The emirate’s real estate market is forecast to see a 10 to 20 per cent correction in prices this year, the report stated
Housing and utility costs, which made up 44 per cent of all expenses, rose 7.8 per cent year-on-year
increasing e-commerce spend and a push by governments to encourage cashless transactions are easing more and more consumers into smart payments
Dubai’s ENOC, which owns 54 per cent of Dragon Oil, raised its offer this week to buy out the minority shareholders
In the past two years, Natixis has increased staffing levels in Dubai by around 50 per cent to 45 people
Passenger traffic at Dubai International rose 5.7 per cent year-on-year in April 2015
Emaar Misr is floating 12.99 per cent of the company, amounting to 600 million shares
Elseco’s CEO expects satellite insurance revenue to reach about $120 million in 2020, while a greater focus on aviation and energy would earn about $300 million combined.
The electronics retailer is also looking to enter the Saudi market next year, a senior official said.
Dubai and Abu Dhabi were also ranked most expensive cities for expats in the Middle East, according to a new survey
The facility will support its expansion plans and provide the energy firm with long term funding
The ‘hold my fare’ feature is open to customers in the UAE and other select markets for a refundable fee
Named Morjana, the office will have 25 female staff and will be open seven days a week
The budget carrier said that it will be increasing frequency on a number of routes and doubling the size of its network in Pakistan
Dubai-based ENOC’s offer values Dragon Oil at around $5.75bn
The authority was previously called Dubai Technology and Media Free Zone Authority.
The deal was awarded to UAE-based Arco General Contracting for carrying out community infrastructure work on the project
The programme needs to have a final approval from the UAE Central Bank before it goes live, the federation said
Dubai’s hotel operators have traditionally seen high levels of occupancy. But with currency devaluation and growing supply, how is the industry coping?
The profit payment will be made to all sukuk holders on June 15, 2015 against the sukuk issued amount of Dhs4.4 billion
The recent drop in oil prices along with a decrease in travel from Russia and Europe caused the slump
Michelin-star chef’s arrival raises the stakes in city’s competitive F&B scene
The move, which would see around 250 support positions eliminated, is aimed at creating a leaner entity and increasing competitiveness.
The store will sell Enfield’s popular bikes such as the Bullet, the Continental GT 535cc café racer, the Rumbler and the retro street model Classic.
CEO Tim Clark says governments, airports and organisations in Europe frustrated with local airlines have asked Emirates to start offering international service
Boeing’s 737 manufacturing facility in Renton produces 42 airplanes every month
The deal, due to be implemented in July, provides the Dubai carrier with greater access to the UK and Europe
The official did not specify a date by which the airline would file its responses to subsidy allegations
The financial free zone hopes that Dubai’s financial sector will raise its GDP contribution to 18 per cent over the next 10 years
The country’s under development theme parks are also expected to attract about 18 million visitors, a new report shows