Shatha Tower has evacuated its premises after a fire started in the basement of the building.
A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.
The entire valuation and the structuring of the deal has already been completed, say sources.
Fabrice Brégier told reporters he was “very pleased” with the company’s relationship with Middle East airlines.
Etihad has wasted no time in taking its commercial relationship to the next level, after starting daily flights between Abu Dhabi and Belgrade on Saturday
The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.
Construction of the Kazakhstan project is expected to be completed by 2017.
privately owned Anglo Arabian Healthcare for an undisclosed amount.
The top gyms in Dubai, how much they charge and what they offer.
Mark Beer becomes an OBE and Joseph Tabet an MBE, in recognition of their work to promote UAE-UK ties
The route is operated as a codeshare with Serbian national carrier, JatAirways.
Richard Bergfors, CEO of the Swedish chain Max Burger, which recently launched in Dubai, tells Aarti Nagraj why he is confident of success.
The possibility of another boom-and-bust cycle in Dubai is a risk for the UAE economy in the medium term, the IMF warned
The mandatory practice is unfamiliar to many local businesses but must be complied with in order to tap the growing markets.
The UAE is ready to host an unforgettable World Expo 2020, says Sheikh Mohammed bin Rashid Al Maktoum.
Demand for high-profile aircraft has been on the rise and deemed a “natural fit” for the city’s luxury Hollywood lifestyle.
The company will use the amount to fund operations and refinance existing debt.
Fraudulent lift companies are risking lives in the UAE and costing the industry millions of dirhams, say industry insiders.
The 330 square metre facility will highlight operations and achievements of commercial air travel.
The two nations have been upgraded from frontier markets to emerging markets by index compiler MSCI.
The Gulf state’s bourse jumps to its highest level since September 2008.
The facility at Fujairah is expected to have an annual import capacity of nine million tons of LNG.
Qatar is also raised up from the frontier market while the classification body continues to monitor Egypt’s markets.
Sales are on target for 380,000 vehicles this year, up 23 per cent on 2012 and 40,000 more than in 2008.
Etihad Airways is avoiding legacy alliances to build its own one-on-one partnerships and is reaping the results, says Hogan.
The former player led Al Ahli to lift the Etisalat Cup and President’s Cup in his two-year reign.
The company, which operates brands such as Sharaf DG and Forever 21, is rapidly expanding across the region.
This is the first major sale of a foreign asset by Dubai World as it restructures its debt.
The new deal, which was arranged by a group of eight local and international banks, refinances an existing $2 billion facility.
Dubai Group and its lenders have been locked in a complex debt restructuring.