Mohammed Alabbar was speaking at Emaar’s AGM where shareholders approved a 10 per cent cash dividend.
An earthquake measuring a magnitude of 6.3 struck on Tuesday 60 miles south of the city of Bushehr in Iran.
The developer will launch the sale of 188 townhouses in Mira this month.
Italian Civil Aviation Authority has authorised the services, an extension to one of Emirates’ existing triple daily flights, on an extra-bilateral basis.
Executive Vice Chairman who has been pivotal in managing Emirates’ growth in the last 28 years stepped down from his position on Sunday
The bank received the deposit in 2008 to boost its financial strength during the financial crisis.
With $16 million sales per day, is Dubai Duty Free’s success about being in the right place at the right time or a shrewd business strategy?
The airport retailer recorded sales of Dhs1.6 billion in the first three months of the year.
Dubai’s second airport will operate five runways and have a capacity of 160 million passengers a year.
The IPO plan is reportedly at an initial stage and it is not clear whether the listing will be in Dubai.
Emirates President Tim Clark highlighted the importance of Dubai as a trading hub at last night’s gala dinner.
Despite official safety claims, 43 per cent of the UAE’s residents still say they have never taken part in a fire drill, finds new survey by Honeywell.
The Dubai airline’s long-term strategy “embraces opportunity,” states Emirates president Tim Clark.
The tandem flight is believed to be the first time two commercial A380s have flown together in formation.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
DHCOG posted a net profit of Dhs1.2 billion ($326.71 million) for 2012, compared with profit of Dhs204 million in 2011.
The issue was three and a half times oversubscribed with more than 160 orders received from regional and international investors.
Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.
Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.
Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.
Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.
Phase one of the serviced apartments are all gone with phase two to go on sale in April.
New developments planned at the mall include easier Metro access and improved food court facilities.
The deal has just received conditional approval from Australia’s regulatory body.
The Australian Competition and Consumer Commission said the airlines had to maintain at least their pre-alliance capacity on routes between Australia and New Zealand
The American fashion label will launch its first Middle East store in the emirate in 2014.
The world’s richest horse race will take place in Dubai on Saturday, March 30.
Zack Shahin has been convicted of embezzling Dhs30 million along with the three other men.
Kerzner sold its stake in Dubai’s Atlantis resort to state-owned Istithmar World for $250 million.
The emirate’s airport handled 5.1 million passengers in February.