The Bin Otaiba Investment group has bought a 91,000-square-metre land plot on the island to develop a five-star hotel.
The island’s once vibrant economy was paralysed by violent pro-democracy protests which deterred foreign investment and crimped tourism. Where does it stand today?
Markus Thesslef also reveals plans to launch a new Spanish restaurant and additional openings for Okku and Sophie’s.
Despite a strong supply of office units in the market, increased demand is boosting rents in the Kingdom.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.
The UAE lender seems to be ignoring impending regulations by the Central Bank to cap mortgages at 80 and 75 per cent.
As the latest network sharing agreement flops, is now the time to end the UAE telco duopoly?
Police stayed away from the march, which was organised by the country’s main opposition parties.
Markus Thesleff, owner of new restaurant Claw, is concerned the saturated industry is going to leave a lot of people with headaches.
Authorities have signed an air transport agreement to allow more flights on the UAE-China route as demand rises.
The fifth and last LNG shipment from Qatar is expected to be loaded next month.
Minor Hotel Group has tied up with Dubai-based Rani Investment to expand in Africa.
Oman became the last country in the GCC to adopt Islamic finance in December 2012.
The proceeds will be used by the lender for general business purposes.
Ali Asghar’s departure effectively means Lazard has no senior bankers in Dubai.
Around 70 per cent of Indians in the UAE send money home. The war for their wages is hotting up.
The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.
Mobile operator Mobily plans to acquire a controlling interest in loss-making fixed line operator, Etihad Atheeb.
The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.
United Jubail Petrochemical Company, an affiliate of Saudi’s SABIC, has awarded a construction contract for the plant to Germany’s Linde Group.
Deployment of android tablets will help in building smart hospitals in Dubai, said a top DHA official.
The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.
Arabtec underwent a major management shake up in February, replacing its founder and chief executive.
The utility has issued a request for tenders for the 1200 MW plant.
Dubai International Airport will close runways for 80 days beginning from May 1, 2014 for a maintenance project.
The Rolls-Royce Phantom Coupe ‘Ruby Limited Edition’ will go on sale exclusively at Abu Dhabi Motors
Increased patient flows and higher occupancy levels at helped boost business.
A survey finds it takes more money to be considered wealthy in the UAE than it does in the United States or the UK.
Dominic Ellis is the first journalist to experience the new class of Dubai’s low-cost carrier, testing everything from the cabin to duty free.