The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.
The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.
A majority of UAE’s non-resident Indians save to support their children and parents, a new study showed.
The deal is expected to give Etihad greater access to the fourth largest travel market in Europe.
In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted.
The upgrade will allow the airport to handle wide body aircraft such as the A380 and the Boeing 787.
Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.
The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
The study also showed an increase in the time spent viewing content on smartphones and tablets.
The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.
The new service is scheduled to begin from August 1 2015, the airline said in a statement.
As the festive season nears, Gulf Business rounds up the top dining options this Christmas in Dubai.
The firm said that it would make a further announcement on its organisational structure at a later date.
Saudi Oil Minister Ali al-Naimi insisted that oil prices would improve, although it was unclear when.
The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.
The UAE ranks low in terms of companies’ maturity and approach towards data protection with just 34 per cent of firms considering data protection as relevant for their success.
Mid-market brand targets connection-oriented business travellers
OPEC’s decision last month to leave its output ceiling unchanged, was followed by a fresh plunge of oil prices.
The move will boost the GCC’s tourism industry, helping sectors such as aviation and hospitality.
Experts say that Dubai real estate would not be able to escape a temporary impact from cheaper oil but noted that the economy is well diversified to sustain the lull in oil prices.
Mazroui said the recent decision of OPEC to retain its production was correct, citing irresponsible supply from other producers for the recent fall in oil prices.
The Dhs600 million seafront project registered Dhs432 million in sales during the first phase of launch.
Ghaith Al Ghaith describes how flydubai became the Middle East’s largest short-haul airline in just five years.
John Sexton, the president of one the world’s top universities, explains why he decided to expand to Abu Dhabi.
UAE Oil Minister Suhail Bin Mohammed al-Mazroui said that all players must shoulder their responsibilities to reach market balance.
The phone, priced at Dhs1799, is modeled around BlackBerry’s popular Bold 9900.
The assent was granted at a meeting on Thursday, with the proposals receiving near-unanimous support from independent shareholders, DP World said.
Stock markets in Saudi Arabia and the UAE soared on Thursday as the price of oil rebounded.