The deal is worth an estimated $550.3 million, according to Indian press reports.
Where to go for the best bespoke suits and shirts in the emirate.
Greece’s Hellenic Defense Systems (EAS) and Hellenic Vehicle Industry (ELVO) are among assets earmarked for privatisation.
Saudi is currently the world’s largest market for Islamic assets, says new report by Ernst &Young.
Falcon Private Bank plans to acquire wealth management boutiques that manage between $500 million and $4 billion in assets.
While Etisalat has to pay a royalty of 15 per cent on its revenues, du will initially need to pay a revenue royalty of five per cent.
Experts say companies and individuals in the country will face targeted cyber attacks next year.
Combined with daily Manchester A380 services, the world’s largest A380 carrier will be sending 360 flights to and from the UK each month
Steinway Piano Gallery will be displaying a crystallised 1/6 scale model grand piano worth AED12 million for the first time
A 3,000-seat outdoor tennis stadium will be a focal point, featuring a roof that illuminates at night
The move reflects the increasing number of flights Emirates has on remote stands that are not connected to terminal airbridges – as well as the large number of premium passengers on board its widebody aircraft.
Accor’s renewed focus in this fiercely competitive district follows yesterday’s announcement that its upscale Pullman brand will be reflagged Sheraton Mall of the Emirates early next year
Wefaq, the leading opposition group in Bahrain, said the outcome should “be approved by the people”.
The UAE cabinet has endorsed a new law that aims to support small and medium enterprises in the country.
Saudi Aramco speaks for the first time about the virus that shut down its internal network.
Emaar and Dubai Holding unveil the first development in the ‘city within the city’.
The ex-Manchester United player has attracted the interest of Qatar and UAE-based teams.
This year witnessed a turnaround for the emirate’s struggling real estate sector.
The 130-room Hilton Garden Inn Riyadh Andalusia will be the mid-tier brand’s third property in the Kingdom
First internationally branded three-star economy hotel in the Kingdom will be followed by many more as main hospitality groups target demand for affordable stays
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