Nikhil Das, a private banker, was found guilty of carrying out fraudulent transactions worth $8.4 million.
Abraaj’s exit in Daniel O. Mercado Centre was executed through a buy-back arrangement with the Mercado family.
Kazim, whose appointment is effective next Jan. 1, will replace current DIFC governor Abdullah Mohammed Saleh.
Operations of the new terminal, located in Dubai’s new Al Maktoum International Airport, will begin in April 2014.
The Spanish-styled villas are part of a massive extension plan of Emaar’s Arabian Ranches community.
The second annual awards, to be held tonight, will recognise business achievement across various sectors in the UAE.
A formal sale process for the business was initiated earlier this year, sources said
The fire in a garment warehouse in Dubai’s Al Quoz 3 area gutted the building.
Dubai’s index falls one per cent to 2,641 points in early trade.
The project will build and renovate around 10,000 houses for UAE citizens across different emirates.
The centre will deal with legal rental disputes for properties located across Dubai.
Dubai has welcomed a flood of international luxury hotel chains in the last decade, but The Oberoi Group is the first high-end Indian hotelier to hit the UAE’s shores.
Dubai’s bourse rose 2.2 per cent to 2,666 points, its highest close since Aug. 26
Providing financial services to those who can’t afford them is essential in the region, say experts.
Experts said that having a reactive approach to cyber threats will prove expensive in the long run.
Emirates keen to target New England trade and transfer traffic opportunities
Low-cost airline now flies to both Kiev airports and will start business class flights from the end of October
The lender announced on Wednesday that it was boosting the limit on foreign ownership to 20 per cent.
The Abu Dhabi-based airline plans to introduce more flights, more seats and new routes to India.
The lender is currently in the process of delisting Tamweel from the Dubai Financial Market.
On-site tenants will be offered basic memberships and premium tiers for a monthly or yearly fee
Foreign investors currently own only 1.9 per cent of the bank’s shares, as per DFM data.
The project will be built in phases and can house up to 150,000 people.
The 555-room hotel, located opposite The Dubai Convention & Exhibition Centre, will primarily target business guests
NBF’s new entity will help facilitate expanding cross border flows between the UAE and China.
The Dubai-based bank is launching co-branded credit, debit and prepaid cards targeting the football club’s fans in the UAE.
Most UAE investors do not seek professional financial advice, finds new study.
Deutsche Bank and Citigroup Inc will advise on the planned flotation, two banking sources said.