The Dubai-based developer has already tied up with high-end brands such as Fendi, Paramount and Versace.
Dubai’s Emaar chairman says trade is part of human DNA but risks can be minimised.
All operational 787s were grounded in January but on Wednesday Qatar Airways flew one on a return flight from Dubai to Doha.
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The complex is to be a cornerstone of the huge Mohammed bin Rashid City, announced last year by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum.
The $3.4 billion bank financing was split between a $2.925 billion portion from commercial lenders and $475 million from Islamic banks.
The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The first day of the third Annual Investment Meeting in Dubai began with a heavy focus on investment in Africa.
How much do the riotously rich shell out for a night of unlimited indulgence?
FGB made a net profit of Dhs1.05 billion ($285.9 million) in the first three months of 2013, up from Dhs934.7 million in the same period of last year.
The region’s leading e-commerce players are braced for growth in 2013 following a wave of venture capital last year.
The oil storage terminal, with a storage capacity of over 141,000 cubic metres, will have a direct pipeline connection with the Dubai airport.
Rick Pudner was speaking at the bank’s Q1 results days after the lender announced he would step down this year.
Michelin-starred chefs Nick Alves and Scott Price have shied away from the rigid confines of three-course dining and experimented with a flexible course system.
Some experts say the GCC suffers from a lack of local halal certification bodies, as buyers opt for European rivals.
The UAE reinstated a visa waiver for Canadian citizens in April which it withdrew amid a dispute over landing rights more than two years ago.
The lure of higher salaries along with shorter working hours and more holidays has seen a large number of Emiratis opting for a public sector career.
DP World handled 6.2 million TEU in the quarter, compared to 6.6 million in the year-earlier period.
The Dubai bank made a net profit of Dhs837 million in the three months to March 31 compared to Dhs641 million last year.
Emirates Falcon Electromechanical Co specializes in the electro-mechanical building services sector.
Eleven Godolphin horses based at Newmarket in southern England tested positive for steroids, including Certify and Opinion Poll.
The investment unit of the Dubai lender plans to raise between $75 million and $100 million for the fund.
Record market highs fail to secure emerging market status for GCC economies, leaving regional equity markets inconclusive.
Dubai-based Michael Helou headed up Barclays Capital in the region, the lender’s investment banking arm.
The estimated figure is slightly higher than the $34 billion of total dollar issuance in 2012.
But Group CEO confirms there will be no new Metropolitan Hotel on the three-hotel site
The UAE currently produces around 2.7 million tonnes and relies on imports for the rest, according to officials.
Meghna Pant, features editor of Gulf Business, gives a spin to Dubai’s comeback by way of its taxis.