The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
The terminal will have a storage capacity of over 240,000 cubic metres and will be HTL’s second project in the emirate.
The second tower of the Dubai real estate giant’s Burj Vista development will feature 20 storeys, housing one, two and three-bedroom apartments.
The Dubai-based developer appointed Hawary Marshad, who will replace Yawar Pasha as CFO.
Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The Dhs400 million tower includes 220 serviced living units in Dubai’s Burj area.
UAE’s Etisalat has reportedly offered a higher price than rival Qatari bidder Ooredoo for Vivendi’s 53 per cent stake in Maroc Telecom.
Emirates’ passengers connecting in Australia will most likely board the new-look aircraft
The loan has been marketed since mid-March, with $1.6 billion of the $2 billion target already pledged by the eight arranging banks.
The developer of shopping malls will go on a roadshow to raise money from institutional investors for the purchase of a minority share in Carrefour.
The word ‘resort’ is used all too frequently in today’s hospitality scene, but Le Royal Méridien is the perfect example of what the term should stand for; a place you should never have to leave.
Mona Tavassoli, founder of MomSouq, tells Alicia Buller why babies are good for business.
Impressive figures from BMW, Audi, Volkswagen and Rolls-Royce indicate the region’s economy is purring along nicely.
Godolphin trainer Mahmood al-Zarooni was banned for eight years by the British Horseracing Authority after 11 horses tested positive for anabolic steroids in April.
The Canadian visa waiver announced earlier this year has still not come into effect, confirmed embassies.
The service will be operated in conjunction with Etihad following the signing of a reciprocal codeshare agreement in February.
Arabtec had said in March that the fundraising was part of a five-year expansion plan.
Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.
The new structure for Dubai’s government is to be implemented in two years’ time and will be “the Government of the future”.
Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.
Additional three services a week from June 30 will be operated by B777-300ER aircraft.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Thousands of workers stayed away from work from Saturday to demand higher wages.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The emirate welcomed 25 new retailers last year, says new study by CBRE.
The International Monetary Fund’s regional report warns unemployment figures and diversifying economies are still an issue.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
Thousands of workers have been on strike since Saturday demanding higher pay.
Deal with Qatar National Bank S.A.Q. and Commercial Bank International covers part of a larger order for 44 A320s placed with Airbus in 2007