Hasan Ismaik, who resigned as head of the firm last week, said that he has offers from government entities and an international construction firm.
The towers will be located in the Sahara complex between the borders of Sharjah and Dubai.
The first phase of the $40 billion Etihad Rail project includes a 266-kilometre long rail network that runs from Shah to Ruwais.
The development will include three office buildings overlooking Crescent Plaza, which houses luxury retail outlets and F&B options.
The increase in tourism numbers was spurred by the launch of a daily Emirates flight route to Lisbon back in July 2012.
One-year dollar/Saudi riyal forwards jumped as high as 50.50 points, their highest level since the Arab Spring uprisings hit the Middle East in March 2011.
Randall faced waves of uncertainty when UAE water exports were banned. The Masafi CEO reveals how he got the ship firmly under control with a new plant in Turkey.
The acquisition is Al Habtoor’s second hotel in the Hungarian capital.
As per the deal, bonds can be listed and traded through the exchange by local and international investors, with NBAD using its account with Euroclear to process the transactions.
Paris and London are the second third most favoured destinations, according to a study by Private Jet Charter.
Nomura Asset Management and Lazard Asset Management have opened new offices in Dubai this year.
The founder and president of Nasser Saidi & Associates explores the impact of the Emerging Market Upgrade on the UAE and Qatar.
Following unrest in the country, some foreign financial firms have moved staff to Dubai.
King Abdullah Economic City, the Kingdom’s mega project, is shifting focus to become a local tourism hub from its initial plans of being a financial centre.
The airline will add over 135 seats to San Francisco and 137 seats to Houston after it launches the jumbo A380 on these routes.
Oman Oil Refineries and Petroleum Industries Co (Orpic) said supply to the market will not be interrupted.
Saudi Arabia, Kuwait, Oman and Jordan were the other attractive retail markets in the Middle East, according to a new report.
The bill, which covers all equestrian disciplines from racing to polo, outlines financial penalties from Dhs20,000 to Dhs500,000 ($5,400-$136,100) for various doping offences.
The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.
Gulf Business checks out 10 of the biggest malls that are coming up across the Middle East and North Africa region over the next few years.
DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.
Dabbah reveals why Dubai is the best destination for hotel growth in the region.
A sukuk issue is still in the early stages of discussion but would likely be in the 2015 fiscal year, which starts next month, an IFC spokesperson said.
No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.
The UAE is the perfect destination for a depositor looking to safely stash away his cash, writes Peter Cooper.
After being hit hard by the Arab Spring and the Syrian civil war, the Middle East’s troubled tourism markets are fighting back even as political hurdles remain.
If stripped of the tournament, Qatar will suffer a big setback in the regional race for economic diversification, writes Reuters columnist Una Galani.
Al Hilal will meet investors in the Middle East, Hong Kong, Singapore, London and Switzerland between June 15- 23.
Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.
The issue’s success was due partly to factors specific to Etisalat, including its state ownership and healthy financial profile.