The 10 year loan facility will be used to develop the first phase of the residential compound
The Dubai-based construction firm will be building 253 luxury villas in Emaar’s Casa development in Dubai.
ADCB’s shares hit a 4-1/2 year high on Wednesday; the bank posted a five per cent increase in first-quarter net profit.
Sheikh Nawaf, 75, is the brother of the ruling emir and is next in line to lead the oil-producing Gulf Arab state.
Citi’s family office unit is part of the private bank business which manages over $250 billion in assets and serves over a third of the world’s billionaires.
A source has said Qatar Solar Technologies (QSTec) is willing to take a minority stake in the German solar company.
The deal is being channelled through Qatar Foundation Endowment.
The emirate is likely to have more than 160,000 hotel rooms by the end of the decade.
Can the quality of Dubai’s international outreach campuses ever match home schools – or are students being cheated?
Martin van Kan tells Alicia Buller about his rise from used plate collector to general manager of Dubai’s glitzy Fairmont Palm hotel.
The UAE lender has not opened a new branch in Dubai for almost 14 years and yet it reported a rise in net profit of 24 per cent for 2012.
The social networking site generated mobile advertising revenues of almost $375 million during the first quarter.
Japanese Oil Development Co. owns 12 per cent of the Abu Dhabi Marine Operating Company oil and gas concession which expires in 2018.
The 370-room hotel marks the company’s eighth signed property in Saudi Arabia and follows recent agreements for JW Marriott hotels in Doha and Casablanca
Abu Dhabi clean energy company Masdar has signed an MoU with UK’s GIB.
Akbar Al Baker slams US aircraft maker for delays but says the Dreamliner should never have been grounded in the first place.
The contractor reported a net profit of Dhs63 million ($17.15 million) for the quarter ended March 31, compared with a profit of Dhs37.6 million in 2012.
Sheikh Salman secured 33 of the 46 presidential votes available from AFC member associations in Malaysia.
The telco made a net profit of Dhs467.9 million ($127.38 million) in the three months to March 31, up from Dhs333.13 million in the year-earlier period.
Emirates airline is among customers clamoring for the cost-saving 777X as early as possible in this decade.
The Global Marketplace Abu Dhabi could become a competitor to Dubai, currently the Gulf’s premier financial centre.
Emaar’s Alabbar has suggested Dubai may build a tower taller than the Burj Khalifa.
A study by the director of Abu Dhabi’s INSEAD business school warns homogenous teams at work can be dangerous.
The Taj project, which will be constructed by the Link Global Group, will be one of the focal points in the huge FCW development.
The Dubai-based developer has already tied up with high-end brands such as Fendi, Paramount and Versace.
Dubai’s Emaar chairman says trade is part of human DNA but risks can be minimised.
All operational 787s were grounded in January but on Wednesday Qatar Airways flew one on a return flight from Dubai to Doha.
QIB last tapped the market with a $750 million five-year sukuk in October as part of its $1.5 billion sukuk programme.
Competition between the emirates encourages excellence, say officials.
The complex is to be a cornerstone of the huge Mohammed bin Rashid City, announced last year by Dubai’s ruler Sheikh Mohammed bin Rashid al-Maktoum.