In March, Arabtec said it would build one million homes in Egypt in a $40 billion project backed by the Egyptian and UAE governments.
Atlantis refinanced an $880 million loan to take advantage of favourable market conditions, ICD confirmed.
UAE government’s use of social media is revolutionising governance but experts say that challenges persist.
Gulf Business speaks to Neelesh Bhatnagar, director of Oasis Centre.
Globally, passenger numbers are expected to reach 7.3 billion by 2034, representing a 4.1 per cent average annual growth.
The BIE, which oversees World Expos, was provided an overview about the new Expo 2020 Bureau and the site’s positioning.
Resort blends leisure and business around an ‘understated’ luxury theme
The Saudi index sank to 9,407 points, its lowest level since mid-April.
Dubai’s airport retailer accounted for 5.19 per cent of global airport duty free business and almost three per cent of the wider duty free and global travel retail business.
Chang Zhou Almaden, which produces photovoltaic glass, will set up a 15,000 sqm manufacturing facility at the free zone.
The passenger arrived in Dubai on a plane from Liberia, the ministry said.
The new theme park, to be operated by Merlin, is coming up in Dubai Parks & Resorts.
The group will bring European brands such as Sonia by Sonia Rykiel, Berenice and Essential Antwerp to Dubai.
FGB, majority-owned by Abu Dhabi’s ruling family, signed an agreement with Integrated Financial Group.
Under the transaction, GEMS will be split into two entities, with the investing group buying a stake in the part of the business focussed on MENA and Asia.
The Note 4, priced at Dhs2,799, will be available from October 16, while the Note Edge will be launched later as a limited edition product.
The company is looking to invest in the GCC’s healthcare and education sector, with a focus on the UAE and Saudi markets.
In February, a Flydubai official said that the firm is looking to raise funds through a bond issue and was considering a sukuk option.
The new hotels and serviced residences will be launched over the next five years across Dubai, Abu Dhabi, Jeddah and Istanbul.
The offer period for the flotation, in which shares will be priced at Dhs1 each, will run until November 4, the company said in a statement.
Dubai’s index added 1.2 per cent in a broad rally while Abu Dhabi edged up 0.2 per cent.
Al Noor has made three acquisitions in the UAE this year, including a cancer centre, and hopes to add further buys in the coming year, vice-chairman Kassem Alom said.
Etihad has agreed to relinquish a role in the appointment of top executives at Darwin.
The project is expected to be completed by December 2016, the developer said in a statement.
The airlines, both battling to return to profitability, said the codeshare deal would cover 412 flights between Italy, Germany, Austria and Switzerland.
The IEA forecast that the Middle East’s net oil product exports will reach nearly one million barrels per day in 2015.
The five-year old horse died after sustaining a hind limb injury during a routine exercise.
The boost in third quarter revenues was mainly due to rising passenger demand and cargo growth during the summer, the airline said in a statement.
Called At the Top, Burj Khalifa SKY, the deck will be located at Level 148 and will include an outdoor terrace and a premium lounge.
Dubai’s bourse dropped 1.2 per cent as most stocks pulled back while heavyweights such as Emaar Properties and Arabtec Holding fell slightly.