Gulf Arab banks have stepped up bond sales this year with over $5 billion of dollar-denominated bonds issued so far.
The bank recorded strong growth in net profit and net income compared to its first quarter in 2012
The repayment was part of a dual-tranche facility issued in April 2008.
Emirates and Qatar Airways are expected to be among the first and possibly biggest customers for Boeing’s latest aircraft.
The government hopes to facilitate debt sales by its private sector, says finance minister Darwish al-Balushi
The emirate’s new tourism strategy is aimed at achieving that vision, says senior official.
The Trump International Golf Club Dubai will be the first course by the organisation in the Middle East.
Exhibitors are queuing up to promote themselves at the 20th edition of the ATM next week, as the region’s travel and tourism operators embrace the upturn.
The deal would allow RMAL to develop venues under the chef’s name both regionally and internationally.
The Wyndham Dubai Marina is expected to open within the next three years and will house 497 guest rooms.
President and CEO says plans to double the number of hotel rooms in Dubai is ‘100 per cent achievable’.
The 10 year loan facility will be used to develop the first phase of the residential compound
The Dubai-based construction firm will be building 253 luxury villas in Emaar’s Casa development in Dubai.
ADCB’s shares hit a 4-1/2 year high on Wednesday; the bank posted a five per cent increase in first-quarter net profit.
Sheikh Nawaf, 75, is the brother of the ruling emir and is next in line to lead the oil-producing Gulf Arab state.
A source has said Qatar Solar Technologies (QSTec) is willing to take a minority stake in the German solar company.
The deal is being channelled through Qatar Foundation Endowment.
The emirate is likely to have more than 160,000 hotel rooms by the end of the decade.
A burst of inflation could disrupt Qatar’s infrastructure programme being developed for the 2022 FIFA World Cup.
Can the quality of Dubai’s international outreach campuses ever match home schools – or are students being cheated?
Martin van Kan tells Alicia Buller about his rise from used plate collector to general manager of Dubai’s glitzy Fairmont Palm hotel.
The UAE lender has not opened a new branch in Dubai for almost 14 years and yet it reported a rise in net profit of 24 per cent for 2012.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
Dominic Ellis, editor of Business Traveller Middle East and seasoned pro at ATM, gives his guide to surviving the week.
The 370-room hotel marks the company’s eighth signed property in Saudi Arabia and follows recent agreements for JW Marriott hotels in Doha and Casablanca
Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.
Globally, there have been 17 confirmed cases of human infection with the novel coronavirus (NCoV), including 11 deaths.
Akbar Al Baker slams US aircraft maker for delays but says the Dreamliner should never have been grounded in the first place.
The contractor reported a net profit of Dhs63 million ($17.15 million) for the quarter ended March 31, compared with a profit of Dhs37.6 million in 2012.
Sheikh Salman secured 33 of the 46 presidential votes available from AFC member associations in Malaysia.