Males constitute 75 per cent of Dubai’s current population, indicating a gender imbalance in the emirate, a new report says.
Rocket Internet group and Sweden’s Kinnevik are combining five international fashion e-commerce firms including Dafiti, Jabong, Lamoda, Namshi and Zalora.
The unit, TECOM Investments, is expected to use the proceeds for its growth plans, while some of the cash would also be diverted to its parent company.
The UAE’s foreign ministry called for cooperation and coordination against what it called the global scourge of terrorism, especially in Iraq and Syria.
Creditors of the company approved a plan to restructure debts worth around $2.7 billion last month.
The growing number of moviegoers in the UAE has driven the rise in cinema ad spending.
The TRA has issued a brief statement saying only Etisalat and du are licensed to provide VoIP services in the country.
Prior to joining ADIA, Brian Tipple held the position of chief investment officer at U.S.-based Key Private Bank.
The UAE was named the most competitive country in the Middle East and North Africa region while Qatar and Saudi Arabia fell in their rankings, a report from the World Economic Forum shows.
The HSBC UAE Purchasing Managers’ Index climbed to 58.4 points in August from 58.0 in July and the highest since the series began in August 2009.
Waha Capital will use the money from the deal to repay debt and fund new investments, the company said in a statement.
Emaar plans to float at least 15 per cent of its shopping malls and retailing unit on Dubai’s main stock market and will list the shares in October.
Etihad clinched a deal last month to buy 49 per cent of lossmaking Alitalia for 1.76 billion euros.
The Shuweihat S3 power plant has an installed electrical capacity of 1,600 megawatts, and will be operated by Shuweihat Asia O&M Company (SAOM).
The UAE needs to make more public information available online to improve its ranking on the UN e-government survey, an official said.
The Chronomat Airborne became the world’s first ever watch that was launched live on-board the jumbo jet.
The bank, which currently has one branch in the Kingdom, is looking to grow operations across the country.
Etihad Airways tops the list of UAE brands found have the most engagement with professionals on LinkedIn.
DIB plans to increase its stake in Bank Panin Syariah to 40 per cent from the current 25 per cent, its CEO said.
Following the transition, ADIB will serve over 700,000 customers across a network of 85 branches, 660 ATMs, internet and mobile platforms.
An investment in Qantas does is not in line with the airline’s strategy, Emirates’ COO Thierry Antinori said.
Jumeirah Park Pavilion is a 10,6000 square metre retail facility and will cater to residents of the Jumeirah Park, Jumeirah Islands and Jumeirah Village communities.
Emirates is the world’s largest operator of the A380 with 51 currently flying and has a further 89 of the planes on order.
A banking source aware of the talks said that Meraas was looking to ‘front-load’ its debt plans so that it raised as much cash before construction began on its projects.
Following a series of investor meetings, ENBD aims to complete a U.S. dollar-denominated bond offering of benchmark size, one of the sources said.
Shares in Emaar, the biggest listed developer in Dubai, surged 6.7 per cent on strong volume and dominated trading in the emirate.
The tower, located in Marina Square on Reem Island, comprises 202 units that are ready for handover.
Sharjah has appointed HSBC, Kuwait Finance House, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard Chartered to arrange the roadshows.
The move is part of a large-scale redevelopment plan which includes reforming the mall’s exterior and adding more retail brands.
Emaar, the emirate’s largest listed developer, which surged 8.8 per cent to Dhs11.15, its highest close since March 2008.