Ziad Awad, a veteran investment banker with nearly 20 years of experience, is setting up Boardroom Metrics Arabia.
The mall operator will use the $1.5 billion facility to replace revolving loans totalling $1 billion.
The index, which fell as much as 5.2 per cent is now down 2.6 per cent.
Based in Tecom, the new hotel is expected to open by 2016 and will have around 672 rooms.
Emirates’ resumption is a positive sign but logistical challenges remain
Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.
Dubai International Financial Centre currently has 979 registered companies with a total workforce of 15,000.
The 48-storey residential tower is part of the group’s Central Park project in the DIFC.
An Uzbek woman threatened to blow-up the Dubai Public Prosecution building on Sunday following a personal dispute.
Chevron won the new contract to supply U.S. allied military jets refuelling in Dubai.
Dubai’s index lost 5.4 per cent last week over worries of a U.S. military strike in Syria.
Arabian Radio Network has secured the rights to transmit live online and radio coverage of all matches from the top English league.
The company has been selling assets globally and exiting markets where it does not have a significant presence.
Emirates plans to add as many as three new U.S. city destinations in the next 12 months.
Dubai’s best restaurants as ranked by the What’s On Black Hat Guide 2013.
The ‘Vogue Fashion Dubai Experience’ will be held on October 10 at The Dubai Mall.
Dubai’s index was down as much as 7.5 per cent in the morning on concerns of a possible escalation of Syria’s civil war.
The Middle East’s leading airport is comfortably on track to surpass last year’s total of 57 million.
The DFM crashes for a second day in a row as a U.S. strike on Syria looks more likely.
The Dubai Financial Market dropped seven per cent on Tuesday following reports of a possible Western strike in Syria.
The MENA business reported revenues for the first half of the year were up 22 per cent on last year at Dhs1.01 billion.
The Syrian chemical weapons crisis has sparked fear among Dubai investors.
Emirates will be keen to connect passengers across its global network, particularly in Europe and Africa.
A construction timeline for the proposed 30,000 square metre retail facility is yet to be announced.
BBA was holding talks with its U.S. rival StandardAero over a $4.2 billion tie-up.
The new facilities will include outdoor pitches and four indoor, air-conditioned pitches.
Rents rose by 11.3 per cent across Dubai during the first half of 2013, says a Cluttons report.
Markus Thesslef also reveals plans to launch a new Spanish restaurant and additional openings for Okku and Sophie’s.
The Dubai-based developer has $2.2 billion debt maturing in 2015.
The regulators will supervise fund managers operating between the Dubai International Financial Centre and Europe.