Etihad appears intent on pushing its first class into the luxury private jet space, targeting high-net-worth individuals across the globe.
The $50 million joint venture would fill a current market gap, a company executive said.
Revisiting why Dubai hosting Expo 2020 should ring in investor and consumer confidence, writes the founder and president of Nasser Saidi & Associates.
Iyad Abdalrahim was formerly CFO of Arabtec’s construction unit.
Under the plan to woo Etihad, the new firm would take on the majority of Alitalia’s debt and around 3,000 staff, a local paper reported.
The IPO was expected to mark the merger of the Abu Dhabi, Dubai indices and help kick start new listings in the UAE.
Kachins Group managing partner Ravi Ramchandani talks about why stand alone stores click in the mall rich Dubai.
Investment in the UAE is now flowing northward as a result of government policies and in response to rising costs in Dubai and Abu Dhabi.
Chief executive Osman Sultan was bullish on the company’s prospects despite a slow net profit growth of 4.5 per cent in the first quarter.
The bank’s chief executive declined to name the acquisition target.
Luxury brand’s third Dubai property blends French culture and art and targets business and leisure travellers given the proximity to DIFC and Dubai Mall
The lender said that it continued to grow its loan book in Q1 2014 while maintaining the structure of its balance sheet with high levels of liquidity and capital.
Under the law, individuals found guilty of money laundering will face a jail term of ten years along with a fine ranging from Dhs100,000 to Dhs500,000.
The bank made Dhs636.6 million ($173.3 million) in the opening three months of the year, it said in a statement.
The mega event could shift the balance of employment away from the public sector, a new report says.
The firm made a net profit of Dhs490.3 million ($133.49 million) in the three months to March 31.
The lender made a net profit of Dhs575 million ($156.6 million) in the opening three months of 2014, it said in a statement on Wednesday.
Backers hope the pieces, once returned to Abu Dhabi, will help create a cultural hub in the Gulf Arab state.
Deyaar made a quarterly consolidated net profit of Dhs52.1 million ($14.2 million) compared to Dhs19.4 million in the same period in 2013.
The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.
Arabtec is trying to evolve from a local contractor into a multinational development company as its finances are boosted by a recovery in Dubai’s property market.
Burdett joins from Australia and New Zealand Banking Group, where he was finance head of its international and institutional banking business.
The company had earlier proposed a cash dividend of Dhs0.1 ($0.03) per share plus bonus shares worth 30 per cent of its share capital.
The contractor has won a series of deals in the region recently, including the development of Abu Dhabi’s main airport and the building of a Louvre Museum.
Guest numbers in the emirate’s hotels and hotel apartments soared 32 per cent in Q1 2014, authorities say.
The newly launched airport is expected to see a surge in traffic as Dubai International closes for a runway upgrade.
The transaction was formally launched to price at 115 basis points over midswaps, a document from the lead banks said.
Dubai carrier targets premium business traffic to and from the EU capital
High demand for the offering has helped MAF reduce the prospective cost of its borrowing.
The project was designed by award-winning architects Rafael Vinolycovers and developed by state-owned investment company Mubadala.