The new structure for Dubai’s government is to be implemented in two years’ time and will be “the Government of the future”.
Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.
Additional three services a week from June 30 will be operated by B777-300ER aircraft.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Thousands of workers stayed away from work from Saturday to demand higher wages.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The emirate welcomed 25 new retailers last year, says new study by CBRE.
The International Monetary Fund’s regional report warns unemployment figures and diversifying economies are still an issue.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
Thousands of workers have been on strike since Saturday demanding higher pay.
Deal with Qatar National Bank S.A.Q. and Commercial Bank International covers part of a larger order for 44 A320s placed with Airbus in 2007
The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.
The UAE’s ministry of Labour issued a circular confirming the holiday to mark Isra Wal Miraj.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the UAE by 2012 total assets.
Opulent devices provide guests with quicker access to services and part of wider technology push
Two Arabtec employees said several thousand workers engaged on various projects did not report for duty on Sunday and stayed in their accommodation.
Good and stable oil prices over the last year were one of the most important factors, according to the National Bureau of Statistics.
The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad
Focus is currently on the US and Europe but it will come to the Middle East.
The park, spread across 34,000 square meters, is slated for completion in the first quarter of 2015.
The hotel is raising the syndicated loan to refinance existing debt and provide new funds.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.
Air services provider dnata already owned 50 per cent of Servair Airchef in Italy.
Emirates NBD plans to meet investors on roadshows in Asia, London and the UAE.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
Brisbane passengers will soon be able to travel on the popular double-decker and Auckland will be served by three daily Emirates A380s from early October
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?