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
The contract is for the sale of 24 Airbus-built military helicopters to Kuwait
RWE’s CEO Peter Terium had said earlier that the company was in talks with an Abu Dhabi investor regarding joint renewable energy projects, but declined to reveal its identity.
Boeing’s 737 manufacturing facility in Renton produces 42 airplanes every month
The ministry said that it has signed a deal with retailers to offer discounts of up to 70 per cent during Ramadan on about 4,700 essential food items.
Construction is expected to start in 2016 and production to begin in 2019, the company said.
The deal, due to be implemented in July, provides the Dubai carrier with greater access to the UK and Europe
The official did not specify a date by which the airline would file its responses to subsidy allegations
The portfolio includes 16 facilities and 4,000 residential units for continuing senior care, the company said in a statement.
The airline’s CEO Akbar Al Baker accuses one of his American partners of blocking its expansion
The financial free zone hopes that Dubai’s financial sector will raise its GDP contribution to 18 per cent over the next 10 years
The busiest routes in April were London Heathrow, Bangkok, Manila, Doha and Mumbai.
New report identifies Sweden as the world’s most advanced and productive internet economy
The storm, which could make landfall in Oman, is expected to cause sea levels to rise in the UAE’s east coast
A group of 33 pilgrims from Saudi was exposed to poison on Sunday while staying at a Mashhad hotel.
The country’s under development theme parks are also expected to attract about 18 million visitors, a new report shows
The project is part of the company’s plans to develop electricity projects in 17 African countries, mainly based on renewable energy
Construction was the best performing sector in terms of output and employment growth in May, a new survey shows
Oil prices remain a key risk to the outlook, which is based on average prices of $56.0 and $61.6 per barrel in 2015 and 2016 respectively