The reduction is down to Aldar using some of the money due from Abu Dhabi’s government to repay debt, its CFO said.
Facilities that have been shut down include a day-care surgery centre, a plastic surgery clinic, an aesthetics clinic and a dermatology clinic.
The delegation, which includes the secretary general of the BIE, is checking on the progress of Expo 2020 Dubai.
The facility, arranged by Goldman Sachs and Qatar National Bank for B. R. Shetty, will last for 18 months, according to one of the sources.
Brent crude climbed above $62 per barrel on Monday, after hitting 5-1/2-year lows of $60.28 earlier.
The move comes after days of stock market falls across the Gulf region in response to slumping oil prices.
Rising cost of living and inflation are the main factors impacting the ability of UAE residents to save, a new survey says.
UAE minister of energy ruled out a cut in OPEC’s production or an emergency meeting soon to stabilise the falling oil prices.
The special cash dividend follows the successful IPO and listing of the Emaar Malls Group.
The museum, anticipated to be ready by December 2015, will encompass 9,200 square metres of art galleries.
The Abu Dhabi-based airline is expanding its US network as it looks to tap into the growing business and trade links between the US and the UAE.
The Dubai benchmark tumbled 6.1 per cent to 3,374 points, erasing most of its remaining year-to-date gains.
PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.
The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.
It is particularly looking to expand into North Asia and mainland China and also wants to increase its presence in India.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
Remuneration trends in fields such as finance and accounting, financial services, information technology, legal, HR and administration has risen marginally, says new report.
Al Yah Satellite Communications Company (Yahsat) will raise around $500 million through a mixture of debt and equity, a source said.
Wasl Asset Management plans to open four three-star hotels in the emirate next year.
The Dubai index sank 7.4 per cent to 3,595 points and hitting its lowest level since January.
Airbus’ finance director aired the possibility of cancelling the world’s largest airliner project due to poor sales.
The two airlines will share services on 49 routes, more than double the previous number, state-owned SAA said in a statement today.
About 60 per cent of online consumers in the UAE have made purchases from overseas stores in the last 12 months, a new survey says.
The electric-powered hop-in-hop-off system, slated to begin operations in early 2015, will run for seven kilometers.
Equity markets worldwide tumbled after the 12-member OPEC yesterday cut its forecast for demand next year to the lowest level in 12 years.
Several industries such as manufacturing and aviation will benefit from lower oil prices, he said.
ICD is already the majority shareholder of DAE, holding 55 per cent.
The Circle Mall is currently in the design stage and will open by 2017.
Differences still exist between the six GCC states over issues relating to Egypt, Libya and Iran.
The company building Dubai’s mega theme park complex saw its share prices fall nine per cent on Wednesday.