The move will increase the dominance of local banks over foreign banks in the panel that determines Eibor.
One of the projects, a residential development in Business Bay, will be worth about Dhs500 million.
Sharjah low-cost carrier to take on flydubai as it seeks to capitalise on Armenia’s growing popularity.
Healthcare businesses in the Gulf region are expected to boom in coming years as rising wealth couples with an increase in so-called lifestyle diseases.
The reform allows a shareholder who does not want to or cannot subscribe to a share issue to sell the rights.
The author behind best-selling books The Tipping Point and Outliers speaks exclusively to Gulf Business.
The British Council has released a new English language assessment tool called Aptis to assist multinational firms in the UAE.
The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Drake and Scull and Consolidated Contractors Co.
The new project, named Dubai Creek Harbor, will include a business district, shopping, sporting and entertainment facilities.
The ‘Dubai Design District’, located adjacent to the Business Bay area, will aim to become a full service commercial hub for the industry.
Emaar Properties and Meraas Holding plan construction of an 11 million square metres project.
Financial details of the deal were not disclosed.
Airline to introduce the double-decker aircraft from January amidst “robust demand” for business and leisure traffic
A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.
The Dubai contractor expects a series of recent contract wins to boost its 2013 earnings.
With several high profile property launches, how can Dubai avoid another real estate crash?
Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.
Kuwait, Bahrain and the UAE also make it to the global top 10 nations with the highest density of millionaires.
Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.
Tie up with global travel wholesaler Tourico Holidays provides passengers with access to more than 36,000 hotels
The new entity, Emirates Global Aluminium, will be jointly held by Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).
The UAE’s first direct supermarket price comparison. Are you getting a fair deal?
Airline now serves both Tokyo airports and new service operates as a codeshare with Japan Airlines
The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.
The Majid Al Futtaim group planned to partly finance the $683 million acquisition of Carrefour’s stake through a hybrid bond.
The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.
Up to 25 per cent of the construction work on the Khalifa Al Tajer Mosque has been completed.
The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.
The move was part of an acquisition of BP assets in the North Sea agreed in 2011.
Emirates National Oil Co (ENOC) has cut the retail price to Dhs3.50 a litre.