Banks who violate the new rule should be fined and suspended, says Abdulaziz al-Ghurair, head of the UAE Banks Federation
As part of an official UAE visit, David Cameron also visited Dubai World Central, the venue of the Dubai Airshow.
The roughly $16 billion order, is expected to include around 50 of the European planemaker’s long-haul A350.
Henrik Stenson fired a five-under 67 in the third round of the $8-million championship on Saturday to retain a one-shot lead
The lender expects to obtain banking licences in China and South Korea and is also considering expanding into Indonesia and London.
The Indian businessman spoke candidly on how the regional unrest has affected the billion dollar Petrochem business.
The defending Dubai champion is seeking his first 2013 win.
HSBC’s fund will be open to firms having an annual turnover of 30 billion dirhams or more.
The carrier is expected to place a commitment for up to 150 Boeing 777X aircraft during the Airshow.
Etihad Airways, one of Virgin Australia’s shareholders, is committed to the offer and will raise its exposure via the capital raising.
Rory McIlroy won last year’s Dubai event and believes he can mount a decent defence.
The UAE and Iran both lay claim to the islands of Abu Musa and Greater and Lesser Tunb at the mouth of the Strait of Hormuz.
Emirates is expected to place an order for as many as 150 of the new 777X passenger jets.
‘Ambitious’ senior level executives are fuelling the growth of online courses, writes Dr Alan Southern, director of e-learning at the University of Liverpool.
The Dubai-based construction firm revealed a net profit rise of 137 per cent for its first nine months of the year.
The UK is the first European country to grant a visa waiver to Emiratis.
Airbus hopes the display of the Emirates Executive ACJ319 at next week’s show will lead to more sales.
Munich authorities will have weighed up the increased traffic benefits against the impact it will likely have on Lufthansa’s Dubai-Munich loads.
Swiss chain’s sixth Dubai hotel may be small but overseas-and-residential focus means potential is high.
The transaction will price at 130 basis points over the three-month London interbank offered rate.
The Abu Dhabi carrier already has the Indian cabinet’s approval.
An Aon Hewitt study finds that Emiratis in the private sector report higher levels of satisfaction than their public sector counterparts.
House prices in the emirate have jumped over 20 per cent in the last year, prompting the IMF to warn in July of the risk of another bubble forming.
The standards will not be compulsory for firms but the centre will issue sharia-compliance certificates to companies and banks meeting them.
The carrier’s marginal growth was caused in part by a cracked wings issue suffered by the A380, says aviation analyst Saj Ahmad.
GEMS has hired Morgan Stanley Inc, Credit Suisse and Abu Dhabi Islamic Bank to arrange the sale.
The Emirates Group announced figures of Dhs2.2 billion net profit for the first six months of its fiscal year.
Abu Dhabi’s stocks dropped by 0.9 per cent on Monday but Dubai fell 2.8 per cent.
The French manufacturer saw a 38 per cent sales rise in Abu Dhabi and a 33 per cent increase in Dubai.
The terminal will be able to supply the UAE with around 1.2 billion cubic feet (bcf) per day of gas.