Shisha cafes benefitted the most as they drew late night crowds with suhour menus and live streaming of soccer games.
The company said that its shareholders had approved issuing a bond that would allow a strategic investor to buy into the company.
Policymaking complacency and the launch of larges scale projects such as Mall of the World could lead to property bubble, finds report by the Bank of America Merrill Lynch.
Dubai jumped 23 spots to rank as the 67th most expensive city in the world for expatriates.
The initial phase extends over 2 km, from the Dubai Sailing Club up to a point close to the Dubai Municipality’s Center at Umm Suqeim.
The Dubai construction firm lost almost 50 per cent of its stock value after stakeholder Aabar cut its stake and former CEO Hasan Ismaik resigned.
Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.
The emirate is expected to receive around 12 million overnight international visitors in 2014, a new study says.
Dubai carrier chalks up double-decker milestone with Kuwait and Mumbai next to join the A380 network
Dubai’s only listed crude oil shipper said it had written off accumulated losses worth Dhs1.1 billion.
Strong revenue from property development along with improving performance in Nakheel’s retail, leasing and leisure businesses contributed to these results, the company said.
Deal first announced as a commitment at the 2013 Dubai Airshow has now been finalised
DP World owns one-third of Djibouti’s Doraleh Container Terminal.
The offer is open to investors in Damac projects in the Burj Area, Dubai Marina, Jumeirah Village and AKOYA by DAMAC.
Dubai carrier decides to call time on Ukraine service which launched in January
Dubai recently announced plans to build the “Mall of the World”, including the world’s largest mall, a theme park and 100 hotels and serviced apartments.
The spot silver contract will follow the launch of the first spot gold contract by the DMCC.
Emaar has launched many new residential projects this year and is also expanding its flagship Dubai Mall.
Through the use of the app, check-in time will be reduced to two minutes per passenger, the airline said.
The certificate allows Limitless to legally move forward with the Halong Star project in Vietnam.
The free zone registered 1,027 companies in the first six months of 2014.
Jumeirah Beach Residence saw the highest increase in rent prices at 10 per cent quarter-on-quarter, according to a report by Asteco.
The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.
ENOC is one of the three companies that won the qualification certification to open more outlets in Saudi Arabia.
The SCA said it would also set up a technical committee with the central bank and the exchanges to prevent any manipulation of stock prices.
Drake & Scull subsidiary Passavant Energy & Environment will construct and operate two wastewater treatment plants in the North Indian state of Punjab.
The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.
Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.
Dubai’s main index climbed 2.4 per cent as shares in Arabtec jumped 5.4 per cent in early trade.
A list of the top iftars around Dubai this Ramadan and what they charge along with their major attractions.