The state-owned utility posted a net profit of Dhs106 million dirhams ($28.9 million) for the first quarter, compared with Dhs534 million for the year-ago period.
An updated and frequently monitored rent calculator can allay fears of eviction and regulate rents in the market.
The emirate may issue another sovereign bond this year, says senior official.
Speaking at Arabian Travel Market, al Ghaith revealed the carrier will welcome five new aircraft before the year is out.
Last year Best Western opened its first hotels in Oman, Jordan and Saudi Arabia.
The new legislation will allow small and medium-sized firms to use machinery and other assets to back loans.
The UK continues to be the top source market to the UAE with British Visa cardholders spending $540.4 million in 2012.
The Dubai-based airline currently flies to over 120 destinations across six continents.
Local leaders have urged Emiratis to prioritise knowledge and personality development over fancy job titles.
Not content with a Ferrari FF or Lamborghini Aventador, Dubai Police now use a rare Aston Martin One-77.
The most important news and announcements from the opening day of the region’s biggest travel event.
Young Emiratis still prefer government jobs but those are becoming scarcer. That fact is encouraging them to take a fresh look at opportunities in the private sector.
The MoU between the two airlines makes provision for reciprocal ‘earn and burn’ with frequent flyer programs
Emirates president Tim Clark said the airlines were not influenced by Etihad’s partnership with Virgin Australia.
Gulf Arab banks have stepped up bond sales this year with over $5 billion of dollar-denominated bonds issued so far.
The bank recorded strong growth in net profit and net income compared to its first quarter in 2012
The repayment was part of a dual-tranche facility issued in April 2008.
Emirates and Qatar Airways are expected to be among the first and possibly biggest customers for Boeing’s latest aircraft.
The emirate’s new tourism strategy is aimed at achieving that vision, says senior official.
The Trump International Golf Club Dubai will be the first course by the organisation in the Middle East.
Exhibitors are queuing up to promote themselves at the 20th edition of the ATM next week, as the region’s travel and tourism operators embrace the upturn.
The deal would allow RMAL to develop venues under the chef’s name both regionally and internationally.
The Wyndham Dubai Marina is expected to open within the next three years and will house 497 guest rooms.
President and CEO says plans to double the number of hotel rooms in Dubai is ‘100 per cent achievable’.
The 10 year loan facility will be used to develop the first phase of the residential compound
The Dubai-based construction firm will be building 253 luxury villas in Emaar’s Casa development in Dubai.
ADCB’s shares hit a 4-1/2 year high on Wednesday; the bank posted a five per cent increase in first-quarter net profit.
The emirate is likely to have more than 160,000 hotel rooms by the end of the decade.
Can the quality of Dubai’s international outreach campuses ever match home schools – or are students being cheated?
Martin van Kan tells Alicia Buller about his rise from used plate collector to general manager of Dubai’s glitzy Fairmont Palm hotel.