Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.
The telecoms operator plans to use the funds for the future growth of its business.
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.
EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
The UAE is well capitalised but banking asset quality remains a concern.
UAE courts have stopped sentencing debt defaulters to prison since last month, say reports.
Exports rose 38.5 per cent to Dhs416 billion, driven by a rise in oil prices.
Government expenditure is up six per cent from 2012, while revenues are forecast to rise 7.8 per cent in 2013.
Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.
The Abu Dhabi airline is set to achieve a 22 per cent year-on-year increase in passenger numbers.
Foreigners buying real estate in the UAE can now only get a loan for up to 50 per cent of the property’s value, say sources.
The expansion dovetails with the opening of Concourse A, the world’s first purpose-built A380 concourse, at Dubai International Airport in January
The Emirates CAE Flight Training Centre services over 200 aviation clients and trains more than 10,000 pilots and technicians a year
As part of the deal, Emirates will become the official airline of the ATP World Tour and the new title sponsor of the ATP Rankings.
The emirate’s tourism authority is holding a five-city road show in India in January.
The new facility at Terminal 3 of Dubai’s International Airport is scheduled to receive its first flight in January 2013.
Provisions set aside for specific NPLs fell slightly to Dhs65.3 billion at the end of October from Dhs65.4 billion in September.
The Indian carrier recently launched the Boeing 787 Dreamliner aircraft between Dubai and New Delhi.
The loan amount will be used for general corporate purposes.
Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.
Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.
Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.
Survey shows ‘significant increase’ in investment from Europe.
Gulf Business brings you five last minute online deals available until Christmas.
Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.