As part of the deal, Emirates will become the official airline of the ATP World Tour and the new title sponsor of the ATP Rankings.
The emirate’s tourism authority is holding a five-city road show in India in January.
The new facility at Terminal 3 of Dubai’s International Airport is scheduled to receive its first flight in January 2013.
Provisions set aside for specific NPLs fell slightly to Dhs65.3 billion at the end of October from Dhs65.4 billion in September.
The Indian carrier recently launched the Boeing 787 Dreamliner aircraft between Dubai and New Delhi.
The loan amount will be used for general corporate purposes.
The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.
Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.
Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.
Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.
Survey shows ‘significant increase’ in investment from Europe.
The plant, located in Jubail, is expected to start production in the second half of 2014.
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Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
Jeff Immelt, global boss of GE, opens up to Aarti Nagraj about ramping up regional spend, the challenge of leading 300,000 people and whether he sleeps at night.
The Gulf state had predicted a GDP growth rate of 4.5 per cent for 2013 in June.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
Qatari fund QSI bought French club Paris Saint-Germain in June 2011.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
Shant Oknayan, co-founder of GlamBox, describes the first 12 months for the UAE’s start-up beauty revolution.
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The plan to develop housing programmes could spur restructuring of the emirate’s real estate sector.
The sultanate last year became the last country in the GCC to introduce Islamic finance.
The Dubai bank will also make an offer to minority shareholders for the remaining 4.8 per cent.
The alliance includes switching Qantas’ hub to Dubai from Singapore for European flights.
The group is looking for new advisers after dropping HSBC and JP Morgan Chase.