The emirate will see a flood of new hotels rooms in the next three years said STR Global.
Abu Dhabi developer sees gains from government projects and higher rental income.
The Abu Dhabi develop beats expectations with Dhs478 million profit for the first quarter.
The developer’s results beat analyst expectations due to gains in retail and hospitality operations.
Gary Dugan will be joining Royal Bank of Scotland unit Coutts in Singapore, according to sources.
In a rare interview, the Infosys chairman discusses why India’s economy will triumph adversity.
A consortium led by Qatar’s Mannai Corp said that its $445 million offer for a majority stake in the Dubai jeweler has been accepted.
The country’s current account surplus increased mainly because of a rise in exports.
The two-part Islamic bond reportedly received strong demand in the market.
The Kingdom will grant new airlines licences in September to operate both locally and internationally.
The value of M&As in the region fell to $8.5 billion during the first quarter of 2012, according to Ernst &Young.
The US tech firm posted quarterly revenues of $39.2 billion, a 59 per cent jump on last year.
Managing a company is all about building up team spirit, says Christophe Chenut, CEO of Lacoste.
Emirates NBD’s Q1 net profit fell 55 per cent compared to last year but profit has tripled since Q4 2011.
The country is planning to pass laws this year to control the use of social networking sites.
London’s Heathrow Airport found that Saudi visitors were the Middle East’s biggest spenders in 2011.
Abu Dhabi Commercial Bank reported that net profit rose 38 per cent year-on-year during the first quarter of 2012.
The threat of a severe Europe crisis has passed, but more needs to be done to ease the situation, said Julius Baer.
The Dubai-based logistics firm made a first quarter net profit of Dhs61 million this year.
The UAE-based telecoms operator reported net profit of Dhs1.81 billion during the first quarter of the year.
The Dubai-based developer said that it had no plans to tap debt markets in 2012.
One of Abu Dhabi’s largest developers said that it expects residential rents in the emirate to drop further this year.
The new units are being developed by Saudi’s housing ministry as part of a larger affordable housing strategy.
The capital emirate needs a real estate enforcement body like Dubai, said Sorouh and Cluttons.
Experts say that residential rents in the emirate fell up to 18 per cent during the first quarter of the year.
Prince Alwaleed’s Kingdom Holding Company said that net income during the first quarter of the year reached SR100.8 million.
Abu Dhabi International Airport saw 21.2 per cent increase in traffic year-on-year.
The contract includes the construction of a residential development in Abu Dhabi.
India is the emirate’s top trading partner, according to the customs authority.
Abu Dhabi’s investment fund Aabar is reportedly looking to exit its its stake in the German carmaker.
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