The agreement between the Abu Dhabi financial services firm and Sberbank is expected to facilitate more investment in both the regions.
The international agency has cut ratings for three lenders in the emirate, and put a fourth on review.
Its best-selling Falcon 7X features a 5,950nm range which can serve most city pairs demanded by business aviation travellers
Group owner Vivendi is selling 53 per cent of its stake in the Moroccan mobile operator.
Located along The Walk, the 341-room property will contain five restaurants and bars
Dubai Aerospace Enterprise had earlier ordered 10 747-8 planes and also has orders for seven 777 freighters.
Hotels in neighbouring Abu Dhabi posted a decline in occupancy and profit rates, says new survey.
The telecoms operator faced a two-week ban on SIM card sales over provisioning requirements.
The government has started imposing fees on companies that hire more foreign than local workers.
MEBA conference will shine the spotlight on new airport – ahead of business aviation operations starting mid-2013
Following the resignation of the CEO of Gulf Air, Samer Majali, this week, where does the airline find itself as it approaches 2013?
Dedicated facility at Dubai World Central Airport will help meet demand surge for professional pilots
Sheikh Jaber al-Mubarak al-Sabah has been asked to form a new government by December 16.
The low-cost carrier is the launch customer for the ‘Fiber-To-The-Screen’ system by Lumexis, enabling HD movies to be shown simultaneously in every seat back.
The chain is in the midst of an aggressive Middle East expansion with new hotels in Jordan, Kuwait, Oman, Saudi Arabia and another property coming up in Bahrain
The low-cost carrier will fly three times a week between Sharjah and Basra.
The carrier has started four-times weekly services between Doha and Warsaw.
The US Department of Justice is investigating if the alleged Barclays’ bribes were replicated at other banks.
People using taxis in Dubai will have to start paying the Dhs4 toll from January.
The government hopes the new rules will reassure foreign investors and help bring in more cash from overseas.
The law provides for an umbrella body to regulate banks, financial services and insurance companies.
The Abu Dhabi carrier already owns a 29.12 per cent stake in the German airline.
“Motivated” topped the list of words used by LinkedIn members in the UAE in 2012.
Czech Airlines, a member of the Sky Team alliance, lost $12.10 million last year.
A police report says a cigarette was to blame for causing the fire in Jumeriah Lakes Towers.
Under the agreement, NMC Trading will introduce Radikal’s Basmati rice to the UAE market.
The surge in new orders reduced in November, according to the HSBC UAE Purchasing Managers’ Index.
The annual GDP rise of 3.1 per cent was mainly due to non-oil economic activities.
Development in Dubai World Central is progressing rapidly with business jet operations set to launch in 2013.
The new policy means companies will be fined if less than 50 per cent of their workforce is made up of Saudi nationals.