The Dubai-based investment company blamed a lack of liquidity in the market for postponing its IPO and preventing Dubai’s full recovery.
Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.
While imports remained constant, exports to the EU rose 15 per cent year-on-year during the first six months.
The family-owned business plans to issue new shares as it prepares to float on the stock market.
The Dubai International Financial Centre had 899 active registered companies as of H1 2012.
With chandeliers that sparkle as much as the food, Vôi is a Vietnamese restaurant with an elegant French influence in the über glamorous Jumeirah Zabeel Saray.
The family conglomerate said that it was financially prepared to go public.
The agreement does not include a global revenue-sharing deal or equity injection from either side.
Monthly traffic surpassed five million passengers for the first time.
The Dubai-based airline also supports over 72,000 jobs in India through its operations, says study.
The state-owned property firm has rolled over the Islamic debt facility, owed to a syndicate of banks, several times.
The Argentinian legend and ex-Al Wasl coach has accepted a position with the Dubai Sports Council.
The Dubai-based port operator made a profit of $247 million in the first half of the year.
Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.
The Dubai World Tribunal formally approved the restructuring of shipbuilding unit Drydocks World.
Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.
Asteco partners with real estate auction website to provide new solution for UAE property owners.
Indians, Pakistanis, Brits, Russians and others have bought 12,875 properties in the first half of the year.
Dubai Holding has said that Gerald Lawless, executive chairman of the Jumeirah Group, will take on his new role from September.
The Dubai-based developer said that revenue from the sale of condominiums in the second quarter reached over $190 million.
Dubai trade licences saw a significant jump as UAE confidence steadily rebounds.
The Dubai-based airline will begin operating flights to Tripoli from October 29.
The mosque, spread over 40,000 square feet, will be located in Downtown Dubai.
Rising administrative and contract costs lead the construction company to post a loss during the second quarter of the year.
The UAE’s largest low-cost airline saw gains from under-served routes last quarter.
Where in Dubai should you rent or buy? What will it cost you? And is it even worth it? Read what Meghna Pant, features editor of Gulf Business has to say.
The goods seized included 5,300 television sets, 7,000 DVD players and various other devices including stereo sets, pressing irons and vacuum cleaners.
DFM’s net profit fell to Dhs10.2 million during the second quarter of the year, as revenues reduced.