The facility is part of the company’s expansion strategy and is expected to generate over 2,000 jobs in India.
Three more hotels are due to open on site, a five-star property, another four-star hotel and a three-star hotel and apartments.
Kerzner sold its stake in Dubai’s Atlantis resort to state-owned Istithmar World for $250 million.
A joint venture between Taylor Woodrow and Abu Dhabi contractor Fibrex will work on the airport’s expansion.
The emirate’s airport handled 5.1 million passengers in February.
Arabian Radio Network announce the new 24-hour channel in response to growing demand from Filipino nationals.
The Dhs50 million facility was signed by Noor Islamic Bank and Commercial Bank of Dubai.
Abdulaziz al-Sugair will take the helm following the imminent departure of CEO Khaled al-Ghoneim.
Two-way trade between Dubai and Iran was roughly Dhs25 billion last year.
The Omani bank lost a court case in June 2011 against Oman International Bank, Ali Redha Trading and Muttrah Holding.
Aramco Overseas signed a deal in March 2011 with oil firm PetroChina to build a 200,000 bpd refinery.
Current oil prices will not deter economic growth, says Saudi’s oil minister.
Meetings with fixed income investors are scheduled to conclude in London on Monday, having taken place in the United States last week.
The dollar-denominated deal aims to boost the bank’s supplementary capital.
The Kingdom is reportedly in talks with application operators to ensure that they adhere to regulatory requirements.
People of the UAE “deserve the best,” Sheikh Mohammed said at the first meeting of the country’s new cabinet.
The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.
A coalition of seven banks will back the dual-tranche, long-term loan, say sources.
The Dubai-based construction company is building a twin-tower project in South Cairo.
This is the second time that the meeting has been rescheduled.
A mixture of issues including the right type and price of housing, in the right locations, is causing a problem in the Kingdom, says report.
FIFA president Sepp Blatter has said that any request to change the timing of the event from summer to cooler months would have to come from Qatar.
Fahd bin Ibrahim al-Dughaither has been named the new head of the struggling telecoms operator.
Douglas was formerly CEO of Abu Dhabi Ports Company (ADPC) and replaces James Bennet.
Radio broadcasters Malcolm Taylor and Brandy Scott discuss their views on traffic, world record attempts and how the financial downturn benefited their show.
It is often unclear what Doha wants back from its investments – an ego boost, political, or a financial return.
Property rates in prime locations have increased substantially in the last six months, says new report.
The Dubai-based contractor said that the fundraising was part of a five-year expansion plan.
Shipments to the US from OPEC’s top producer had dipped earlier in the year.
ADNOC has recommended that Shell win the multi-billion dollar project, sources have said.