Markus Thesslef also reveals plans to launch a new Spanish restaurant and additional openings for Okku and Sophie’s.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.
The UAE lender seems to be ignoring impending regulations by the Central Bank to cap mortgages at 80 and 75 per cent.
As the latest network sharing agreement flops, is now the time to end the UAE telco duopoly?
Markus Thesleff, owner of new restaurant Claw, is concerned the saturated industry is going to leave a lot of people with headaches.
Authorities have signed an air transport agreement to allow more flights on the UAE-China route as demand rises.
Minor Hotel Group has tied up with Dubai-based Rani Investment to expand in Africa.
The proceeds will be used by the lender for general business purposes.
Ali Asghar’s departure effectively means Lazard has no senior bankers in Dubai.
Around 70 per cent of Indians in the UAE send money home. The war for their wages is hotting up.
The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.
Deployment of android tablets will help in building smart hospitals in Dubai, said a top DHA official.
The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.
Arabtec underwent a major management shake up in February, replacing its founder and chief executive.
The utility has issued a request for tenders for the 1200 MW plant.
Dubai International Airport will close runways for 80 days beginning from May 1, 2014 for a maintenance project.
The Rolls-Royce Phantom Coupe ‘Ruby Limited Edition’ will go on sale exclusively at Abu Dhabi Motors
Increased patient flows and higher occupancy levels at helped boost business.
A survey finds it takes more money to be considered wealthy in the UAE than it does in the United States or the UK.
Dominic Ellis is the first journalist to experience the new class of Dubai’s low-cost carrier, testing everything from the cabin to duty free.
Nokia remains top mobile manufacturer in the UAE, beating Samsung and Apple.
New high-end residential properties in Abu Dhabi see rising demand despite an over supply of residential units.
The special edition smartphone, priced at Dhs3,799, will be available in white with a gold-coloured stainless steel frame.
Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.
As consumer lending perks up in the UAE, unsolicited calls from various banks pushing credit have reached pre-crisis levels.
The Bayt.com index survey found that 30 per cent of MENA companies are hiring in the next three months.
Tumbling bonuses in the west and improved employment prospects in the UAE are attracting British expats to the country.
UAE-based Crescent Petroleum is one of the companies to bid for the onshore and offshore blocks.
Emirates NBD, a majority stake-holder in UP, sold down its stake from around 48 per cent to around 31.4 per cent in the first half of this year.