The company did not disclose the value of the deal but other media reports valued it at $8.2 billion.
Working hours for private sector employees will be reduced by two hours with no change in salaries.
The authority was previously called Dubai Technology and Media Free Zone Authority.
NMC will acquire 100 per cent of ProVita for cash from TVM Capital Healthcare Partners, Saudi Arabia’s Olayan Group, Al Zarooni Emirates Investment and other minority shareholders
Suhail bin Mohammed al-Mazroui said that the government had requested a report after there were questions over why domestic fuel prices didn’t drop after global oil prices fell
Saudi Arabia’s Capital Market Authority has indicated it does not want or expect large, sudden fund inflows
The deal was awarded to UAE-based Arco General Contracting for carrying out community infrastructure work on the project
The deal could include 30 A320neo planes and up to 20 A330 aircraft, sources said
The Abu Dhabi airline is planning to launch its bond through a unit or special purpose vehicle
The programme needs to have a final approval from the UAE Central Bank before it goes live, the federation said
Employees at ministries and other federal authorities will work from 9am to 2pm during Ramadan
The accused were charged with plans to bomb various sites across Bahrain and for receiving training to carry out such acts from a foreign country
Abu Dhabi Global Market is preparing for its launch in the second half of 2015
The government said that it will rethink quotas in some sectors which failed to attract citizens due to the nature of work involved
Three US carriers are calling for an end to the US’ open skies agreement with the UAE and Qatar over a subsidies row
Musallam al-Barrak, a former member of parliament, has long been at odds with the authorities over changes made in 2012 to the election law.
The region is holding its breath as Saudi Arabia finally opens up the Tadawul to foreign investors, but are the doors fully ajar?
Riyadh may soon have to face a choice: accept the de facto control of its foes over Sanaa and cut a deal, or keep fighting with the risk of Yemen sinking into total chaos.
Dubai’s hotel operators have traditionally seen high levels of occupancy. But with currency devaluation and growing supply, how is the industry coping?
The company officials said while Chinese oil demand was stabilizing, the highest growth was likely to come from India in the second half of this year.
The profit payment will be made to all sukuk holders on June 15, 2015 against the sukuk issued amount of Dhs4.4 billion
The recent drop in oil prices along with a decrease in travel from Russia and Europe caused the slump
The UAE’s and Qatar’s official news agencies said Gulf information ministers had called Qatar’s winning of the hosting rights “a success for all the states of the GCC”.
Michelin-star chef’s arrival raises the stakes in city’s competitive F&B scene
The company aims to double the number of outlets in the UAE and Saudi Arabia in the next six to 12 months
The move, which would see around 250 support positions eliminated, is aimed at creating a leaner entity and increasing competitiveness.
According to the decree, all real estate developments must be registered with the government along with sales transactions listing the buyer.
The store will sell Enfield’s popular bikes such as the Bullet, the Continental GT 535cc café racer, the Rumbler and the retro street model Classic.
The two Boeing 737-700 BBJ aircraft are due for delivery in September and December
CEO Tim Clark says governments, airports and organisations in Europe frustrated with local airlines have asked Emirates to start offering international service