The Abu Dhabi carrier suspended flights on Thursday after an assessment of the ‘exiting situation’ at Tripoli airport.
The UAE lender plans to set up eight banking hubs in major cities and five franchises in key markets.
The American bank is targeting clients looking for advice on complex transactions that require global expertise
Over six months have passed since Dubai’s Emirates signed a codeshare agreement with struggling Australian carrier Qantas. Gulf Business explores the impact of the deal.
Dubai’s housing market is rebounding strongly, with prices up over 20 per cent in the last 12 months.
UAE expats have one of the lowest levels of disposable income in the world despite higher salaries.
UAE bank predicts a boom in the retail sector next year through smart banking initiatives.
Dubai’s property investors have been seeing a net yield of six per cent in just Q3 2013.
Marius Haas, president of Enterprise Solutions at Dell, spoke exclusively to Gulf Business at Gitex Technology Week 2013.
The UAE’s current foreign ownership limit of 49 per cent is satisfactory and there is an expectation that it will be relaxed in coming years.
Osman Sultan voiced frustration at the impasse more than four years after talks between the companies began.
The fund has a stake worth about $1 billion in Bank of America, while its Samsung stake is worth between $200-$300 million.
Luxury operator will seek to capitalise on the brand’s popularity among Dubai-bound Russian travelers.
The lender reported profit of Dhs1.3 billion for the first three quarters compared to Dhs970 million in the same period last year.
Munich Airport’s president and CEO flew into the UAE to see how it can attract more passengers.
The government’s latest regulation highlights the importance of responsible financing and purges the overactive mortgage providers.
Net profit for the first nine months of this year fell to Dhs1.44 billion from Dhs1.47 billion in the prior-year period.
A centralised approach to supervising Islamic finance is increasingly being adopted around the globe.
Analysts polled by Reuters had expected only a 12 per cent drop in Ooredoo’s third-quarter profit.
Du made a net profit of Dhs474.3 million in the three months to September 30, up from Dhs326.9 million in the year-earlier period.
Dubai’s house prices have risen over 20 per cent in the last 12 months.
The state-funded rail network would link the desert town of Buraimi, bordering the United Arab Emirates, to six major settlements in Oman.
Dubai Airport CEO believes DXB will soon become the world’s largest airport for international travel.
Luxury hotel chain has said the loan will help fuel further local and international expansion.
Delegates can expect plenty of space, inside and out, when they visit the dedicated Dubai World Central site in November.
Dubai Holding was hit hard by Dubai’s property market crash and corporate debt troubles of 2008-2010.
BBM community grows to more than 80 million active users across BlackBerry, Android and iPhone devices globally.
The limits on foreign ownership of individual stocks have become obstacles to growth as the Gulf’s capital markets gradually become more international.
Julphar has invested heavily to feed the growing needs of the GCC’s healthcare market and ensure sustainable supply of medicines to the region.
The new facility will be equipped with the latest technology capable of sorting 3,000 packages per hour.