Industry
The new luxury hotel, which is scheduled to open by 2018, will be operated by Anantara Spa and Resorts, the developer said.
Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.
A White House official, speaking on background, said Obama will address the latest strategy to counter Islamic State in Syria.
The Dubai entity currently produces 1.1 million tonnes of aluminium per year, with the planned upgrade set to enhance output by 100,000 tonnes when completed.
Investor orders for the issue grew to over $850 million, the document showed.
The combined capital adequacy ratio of all banks was 17.8 per cent at the end of the second quarter this year, well above the eight per cent minimum specified by Basel standards.
The company also announced the launch of the VIBE Z2, and its flagship VIBE Z2 Pro, which is priced at Dhs2,499 in the UAE.
Transguard said that it has won contracts with major firms such as TAV and Australian firm James L Williams.
Feasibility studies for the project have been completed, confirmed Emirates Global Aluminium CEO Abdulla Kalban.
Emaar plans to sell 15 per cent of its subsidiary Emaar Malls Group (EMG) in an initial public offer launched this month.
The lender had said in January 2013 that it was looking to buy a strategic stake in a Libyan commercial bank.
UAE residents more inclined to invest in property rather than gold, finds new survey.
Brent crude prices have fallen below OPEC’s preferred level of $100 a barrel.
The bond with a perpetual tenor can be bought back by the lender after the fifth year.
Oil prices in Europe have declined since June as geopolitical concerns wane and key producers pump large amounts into the market.
Several residents are being forced to move to the cheaper outskirts of Dubai or are also considering returning home abroad.
FIFA executive committee member Theo Zwanziger had said the event would be shifted away from Qatar because of extreme heat in the country.
Last year, Apple sold nine million iPhone 5S and 5C models in 11 countries, including China, in the first weekend.
The United States has been building a coalition to combat Islamic State, which has seized large areas in Iraq and Syria.
The state-controlled retailer launched the repricing exercise last month, one of a string of United Arab Emirates companies to cut their borrowing costs in recent months.
Should it issue, NBO would become the second Omani bank to issue a bond, after Bank Muscat printed a $500 million five-year deal in March 2013.
Dubai’s Real Estate Regulatory Authority will be introducing four new measures next year to regulate the sector.
Postponement of low-cost roll-out designed to placate pilots amid strike’s mounting costs
The manufacturer is hoping to lure Middle Eastern consumers with a range of competitively priced tablets and smartphones.
The government needs to introduce incentives- similar to those initiated in the hospitality sector- to boost the number of affordable homes in Dubai, an expert says.
He will succeed H. E. Sultan Bin Nasser Al Suwaidi.
New flotations on the bourse had been held back by low investor confidence after the index slumped in the wake of the global financial crisis and a local real estate crash.
The executive committee member said that the scorching summer in Qatar makes it unfavourable for soccer.
Passenger numbers rose 5.7 percent to 46.48 million people in the first eight months of the year.
The company expects to record annual depreciation charges of about 7.6 million riyals from Q4 2014 onwards.