The financial freezone regulator said the bank was guilty of flouting anti-money laundering rules.
Average rents across the emirate are down 1.5 per cent compared to the same time last year, says Cluttons’ latest report.
Home values slipped 0.8 per cent in the first quarter, leaving average prices 0.5 per cent lower than a year earlier and 19.4 per cent below the 2008 peak, a new report says.
The Dubai-based company has said that the IPO for EHG will be dependent on the right market conditions.
Emaar said it would use some of share sale proceeds to fund new developments in Egypt and grow its land bank in the country.
The tech giant will open its biggest store worldwide in Dubai this summer, say reports.
The majority of HR directors in the UAE noted a return of salary inflation for existing and new employees, a new study says.
The move aims to boost Dubai as a hub for regional and international exhibitions while also attracting local and international investments.
About 55.7 per cent of retailers in Dubai are international brands while the city attracted 45 new global brands last year.
The project, valued at Dhs700 million, will comprise of 1,000 residential units and will be ready for handover by 2018.
DIB has mandated First Gulf Bank, HSBC, Maybank, National Bank of Abu Dhabi, Standard Chartered Bank and itself to arrange the meetings in Asia and Europe.
The deal, rated A1 by Moody’s, has so far attracted orders totalling more than $3.5 billion from investors, a document showed.
Emirates’ head Tim Clark has said the airline will opt for either B787-10s or A350-900s in the next stage of its fleet development.
The Roads and Transport Authority has opened phase II of the main traffic diversion works on Al Wasl Road.
The funds are aimed at helping VOX attract a further 50 million customers over the next five years.
The developer has now launched additional units for sale within the project, which is located in its Mudon community in Dubailand.
Construction on the Al Khail Avenue mall will begin this year, with expected opening in 2018.
The acquisition is being funded by a blend of the company’s own funds and bank facilities, Marka said.
Canada was ranked as the world’s best medical tourism destination worldwide in 2014, according to a new index.
DSI’s first-quarter revenue was Dhs1.11 billion, down from Dhs1.25 billion a year earlier.
The move could further anger US carriers, which accuse Emirates of competing unfairly through state subsidies.
The builder reported a loss attributable to equity holders of Dhs279.82 million in the first quarter.
Alibaba’s subsidiary Aliyun will set up a venture with Dubai-based Meraas.
The transaction has received orders of seven times its size, an earlier document showed.
The additional service will increase Emirates’ total number of weekly flights serving Lebanon to 21.
The new logo design will be selected from 18,000 entries received during a public competition.
Sales of the three and four bedroom townhouses will begin on May 16.
Barclays, Citigroup, Deutsche Bank, Emirates NBD Capital, HSBC, National Bank of Abu Dhabi and Societe Generale are arrangers for the bond issue.
The theme park operator also said that it spent almost Dhs3 billion on the project in Q1 2015.
The contract for the project will be awarded on January 28, 2016, a senior RTA official said.