Passenger traffic related to Russia and other countries in the Commonwealth of Independent States plunged 18.2 per cent from a year earlier in November, Dubai Airports said.
The fuel retailer has slashed the price of diesel by an additional 20 fils to Dhs3.10 per litre as of December 30.
The firm sold off its 100 per cent stake in the hotel to a UAE-based investment firm for $95 million.
Dubai Investments is seeking to profit from a market recovery in the emirate after one of the world’s worst property crashes during the financial crisis in 2008.
The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.
The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.
Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.
The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.
As the festive season nears, Gulf Business rounds up the top dining options this Christmas in Dubai.
The firm said that it would make a further announcement on its organisational structure at a later date.
The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.
Experts say that Dubai real estate would not be able to escape a temporary impact from cheaper oil but noted that the economy is well diversified to sustain the lull in oil prices.
The Dhs600 million seafront project registered Dhs432 million in sales during the first phase of launch.
Ghaith Al Ghaith describes how flydubai became the Middle East’s largest short-haul airline in just five years.
The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.
The fuel retailer said that the price reduction is in line with the international crude oil price trends.
The price of brent crude for February delivery settled up two per cent at $61.18 a barrel on Wednesday.
The company’s shares have plunged 42 per cent since the end of October as part of a panic sell-off in the Gulf.
The plan outlines the emirate’s development framework over the next seven years.
Shares of three Bahraini companies are listed on DFM and accounted for one tenth of the bourse’s traded value this year.
The emirate’s off-plan sales market has been attracting strong investor interest despite a fall in house price growth, a new report says.
The Dubai-based carrier is preparing for its ‘busiest’ week of 2014.
Located at the newly opened Four Seasons Resort Dubai, Provocateur Dubai aims to be the first electronic music venue in the city.
Residential rents in Dubai grew just seven per cent in 2014 while sales prices rose 18 per cent, a new report says.
Sheikh Ahmed also said the government would seek to control inflation to keep the emirate competitive in business terms.
Emirates set to be first airline to fly the A380 to Perth next summer