The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.
GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.
The Emirates Group announced figures of Dhs2.2 billion net profit for the first six months of its fiscal year.
The bank made Dhs1.2 billion in the nine months to September 30 up from Dhs899 million in the corresponding period last year.
Repeat holidaymakers and executives can now buy a slice of Penthouse luxury living.
Emad Mansour was recently the chief executive of Doha-based Qatar First Bank.
The service costs an additional €10 per flight on services to Kiev, Sofia, Budapest and Bucharest.
Standard Chartered has around $300 million exposure on the loan, while Citi has the rest.
Saudi Arabia continued to be Dubai’s primary source market, recording a 31.6 per cent rise in visitor numbers.
The 466-room property will target ‘new Dubai’ businesses as well as value-seeking business travelers.
Set in the new Al Maktoum International Airport, Dubai’s Airshow is set to be bigger than ever.
The financing is for six Boeing 737-800 aircraft three of which are scheduled to be delivered in the second half of 2014.
The new tower, rising 369.1 metres, will be one of Dubai’s top ten tallest buildings.
The Entertainer has been on a major expansion drive following investment by Abraaj Capital.
Dubai’s real estate market has been rebounding from its crash while the hotel and restaurants sector grew 13.7 per cent in the first half of the year.
The Dubai company reported a net profit of Dhs23.8 million for Q3, compared with a profit of Dhs3.9 million in the corresponding quarter in 2012.
Dubai carrier is eyeing a wide range of export opportunities.
Swiss operator’s sixth Dubai property is an “unpretentious” addition to the New Dubai scene.
Rotated on a quarterly basis, the suite will be home to works selected by Showcase Gallery.
More than 600 vehicles will be on show with an expected attendance of over 100,000 visitors.
DFM made a net profit of Dhs82.8 million in the three months to September 30, compared with a net loss of Dhs1.7 million in the same period in 2012.
The new portal will provide information on real estate and support stakeholders across the industry.
Citigroup and Deutsche Bank are joint bookrunners for the offering.
The partnership will pursue and perform large scale infrastructure projects like metro, railway, bridge, port and tunnel projects.
The luxury car maker will unveil the one-of-a-kind Phantom Coupe at the Dubai Motor Show this week.
Dubai’s exchanges have so far listed $12.5 billion of sukuk and the total is expected to reach $16 billion by year-end.
Dubai’s housing market is rebounding strongly, with prices up over 20 per cent in the last 12 months.
Dubai’s property investors have been seeing a net yield of six per cent in just Q3 2013.
The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.
The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.