While 21 per cent of UAE hotel projects in the pipeline have been postponed, 54 per cent are confirmed, finds new study.
Most of the job-cuts are in back office roles such as IT, according to sources.
The project, to be developed by Meraas, will also include a Bollywood-themed section.
Abu Dhabi’s flagship carrier is eyeing up minority stakes in Jet Airways and SpiceJet.
Sheikh Mohammed instructs work to begin on the second phase of the Dhs2.5 billion JW Marriott Marquis.
Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.
The Sharjah-based natural gas producer failed to repay its creditors on the maturity of its $920 million Islamic bond last month.
The 15-year Sukuk is National Bank of Abu Dhabi’s third issuance in the South East Asian currency.
The deal grants the Dubai-based airline a five-year extension to its shirt partnership with the football club.
The mall will be part of a new retail and tourism complex that also includes a park bigger than London’s Hyde park.
A menu brimming with as much seafood as meat, this is a steakhouse to savour.
The British woman and Irish man have also been fined Dhs3,000 each and will be deported after their jail terms end.
A mix of social media apps, info services and games feature on the list.
The Dubai-based firm has become 100 per cent shareholders of the English football club.
Production in the new field is expected to begin in the first half of 2014.
Arabtec will buy 149.6 million shares in Depa, valued roughly at $65.8 million.
The deal provides for the storage of six million oil barrels for the Korean strategic stockpile program.
With $4.4 billion needed to meet its first obligation, there are worries as to where the money will come from.
The local banking sector has ample liquidity and lenders are ready to grow, says Abdul Aziz Al Ghurair.
Dubai Marina and The Springs come second and third in propertyfinder poll.
Abu Dhabi’s Constantin Salameh chosen for top corporate post.
Lender’s Anshu Jain tells business leaders in Dubai chances of Greece leaving have lessened.
The telecom firm has formed a new alliance with the Californian company to bring faster internet speeds to the Gulf.
Sheikh Mohammed bin Rashid al-Maktoum reduces the number of board members from six to five.
Vehicle sales in the UAE and wider region are reaching 2008’s record levels due to jobs, positive sentiment and a rising population.
Tenants said they must sign waiver to go inside building; victims offered hotel apartments for one month.
The new Moroccan themed development will be an extension of Emaar’s Arabian Ranches development.
Dubai’s largest bank is targeting international revenues of around 20 per cent of its total by 2017.
Experts warn developers not to use cheap building materials as they pose a serious fire safety risk.
A survey shows 86 per cent of UAE residents do not have contents insurance.