The central bank introduced caps for loans made to local governments and their entities in April this year.
Dubai and Australia’s flagship airlines are waiting on the results of a competition watchdog’s ruling ahead of their planned alliance.
UAE’s foreign minister has said the Brotherhood does not believe in the nation state or the sovereignty of the state.
NBAD is looking to reap 10 per cent of its operating income from Islamic banking by 2020, up from three per cent currently.
Abu Dhabi’s flagship airline is looking at more minority stakes to further expand its global reach, says CEO.
The airport retailer saw sales increase 10 per cent year-on-year during the first nine months of 2012.
Passenger revenues were boosted by code sharing and partnerships.
His Highness Sheikh Mohammed bin Rashid Al Maktoum has given the green light on the $411 million Business Bay project.
UK-based Barclays quit the panel in July.
Property developers not complying with the laws and rules set by Dubai’s RERA should face strict penalty, says Khalid Al Malik, DPG’s group CEO.
Developers are upbeat about recovery in Dubai’s property market.
Gulf Business brings you all the news from Dubai’s main property event.
The property investment firm is eyeing offices in Oman and Qatar after the region accounts for 18 per cent of London’s purchases.
The investment bank’s shares are down 93 per cent from a 2008 peak.
Experts say that the off-plan market is much better regulated now compared to pre-financial crisis.
The company has no plans to launch an IPO, but may do so in the future.
Master communities such as Palm Jumeirah and Downtown make up 62 per cent of all transactions in Q3.
The company is hoping to finalise an investment before year-end.
Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.
Zabeel Investments owes about Dhs6 billion to mostly local banks.
Long queues, new projects and big stands signal a good start to Dubai’s main property event.
The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.
The professional networking site will open an office in Dubai to help grow its MENA database.
Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.
The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.
The date set for banks to reduce their exposure to the government has passed with no word from the Central Bank.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.