Dubai World’s investment arm Istithmar bought the vessel from Cunard for $100 million back in 2007.
EICMP has said it will focus on the European B2B market, targeting the pharmaceutical, cosmetic, sport and nutritional fields.
Last month the Abu Dhabi carrier and JAT signed a preliminary agreement over a possible equity investment.
The Mena region’s approach to alternative energy infrastructure is fragmented and needs work to foster new technology.
Kuwait’s ruler Sheikh Sabah al-Ahmad al-Sabah congratulated Egypt’s interim president and people.
The Roads and Transport Authority plans to sign MoUs for the tram project within the next few months.
Saudi’s King Abdullah and the UAE government have sent congratulations to Adli Mansour, who had been appointed as interim head of state.
Events and established tourist attractions sustain robust performance in the hospitality sector for some Middle East cities.
Dubai’s ruler Sheikh Mohammed has approved a host of new projects to be undertaken by the Dubai Municipality.
Under an agreement with Indian bourse BSE derivatives exchange DGCX started trading futures for the S&P BSE SENSEX.
In a rare interview, the founder of the world’s largest private schools company takes on his critics, and reveals his ambition to save the world from bad education.
Eight men were sentenced in absentia to 15 years in prison, 56 were jailed for 10 years and five for seven years.
An appeals court has upheld the four-year sentence handed down to Grant Cameron, Karl Williams and Suneet Jeerh in April on drug charges.
The new project will be situated alongside the Trump golf course within the new Akoya development.
Solid infrastructure and investor friendly policies have helped the country move up in a global FDI rankings list.
The country plans to explore new gas fields and increase gas output.
With so much opportunity for both parties, will the UAE overcome its impasse with Ethiopia over air travel and illegal nannies?
Carrier identifies demand for August resumption, but Emirates provides stiff competition.
Yahclick,launched by Mubadala owned-Yahsat, promises to offer better connectivity and higher speeds.
Majid Al Futtaim plans to launch two new hotels and upgrade Mall of the Emirates and Deira City Centre and build a new cinema complex.
The Begonia-1 discovery well produced 9.4 million cubic feet per day of gas and 133 barrels of condensate during initial test drilling.
Sri Lanka returned a 40,000-tonnes diesel cargo shipment from ENOC on Thursday saying it was “not up to the required specifications”.
The merged entity, called Aldar Properties, has assets of over Dhs46 billion and a market capitalisation of around Dhs16.7 billion.
The new hotels will be located across the city, and aim to support Dubai’s goal of attracting 20 million visitors by 2020.
The airline plans to lease the Airbus A380 aircraft from a finance company that will issue $630 million of bond-type certificates to fund the purchase.
The personal finance application has 100,000 active users and plans to introduce a new planning and budgeting feature.
The opening also marked the U.S.-brand’s 34th year in the UAE as figures show it occupies 69 per cent of the local market share.
The extension of Terminal 2 by one million TEU increases total capacity to 15 million TEUs.
Australia was the fastest growing destination with 50 per cent growth following the launch of Qantas flights
The developer almost defaulted on its debts and agreed to a $16 billion restructuring in 2011.