Atlantis refinanced an $880 million loan to take advantage of favourable market conditions, ICD confirmed.
Prices above $100 are unsustainable because they lead to too much new supply and too much demand destruction, writes Reuters columnist John Kemp.
Sohar is starting to compete for traffic with Jebel Ali and other top Gulf ports, as part of a far-reaching plan by Oman to diversify its economy beyond oil.
Global benchmark Brent has lost more than 28 per cent since June on slow demand and abundant supply.
Dubai’s airport retailer accounted for 5.19 per cent of global airport duty free business and almost three per cent of the wider duty free and global travel retail business.
Oil saw its biggest daily fall in more than three years on Tuesday.
Five passengers with flu-like symptoms were removed from the Emirates flight that arrived at Boston Airport on Monday.
The move is expected improve the ratings on the happiness index that was launched by Sheikh Mohammed earlier this week.
All the news and views from the region’s biggest ICT event.
The lack of a Saudi cut could add to perceptions of traders and analysts that the Kingdom is looking to defend market share, not prices.
After five years without an IPO of notable size, Emaar Malls Group attracted orders worth more than $47 billion for its $1.58 billion Dubai listing last month.
The Maldives’ idyllic landscape has long attracted honeymooners, but the islands offer far more than just a couple’s retreat.
IHG targets mid-market growth with second Holiday Inn in UAE capital
Prince Alwaleed said he was “impressed” by Narendra Modi’s speech when he was in the US.
The acquisition was announced by Facebook in February and recently received regulatory approval in Europe.
The deadly epidemic has killed more than 3,400 people since it began in West Africa in March.
Sultan Qaboos has been in Germany since July for medical tests.
Kuwait has invited BP, Total, Royal Dutch Shell, ExxonMobil and Chevron, to bid for an agreement for the northern Ratqa heavy oilfield.
While neither country appears likely to move towards the habitual use of military power, the strikes in Syria demonstrated a growing comfort with the use of hard power alongside diplomacy.
While the new smartwatch from Apple looks good, experts say it is far from a revolutionary product.
Packages still available for hotel stays across the country on local deals website Triperna.com.
Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.
DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.
Senior executives in the financial sector fail to understand the importance of marketing, writes Paul Boulos, head of marketing at Commercial Bank of Dubai.
While ‘Bendgate’ may not have an impact, concerns that the phone does not have a “premium” feel may hamper UAE sales, says expert.
The contract is for work in Al Furjan Phase 2 and covers the construction of 16km of roads at the community.
The areas that command the least residential rental rates in Dubai, as compiled by propertyfinder.ae.
Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.
The new policy will allow citizens from 66 countries to receive visas upon arrival in Bahrain, while visitors from another 36 countries will be eligible for e-visas.
Oil has fallen from $115 in June, pressured by concern about slowing global demand and higher supplies, raising concern among some oil exporters of lower revenues.