Dubai’s diversification into sectors such as trade, tourism, real estate will ensure that it enjoys favourable economic conditions.
The new OTT players have helped the telecoms provider boost revenues from data usage, says the CEO.
Expo 2015 Milan is themed around the issue of tackling global food and hunger challenges.
Some analysts had predicted UNB might be added to the MSCI index, but it was not.
The discussions are taking place just two weeks before a self-imposed November 24 deadline for reaching a comprehensive deal.
The response comes following an Associated Press report quoting an unnamed Shoura Council member.
Shares in Dubai’s Emaar Properties and Dubai Islamic Bank, whose weightings also increased, rose 2.5 and 1.6 per cent respectively.
All public sector departments will remain closed from December 2 to December 7 as per directives by the UAE president.
Waha made a net profit of Dhs301.2 million ($82 million) in the three months to Sept. 30, up from Dhs107.1 million in the year-ago period, it said in a statement.
The company said in an emailed statement that it collected more than Dhs13.6 billion in its 16-day IPO.
Of about 74 billion Egyptian pounds of aid received in the 2013-14 fiscal year, 53 billion pounds was in the form of petroleum products, with the remaining 21 billion pounds coming as cash grants.
Songbird’s chief executive said in a statement that the proposal undervalued the company and does not reflect the inherent value of the business.
The move comes after the telecommunications firm posted a shock third-quarter profit drop last week due to the accounting issues.
Abdullah al-Badri said it was up to OPEC member countries to decide how to respond to the oil price drop.
The firm’s chief executive said in an interview that Agility’s plan was based on his company’s strategy of expanding into aviation services.
Talks about a potential deal between the two companies had been due to end on November 11 but announced an extension to allow more time to conclude due diligence and negotiations.
The backing of deep-pocketed Aabar Investments may be crucial to Virgin Galactic as it struggles to recover from the accident.
The phone scores on battery life and design, but lacks any major upgrade compared to the previous model.
Sheikh Ahmad Al-Fahad Al-Sabah, the president of the Olympic Council of Asia, said the World Cup could be a catalyst for positive change in the Middle East.
The four-phased project will chart opportunities for tourism development in Ajman over the next five years.
Currently, Qatari investors are exempt from taxes on profits made when they sell properties purchased in France.
Third A380 service provides more choice for passengers connecting later in Dubai, and flying onwards in America
The deal between NASDAQ Dubai and Misr for Central Clearing, Depository and Registry (MCDR) establishes technical ties that will facilitate dual listings.
A total of 38 pilots are expected to commence work at Etihad Airways by the end of this year with the remaining two joining in the first two months of 2015, the airline said.
Mobily’s latest drop takes the stock’s losses to 27 per cent since resuming trading on Tuesday.
The new company is expected to be named Orascom Construction.
Five-star Doha hotel becomes first regionally to offer keyless room entry in $15 million programme
Gulf countries have stepped in to help Egypt since the ouster of Islamist President Mohamed Mursi last year.
The majority of UAE residents (84 per cent) surveyed said that their rents increased at some point in 2014, according to price comparison website MoveSouq.com.
Mobily announced it had cut profits for 2013 and the first half of 2014 by a combined SAR1.43 billion because of accounting errors.