Selected employees will receive salary hikes of between 30 to 100 per cent, the government has said.
The retailer plans to invest over $1 billion annually over the next five years on expanding its business.
Dubai World had paid $375 million in 2008 for its 50 per cent stake in Fontainebleau Miami Beach.
Shares in Drake & Scull, which are up 93 per cent year-to-date, have been buoyed by the merger speculation.
Dubai’s benchmark index declined 1.6 per cent, paring the surge for the year to 93 per cent.
Hilton’s top-end brand will reach out to tourists and corporates
UAE’s strong growth in its retail sector is expected to boost the country’s apparel industry.
Mall of Qatar’s general manager says the complex will set the standard for malls internationally.
Tougher penalties and strict law enforcement are needed to stamp out intellectual property fraud in the UAE.
The DFM General Index climbed 1.3 per cent to 3,199.88, the highest since October 2008.
The 10-storey, 270-unit tower aims to serve professionals working to build the Expo 2020 venue.
Mahdi Amjad, CEO of real estate company Omniyat says impact of the win was felt “from the first minute the results were announced.”
Dubai has the required production infrastructure and services to become a global media hub, says study.
The developer said it has instructed Deutsche Bank, the registrar and paying agent for the sukuk, to pay the amount to trade creditors.
Will Dubai’s massive fashion industry investment propel it to the big league?
The Middle East’s largest cinema group has aggressive plans to expand into Qatar and Bahrain in the coming year.
The lifestyle development, located within DWC, will include a golf course, hotels, retail outlets and a business hub.
Global operator plans to have 10,000 rooms in the city by 2020
Dubai will spend $8.1 billion on roads, an airport, hotels and an extension to its rail network in preparation for the 2020 world fair.
The $1 billion project will offer 479 rooms and suites and 222 Viceroy Residences with sea views.
The carrier said its 14 weekly passenger services will continue to operate through Dubai International.
Dubai has set itself a target to generate half the additional power needed to run the Expo from renewable resources.
Dubai’s third quarter imports touched Dhs610 billion and have been instrumental in boosting the emirate’s trade.
DWC greets its first full service carrier as Gulf Air marks its first flight to the new airport
The 62 kilometres-long project is expected to be completed within 30 months and will be built in phases.
The DFM General Index advanced 0.6 per cent to 3,031.80, the highest since November 2008.
Holiday homes market will allow property owners to lease out on a periodic basis while broadening visitor accommodations.
The New Al Ain Hospital will be built by 2018 under a Dhs3.3 billion ($900 million) contract.
DEWA’s 2014 budget has been set at Dhs20.56 billion compared with 13.835 billion in 2013.
The emirate still offers higher rental yields than many global cities.