Sheikh Maktoum led the financial services firm for the last three years and helped turn it profitable again.
A total of $18 billion was remitted abroad from the UAE in 2013, mostly through the estimated 120 exchange firms.
Gulf Business takes a tour of Sony’s submerged Xperia Aquatech store in Dubai, diving four metres underwater to see the ‘waterproof’ phones.
The city should provide innovative public transport options to residents and tourists, say experts.
The group is opening three new hotels in the Iraqi city of Erbil and a new hotel in Saudi Arabia, its chief executive said.
The government has enough headroom to fund its developmental projects through a healthy debt-equity mix, director-general of Dubai’s department of finance said.
Paul Ryan says he is satisfied with the way the case was handled and is grateful for all the support offered.
Within a couple of years, UAE companies plan to grow and sell several hundred thousand tonnes of wheat to the Cairo government.
Will the Dubai Tram persuade more residents to switch to public transport and have a wider impact on the economy?
Credit reform is well underway in the UAE with the Al Etihad Credit Bureau becoming fully operational.
The suspect has been identified as a 38-year-old Emirati woman.
Luxury lifestyle brand ends 10-year search and teams up with Meraas Holding
The HSBC UAE Purchasing Managers’ Index fell to 58.3 points in November from 61.2 in October.
Waha said it would use the $532 million of funding provided by the December deal for new investments.
An American woman was fatally stabbed in the toilet of an Abu Dhabi mall on Monday.
Saudi Arabia’s index rose 0.7 per cent while other Gulf markets declined.
The firm has chosen Citigroup, Emirates NBD and Societe Generale to arrange the loan, sources said.
The hotel will reportedly be owned by Al Habtoor Group but operated by Hilton Group, according to its current owner Steve Horve.
The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.
The Hartland International School, the first educational venture by Sobha, is slated to open in September 2015.
The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.
The country ranked 25 globally among the least corrupt countries on the 2014 index compiled by Transparency International.
New route marks first connection between UAE and German city
Police are investigating the case and are on the lookout for the suspect.
The new entity will combine 11 companies from Mubadala, Tawazun Holding and Emirates Advanced Investment Group.
In the first 10 months of this year, traffic climbed 6.1 per cent to 58.41 million.
The agency, established in July 2014, is working on the UAE’s mission to Mars.
The airline will continue to sponsor the club’s shirts until the 2019/2020 season.
The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.