Abu Dhabi carrier will compete with Emirates for origin and destination and transfer traffic
The Kingdom’s banks are benefiting from a robust economic backdrop.
Nakheel World, part of Dubai World and separate to Nakheel, will repay the money to Saudi-owned Al Falak International.
The massive mixed-use project, called Al Habtoor City, will include three hotels and three residential blocks.
Eleven penthouses, including two VIP penthouses on levels 72 to 74, will offer the height of luxury living at the newly announced Al Habtoor City.
‘The Lagoons’ will have a central business district, an entrepreneurial zone and retail units.
The $3 billion development will offer more than 3,000 hotel and residential units on one plot, set to be completed by 2017.
Nakheel made a net profit of Dhs1.77 billion in the nine months to September 30, versus Dhs1.12 billion in the corresponding period of 2012.
The 316-room DoubleTree by Hilton Abu Dhabi Masdar City will comply with the environmental ethos of Masdar and seek to secure the prestigious ‘Estidama 3-pearl’ rating
The fund will focus on investing in companies across the Gulf, mainly in the UAE and Saudi Arabia.
Real estate veteran Khalaf Al Habtoor says Dubai will quash rivals in November.
The new service will offer the 500,000 Filipino expats in Dubai more travel options during peak periods.
The new scheme will house over 100 mansions and sit alongside an 18-hole PGA Championship golf course.
The UAE is expected to grow strongly owing to the recovery of sectors like financial services and construction.
The lender is planning to hike its paid-up capital by 50 per cent.
The TAQA-operated block is expected to initially produce around 30,000 barrels of oil per day.
The bank said it made SAR998 million in the three months ending September 30.
Average sales prices have also gone up, but there’s no bubble in sight, says Asteco report.
Private sector employees get three days off from October 14-16.
Will Abu Dhabi’s new financial zone look to rival its Dubai neighbour? Or will collaboration between the two be a wiser move for the region?
This year’s event will cover more than 25,000 sq metres, an increase of 50 per cent on last year and Cityscape’s largest size in four years.
International food event to showcase Kingdom’s market potential.
Despite a lack of local knowledge, UAE financial heads are increasingly looking to recruit top tier talent from the UK.
Strikingly designed hotel aims to open in the Burj Khalifa district in 2016.
The lagoon will be situated in Mohammed bin Rashid City’s District One community and will cover 40 hectares of land.
Ajman Bank, one of the smaller lenders in UAE, announced it had hired Mohammed Zaqout as chief executive on April 8.
An expansion abroad would likely see the state-owned company buying assets abroad.
Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.
The Ministry of Labour is yet to announce how many days off private sector workers will be given.
The deal had been delayed due to scrutiny by Indian regulators and also due to opposition from some politicians.