DEWA has awarded ILF Engineers a consultancy contract for two solar projects, including its $3.26 billion energy park.
The capital emirate’s initial plans are being redrawn with much longer completion dates announced.
Abu Dhabi-based Al Jaber Group may hire a new CEO as part of a $1 billion restructuring plan, according to sources.
The company is reportedly in talks with banks for a loan to repay its $3 billion deal that matures in October.
Dubai-based Abraaj Capital is planning to bid for Calik Holding’s media assets, according to sources.
The financial centre welcomed 56 new companies in 2011 and is eyeing companies from emerging markets.
The cash injection into the Dubai Mercantile Exchange (DME) has diluted the stake of Dubai Holding.
The Habtoor Leighton Group (HLG), part of Australian firm Leighton, will work on the $1.3 bn Habtoor Palace project.
Nick Cooper could get used to ownership of Rolls-Royce’s Ghost EWB.
Victoria’s $16.5 billion tourism industry has benefitted from Emirates’ marketing efforts, which include the Melbourne Cup
The DIFCI bond is in the spotlight as investors weigh Dubai’s refinancing risks in 2012.
Tightening sanctions against Iran look set to shrink its economy but it won’t be a knock-out blow.
The New Economic Cities announced six years ago are yet to begin contributing to Saudi’s economy.
The company’s net profit in Q4 2011 increased by 161 per cent year-on-year.
The region’s finances are back on track said the London Business School in Dubai.
The bank reported that net profit for the full year increased by six per cent from 2010.
The Finnish telco partnered with Microsoft in a bid to claw back market share last year
Dubai Gold and Commodities Exchange saw volumes increasing 95 per cent year-on -year in January.
Enjoy five-star treatment at Abu Dhabi’s Anantara’s Desert Island Resort & Spa wildlife sanctuary.
The airline is planning an Islamic loan facility to fund two of its planes, according to reports.
The Abu Dhabi lender’s profits fell 19.2 per cent to Dhs135 million during the fourth quarter of 2011.
The move follows the stringent financial and trading sanctions imposed by the US and EU on Iran.
The UAE’s central bank is reportedly planning to limit credit card interest rate at 18 per cent annually.
The mall operator is undertaking several new projects across the Middle East this year.
The airline’s CEO said that it was unlikely that the struggling carrier would be dissolved or sold.
Sibylle Schoen, CEO of luxury brand Aigner, tells Aarti Nagraj the story behind her success.
According to the country’s Economy Minister, the Arab Spring has spurred growth in the UAE.
The move will make the bourse the second publicly traded stock exchange in the region.
Alicia Buller catches up with Paul House, executive chairman of iconic Canadian cafe, Tim Hortons
The value of shares traded reached its lowest level since 2004.