Air Arabia is the top trader on the UAE bourse after jumping 8.3 per cent to reach its highest levels since October 2008.
Work is underway on 700,000sqm facility which will be supported by dedicated road feeder services to Dubai International.
The offer came just days after ADGAS, partly owned by ADNOC, offered 25,000 tonnes of naphtha for loading from Das Island.
Partnership with Universal Enterprises Maldives will see more Per AQUUM hotels across Middle East, Asia, Indian Ocean and Africa.
Etihad in April agreed to buy a 24 per cent stake in Jet for $379 million and it is also making a $150 million equity investment in Jet’s frequent flyer programme.
The UAE’s financial sector is poised for expansion in the second half of 2013 but hiring depends largely on winning new projects.
Alaeddine Mokri, a student at the Masdar Institute of Science and Technology, has invented the ‘UltraSmart’ – a smartphone tool for engineers and scientists.
High prices on Europe-destined sour crude coupled with weak demand for sour crude in Asia has opened a price gap over the last month.
New codeshare strengthens partnership with Korean Air beyond the interline and special prorate agreements inked four years ago.
The Dubai American Scientific School had been rated as ‘unacceptable’ by the KHDA since the 2008-2009 educational year.
The new development will consist of commercial and residential towers as well as the Sheraton Dubai Tower Hotel.
The sharp increase in first-half trading stems from a rise in currency volumes.
In April last year, the central bank set limits for how much commercial banks could lend to state-linked borrowers, in an effort to reduce risks.
Dubai’s aviation sector is expected to account for 32 per cent of GDP by 2020, while the sector employs over five per cent of the workforce.
The UAE’s financial ties to Turkey have expanded in recent years as banks look to diversify out of the region’s oil-focused economy.
The 517-seat A380 will be the first permanent superjumbo service to fly into Barcelona and replaces the Boeing B777-300ER.
Luxury brand’s second hotel in the city combines business and leisure.
The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.
DeVere Group CEO believes that the acquisition of Acuma, a UAE-based wealth management firm, will help further their presence in the Gulf market.
The Dubai lender’s retail arm made a net profit of Dhs240 million last year.
The 700sqm facility accommodates up to 80 people and features boardrooms, conference and meeting rooms and internet stations.
ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.
Tea Ros, managing director at Strategic Hotel Consulting, examines the challenges developers face in underwater construction.
A look at popular destinations for UAE residents this summer, according to Emirates Holidays.
About half the respondents surveyed were legally single.
The study will please health specialists who champion regular exercise to counteract the country’s high levels of obesity and diabetes.
New simulators to be housed in academy extension and fill training gap for long-range aircraft.
The airline will be effectively offering shuttle services throughout the day to Bangkok this winter.
The purchase price was equivalent to a 5.6 per cent discount to Tuesday’s closing share price of Dhs5.15.
The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.