The dollar-denominated Islamic bond is expected to be benchmark-sized.
Hoteliers benefited from the month-long Dubai Shopping Festival and high in-flows of tourists, particularly from Europe
The 250-room hotel is the luxury Indian chain’s first UAE property.
Retail plays an important role in the UAE’s economic growth, accounting for 12 per cent of Dubai’s GDP over the last ten years.
With 80 per cent of Starwood’s pipeline coming from rapidly growing markets, President says it’s not possible to lead a truly global business “from a boardroom in Connecticut”
The UAE’s Ministry of Finance placed Dhs70 billion ($19.1 billion) with banks after the 2008 financial downturn.
Mohamed Al Mubarak was named the deputy chief executive and chief portfolio officer of the new entity.
Latest capacity increase means the airline’s services have grown more than five-fold since it first flew to Perth in 2002
Awqaf are believed to control tens of billions of dollars worth of assets around the Muslim world.
Al Habtoor has talks with global operator about potential projects at home and abroad
The new company, called Noor Awqaf, is being set up with a share capital of Dhs10 million.
Qatar and UAE-backed investors are expected to make what will be the largest ever bid for a football club.
Gulf Business brings you the top 10 banks in the UAE that made the largest profits last year.
Abu Dhabi investment fund Aabar has a 22 per cent stake in the Dubai-based contractor.
Emirates Nuclear Energy Corp (ENEC) was awarded a licence for the construction of the first two reactors last July.
This is the Serb’s fourth Dubai Championships win in five years.
Queues of investors have formed outside the offices of real estate developers in scenes that recall the emirate’s boom days before 2008.
The utility printed the five-year paper at par at a profit rate of three per cent.
The airline’s first such initiative for three years, it will comprise TV, print, outdoor and digital elements.
Dubai-based developer says its website received traffic from 75 countries for online registration for The Address Residence Sky View.
Salman Haider, executive managing director of hotels at MAF, said work will start at the beginning of 2014.
The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
Sultan Al Suwaidi said that a well developed local debt market would buffer the country from the next global economic crisis.
The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.
Federer dismissed Spain’s Marcel Granollers while Djokovic overcame a late stumble to beat another Spaniard Roberto Bautista.
The UAE lender made a net profit of Dhs1.15 billion in the fourth quarter of 2012.
The emirate is hoping to become a global hub for Islamic finance and other businesses based on Islamic principles.
Managing director Hasan Ismaik will replace Kamal as the new chief executive of the construction company.
American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.
The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.