Dubai on track to overtake London Heathrow as the world’s premier international passenger airport by 2015
TAQA’s chief executive told media that the firm’s capex will be “a little less than in 2013”.
Dubai’s medical tourism strategy will be carried out in phases with the first stage lasting till 2016 and the second till 2020.
The new law contains articles seeking to make limited liability and joint stock companies simpler to manage and more attractive to investors.
The company is looking at deals in healthcare and education.
The hotel chain is focussing on Saudi Arabia and the UAE with four hotels apiece.
Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The e-commerce site will invest the amount in boosting technology and improving its mobile offering.
The five-year deal will be only the fourth Kangaroo transaction from a Middle Eastern bank.
The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.
A Patek Philippe men’s wristwatch, set with 42 emeralds, fetched the highest price at $341,000.
Priced at Dhs439, the device is part of the new Nokia X family of affordable smartphones.
Dubai carrier makes unusual move and decides to drop new route
Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.
The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.
The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.
If it goes ahead, the sale of Mauser would be one of the largest asset disposals by the emirate since its debt crisis in 2009.
Air Berlin needs to remain German so as not to lose its traffic rights outside the European Union, a German weekly reported.
Dubai real estate prices could triple by 2020, writes Peter Cooper.
Only nine funds have been domiciled in the DIFC since its current funds regime was introduced in 2010.
Paris-based Webedia has bought a majority stake in digital media firm Diwanee.
The share sale is expected to take place on Dubai Financial Market around the end of this year.
Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.
The 140 art works auctioned during the event in March raised over $10.6 million, up 65 per cent from last year, said Christie’s.
The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.
The contracts cover projects in its Al Furjan and International City communities in Dubai.
Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million
Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.
The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.
The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.