, future industry growth prospects (based on our five-year industry forecasts), market fragmentation (with greater fragmentation indicating higher opportunities) and the size of the youth population. Meanwhile, the risk part of the rating takes into account the legislative environment, the level of development of the organised retail sector (with higher development leading to lower risks), as well as relevant aspects of the economic and political environment.Tue, 15 May 2012 08:58:00 GMTBusiness Monitor International Limited pdf_150512090206Subscriptionhttp://www.zawya.com/story/BMI_Middle_East_and_Africa_Pharma_and_Healthcare_Insight_May12-pdf_150512085455/BMI View: The better-regulated markets of the Gulf Cooperation Council (GCC), South Africa and Israel will remain the most rewarding and least risky for drugmakers operating in the Middle East and Africa (MEA). However, these markets are rapidly approaching maturity and are expected to grow only in the mid-to-high single digits. As pharmaceutical companies look to enter markets with higher potential, they will likely turn their attention first to the Gulf Levant and then North Africa, where population demographics, the regulatory framework and macroeconomic factors will facilitate growth. Sub-Saharan African (SSA) countries remain the final frontier in terms of investment because the risks in these countries are higher and at present the rewards are lower. However, their appeal lies in the long term and the companies that establish their brands sooner rather than later will benefit most. Generally speaking, BMI has preferred the Southern African region over East Africa, which has recently been overtaken in attractiveness by West and Central Africa.Tue, 15 May 2012 08:52:00 GMTBusiness Monitor International Limited pdf_150512085455Subscriptionhttp://www.zawya.com/story/BMI_Middle_East_and_Africa_Telecommunications_May12-pdf_150512084547/Mobile content in the Middle East and North Africa (MENA) region is evolving rapidly as a result of strong uptake of smartphones and mobile data services, as well as operators' moves to expand their revenue streams through value-added services (VAS) amid declining revenue growth from basic services. BMI notes that the development of mobile content in region is mainly homogenous, with a mixture of telecoms crossovers such as m-health and m-banking, and internet-based mobile applications, apart from a handful of markets where 3G network services have not been launched. Meanwhile, there are clear signs that VAS are also becoming increasingly important to businesses. BMI believes this development is the main driver growing investments in corporate mobile content such as machine-to-machine (M2M).Tue, 15 May 2012 08:41:00 GMTBusiness Monitor International Limited pdf_150512084547Subscriptionhttp://www.zawya.com/story/Ferrari_World_Abu_Dhabi_unveils_summer_attractions-ZAWYA20120515045225/The world's first Ferrari-branded theme park, Ferrari World Abu Dhabi, announced exciting new plans for the year ahead at the Riyadh Travel Fair, cementing its compelling family entertainment proposition for Saudi visitors traveling to the UAE this summer. Tue, 15 May 2012 08:32:23 GMTThe Saudi Gazette ZAWYA20120515045225Openhttp://www.zawya.com/story/UAE_phone_giant_hit_with_USD225m_penalty-ZAWYA20120515045705/UAE telecoms giant Etisalat has been whacked with a USD 2.25 million fine for poor service, dropped calls and dodgy line quality on mobile phones in Nigeria.Tue, 15 May 2012 08:31:28 GMT7Days ZAWYA20120515045705Openhttp://www.zawya.com/story/يمكن_لمنطقة_الخليج_لعب_دور_محوري_في_ترويج_اقتصاد_منخفض_الكربون-ZAWYA20120515072614/تؤكد مبادرة بصمة الإمارات البيئية التزامها بالعمل من أجل خفض بصمة الدولة البيئية، وعلى أهمية الاستمرار في بناء أسس علمية للسياسات البيئية، وذلك في ضوء إطلاق تقرير الكوكب الحي 2012.Tue, 15 May 2012 08:02:11 GMTPress Release ZAWYA20120515072614Openhttp://www.zawya.com/story/628_مليون_درهم_أرباح_القطاع_العقاري_في_سوق_أبوظبي-ZAWYA20120515070421/بذلك يكون القطاع العقاري بسوق أبوظبي قد حقق نمواً بأرباحه 108.4% في الربع الأول.Tue, 15 May 2012 08:00:18 GMTAl Bayan ZAWYA20120515070421Openhttp://www.zawya.com/story/المضاربات_تفقد_سوق_دبي_مكاسب_قوية-ZAWYA20120515070122/حالت عمليات الكر والفر وجني الأرباح السريعة التي نفذها مضاربون دون احتفاظ سوق دبي المالي بالمكاسب القوية التي حققها حتى النصف الأول من جلسة التعاملات والتي تجاوزت نسبتها 1 %.Tue, 15 May 2012 07:58:26 GMTAl Bayan ZAWYA20120515070122Openhttp://www.zawya.com/story/نمو_حجم_التبادل_التجاري_بين_الإمارات_وإيطاليا_بنسبة_26_في_المائة_عام_2011-WAM20120514210000312/حجم التبادل التجاري بين الإمارات وإيطاليا قفز خلال عام 2011 إلى 6ر21 مليار درهم "6ر4 مليارات يورو" .Tue, 15 May 2012 07:31:36 GMTWAM (Emirates News Agency) WAM20120514210000312Openhttp://www.zawya.com/story/Saudi_business_confidence_top_in_Middle_East-ZAWYA20120515044455/Saudi Arabia and the UAE displayed a high level of business confidence, with 42% and 38.5% of respondents respectively reporting confidence gains, the latest edition of the Global Economic Conditions Survey conducted by ACCA and IMA.Tue, 15 May 2012 07:14:03 GMTThe Saudi Gazette ZAWYA20120515044455Openhttp://www.zawya.com/story/زيادة_الرحلات_الجوية_بين_مصر_والإمارات-ZAWYA20120515050452/سفرت مفاوضات النقل الجوي التي تمت في أبوظبي بين وفدي سلطتي الطيران المدني في الامارات ومصر، عن زيادة السعة المقعدية الواجبة العرض من والى مطار القاهرة بنسبة 20%.Tue, 15 May 2012 07:12:28 GMTAnnahar ZAWYA20120515050452Openhttp://www.zawya.com/story/Pure_Gold_revenue_climbs_20_in_Q1-ZAWYA20120515043337/Pure Gold Jewellers announced that its first-quarter revenue increased 20% compared to the corresponding period last year, with 28% due to higher volume sales in diamond jewellery and around 19% attributed to gold jewellery sales. Tue, 15 May 2012 07:11:41 GMTKhaleej Times ZAWYA20120515043337Openhttp://www.zawya.com/story/Topaz_delivers_2_windfarm_support_vessels_to_ASP_Work-ZAWYA20120515032013/Renaissance Services subsidiary, Topaz Engineering, a UAE-based full service ship building, ship repair and engineering services company, has completed the delivery of two wind farm support vessels (WFSV) to ASP Work Boats Ltd, part of the global ASP Ship Management Group.Tue, 15 May 2012 06:12:13 GMTEmirates 24|7 ZAWYA20120515032013Openhttp://www.zawya.com/story/NUEC_wins_OMR21m_Sohar_interchange_project-ZAWYA20120515032606/Sohar's Globe Roundabout - one of the industrial port city's best-known public landmarks - will soon make way for a major interchange designed to address peak hour traffic congestion at this key junction.Tue, 15 May 2012 05:54:27 GMTOman Daily Observer ZAWYA20120515032606Openhttp://www.zawya.com/story/Damas_shares_to_be_delisted-ZAWYA20120515032119/The shares of regional jewellery major Damas International Ltd (DIL) will be delisted from Nasdaq Dubai on June 12, as part of the company's takeover by BidCo, a consortium composed of Qatar's Mannai Corporation and investment funds managed by EFG Hermes, an Egypt-based investment bank.Tue, 15 May 2012 05:49:59 GMTEmirates 24|7 ZAWYA20120515032119Openhttp://www.zawya.com/story/UAE_insolvency_legislation_likely_by_2012end_Minister-ZAWYA20120514121805/The new Financial Restructuring and Bankruptcy Law is expected to be finalized by the end of this year, a senior government official told Zawya.Tue, 15 May 2012 05:42:34 GMTZawya ZAWYA20120514121805Open