ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
Non-oil trade grew to Dhs325.5 billion ($88.6 billion) in the first quarter from 280 billion in the same period last year.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.
The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.
The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.
Citymax COO says it would like to build up to five more Dubai hotels – if it wasn’t for the cost of land
During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.
The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
The oil and gas sector, along with banking and finance, will see wage hikes.
Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
More than three quarters of respondents believe that aims of short-term corporate profitability have led to business damaging decisions.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.
Bank of Muscat lost $40 million and UAE-based RAKBANK lost $5 million in the global heist.
The country is mainly eyeing investments in energy, logistics and infrastructure.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
Dubai airline posts net profit of $622 million; Emirates Group profits up 34% to $845 million.
Flights will be diverted from Dubai International Airport to the new Dubai World Central during the 80-day period in May.
DFM made a first quarter net profit of Dhs27.03 million.
Nine-seater cinema and private salon among striking features of Dhs85,000-a-night floor
The new decree lays down regulations for the licensing and classifying of hotel establishments in Dubai.
The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
The proposed deal is the last big debt restructuring related to Dubai’s 2008-2009 financial crisis.
IHG will open its first Staybridge Suites in Beirut in July and a contract should be signed in Dubai “pretty soon”.