Second citizenship expert says he has seen a significant jump in interest from Russian millionaires in the last month.
Ten airlines are now operating out of the $17 billion facility and all others will switch by May 27
The firm made a net profit of 8.8 million rials ($22.86 million) in the three months to March 31, a statement said.
The April survey marks the first time since last September that the ratio of managers who are bearish on UAE equities exceeds the ratio of bullish ones.
The Russian Direct Investment Fund (RDIF) said it had signed a deal with Bahraini sovereign wealth fund to identify and work together on investment opportunities in their countries.
Bahrain’s official news agency did not name the five but said they had confessed to the plot.
The transaction was formally launched to price at 115 basis points over midswaps, a document from the lead banks said.
Around $27 billion will be injected into the Gulf economy through defence deals by 2020, new research says.
Dubai carrier targets premium business traffic to and from the EU capital
High demand for the offering has helped MAF reduce the prospective cost of its borrowing.
The project was designed by award-winning architects Rafael Vinolycovers and developed by state-owned investment company Mubadala.
Cyber security company Secunia found that 17.4 per cent of users had unpatched versions of WinXP, Win7, Win8 or Windows Vista.
NBAD, 70 per cent owned by the Abu Dhabi government, has been realigning its business under new chief executive Alex Thursby, who took charge last summer.
Ras Al Khaimah’s biggest property developer gained revenues of Dhs86 million for the first three months of the year.
The airline is increasing its services to Beirut and Amman from July.
The agreement includes codesharing, frequent flyer reciprocity, airport lounge access, air pass agreements and cargo cooperation between two airlines.
The project will include the upgrade and refurbishment of all 393 guest rooms
The 60,000 seat venue has taken 14 months to construct.
This year will see around 2,500 exhibitors and 66 national pavilions as industry players look to tap into the region’s lucrative travel and tourism sector.
The company’s first quarter growth was mainly driven by higher net sales and an overall improvement in margins.
Europe was the most popular location for second citizenship applicants, due to its proximity to the Middle East, as well as security and investment benefits.
The company’s net profit fell to 3.70 million rials ($9.61 million) in the first quarter of the year compared to 6.94 million rials in the same period of 2013.
The UAE concession system allows oil producers to acquire equity in hydrocarbon resources from the country, with ADNOC usually holding a 60 per cent stake in each joint venture.
Sheikh Saud bin Saqr al-Qasimi, a member of the ruling family of Ras Al Khaimah, has agreed to sell 250 million shares in the company, a bourse statement said.
The bank earned a net profit of 548 million riyals ($150.5 million) for the opening three months of 2014.
The document said the weightings of eight stocks would be reduced “as they may pose accessibility issues to international institutional investors”.
The company filed a compensation claim on Monday for what it said was damage to its media business inflicted by Cairo’s military-backed rulers.
NBAD’s chief executive said fierce competition combined with global interest rate pressure was starting to drive down the profitability of lending.
Company officials previously said there might be a dual listing on Nasdaq Dubai, the smaller of the emirate’s two exchanges, and London.
Average daily room rates in the capital decreased 14 per cent, reducing revenue intake for each room.