The project will house more than 2,000 hotel apartments and residences.
The developer will partner with Spanish hotel operator RIU Hotels and Resorts to build an all-inclusive four-star resort in Dubai.
Lower oil prices had only a minor impact on UAE credit conditions, with no effect on demand for business loans or credit standards, a new survey shows.
The investment will produce an average semi-annual cash return of 12 per cent, GFH said.
RBS, 79 per cent owned by the British government, is shrinking its corporate and institutional banking business in the Middle East.
Business education institutions are grabbing the GCC market with both hands, as the private sector searches for candidates with the right skillsets.
Banks are demanding tougher terms such as more collateral, stricter documentation and shorter tenors.
The loan consisted of three portions lasting between five and seven years.
The timing for the listing would be dependent on approval from Kuwait’s Capital Markets Authority.
The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.
The emirate’s tourism promotion agency said that it has outlined a clear plan to attract tourists and improve their experience.
DIFC’s new Wills and Probate Registry gives non-muslims certainty in inheritance matters.
Huawei’s 2015 Global Connectivity Index ranked the Emirates for its strong support for mobile adoption and widespread access to information and communication systems.
The company attributed the growth in profits to a strong performance by its development business.
NBAD made a net profit of Dhs1.42 billion in the first quarter of 2015.
One third of companies in the country have increased counter offers to avoid losing key employees, finds Robert Half survey.
Sharjah-based Air Arabia, which bought a 49 per cent stake in Petra Airlines in January, has rebranded the airline as Air Arabia Jordan.
The number of house sales in Riyadh between the time the new lending limits were introduced and the end of last month fell 70 per cent from a year earlier.
The storage will increase monthly trade volumes on the DME by two million barrels.
The firm made a net profit of Dhs487.1 million in the three months to March 31.
The firm is looking for equity interests related to coal, solar, gas, and other alternative sources of energy.
Abdulaziz al-Ghurair, CEO of Dubai-based lender Mashreq, is calling for the introduction of wills and trusts that are compliant with Islamic principles.
Major four-star hotel to phase in room upgrades that reflect latest design trends.
Emirates NBD, First Gulf Bank, Gulf International Bank, HSBC, Noor Bank and Standard Chartered will provide the loan, three sources told Reuters.
Dubai is ranked 16th spot on the index, with prime office rents remaining flat since H2 2014.
The new business will be developed as a joint venture with Bahrain-based brokerage Mubasher Financial Service.
Developer Eagle Hills plans to spend $3 billion on building the mega mixed-used Belgrade Waterfront project.
The deal is eventually expected to lead to a joint venture between the two companies.
Aiman Kabli, founder and CEO of Dubai Job Connections, a web-based job placement platform, explains how to take on the highly competitive job market of Dubai.
Over time, the market can take care of its own excess supply, writes Jay Raney, partner, Assurance at Grant Thornton UAE.