Emirates NBD’s offer was highest in a second round of bidding that took place in December.
The Abu Dhabi-based airline is about to buy a stake in either Jet Airways or rival Kingfisher Airlines.
Exclusive: Tony Douglas, boss of ADPC, said the newly opened Khalifa Port will mop up Mina Zayed’s traffic and benefit from rising MENA trade.
Take a look at the new Concourse A inside Terminal 3 of Dubai International.
Yas Waterworld Abu Dhabi is set to open its doors to the public in the New Year.
A look at the new 500,000sqm Concourse A that has the capacity to handle 15 million passengers a year.
The five-star resort will see its 446 rooms and F&B outlets refurbished.
The new concourse A at Terminal 3 was tested by 1,000 volunteers.
Interest in deals is up say experts, but closing deals is still lacking as billions of dollars in dry powder lies waiting.
Following complaints from several banks, requirements on liquid assets have been postponed.
The developer has announced its first major project since 2008 with a 53-storey tower in Downtown Dubai.
The Abu Dhabi-funded club reports record revenue as Etihad-influenced commercial revenue doubles.
The British oil company was originally excluded from the process after not receiving a qualifying letter.
The contract is to build the third phase of the Jabal Omar development in Mecca.
The additional widebody planes will help serve the carrier’s ongoing network expansion
Gangnam Style tops Google’s list of the search terms that saw highest amount of traffic in 2012 in the UAE.
Traffic in the regional business aviation sector has risen 12 per cent in the past year.
The investment firm owns 42 per cent of Oman National Investment Corp Holding.
The iPad 4 and iPhone 5 are also both going on sale over the same two-day period.
The Al Ghurair group owns half of Ras Lanuf, Libya’s biggest refinery.
Local distributors say they have been receiving numerous queries for Apple’s latest smartphone.
Expert at the Global Entrepreneurship Summit says SMEs should focus on ‘boring businesses’.
Dubai World Central is set to become the new hub for business aviation.
The Al Maktoum International airport was originally due to open for passenger traffic in March last year.
Experts at the Global Entrepreneurship Summit say MENA businesses must look beyond their borders.
Members of the Dubai royal family and a message from Barack Obama open the two-day event.
The UAE telecoms operator will officially launch Apple’s much-anticipated smartphone at 12 am on December 13.
National Bank of Abu Dhabi aims to be in 41 countries by 2021, compared with 14 right now, said a senior manager.
The gas producer defaulted on its $920 million sukuk that matured on October 31.
The deal is worth an estimated $550.3 million, according to Indian press reports.