The mall operator will use the $1.5 billion facility to replace revolving loans totalling $1 billion.
Hilton Capital Grand will aim to attract business and leisure travellers in the upcoming peak season
The index, which fell as much as 5.2 per cent is now down 2.6 per cent.
Based in Tecom, the new hotel is expected to open by 2016 and will have around 672 rooms.
The average built asset wealth per person across Qatar, Saudi Arabia and the UAE is $112,842, the study found.
UAE companies saw output growth accelerate to 56.6 points in August, the highest level since February.
Emirates’ resumption is a positive sign but logistical challenges remain
A leading practitioner says an increasing number of Emirati women are opting for the alternative medicine system.
Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.
Etisalat and du are suspending services of subscribers who have not registered their SIM cards on time.
Dubai International Financial Centre currently has 979 registered companies with a total workforce of 15,000.
Etihad’s Flying Nanny programme aims to assist families during long-haul flights.
The 48-storey residential tower is part of the group’s Central Park project in the DIFC.
The mechanics, engineering and plumbing contract was awarded by a joint venture led by Arabtec Holdings.
An Uzbek woman threatened to blow-up the Dubai Public Prosecution building on Sunday following a personal dispute.
Abu Dhabi’s residential property market could see new demand as the deadline for employee relocation ends today.
Chevron won the new contract to supply U.S. allied military jets refuelling in Dubai.
Peter England, previously a senior banker at Malaysia’s CIMB Group, will replace Graham Honeybill.
The Philippines-based casual dining chain will open two outlets in Abu Dhabi this year.
Etihad agreed to pay $379 million for a 24 per cent stake in Jet in April.
Tonnage figures were largely driven by increases in key export markets such as India, Hong Kong and China.
Dubai’s index lost 5.4 per cent last week over worries of a U.S. military strike in Syria.
In an excluisve interview with Gulf Business, Sanjay Verma talks about how India and the UAE can further their relationship for mutual benefit.
Data lost cannot be replaced or compensated through legal means, say experts.
Arabian Radio Network has secured the rights to transmit live online and radio coverage of all matches from the top English league.
The company has been selling assets globally and exiting markets where it does not have a significant presence.
The GCC region will face gas shortage by 2015 owing to a demand-supply imbalance, according to a new report.
Emirates plans to add as many as three new U.S. city destinations in the next 12 months.
The Ruby Fountain Pen is available for sale at the luxury brand’s posh boutique located in Abu Dhabi’s new Galleria mall.
Despite a surge in capital outflow, the rupee slide will not significantly damage the UAE economy.