Many family firms think they can continue to prosper by modernising themselves without big changes to ownership or control.
Dubai’s ENOC, which owns 54 per cent of Dragon Oil, raised its offer this week to buy out the minority shareholders
In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people
Passenger traffic at Dubai International rose 5.7 per cent year-on-year in April 2015
The UAE’s peace levels have deteriorated by 14 per cent over the last eight years.
Emaar Misr is floating 12.99 per cent of the company, amounting to 600 million shares
Elseco’s CEO expects satellite insurance revenue to reach about $120 million in 2020, while a greater focus on aviation and energy would earn about $300 million combined.
Abu Dhabi-based Emirates Development Bank has been created by the merger of Emirates Industrial Bank and Emirates Real Estate Bank
The electronics retailer is also looking to enter the Saudi market next year, a senior official said.
Dubai and Abu Dhabi were also ranked most expensive cities for expats in the Middle East, according to a new survey
The facility will support its expansion plans and provide the energy firm with long term funding
The ‘hold my fare’ feature is open to customers in the UAE and other select markets for a refundable fee
Named Morjana, the office will have 25 female staff and will be open seven days a week
Over 1.3 million guests stayed in the emirate’s hotels and hotel apartments
The first day of Eid Al Fitr is likely to fall on Friday, July 17, say astronomers
Private wealth in the UAE is estimated to reach $1 trillion by 2019, boosted by buoyant equity markets and a growing economy, a new study shows.
Alaa Bader Al Hashemi is charged with the murder of American schoolteacher Ibolya Ryan and for planting explosives at the doorstep of another resident
The new service will offer a total of 3,620 seats per week between Hong Kong and Abu Dhabi
The budget carrier said that it will be increasing frequency on a number of routes and doubling the size of its network in Pakistan
Gulf Finance, part of Dubai’s Shuaa Capital, provides finance to small and mid-sized firms in the UAE.
New survey finds one in 10 recruits are regarded as a ‘poor hiring decision’ by HR directors
Dubai-based ENOC’s offer values Dragon Oil at around $5.75bn
Working hours for private sector employees will be reduced by two hours with no change in salaries.
The authority was previously called Dubai Technology and Media Free Zone Authority.
NMC will acquire 100 per cent of ProVita for cash from TVM Capital Healthcare Partners, Saudi Arabia’s Olayan Group, Al Zarooni Emirates Investment and other minority shareholders
Suhail bin Mohammed al-Mazroui said that the government had requested a report after there were questions over why domestic fuel prices didn’t drop after global oil prices fell
The deal was awarded to UAE-based Arco General Contracting for carrying out community infrastructure work on the project
The Abu Dhabi airline is planning to launch its bond through a unit or special purpose vehicle
The programme needs to have a final approval from the UAE Central Bank before it goes live, the federation said
Employees at ministries and other federal authorities will work from 9am to 2pm during Ramadan