Dubai’s index dropped 2.4 per cent with most stocks down.
The airport was closed for a little more than an hour from 2.30am local time on Saturday, Etihad said.
Spending this year is projected at about Dhs41 billion ($11.2 billion), up from Dhs37.88 billion in the original budget for 2014, according to state news agency WAM.
Under the new structure, the company will focus on carrying out professional project management, ensure timely delivery of all projects and improve its customer service.
Jain was previously executive director of finance and group chief financial officer at Emaar, according to the company’s website.
Dubai’s stock index edged up 0.5 per cent in relatively thin trade while Abu Dhabi’s bourse was up 1.6 per cent.
As the countdown to 2015 begins, Gulf Business rounds up a list of new year’s eve parties that are creating a buzz.
The DFM General Index tumbled 5.4 per cent, the steepest retreat since December 16.
Passenger traffic related to Russia and other countries in the Commonwealth of Independent States plunged 18.2 per cent from a year earlier in November, Dubai Airports said.
The fuel retailer has slashed the price of diesel by an additional 20 fils to Dhs3.10 per litre as of December 30.
The 2015 budget is around 23.44 per cent larger than the previous year, a senior official said in a statement.
The firm sold off its 100 per cent stake in the hotel to a UAE-based investment firm for $95 million.
After a two-hour closure, all diverted flights have proceeded to Abu Dhabi and delayed outbound flights have begun departing, a statement said.
Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.
The announcement follows a previous declaration of January 1 being a paid holiday for all employees in the Emirates.
Etihad Airways diverted 15 inbound flights to five other airports in the region including Dubai World Central and Muscat.
The sell off is part of the company’s efforts to focus on its core business strategy of tile-making, a statement said.
Dubai Investments is seeking to profit from a market recovery in the emirate after one of the world’s worst property crashes during the financial crisis in 2008.
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.
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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.