Marriott’s latest Dubai property has short-stay executives and long-stay contract workers firmly in its sights
The breakdown raises the prospect of more political instability in the country.
The UAE restaurant chain has signed five area franchise agreements with different partners across North America.
The 300-bed hospital university project is expected to offer 4,000 new jobs and will target the residents of Dubai Silicon Oasis.
The bank’s net profit for the quarter was boosted by a 22 per cent jump in total operating income to 671.1 million riyals.
A current deal with ExxonMobil, Royal Dutch Shell, Total and BP expires on January 11.
Moody’s assigned an A3 government bond rating to the Sharjah government on Wednesday, while Standard & Poor’s rated it A.
Sultan, who was previously the chairman and managing director, will take up the position of deputy chairman.
Saudi Arabia’s third-largest lender by assets saw Q4 profit grow as income rose and expenses declined.
The Muscat governorate recorded the highest average household income of $3,789 per month.
Roberto Colaninno said in October he would step down after a 300-million-euro capital increase, completed at the end of December.
FIFA backtracks on comments made by secretary general Jerome Valcke that the 2022 World Cup in Qatar would not be played in the summer.
Construction, banking, travel and hospitality are sectors that will witness a rise in hiring activity.
The Saudi firm might instead focus on tying up term contracts on a free-on-board basis with sellers like India’s Reliance Industries.
Zurich is the Dubai carrier’s 25th A380 destination.
Hussein Hachem, CEO of Aramex, says Africa-Middle East trade corridors have expanded alongside the growth of Africa’s economy.
Iraq holds significant potential for Dubai businesses, says Hamad Buamim, president and CEO of Dubai Chamber of Commerce and Industry.
The rating is supported by the government’s limited fiscal risks and low government debt.
The Dubai index is developing a negative 14-week momentum divergence.
The GCC’s healthcare industry has been seeing a rise in the number of private sector players.
The telecom operator plans to focus on ICT and enterprise solutions in the future, says CEO Scott Gegenheimer.
Private sector can provide Emiratis more exposure and experience in their careers, says a top government official.
The bank will continue to offer shari’a compliant products, but hopes to widen its appeal to customers.
The bureau hopes to complete agreements with banks to provide credit information and create an electronic database by the end of January.
Newly hired finance professionals are expected to see the largest salary hike at five per cent.
V.Shankar also questioned the changes resulting from the U.S.’s emergence as a shale gas producer.
Investcorp recently bought a 25 per cent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co.
Anas al-Saleh, a former minister for commerce and industry, was selected to head the Finance Ministry, replacing Sheikh Salem Abdulaziz al-Sabah.
The confirmed $8.8 billion order, placed at the Dubai Airshow, provides the foundations for the low-cost carrier’s next growth phase.
The move is designed to make it more attractive for young Saudis to seek jobs in private companies.