The ambitious project currently faces technical and financial obstacles.
The changes are in preparation for the UAE firm’s proposed IPO in 2013.
The publisher of the glossy will open the café in Dubai Mall later this year.
See which high-profile names from the worlds of finance, technology, retail, tourism, aviation and more attended the Gulf Business Industry Awards 2012.
The draft budget, outlined in March, anticipates a spending increase of about 13 per cent.
Gulf Finance House will lead the purchase of the football club’s parent company, though no dates or terms are announced.
NBF will take the international bank’s seat on the UAE rate panel following Barclays’ Libor scandal.
Increased trade opportunities and direct air links are driving business between the regions.
A whistle-stop tour of Singapore, UAE and London as Deutsche Bank, HSBC and QInvest LLC are mandated for the Islamic bond.
The London-based investment fund has backed online fashion site Namshi just one year after it launched.
Winners of the Lifetime Achievement Award, Innovator of the Year, Entrepreneur of the Year, Businesswoman of the Year, Special CSR Award and the overall Business Leader of the Year.
Gulf International Bank’s bond programme is 97.2 per cent owned by the Saudi government, giving a safer level of risk.
The winning companies of the year from banking, real estate, aviation, retail, media, energy, tourism, education and technology.
The winners from the Gulf Business Industry Awards 2012, a glittering showcase of the UAE’s finest business leaders, as voted by independent judges.
FGB has hired five banks for a new benchmark bond, according to sources.
The Eurozone debt crisis poses the biggest threat to the global economy, says IMF chief.
A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.
The Gulf state will help set-up a Franco-Qatari fund aimed at investing millions of Euros into depressed French suburbs.
Tonight’s awards will celebrate the UAE’s top performing business leaders and companies.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.
Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.
Experts from Emirates NBD, Falcon Private Bank, Lombard Odier, Bank Sarasin-Alpen Group and Julius Baer reveal their regional wealth management strategies to Gulf Business.
The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.
CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.
Middle East investors are still seeking high-yielding investments, says Daniel Savary, head of Eastern Mediterranean & Middle East markets at Julius Baer
Rohit Walia, executive vice chairman & CEO at Bank Sarasin-Alpen Group, Middle East and India, says that the group will focus on tapping the Islamic finance industry in Saudi Arabia.
Swiss bank Lombard Odier is aggressively increasing its footprint in the Middle East, says its head of new markets, Arnaud Leclercq.
Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank
Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.