CEO Tim Clark says governments, airports and organisations in Europe frustrated with local airlines have asked Emirates to start offering international service
RWE’s CEO Peter Terium had said earlier that the company was in talks with an Abu Dhabi investor regarding joint renewable energy projects, but declined to reveal its identity.
The UAE’s consolidated fiscal balance is expected to swing to a deficit of 2.3 per cent of gross domestic product in 2015 from a 5.0 per cent surplus last year, the IMF said.
The UAE was a safe haven for both Arab and foreign investors during the Arab Spring. But as regional tensions loom bigger, will the country be able to uphold that title?
Less money is going towards high-profile investments abroad and there is a renewed emphasis on developing the domestic economy, bankers and businessmen say.