Dubai International Capital, the private equity arm of Dubai Holding, has reached a final agreement with creditors for restructuring its debt.
The UAE and Qatar also ranked high for their IT technologies on the global index compiled by the World Economic Forum and INSEAD.
The new process, jointly introduced by the UAE and India, aims to improve transparency in the recruitment of workers.
The daily deals website has been facing increasing criticism from customers and investors across the world.
Only one creditor has not yet accepted the $2.2 billion debt restructuring plan proposed by the Dubai-based shipbuilding unit.
According to a new survey, 63 per cent of employees in the UAE expect a wage hike in the next 12 months.
The Abu Dhabi -based carrier recorded a 28 per cent year-on-year rise in revenues during the first quarter of this year.
Korea Electric Power Corp, which is already building four nuclear power plants in the UAE, will begin talks to construct four more in the country.
The move is expected to force all the creditors of the Dubai-based shipbuilding unit to agree to its $2.2 billion debt-restructuring plan.
The UAE-based healthcare provider listed its shares on the London Stock Exchange.
Update: The Kuwaiti developer’s shares have now resumed trading on Dubai Financial Market.
The emirate’s Department of Economic Development (DED) seized more than 24,000 counterfeit products last year.
The UAE has shut down the Dubai office of the National Democratic Institute, a US-funded pro-democracy group.
The acquisition includes the retail, commercial and corporate banking businesses of Lloyds in the country.
The UAE-founded international ports company has cut its debts.
The bank said that it repaid the five-year Sukuk from its own resources.
Dubai’s ship building unit will ask its syndicated lenders to sign a lock-up agreement.
Interestingly, visitors from Russia were the biggest spenders in the UAE during the Dubai Shopping Festival, according to Visa.
Dubai’s Jebel Ali Free Zone is planning to launch a syndicated loan to partly refinance its $2 billion Sukuk maturing in November.
As officials in Dubai complete the study for an expatriate pension scheme, experts say that the move will protect workers and improve the economy.
Britain is reportedly holding talks with Abu Dhabi to sell a part of its stake in Royal Bank of Scotland.
The move marks the first significant direct investment by the Abu Dhabi fund in Brazil and Latin America, it said.
The rental rates for apartments and villas rose by one per cent in Q1 2012 compared to Q4 2011, according to Asteco.
A study is being conducted to check the economic impact of the move, which will introduce a single tax rate across the seven emirates.
Emirates NBD said that its shareholders had approved a cash dividend of 20 fils per share for 2011.
The Mall of Egypt will be one of North Africa’s largest shopping centres.
The port operator has said that it will pay off its loan, which matures in October, six months ahead of schedule.
While the UAE capital has taken stringent measures to ensure compliance, Dubai and the other emirates are still lagging behind, say experts.
Dubai-based mall and hotel firm pulls in profits amid MENA Arab Spring turmoil.
The Dubai-based property developer saw overall revenues for 2011 falling by 33 per cent compared to 2010.