It’s been a landmark year for the UAE as the economy rebounds, but debt worries and nationalisation concerns still loom.
DPG announced the new villas following the sell-out of all the initial units in its Dubailand-based residential project.
The deal was reportedly worth about 1.8 billion euros ($2.4 billion), according to sources.
The two titans of the aviation world are battling for the swiftly shrinking jumbo aircraft space.
Ali Zeidan was ‘kidnapped’ and held by militia for several hours on Thursday in Tripoli.
Park Inn by Radisson Riyadh will be followed by a Radisson Blu Hotel & Residence in Jeddah
Hilton spots potential for mid-market brand in the Eastern Province
The region’s sole IPO in the third quarter of the year raised $138 million, lower than the $252.3 million raised in Q3 2012.
The Abu Dhabi-based airline now holds more than 515 million shares in its equity partner airline
Dubai’s hospitality sector has been recording a strong growth rate.
Zeidan, who was staying at a hotel in Tripoli, was forcibly taken by gunmen from a former rebel faction.
Exclusive: Boeing’s relationship with the airline is “very strong” despite all the Dreamliner issues, says Marty Bentrott, VP sales at Boeing.
A group of women’s rights activists have called for a new campaign on Oct. 26 to push for an end to the ban.
Saudi authorities had drafted a bill earlier this year that sets 16 years as the minimum age of marriage for girls
A crackdown on illegal expatriates will resume on November 4 after a seven-month grace period
With a deluge of new projects, it remains to be seen if the government’s measures will make Dubai’s property market sustainable.
The developer also plans to construct an amphitheatre on The Walk alongside the hotel.
Some experts predict a further hike in sales prices, though other insiders say that rates have stabilised.
Abu Dhabi conglomerate Al Jaber Group set up a five-bank creditor committee in 2011 to negotiate a $4.5 billion restructuring
The proposed financing comes ahead of a $1.25 billion bond maturity in May 2014
Abu Dhabi carrier makes unusual move in order to meet Los Angeles launch next summer
Etihad expanding east and north as Jakarta flights set to double at the end of October and Latvian trade links to be bolstered by airBaltic’s new flights from December
Luxury property developer dismisses fears of another market crash.
Sobha, in a joint venture with Dubai’s Meydan, is currently developing the Dhs25 billion Mohammed Bin Rashid City – District One project.
QNB posted a net profit of QAR2.4 billion for the three months to September 30
Bank of London and The Middle East, Britain’s largest stand-alone Islamic bank, was listed on Nasdaq Dubai
The bank arranged 20 debt issuances worth around $16.3 billion in 2012
DIFC Properties is looking for investors to develop about 10 million sq ft of property through joint ventures
Emaar boss says the market is better regulated and current growth is sustainable.
Driven by growth in Dubai’s property market, Middle East investors are looking to invest in real estate both globally and regionally.