Post the deal, Marka plans to open 17 Morelli’s outlets in the MENA region by 2020
The founding family of Mouka who will retain a minority stake in the company, a statement said
The airline will soon begin a weekly service to Mashhad, its second destination in Iran
The majority of business executives say any losses or gains in the Dubai property market will be within 10 per cent of current values, a new survey showed
Do proper due-diligence on the developer and visit their existing projects in order to pick the right one
By following a few simple steps renting in Dubai can become a lot easier, writes Toby Young managing director of propertyrights.ae
Passenger numbers climbed to 6.2 million in May – up from 5 million a year earlier
Western city becomes third in Germany to welcome the superjumbo
The institute will develop a talent pool of senior managers and project developers in order to expand the UAE’s real estate sector
Nationals from the UAE currently hold 51.02 per cent of the company’s stock, with the remaining GCC nations owning 5.85 per cent
ENOC published its offer document on Wednesday, showing the deal is moving ahead
The regulation will be enforced from August 1, 2015 in order to ensure that all companies comply with the new rules
The carrier said it has paid the Dubai government – its parent firm – nearly $3bn in dividends and is financially transparent with no room for subsidies.
The project is the first major initiative of the ‘Museum of the Future’, a scheme to develop and deploy cutting edge prototypes across Dubai
The contract includes construction of 8.5km of beaches, 3.5km of quay walls and 9.5km of rock revetments at two of the four Deira Islands
The clarification came following reports that the transaction fee would rise from 4 to 8 per cent
The cash payment will be funded by the sale of part of its land bank in Saudi Arabia, the company said
Dubai’s stock index slid 1.3 per cent, heading for a second straight daily close below its 200-day average
The developer did not disclose the value of contracts.
Damac’s latest hospitality project is an 826-key luxury hotel and residences tower on Sheikh Zayed Road.
The current CEO Ahmad Bin Byat has been promoted to vice-chairman and managing director while COO Fadel Al Ali will take over as CEO
The authority is also planning to build three substations, especially to deal with rising power demand during Expo 2020
A list of the top iftars around Dubai this Ramadan, what they charge and their major attractions.
The private equity firm acquired Al Faris Restaurant, which operates the Johnny Rockets franchise in the UAE and Oman.
The airline has cautioned passengers travelling from Dubai between June 25-28 to plan for heavy airport traffic
The bank said the employee had received about $100,000 from a client and transferred it through his personal account to a third account
The emirate’s real estate market is forecast to see a 10 to 20 per cent correction in prices this year, the report stated
Housing and utility costs, which made up 44 per cent of all expenses, rose 7.8 per cent year-on-year
increasing e-commerce spend and a push by governments to encourage cashless transactions are easing more and more consumers into smart payments