The tram will operate from 6.30 am to 1.30 am from Saturday to Thursday and from 9.00am to 1.30 am on Fridays.
The state-owned property firm is on track to restructure the debt by the end of the year, when a payment worth a third of the total comes due.
Dubai’s diversification into sectors such as trade, tourism, real estate will ensure that it enjoys favourable economic conditions.
Expo 2015 Milan is themed around the issue of tackling global food and hunger challenges.
The company said in an emailed statement that it collected more than Dhs13.6 billion in its 16-day IPO.
Third A380 service provides more choice for passengers connecting later in Dubai, and flying onwards in America
The deal between NASDAQ Dubai and Misr for Central Clearing, Depository and Registry (MCDR) establishes technical ties that will facilitate dual listings.
The majority of UAE residents (84 per cent) surveyed said that their rents increased at some point in 2014, according to price comparison website MoveSouq.com.
Drydocks World will offer offshore marine and operational management solutions for the upcoming island.
New regulations will cap the price increase for health services offered by the private sector at 4.22 per cent, the Dubai Health Authority said.
The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.
The airline said that almost half a million passengers have connected to its in-flight wi-fi since Emirates launched the service three years ago.
Madrid-based Parques Reunidos will operate the two theme parks coming up within the bigger Dubai Parks & Resorts Complex.
French hospitality giant confident about region’s outlook and identifies eight key tech areas
Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.
The firm is currently earmarking the U.S. dollar-denominated sukuk to price in the area of the very low 200s in terms of basis points over midswaps, a document showed.
Almost 50 per cent of the households in Dubai earn between Dhs9,000 to Dhs15,000 per month and can only afford rents ranging from Dhs32,500 to Dhs54,000 per annum, a new study says.
Daman will sell new shares equivalent to 55 per cent of the firm to the public.
In-demand chef plans to launch new Asian and Bar & Grill concepts next year
A booming population, growing prevalence of lifestyle diseases and mandatory health insurance policies are fuelling the growth of private sector firms in the emirate’s healthcare industry.
The 1.9 km Night Souq, coming up on the south island, will be within walking distance of hotels, residences and the Deira Islands Mall.
The freezone operator also plans to launch a start-up fund by the second quarter of 2015.
Authorities are investigating possible violations connected to the lender banking for Iranian-controlled entities in Dubai.
The financial institution and its ME unit were found to have mis-sold $200 million of investment products, a Dubai court ruled.
The retail and malls unit of Dubai’s largest developer made a quarterly profit of Dhs321.18 million.
The airline is the world’s largest operator of the 777 range developed by US-based Boeing.
Godolphin did not disclose the size of the share or its price.
Revenue for the quarter was Dhs1.98 billion, down from Dhs2.35 billion a year ago.
The spaces are available in Azure Residences and Club Vista Mare, two beachside residential and recreational projects.
Fifth Sheraton in Dubai has World Trade Centre delegates firmly in its sights