Etihad codeshare partner Alitalia is set to receive €300 million from shareholders and €200 million from bank credits
The event, which takes place once in three years, attracts over 5,000 industry leaders.
The gold-embroidered, black-dyed Kiswa, a silk cover draped over the Kaaba, took eight months to produce.
The two financial hubs held a combined $181 billion in sharia-compliant banking assets as of 2011
The UAE has purchased 30,000 tonnes of milling wheat from India.
The death toll from the respiratory virus in the Kingdom, where the strain emerged last year, has reached 51.
It’s been a landmark year for the UAE as the economy rebounds, but debt worries and nationalisation concerns still loom.
Recent incidents have proven that companies damage their reputations if they stumble on social media platforms.
Prominent UAE commentator Sultan Sooud al-Qassemi suggested in an op-ed that citizenship could be opened to long-time foreign residents.
DPG announced the new villas following the sell-out of all the initial units in its Dubailand-based residential project.
The deal was reportedly worth about 1.8 billion euros ($2.4 billion), according to sources.
Park Inn by Radisson Riyadh will be followed by a Radisson Blu Hotel & Residence in Jeddah
About $40 billion worth of property projects were announced in the first half of 2013, and a further $11 billion in the two weeks before Cityscape.
Hilton spots potential for mid-market brand in the Eastern Province
The region’s sole IPO in the third quarter of the year raised $138 million, lower than the $252.3 million raised in Q3 2012.
The Abu Dhabi-based airline now holds more than 515 million shares in its equity partner airline
Dubai’s hospitality sector has been recording a strong growth rate.
Exclusive: Boeing’s relationship with the airline is “very strong” despite all the Dreamliner issues, says Marty Bentrott, VP sales at Boeing.
A group of women’s rights activists have called for a new campaign on Oct. 26 to push for an end to the ban.
Saudi authorities had drafted a bill earlier this year that sets 16 years as the minimum age of marriage for girls
A crackdown on illegal expatriates will resume on November 4 after a seven-month grace period
With a deluge of new projects, it remains to be seen if the government’s measures will make Dubai’s property market sustainable.
The developer also plans to construct an amphitheatre on The Walk alongside the hotel.
Some experts predict a further hike in sales prices, though other insiders say that rates have stabilised.
Abu Dhabi conglomerate Al Jaber Group set up a five-bank creditor committee in 2011 to negotiate a $4.5 billion restructuring
The proposed financing comes ahead of a $1.25 billion bond maturity in May 2014
Abu Dhabi carrier makes unusual move in order to meet Los Angeles launch next summer
Etihad expanding east and north as Jakarta flights set to double at the end of October and Latvian trade links to be bolstered by airBaltic’s new flights from December
Luxury property developer dismisses fears of another market crash.
Sobha, in a joint venture with Dubai’s Meydan, is currently developing the Dhs25 billion Mohammed Bin Rashid City – District One project.