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.
The non-OPEC oil exporter’s only previous international bond was a $225 million Eurobond sold in March 1997.
Warner Bros licenses regional operator to market the themed fragrances in the Middle East.
The new four-year deal promotes the Dubai-based carrier to main shirt sponsor of the club from the 2013/14 season.
The 37-year-old Emirati was last month found guilty of administering anabolic steroids to 15 horses in the Godolphin stable.
The MasterCard Cities Index report showed the UAE’s capital has a growth rate of 16.1 per cent in relation to visitor numbers.
The Saudi dairy firm will distribute bonus shares in a move approved by its shareholders.
The International Monetary Fund forecasted Saudi Arabia’s GDP growth at 4.4 per cent, down from 6.8 per cent in 2012.
Canadian Foreign Affairs Minister John Baird confirmed the news in Ottawa.
The worldwide death toll now stands at 23 as Saudi Arabia reports five new cases.
Earlier this year the kingdom began to crack down on the many foreign workers who violated their visa terms.
The work is due to be completed within three years at the refinery.
Penney, who resigned from RBS in March, will join First Gulf Bank as head of its expanding wholesale banking division.
The plant is expected to begin commercial operations in 2018.
Resumption of services after two years will benefit passengers with connections within the GCC, Indian Subcontinent, Far East and West Asia
Proper regulatory and policy frameworks are required to reach this potential, says expert
Luxury Indian chain’s first UAE property is poised to open its doors next month.
Deutsche Bank AG and Goldman Sachs Group are mandated joint sponsors and global coordinators, with HSBC Holdings as joint bookrunner.
The move comes a day after Bahrain’s foreign minister called the head of the Shi’ite Muslim group a “terrorist”.
Prince Miteb’s promotion bolsters his credentials within the ruling al-Saud family.