The mandatory practice is unfamiliar to many local businesses but must be complied with in order to tap the growing markets.
The UAE is ready to host an unforgettable World Expo 2020, says Sheikh Mohammed bin Rashid Al Maktoum.
Demand for high-profile aircraft has been on the rise and deemed a “natural fit” for the city’s luxury Hollywood lifestyle.
The company will use the amount to fund operations and refinance existing debt.
Fraudulent lift companies are risking lives in the UAE and costing the industry millions of dirhams, say industry insiders.
The 330 square metre facility will highlight operations and achievements of commercial air travel.
The two nations have been upgraded from frontier markets to emerging markets by index compiler MSCI.
The Gulf state’s bourse jumps to its highest level since September 2008.
The facility at Fujairah is expected to have an annual import capacity of nine million tons of LNG.
Qatar is also raised up from the frontier market while the classification body continues to monitor Egypt’s markets.
Sales are on target for 380,000 vehicles this year, up 23 per cent on 2012 and 40,000 more than in 2008.
Etihad Airways is avoiding legacy alliances to build its own one-on-one partnerships and is reaping the results, says Hogan.
The former player led Al Ahli to lift the Etisalat Cup and President’s Cup in his two-year reign.
The company, which operates brands such as Sharaf DG and Forever 21, is rapidly expanding across the region.
This is the first major sale of a foreign asset by Dubai World as it restructures its debt.
The new deal, which was arranged by a group of eight local and international banks, refinances an existing $2 billion facility.
Dubai Group and its lenders have been locked in a complex debt restructuring.
Regional banks have been well capitalised since the 2009 crisis and now driving the economic recovery.
The UAE and Qatar are hoping to receive an upgrade to emerging market status during a review of the MSCI indexes on Wednesday.
The Dhs1 billion tower, located in Dubai Marina, is developed by Saudi’s Cayan Group.
The UAE regulator issued a circular last month, directing banks to halt loan transfers for three months.
The move will increase the dominance of local banks over foreign banks in the panel that determines Eibor.
One of the projects, a residential development in Business Bay, will be worth about Dhs500 million.
Sharjah low-cost carrier to take on flydubai as it seeks to capitalise on Armenia’s growing popularity.
Healthcare businesses in the Gulf region are expected to boom in coming years as rising wealth couples with an increase in so-called lifestyle diseases.
The reform allows a shareholder who does not want to or cannot subscribe to a share issue to sell the rights.
The author behind best-selling books The Tipping Point and Outliers speaks exclusively to Gulf Business.
The British Council has released a new English language assessment tool called Aptis to assist multinational firms in the UAE.
The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Drake and Scull and Consolidated Contractors Co.
The new project, named Dubai Creek Harbor, will include a business district, shopping, sporting and entertainment facilities.