Revenues for hotel establishments rose 8 per cent to reach Dhs 3.346bn in H1 2015, the latest figures reveal
The state-linked builder made a profit of Dhs 601m in the second quarter of 2015
The capital’s housing stock saw the lowest level of growth in the last five years, potentially pressuring rents to rise
The airport saw a 17.2 per cent growth in passenger numbers during the first half of 2015
Passenger numbers rose to 11.11 million from 9.48 million a year earlier
The deal was called off in part because ADCB asked at a late stage to select which of RBS’ customers it would take, sources said
The UAE capital beat rivals Lima and Almaty to win the bid
The lender made a net profit attributable to shareholders of Dhs 1.28bn in the second quarter of 2015
The company secured an $825m loan from banks in February to pay debt and fund acquisitions
Officials said the worker’s death in June was the first fatality that happened on site
Noor Bank was the initial lead arranger for the syndicated structured facility
Jodi Magi has denied that she wrote insulting words about the car owner along with a picture she posted on Facebook
The Abu Dhabi-based carrier will serve as the preferred airline for the Jeddah-based club
The sales constituted land plots on Nareel Island and Al Merief developments, as well as unit sales at Meera at Shams Abu Dhabi
British carrier will hope to lure Emiratis and Omanis onto its new First Class suites
Developments such as Eastern Mangroves and St Regis Residences saw rents rise 10-12 per cent in Q2, says Asteco report
The bank is looking for opportunities in Malaysia and Indonesia, as well as Algeria, Jordan and Morocco, its CEO said
Following the approval, officials said that they expect to start work on the $1bn mall this year
The company “confirms that it is not engaged in merger discussions with any government or other entity”, it said in a statement to the bourse
IPIC made a net profit attributable to equity holders in the parent of $1.21bn against $1.92bn in 2013
Billions of dollars were spent on assets and expansion but the recent oil drop has impacted TAQA’s operations.
The drafts will be available for public comment over a six-week period, and the zone plans to accept its first applications for financial service operating licences by the end of this year
Through the deal, both airlines will place their code on each other’s flights between Abu Dhabi and Pakistan
For Abu Dhabi’s Mubadala, the purchase is part of a push to invest in assets other than oil.
Saudi Arabia’s Mobily, 28 per cent owned by Etisalat, said earlier that it would reissue its 2014 and first quarter 2015 financial statements
Airport passenger traffic growth was largely driven by flights from the US, India and Italy.
Roy Kinnear, who was a senior vice president at Etihad Airways, replaces Manoj Papa.
Etihad bought a stake in Jet two years ago giving it a foothold in India’s fast-growing aviation industry
The airline also has an option to buy three more jets from Brazil-based aircraft manufacturer Embraer
The deal will promote Australia among both business and leisure travellers mainly within Europe