OPEC’s September output was the lowest since October 2011, when the group pumped 29.81 million bpd.
India will account for 14 per cent and 18.5 per cent of exports from the UAE and Saudi Arabia respectively by 2030.
Etihad codeshare partner Alitalia is set to receive €300 million from shareholders and €200 million from bank credits
The event, which takes place once in three years, attracts over 5,000 industry leaders.
The two financial hubs held a combined $181 billion in sharia-compliant banking assets as of 2011
The UAE has purchased 30,000 tonnes of milling wheat from India.
It’s been a landmark year for the UAE as the economy rebounds, but debt worries and nationalisation concerns still loom.
Recent incidents have proven that companies damage their reputations if they stumble on social media platforms.
Prominent UAE commentator Sultan Sooud al-Qassemi suggested in an op-ed that citizenship could be opened to long-time foreign residents.
DPG announced the new villas following the sell-out of all the initial units in its Dubailand-based residential project.
About $40 billion worth of property projects were announced in the first half of 2013, and a further $11 billion in the two weeks before Cityscape.
The Abu Dhabi-based airline now holds more than 515 million shares in its equity partner airline
Dubai’s hospitality sector has been recording a strong growth rate.
With a deluge of new projects, it remains to be seen if the government’s measures will make Dubai’s property market sustainable.
The developer also plans to construct an amphitheatre on The Walk alongside the hotel.
Some experts predict a further hike in sales prices, though other insiders say that rates have stabilised.
Abu Dhabi conglomerate Al Jaber Group set up a five-bank creditor committee in 2011 to negotiate a $4.5 billion restructuring
The proposed financing comes ahead of a $1.25 billion bond maturity in May 2014
Abu Dhabi carrier makes unusual move in order to meet Los Angeles launch next summer
Etihad expanding east and north as Jakarta flights set to double at the end of October and Latvian trade links to be bolstered by airBaltic’s new flights from December
Luxury property developer dismisses fears of another market crash.
Sobha, in a joint venture with Dubai’s Meydan, is currently developing the Dhs25 billion Mohammed Bin Rashid City – District One project.
Bank of London and The Middle East, Britain’s largest stand-alone Islamic bank, was listed on Nasdaq Dubai
The bank arranged 20 debt issuances worth around $16.3 billion in 2012
DIFC Properties is looking for investors to develop about 10 million sq ft of property through joint ventures
Emaar boss says the market is better regulated and current growth is sustainable.
Driven by growth in Dubai’s property market, Middle East investors are looking to invest in real estate both globally and regionally.
Palm Deira is likely to be renamed, one of the sources said.
A mixed-use development in Deira, a Boardwalk and a new beach at Palm Jumeirah will add to Nakheel’s portfolio.
The mega-development will be spread over an area of six million square metres.