The occupancy rate for hotels in February reduced by 2.4 per cent year-on year, according to STR Global.
The micro-blogging site, which is celebrating its sixth birthday, is now seeking to find the right revenue model.
The hotel group targets to have 100 hotels either operating or under construction in the region by 2015.
Mumtalakat has appointed ALBA chairman Mahmood Hashem al-Kooheji as its new CEO.
The emirate has launched a new cultural district in Downtown Dubai, which will include an opera house, an art museum, galleries and art hotels.
The five-year bond is the third issue by Emirates NBD this year and the second by a UAE bank this week.
This is the country’s worst economic performance since 1994, when oil prices fell to $13 per barrel.
India-based Kingfisher Airlines, which operates daily flights to Dubai, said that it was cancelling all its international routes.
The lender had earlier said that it was advised by the UAE central bank to cut its dividend to 10 per cent.
While authorities have taken steps to improve the rights of workers at Saadiyat island, more is needed, says Human Rights Watch.
The property developer said that it will discuss the proposal with shareholders during its annual general meeting on April 23.
However, the UAE Economy Minister said that resuming trade in Amlak stocks will take more time.
Apple tops the global top brands list, which also includes the three entries from the GCC.
The five-year dollar bond is being issued under the National Bank of Abu Dhabi’s $5 billion programme.
The total number of valid trade licences registered in the emirate until late last year reached nearly 103,792.
The UAE based telecoms operator said that it was the first operator to provide 3G services in the country.
The investment house filed for US bankruptcy protection after it failed to reach a $1.1 billion debt deal with creditors.
The Dubai-based property developer retained four of its current eight board members and added seven new members.
Average monthly salaries for some expatriates have gone up by more than 10 per cent this year compared to 2011.
The Bahraini investment group has taken over the GL Education Group, a UK-based education solutions provider.
Apple’s third generation iPad is finally available in select locations across the UAE.
The Dubai developer also said that its funding needs have eased, and that it has no plans to renew talks with Aabar for a stake sale.
The Kingdom’s oil exports rose 143,000 barrels per day in January compared to December, according to the Joint Data Initiative.
The Abu Dhabi property developer, which is eyeing a possible merger with Aldar, replaced its chairman last week.
F1 boss says there won’t be violence at Bahrain race and protests should be peaceful.
The strike caused by the carrier’s employees over a pay hike led to the cancellation of 10 flights within a four-hour period.
The central bank has instructed lenders to find means of reducing the debt burden of UAE nationals.
The merger talks between the two Abu Dhabi-based developers are in compliance with corporate governance, a senior official has said.
The International Monetary Fund said that the UAE’s GDP growth would be moderate this year as economic recovery continues.
The region has witnessed a growing shift towards the wellness experience.