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.
KSA’s oil minister said it is good news that U.S. crude output has jumped to the highest level in around 20 years.
New small-scale property targets travellers seeking privacy and personalised services.
The $3.4 billion bank financing was split between a $2.925 billion portion from commercial lenders and $475 million from Islamic banks.
HH Sheikh Khalifa will meet prime minister David Cameron on Wednesday.
The telecoms group made a net profit of 808 million riyals ($222 million) in the three months to March 31, up from 711 million in the year-earlier period.
The 30-year venture puts Shell in position to renew its role in the UAE’s largest onshore oil concession when that contract comes up for renewal next year.
The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.
The private equity firm is selling German insulation firm Armacell to Charterhouse Capital Partners.
Luxury hotel aims to raise Kuwait’s hospitality profile but its opening has been delayed following the downturn
The development is Dubai-based Damac’s biggest project by size and scale so far.
The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.
The IMF has said that Kuwait’s government needs to include the tax system in its fiscal reforms.
The first day of the third Annual Investment Meeting in Dubai began with a heavy focus on investment in Africa.
Q1 2013 outshines the Q1 2012 figures in hospitality sector
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
Saudi Oil Minister Ali al-Naimi is giving a major energy speech in the US on Tuesday.
The SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.22 per cent to 1,080.64 tonnes.