The move comes after days of stock market falls across the Gulf region in response to slumping oil prices.
Rising cost of living and inflation are the main factors impacting the ability of UAE residents to save, a new survey says.
UAE minister of energy ruled out a cut in OPEC’s production or an emergency meeting soon to stabilise the falling oil prices.
Despite the oil slump, the country’s wider economy is likely to be shielded by its fiscal strength, officials said.
The special cash dividend follows the successful IPO and listing of the Emaar Malls Group.
The museum, anticipated to be ready by December 2015, will encompass 9,200 square metres of art galleries.
The Abu Dhabi-based airline is expanding its US network as it looks to tap into the growing business and trade links between the US and the UAE.
The Dubai benchmark tumbled 6.1 per cent to 3,374 points, erasing most of its remaining year-to-date gains.
Current CEO of Tasnee, Saleh bin Fahad al-Nazha, resigned for personal reasons, the company said.
PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.
The handover of Airbus’ first mainly carbon-composite jet was originally scheduled for December 13.
The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.
ORPIC had said on Dec. 5 that it had put out a fire at one of the naphtha treatment units at the refinery in Muscat.
Under the grant, Jeddah-based IDB will setup treatment centres in Sierra Leone, Guinea and Liberia and Mali.
ahrain became the first Middle East country to host a grand prix in 2004 and Abu Dhabi followed in 2009.
So far, only a 42-page statement on the report has been published by FIFA ethics judge Hans-Joachim Eckert.
Songbird Estates is the owner of London’s Canary Wharf financial district.
It is particularly looking to expand into North Asia and mainland China and also wants to increase its presence in India.
The Danish man was injured after he was shot in Riyadh last month.
Greg Young says the rebranding is crucial to the Omani telecom operator’s future success.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
The five-star hotel is currently owned 50 per cent by Saudi billionaire Prince Alwaleed Bin Talal’s Kingdom Holding.
Remuneration trends in fields such as finance and accounting, financial services, information technology, legal, HR and administration has risen marginally, says new report.
Saudi Aramco’s Entrepreneurship Center has funded 43 ventures in the past three years.
Al Yah Satellite Communications Company (Yahsat) will raise around $500 million through a mixture of debt and equity, a source said.
Wasl Asset Management plans to open four three-star hotels in the emirate next year.
The Dubai index sank 7.4 per cent to 3,595 points and hitting its lowest level since January.
Airbus’ finance director aired the possibility of cancelling the world’s largest airliner project due to poor sales.
The state-owned firm said that it will take a 30 per cent working interest in the new exploration blocks in the event of a commercial discovery.
The two airlines will share services on 49 routes, more than double the previous number, state-owned SAA said in a statement today.