Dubai and Abu Dhabi feature among the top 10 global cities seeing a rise in luxury residential property prices, according to Knight Frank.
They accused Doha of not implementing an agreement among GCC countries not to interfere in each others’ internal affairs.
The conglomerate obtained money for the prepayment from asset sales.
Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.
New survey attributed the higher than average rates during the start of the year to the holiday season.
Ras Al Khaimah Ceramics has a market capitalisation of $781 million.
The 2014 Gulf Business Salary Survey reveals the best-paid jobs in the UAE.
Mubadala shifted some of its focus to emerging markets after the global financial crisis hit the United States and Europe.
Etisalat agreed to buy Paris-listed Vivendi’s 53 per cent holding in Maroc Telecom for 3.9 billion euros last November.
Etisalat made a net profit of Dhs1.45 billion ($394.77 million) in the three months to December 31.
Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.
The developer said it booked sales worth $2.5 billion in 2013 compared with $661 million in the prior year.
Over 11 million guests stayed in the emirate’s hotels and hotel apartments last year with occupancy rates reaching 80 per cent.
The deals include a $720 million package and agreements with Standard Chartered Bank and DBS Singapore.
Hub designed to promote guest interaction, showcase arts and offer day-and-night F&B
Land prices in areas such as Studio City rose 15 to 20 per cent.
The current regulations only allow small shipments, such as parcels sent by online retailers, to be cleared by customs.
The 91 per cent acceptance means Al-Futtaim will hold 533 million shares in CMC, which distributes Ford, Suzuki and Volkswagen vehicles among other brands in the region.
Revenue for the group, which operates three hospitals and 12 clinics in the UAE, rose 12.5 per cent year-on-year to $365 million in 2013.
The mall will be built in phases with the first phase measuring almost 300,000 square feet.
The airline benefited from a 30 per cent increase in partnership revenues, to $820 million, as its equity alliance stable rose to seven airlines.
Talks between the airlines intensified last month and sources close to the matter said Etihad might be interested in buying a stake of up to 40 per cent in the Italian carrier.
Etihad would have to be convinced that Alitalia could be moved to profitability, the Abu Dhabi airline’s CEO James Hogan told reporters.
The low-cost airline announced full-year 2013 net profit of Dhs222.8 million.
The enterprise solutions provider signed deals with STC and Etisalat at the Mobile World Congress.
Low-cost carrier about to step into the aviation breach following RAK Airways’ closure
Guests numbers at Abu Dhabi hotels reached 276, 970 during January with hotels earning Dhs522 million in revenues.
The Gulf carrier will initially operate the extra flights on two three-class Boeing 777-300ERs, leased from partner Jet Airways, and from May 1, Jet Airways will take over the service
The developer said that it will auction off residential plots ranging from 7,750 to 8,700 square feet on March 4.