Industry
The new decree lays down regulations for the licensing and classifying of hotel establishments in Dubai.
The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
The proposed deal is the last big debt restructuring related to Dubai’s 2008-2009 financial crisis.
The resort will be operated by Anantara Hotels & Resorts, which is opening a resort on Palm Jumeirah in Dubai in September.
Manchester United’s manager has finally announced his retirement. But how has he been so successful?
The company, the Gulf’s largest dairy firm, has previously sold two Islamic bonds in local currency, open only to Saudi institutional investors.
IHG will open its first Staybridge Suites in Beirut in July and a contract should be signed in Dubai “pretty soon”.
The state-owned utility posted a net profit of Dhs106 million dirhams ($28.9 million) for the first quarter, compared with Dhs534 million for the year-ago period.
The U.S. Labour Department issued a report in December, some 20 months after the general strike, that faulted the Bahrain government for the actions it took.
Abdulaziz Al Helaissi is rumoured to become the new deputy central bank governor.
Currently, foreign investors can only buy shares in the largest Arab market through swap deals involving international investment banks.
An updated and frequently monitored rent calculator can allay fears of eviction and regulate rents in the market.
Saudi Aramco’s Omar Abdulhamid was appointed as the head of research, the second most senior post at OPEC.
Both Al Suwaidi Power Co and Al Batinah Power Co aim to each offer a 35 per cent stake to the public.
Last year, an international arbitrator told Kuwait’s Petrochemical Industries to pay up for pulling out of a K-Dow joint venture in 2008.
Industry leaders from flydubai, Lufthansa and Boeing discuss the future of low-cost travel at Arabian Travel Market.
The emirate may issue another sovereign bond this year, says senior official.
The Southeast Asian nation hopes to see a five per cent annual growth in Middle East travellers.
Speaking at Arabian Travel Market, al Ghaith revealed the carrier will welcome five new aircraft before the year is out.
Last year Best Western opened its first hotels in Oman, Jordan and Saudi Arabia.
DAMAC to continue focus on key markets UAE, Saudi Arabia and Qatar.
The first property under the new brand is due to open on The Pearl, Qatar in September.
The new legislation will allow small and medium-sized firms to use machinery and other assets to back loans.
The Saudi billionaire’s investment vehicle plans to sell its stake in 20-30 hotels in the next two years.
The UK continues to be the top source market to the UAE with British Visa cardholders spending $540.4 million in 2012.
The airline announced route expansion on three continents together with a huge increase in capacity in Pakistan.
The Dubai-based airline currently flies to over 120 destinations across six continents.
Local leaders have urged Emiratis to prioritise knowledge and personality development over fancy job titles.
Not content with a Ferrari FF or Lamborghini Aventador, Dubai Police now use a rare Aston Martin One-77.
The most important news and announcements from the opening day of the region’s biggest travel event.