Tamweel has been the focus of a full takeover offer by its majority shareholder Dubai Islamic Bank.
Most of its staff moved to Khalij Islamic, another investment firm with offices in London and Dubai, says sources.
The money will fund the Umm Wual phosphate project at Waad Al-Shimal City.
Banks taking part will also be chosen for future work.
Exclusive: DSI is extremely optimistic about increasing its share in the UAE’s construction market.
The port operator posted a 2.4 per cent rise in gross volume from 54.7 million in the previous year.
New services to Haneda Airport will provide Japanese exporters and passengers more flexibility when connecting to the airline’s global network.
The UAE-based lender plans to launch a conventional bond in the coming few days, say sources.
The handover will save Emarat around Dhs80 million every month.
The Higher Committee will use the World Economic Forum to promote Dubai’s bid.
Emirates National Oil Co (ENOC) was the biggest buyer of Iranian condensate in 2012.
The micro-blogging site has made its first business move in the region, teaming up with Connect Ads.
The UAE central bank is still holding negotiations with the Emirates Banks Association and no rule has been issued as yet.
Exclusive: The emphasis in the communications sector is increasingly moving away from traditional routes, writes Avi Bhojani.
The book offers a refreshingly honest insight into leadership practices in the GCC.
Luxury brands at SIHH are realigning their positions in the Middle East.
The much-awaited new smartphone line-up from RIM will be launched in Dubai and five other cities on January 30.
Exclusive: Emirates NBD will focus on expanding its retail and wealth management franchise this year.
The firm is currently in the process of a complete takeover by Dubai Islamic Bank.
The Abu Dhabi- based real estate developers are merging to form a new entity with Dhs47 billion in assets.
German luxury car maker hopes to sell 20,000 vehicles per year by 2020.
Exclusive: Despite rising oil prices, Emirates Airlines plans to continue its growth strategy in 2013.
Property consultant Jones Lang LaSalle outlines the key factors that will impact the UAE’s property market this year.
Exclusive: Emaar is leading Dubai’s real estate revival and economic transformation, writes the developer’s chairman.
Nokia’s new offering lives up to its hype, writes Aarti Nagraj.
Toshiba’s MEA managing director, Yasuyoshi Matsunaga, talks about powering the world’s fastest elevator and Middle East expansion.
The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.
The Gulf state posted a GDP growth of 4.2 per cent in 2011.
Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.
Regional airports were warned today to remain vigilant from ever-present security threats.