The public declaration is a motivational approach unique to the UAE, which invokes honour, the backbone quality of the region, writes the author of ’10 Tips For Leadership In The Middle East’.
The budget airline announced that it will begin services to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda.
Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.
The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.
Exclusive: The UAE has seen a flight to safety of wealth from conflict-ridden areas in the region, says Emirates NBD CEO Shayne Nelson.
Occupancy levels across Ras Al Khaimah’s hotels reached 64.11 per cent while the average daily rate amounted to $69.85, generating revenues worth $14.9 million.
The developer has awarded a contract worth around Dhs75 million to UAE-based Trojan General Contracting to build the complex.
Hasan Ismaik, the former CEO of Arabtec, confirmed that he was in talks with Abu Dhabi state fund Aabar to sell part of his stake.
The contractors, who designed the project from the Expo 2020 bid phase, are currently undertaking site readiness activities.
The developer said that it preponed the second release of units at the AKOYA development owing to strong investor demand.
Investors are hoping Abu Dhabi’s Aabar will soon buy a part of the 27.9 per cent stake held by Arabtec’s former CEO Hasan Ismaik.
Yas Mall, set to open in November, is slated to become the emirate’s first ‘super-regional’ mall.
As part of a US settlement last week, the bank agreed to end high-risk relationships with SMEs in the UAE.
MB UAE Investments will acquire 51 per cent and Al Madina Insurance Co will get 9.53 per cent of Islamic insurer National Takaful Co (Watania).
The development, called Villa Lantana, will feature 440 units including three, four and five bedroom homes.
The new phase will include a redesigned VOX Cinemas complex and the launch of new fashion brands and F&B outlets.
Officials in the country have also said that applying make-up while driving will draw a fine of Dhs1,000.
The emirate is holding a Chinese Visitor Summit to boost tourist numbers and guest nights.
Exclusive: Shayne Nelson, the CEO of Emirates NBD, says mid-sized banks in the country should consider in-market mergers.
Qatar’s benchmark rose 0.6 per cent, led by Islamic lender Masraf Al Rayan and Qatar National Bank
Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.
The emirate recorded a 26 per cent rise in the number of visitors from China.
The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.
Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.
The new development, spread over 55 million sq ft in Dubailand, will feature residences surrounding a golf course.
In an exclusive interview, George Kostas elaborates on the future of the company.
The emirate ranked seventh on the list, beating Los Angeles, Beijing and Sydney.
Switzerland’s Federal Office of Civil Aviation said that Darwin, rebranded as Etihad Regional, has until Sept. 30 to make changes to the agreement.
All the information you need to get up and running with your venture in one of easiest places in the world to do business in.
The new anti-terrorism law includes harsher punishments for violators.