New foreign partners, mainly from the Far East, are being targeted as stakeholders of the future.
Abdul Aziz Al Ghurair is the man behind Mashreq, the UAE’s largest privately owned bank. In a rare interview he opens up to Alicia Buller on the greed culture that engulfed the UAE’s
banks and lurched the industry into crisis.
UAE-based business has teamed up with global enterprise MSD to target cardiovascular diseases.
The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.
Eissa Al Suwaidi has been appointed as the new head of the UAE telecoms company, replacing Mohammad Omran.
Number of visitors to Dubai’s International Airport climbs with a big increase from flydubai’s new Russia service.
Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.
The number of guests in the emirate’s hotels reached 192,374 during May this year, official statistics show.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The UAE city is ranked as having the most transparent real estate market in the MENA region.
The crown prince and the US president discussed regional issues and global energy prices during the meet.
Restaurants and shops consider rejecting premium credit cards as Network International hikes fees.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.
Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.
Media reports had claimed that Etihad and Qatar Airways were eyeing a minority stake in the Indian budget carrier.
Trade links between the two countries have never been stronger as new figures reveal the growing relationship.
The emirate has seen consumer confidence rise in the first quarter of the year, say official statistics.
Abu Dhabi’s sovereign wealth fund expects emerging market stocks to outperform in the long-term.
Majid Al Futtaim has begun choosing banks to arrange investor meetings ahead of a second bond issue.
The investment company, which plans to launch an IPO, raised Dhs100 million from the sale.
The free zone has repaid the Islamic loan five months early and consequently received a rating upgrade from Fitch.
Contracts have been signed for the construction of projects in Ras Al Khaimah and Khor Fakkan.
The new pipeline is expected to end the UAE’s dependence on the shipping route that Iran has threatened to block.
The UAE and Qatar have not been upgraded to emerging markets status by index compiler MSCI.
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