The contractor denied media speculation about increasing its stake in Depa.
Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum launched the project.
From drumming to wild partying, Gulf Business brings you an array of events to choose from this NYE.
The contractor will perform MEP works for four towers in Mumbai’s New Cuffe Parade project.
The DFM General Index fell as investors sought to take advantage of a four-day rally to pocket gains.
Around 2.5 million guests stayed in Abu Dhabi’s hotels in the first nine months of this year, up 17 per cent from last year.
The group has said that its hotels division board has been carefully planned with a mix of expertise to cope with growing business demands.
The new service will be launched on March 30, 2014 and is expected to increase capacity by 36 per cent.
Ziad El Chaar, MD of Dubai-based property developer Damac, explains how the company has built itself back up in 2013, following structural damage in the real estate crash.
Start-ups are significant contributors to GDP and the job market but more need to be done to support them.
Offices with multiple ownership structures have higher than average vacancy rates.
The developer reported the land sales in its Al Furjan and Jumeirah Village Triangle projects.
Etisalat has been investing in various mobile packages to tap into the country’s lucrative SME customer base.
But experts assure that the new law will not wipe out smaller insurance firms from the market.
Dubai’s record-breaking attempt will feature 400,000 fireworks and will extend over 100 kilometres across Palm Jumeirah’s shoreline.
The sportscar comes with a 2020 number plate in recognition of Dubai’s Expo 2020 win.
The TRA has cautioned the operators to avoid using misleading marketing campaigns ahead of the launch of the mobile number portability service.
Recovery of UAE’s key real estate markets remains uneven with robust growth in sales and rental prices in Dubai and slower improvements in Abu Dhabi, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
The lender said that the decision was taken to address the huge demand from large foreign institutional investors.
The company received $53 million in dues from the Egyptian government.
Public and private sector workers get one day off on Wednesday, January 1, 2014.
The airport’s November passenger traffic was up 9.8 per cent compared to the same period in 2012.
UAE professionals incurred a yearly revenue loss of 26 per cent due to lack of face-to-face meetings.
The Dubai developer gained three per cent to reach Dhs7.57 at the close of trading, its highest since September 2008.
The UK has been aggressively targeting the wealthy Gulf tourists through various marketing campaigns this year.
The Hazza bin Zayed stadium, which can accommodate 25,000 spectators, is expected to boost the emirate’s sports industry.
Including the latest payment, Dana Gas has received a total of $130 million from the Egyptian authorities this year, it said.
Coal & Oil will use the amount to complete its 1200mw thermal power plant under construction in Tamilnadu, India.
Shezanne Cassim, 29, has been detained since April after publishing the 20-minute “mockumentary” film.
The ruling aims to encourage owners to renew existing leases rather than bring in new tenants at much higher rates, says expert.