The firm sold off its 100 per cent stake in the hotel to a UAE-based investment firm for $95 million.
After a two-hour closure, all diverted flights have proceeded to Abu Dhabi and delayed outbound flights have begun departing, a statement said.
Dubai’s index fell 0.7 per cent after jumping 2.6 percent on Sunday.
The announcement follows a previous declaration of January 1 being a paid holiday for all employees in the Emirates.
Etihad Airways diverted 15 inbound flights to five other airports in the region including Dubai World Central and Muscat.
The sell off is part of the company’s efforts to focus on its core business strategy of tile-making, a statement said.
Dubai Investments is seeking to profit from a market recovery in the emirate after one of the world’s worst property crashes during the financial crisis in 2008.
The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.
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A majority of UAE’s non-resident Indians save to support their children and parents, a new study showed.
The deal is expected to give Etihad greater access to the fourth largest travel market in Europe.
In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted.
The upgrade will allow the airport to handle wide body aircraft such as the A380 and the Boeing 787.
Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.
The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
The study also showed an increase in the time spent viewing content on smartphones and tablets.
The German brand, famous for its roast chicken, is opening outlets in JBR and Dubai Media City.
The new service is scheduled to begin from August 1 2015, the airline said in a statement.
As the festive season nears, Gulf Business rounds up the top dining options this Christmas in Dubai.
The firm said that it would make a further announcement on its organisational structure at a later date.
Saudi Oil Minister Ali al-Naimi insisted that oil prices would improve, although it was unclear when.
The Dubai index jumped 9.9 per cent, while the main Saudi index rose 2.5 per cent.
The UAE ranks low in terms of companies’ maturity and approach towards data protection with just 34 per cent of firms considering data protection as relevant for their success.
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OPEC’s decision last month to leave its output ceiling unchanged, was followed by a fresh plunge of oil prices.
The move will boost the GCC’s tourism industry, helping sectors such as aviation and hospitality.
Experts say that Dubai real estate would not be able to escape a temporary impact from cheaper oil but noted that the economy is well diversified to sustain the lull in oil prices.
Mazroui said the recent decision of OPEC to retain its production was correct, citing irresponsible supply from other producers for the recent fall in oil prices.