City News

Dubai’s Emaar Properties is in the process of raising around $700 million from banks, its chairman told local television on Monday. More >

Dubai International Capital , the private equity arm of Dubai Holding, has sold hotel operator Ishraq Dubai to diversified firm Almulla Group, the latest disposal in its drive to cut its $2.6-billion debt pile. More >

Twelve per cent of Dubai’s energy will come from nuclear power by 2030, Saeed Al Tayer, Vice-Chairman of the Dubai Supreme Council of Energy, said on Monday.

But Al Tayer also said that Dubai did not plan to build nuclear power plants of its own but would import power from other nations. More >

Trading of Dubai Gold Securities (DGS) on Nasdaq Dubai rose to 6,075 securities in August, a 230 per cent increase from 1,840 in July, and up from 636 traded in the whole of the first half of the year, Nasdaq Dubai said in a statement. More >

Diego Maradona had a winning start as Al Wasl coach on Sunday.

Maradona’s team scored two late goals for a 3-1 win over 10-man Ittihad Kalba in a pre-season friendly. More >

Two more men have been arrested in connection with a march to show solidarity with the Indian activist Anna Hazare, who is on a hunger strike in New Delhi pressing for a stronger anti-corruption bill. More >

Dubai Cares, the philanthropic organisation, will address the importance of education for girls in developing countries as part of an annual Ramadan initiative. Titled ‘Girls’ Education Campaign 2011’, the month-long project aims to raise monetary funds and awareness through channels and activities. More >

The ruler of Dubai has replaced Ahmed Humaid al-Tayer as the governor of the Dubai International Financial Centre, the emirate’s offshore financial centre and a significant strategic asset, shortly after he was dropped as chairman of the country’s largest bank.

In a statement on the website of the United Arab Emirates on Monday, Sheikh Mohammed bin Rashid al-Maktoum said he had appointed Abdullah Mohammed Saleh, currently chairman of the Dubai Financial Services Authority, as the new head of the centre. More >

With his penchant for being in the water it could be that little Kai Rooney could be destined for a career as a swimmer.

But yesterday he seemed to show an interest in diving as he stood tentatively on the edge of the pool.

As Coleen kept a close watch on her little boy he seemed ready to jump in but at the last moment he slipped and took a tumble ending up on his bottom with a look of surprise on his face. More >

The Dubai Police are taking stringent measures to curb begging activities in the emirate and the whole country in view of the holy month of Ramadan.

The police are coordinating with other countries where beggars come from to the UAE and have intensified inspection campaign in Dubai, a top official said. More >