Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.
The telecoms operator will offer 55.9 million shares at one dinar each.
Tie up with global travel wholesaler Tourico Holidays provides passengers with access to more than 36,000 hotels
The new entity, Emirates Global Aluminium, will be jointly held by Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).
The UAE’s first direct supermarket price comparison. Are you getting a fair deal?
The rescheduled payment, spread over seven years, will be treated as a commercial loan.
The wheat is of optional origin from the European Union, Australia and North and South America.
Airline now serves both Tokyo airports and new service operates as a codeshare with Japan Airlines
The GCC has called Hezbollah’s involvement in Syria “sectarian intervention”.
The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.
The Majid Al Futtaim group planned to partly finance the $683 million acquisition of Carrefour’s stake through a hybrid bond.
The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.
Up to 25 per cent of the construction work on the Khalifa Al Tajer Mosque has been completed.
The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.
The deficit was lower than the BD1.33 billion initially foreseen and is equivalent to two per cent of GDP.
The move was part of an acquisition of BP assets in the North Sea agreed in 2011.
The Saudi company sold its stake to Hawaii-based Outrigger Hotels and Resorts.
The project will allow both countries to share power of up to 3,000 megawatts.
Emirates National Oil Co (ENOC) has cut the retail price to Dhs3.50 a litre.
Has Dubai learned its lesson from the property slump that saw prices drop almost 60 per cent five years ago?
High-rise property in West Bay will further stoke competition in the city’s hospitality sector
Regional firm KEO International has been appointed project manager and LA-based Aecom Technology Corp was named as design consultant.
The lender has received regulatory approval to buy a 25 per cent stake in Malta’s Fimbank.
The nation moved up eight spots on IMD’s annual world competitiveness ranking.
Extra flights to Amman, Cairo, Islamabad and Muscat this summer are designed to improve network-wide connectivity.
The senior, unsecured notes priced at a profit rate of 1.535 per cent, arranging banks said.
Lloyds also said on Wednesday that it would close its business in Dubai and intended to withdraw from South Africa.
The UAE’s currency, the dirham, is currently printed overseas in countries such as the UK and France.
At least four other policemen were less seriously hurt in the attack in Bani Jamra village.
Dubai likes to set records, which is why Guinness World Records is opening an office in the city. Time to celebrate some of Dubai’s stranger world records.