The energy company hopes that the staff-cuts will result in a saving of over $20 million in 2014.
The developer said it has instructed Deutsche Bank, the registrar and paying agent for the sukuk, to pay the amount to trade creditors.
The document is issued immediately via a secure website and can be obtained online from anywhere in the world.
Will Dubai’s massive fashion industry investment propel it to the big league?
The Middle East’s largest cinema group has aggressive plans to expand into Qatar and Bahrain in the coming year.
The lifestyle development, located within DWC, will include a golf course, hotels, retail outlets and a business hub.
If you are still frantically searching for that elusive “perfect” Christmas gift, Gulf Business offers tips for unique and festive gift options.
The second and third most popular buzzwords in the UAE were ‘effective’ and ‘strategic’.
The Abu Dhabi carrier is expected to decide on whether to buy a stake in the troubled Italian airline “just before Christmas”, a source said.
Global operator plans to have 10,000 rooms in the city by 2020
Both du and Etisalat have said they will no longer offer the new social media service.
Dubai will spend $8.1 billion on roads, an airport, hotels and an extension to its rail network in preparation for the 2020 world fair.
The firm will focus on investing in high impact Middle East tech start-ups, say founders Paul Kenny and Arya Bolurfrushan.
The $1 billion project will offer 479 rooms and suites and 222 Viceroy Residences with sea views.
Abu Dhabi has grand plans to develop its permanent cruise terminal facility to cash in on the emirate’s growing cruise tourism market.
The group hopes that the investment will create employment opportunities for around 1800 to 2000 people.
The carrier said its 14 weekly passenger services will continue to operate through Dubai International.
National Bank of Abu Dhabi plans to add around 900 jobs to its current headcount of 6,500 next year.
The UAE’s e-commerce industry has good growth potential and infrastructure but poor consumer behavior and market size.
Abu Dhabi’s Mubadala Development Co, Qatar Petroleum and Oman Oil Co have formed a consortium.
In a rare interview, Al Habtoor reveals his plans for building one of the biggest destinations the UAE has ever seen.
The original target was for industry to contribute 19 per cent of the economy by 2020 and 24 per cent by 2030.
A number of educational initiatives were announced and endorsed by the Cabinet.
Dubai has set itself a target to generate half the additional power needed to run the Expo from renewable resources.
The UAE’s ICT sector could record additional growth of around one to two per cent because of Expo 2020, says IDC.
The Swiss wealth manager will gain a foothold in Beirut and Manama and strengthen its existing presence in Dubai.
New widebody and narrowbody services meet local traffic demand and boost connectivity.
Dubai’s third quarter imports touched Dhs610 billion and have been instrumental in boosting the emirate’s trade.
India was Abu Dhabi’s largest overseas source market for hotel guests in the first nine months of this year.
DWC greets its first full service carrier as Gulf Air marks its first flight to the new airport