Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.
Secretive company managements, poor disclosure mechanisms and patchy enforcement of disclosure rules mean information is scarce in Gulf markets.
Under secretary for political affairs Wendy Sherman will travel to Abu Dhabi, Riyadh and Jerusalem next week for consultations with respective governments.
The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.
The loan will finance the delivery of the next 17 aircraft on order for the carrier.
Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.
Accor is tapping into region-wide demand for long-stay accommodation
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.
The branded credit and debit cards will introduce a new rewards programme for users.
The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
The telecom operator currently claims 46.4 per cent of mobile subscribers in the UAE.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
Patrick Delivanis replaces Klaus Froehlich, who is relocating to Frankfurt for a senior investment banking role.
Saudi Arabia’s Kingdom Tower, which is 173 metres taller than Dubai’s Burj Khalifa, is slated for completion in 2018.
GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.
The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.
Du’s new loan will replace two existing debt facilities.
A construction contract for Nakheel Mall is expected to be awarded within three months.
The UAE has around 34,122 inbound students against 7,719 outbound students, according to UNESCO Institute of Statistics.
Rashed al-Baloushi, CEO of the Abu Dhabi Securities Exchange, did not specify a timeframe for the proposal.
The Dubai-based airline sees lower unit costs compared to European carriers because of its business model, says a report from Centre for Aviation.
Emerging tech trends set to redefine business and everyday life in the Middle East in 2014, says Tarek Ghoul.
The British expatriate aged 92 died of natural causes in Dubai.
The global financial crisis and political instability dented Bahrain’s banking sector but will a recent wave of M&A activity burn around its fortunes?
With a rising Middle Eastern investor interest in sports ventures, sports law practice will thrive in the Gulf, says an expert.
Logistics firm DHL tops the list in 2014, followed by Microsoft, as ranked by Great Place to Work Institute UAE.
The head of Dubai-based Emaar, the developer behind the world’s tallest building, tops the list.
The amount represents a compound annual growth rate (CAGR) of nearly 12 per cent.