Tighter government regulations and an increasing mismatch between buyer and seller expectations have tempered growth in the residential market.
All the latest news from the region’s biggest property event taking place in Dubai.
Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.
The 18-hole championship-standard course, ‘Trump World Golf Club Dubai’, will include a club house, restaurants and pro shop.
Al Jazeera bought Current TV for an estimated $500 million in 2013 from Al Gore.
Kuwait has invested almost $18 billion in Germany.
Sohar Aluminium plans to spend $35 million over the next five years.
Bahrain has been shaken by persistent unrest since 2011.
The proceeds will be used to invest in healthcare and education assets, according to sources.
The funds would be raised through loans, the airline’s chief financial officer confirmed.
The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018.
The airline will deploy a Boeing 737-800 aircraft to operate the new service, which will begin from October 14.
The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.
Income from Mubadala’s joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.
The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom’s senior Muslim clergy.
ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.
The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.
Middle East investors bought 87 per cent of the Goldman sukuk, while 11 per cent went to Europe and two per cent to Asian investors, a document from lead arrangers showed.
Waha said the programme, approved by its board on Wednesday, would allow it to repurchase up to 194 million shares.
Dubai carrier ponders regular double-decker services to Iranian capital
The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.
HealthKit gathers data such as blood pressure and weight from various health apps on Apple devices, and can be viewed by doctors at one place.
Angela Merkel said Al Thani had assured her Qatar’s security was also at stake in the fight against the Islamic State and that she had “no reason not to believe what the emir said”.
SWCC, also Saudi Arabia’s second largest power producer, now produces 3.6 million cubic meters per day of desalinated water.
Qatari ruler Sheikh Tamim bin Hamad Al Thani is currently visiting Berlin.
Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.
Improving asset quality and falling credit losses have offset the downside of lower net interest margins, Standard & Poor said in a report.
Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.
The first nuclear reactor is scheduled to enter commercial operations by 2017, the UAE’s nuclear agency said.