The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.
This month sees the Dubai airline start three services in Eastern Europe
Oil fell nearly $2 a barrel in Asian trade on Monday and both U.S. crude and Brent have fallen for five straight months.
Houston will also join the airline’s superjumbo network this week
Dubai now boasts the world’s largest football mosaic and world’s tallest structure in chocolate
Indian low-cost airline spots budget travel opportunities to Bengaluru and Kozikhode
Brent crude prices have fallen about 10 per cent since regional equity markets last traded on Thursday.
Dubai Parks and Resorts, a unit of Meraas Holding, is selling 40 per cent of its shares.
Meetings will take place in London on Dec. 1 and Dubai on Dec. 8.
Real estate firms in Dubai are developing hotels and hotel apartments as they seek to tap into the rising number of tourists.
San Francisco, Milan and Houston are the three destinations that will be served by the jumbo jet in the first week of December.
The tender for construction works at the Expo Dubai 2020 site in Jebel Ali is expected to be awarded next year.
The competition will have two extra awards this year, namely the Grand Prix for Good and the University of the Year.
The developer did not specify the number of new units set to be launched or the estimated completion date.
The $2.9 billion theme park complex is located in Jebel Ali and is slated to open in late 2016.
The Islamic mortgage lender has been negotiating with creditors to finalise the deal, which was approved by shareholders in September.
The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.
The ‘See you in Dubai’ campaign will focus on attracting tourists from markets in Europe, Asia, Africa, Latin America and the Middle East.
Jumbo.ae has been developed in collaboration with Build-a-Bazaar, a subsidiary of Indian e-commerce firm Infibeam.
EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.
Located at The World Islands, the store will be at a depth of four meters underwater.
The new flag-down rate will increase from Dhs3 to Dhs5 during the peak hour timings of 7-10 am and 4-8 pm.
Upto 35 per cent of overall infrastructure work on the Dubai Parks and Resorts complex is completed, confirm officials.
The service, which is scheduled to begin on December 1, will boost cargo and passenger capacity by a third on the route.
Hotels can boost in-house guest spending by 37 per cent during pleasant weather conditions by personalising communication to guests, a new study says.
Qatar’s index rose 0.3 per cent while Abu Dhabi’s benchmark edged up 0.1 per cent.
Henrik Stenson’s win also put him second on Europe’s money list and he will earn a further $800,000 from a $5 million bonus pool shared among the European Tour’s top 15 players.
The new initiative is part of a programme that aims to transform the emirate into an open air gallery, with various art exhibits across different points of the city.
The company said it would pay the special cash dividend following the recent IPO of Emaar Malls Group.
The smart app aims to create a comprehensive Dubai video guide for travellers, relocating executives and residents.