Gourmet Gulf holds franchise rights for brands like California Pizza Kitchen, Morelli’s Gelato and YO! Sushi.
The Dubai-based bank also announced an increase in customer deposits of 22 per cent while its customer base rose by 14 per cent.
The Dubai-based private investment bank reported net profit for the first half of the year was up 28 per cent on 2012.
Dubai plans to construct 850kms of cycling tracks across Dubai in the next few years.
Dynamic Tower will be a rotating skyscraper measuring 80 stories high and rotating a full 360 degrees every 90 minutes.
Sheikh Mohammed approved the scheme which will help 5,000 families before the end of the year.
Close monitoring is essential to prevent a second Dubai property bubble, writes Mohammed Faheem, senior research analyst at CBRE Middle East.
The majority of businessmen in Dubai expect a profitable third quarter this year, find two official surveys.
Dubai Airport Freezone Authority saw 94 new international companies register in the first half of the year.
The bank made a net profit of Dhs1.3 million in the quarter, compared with a loss of Dhs15.9 million for the same period last year.
Google has given access to all three classes and even the pilot’s cockpit of the world’s biggest jet through its Street View cameras.
Emirates Executive launches at a time when business aviation is seeing a rise in regional demand.
As the peak season for hospitality winds down, average occupancy across UAE and Saudi hotels witness a slight decline.
Drake reported a net profit of Dhs52.2 million for the quarter ended June 30, compared with a profit of Dhs32 million in the corresponding quarter in 2012.
The council will create a strategy to develop Dubai’s fashion industry and support existing events in the sector.
Deyaar, one of the worst hit during Dubai’s property market crash, posted a second quarter net profit of Dhs27.3 million.
The value of commissions, earned by property intermediaries, companies and individuals helps in assessing the value of growth in the real estate sector.
Abbas Yazdi, a British-Iranian citizen, was reported missing on June 25.
The sale transaction worth $550 million concluded on July 31.
With hotels battling the double dampener of Ramadan and summer, firms are boosting their coffers through iftar and suhour offerings.
Visitor numbers from Saudi Arabia rose by 31.6 per cent during the first half of the year, said DTCM.
The emirate’s recently launched project is receiving strong interest from designers, design academies and boutique hotels, says developer.
The port operator’s volumes dropped in Asia, Europe and the Middle East.
Dubai property prices have soared around 35 per cent from a year ago in June, according to estimates, triggering fears of another bubble.
Foreign investments in Dubai’s real estate market increased 73 per cent from H1 2012 to reach Dhs32 billion.
The emirate is setting up a special legal committee to settle disputes related to projects officially cancelled by RERA.
Tickets for a roundtrip between the emirates are priced at Dhs150.
The Dubai developer made a net profit of Dhs1.23 billion, up marginally from Dhs1.22 billion in H1 2012.
Passenger traffic was aided by Emirates airline’s tie-up with Australia’s Qantas.
Apartments in areas like Al Nahda and Al Majaz recorded a rental hike, while villa price hikes varied depending on location.