The company is hoping to finalise an investment before year-end.
Meraas Holding says that its new JBR development will offer an underground car park able to hold 1,200 vehicles.
Zabeel Investments owes about Dhs6 billion to mostly local banks.
Gulf Business brings you all the news from Dubai’s main property event.
Long queues, new projects and big stands signal a good start to Dubai’s main property event.
The Group has set the bar high on the first morning of the property event, unveiling a new community and skyscraper.
Mohammad al-Hashel has said the Gulf Arab state should take necessary action to reduce spending.
The professional networking site will open an office in Dubai to help grow its MENA database.
Ahead of Cityscape, property experts claim the city’s real estate market has recovered this year.
The Qatari lender, part-owned by Qatar Holding, revealed profits last year of 243.7 million riyals.
The Abu Dhabi bank is planning a $500 million bond as an existing one to mature in 2017 yields 2.7 per cent.
The date set for banks to reduce their exposure to the government has passed with no word from the Central Bank.
As the region’s largest real estate event approaches, the man behind Cityscape Global says it will be their biggest event post-2008.
Chief Executive Al-Baker says his airline will not join British Airways as part of the airline alliance.
The global corporate is pumping funds into energy, healthcare and innovation in the Kingdom.
In partnership with Deutsche Bank, the new DIFC Forum will open up discussions on doing business in the MENA and Asia regions.
Abu Dhabi’s flag carrier is eyeing further minority stakes in global airlines in continuing bid to compete with local rivals.
Growth in the first eight months of the year at Abu Dhabi’s International Airport jumped 21.5 per cent.
The Dubai-based developer sold its serviced apartments marina asset to Eshraq Properties in the second quarter of the year.
As Qatar modernises itself for the 2022 FIFA World Cup, conservative traditionalists express concern.
Gulf Business spoke to Toby Simpson, managing director of the Gulf Recruitment Group, to find out the best way to start a new career in the hotly favoured tax-free city of Dubai.
Zabeel Investments allegedly owes $107 million to the Abu Dhabi bank which has filed for legal procedures.
The new tablet-laptop hybrid will be launched in the region next month along with the release of Windows 8.
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.
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.
Although no new cases of the virus have been detected so far, Saudi officials and the WHO are monitoring the situation.
A whistle-stop tour of Singapore, UAE and London as Deutsche Bank, HSBC and QInvest LLC are mandated for the Islamic bond.