The 588-room hotel, located in the Dubai World Trade Centre District, is scheduled to open in Q1 2016.
Dubai builder Arabtec’s share price plunged as much as 50 per cent in the last six weeks.
Saudi Arabia, Kuwait, Oman and Jordan were the other attractive retail markets in the Middle East, according to a new report.
The low-cost carrier will now operate 21 weekly flights between the UAE and Muscat.
A new study shows that the emirate rose to the third position this year, up from the eighth position in 2013 in the list of most popular destinations for China’s rich travellers
The fasting hours this year are expected to last for around 15 hours, according to the Sharjah Planetarium.
The bill, which covers all equestrian disciplines from racing to polo, outlines financial penalties from Dhs20,000 to Dhs500,000 ($5,400-$136,100) for various doping offences.
The GCC luxury goods market has continued to grow fast, at a rate of five to eight per cent.
RAKBANK, rated BBB-plus by Fitch, attracted books of over $1.5 billion for its offer.
The 750kg reptile, brought in from Australia, becomes latest attraction in Dubai Mall, as Emaar seeks to boost visitor footfall.
The agreement will facilitate joint investments by both organisations in clean energy projects and green technology investment funds.
Microsoft’s latest gaming console will also be available with Kinect for Dhs2,199.
Bids for phase one are due by August 14.
The threat has been issued by Anonymous, a politically motivated group of hacktivists, according to Symantec.
Experts, including the IMF, have called for more regulations to govern transactions in Dubai’s off-plan property market.
The lender expects to price a deal this week, a document from lead managers said.
Shares in Arabtec, one of the most heavily traded stocks in Dubai, have plunged 48 per cent from their May peak.
DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.
The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.
The investment firm will acquire 250 million shares from the ruling family of Ras Al Khaimah.
In a brief statement on Sunday, Dubai Financial Market said the stake had now risen slightly to 18.94 per cent.
The move reflects a rebound in investor confidence in the JLT development, says chairman.
The country recently revised a standard form contract, which regulates the relationship between domestic workers and their employers.
Dubai house prices posted the fastest year-on-year rise of any of the world’s major markets in January-March, soaring 27.7 per cent.
Abu Dhabi-based Etihad is prepared to invest up to $1.70 billion over the next four years.
Weilers reveals why the South African hotel operator opened its first Middle Eastern property in Abu Dhabi.
Job opportunities in the hospitality sector have increased due to the growing number of hotel projects in the region.
Al Hilal will meet investors in the Middle East, Hong Kong, Singapore, London and Switzerland between June 15- 23.