The park, spread across 34,000 square meters, is slated for completion in the first quarter of 2015.
The hotel is raising the syndicated loan to refinance existing debt and provide new funds.
The Bank of London and The Middle East plans to open an office in Dubai this year to help boost its capital markets.
Hotels in Ajman, Fujairah and the delayed resort in Abu Dhabi will open alongside new projects in Riyadh and Amman.
Air services provider dnata already owned 50 per cent of Servair Airchef in Italy.
Emirates NBD plans to meet investors on roadshows in Asia, London and the UAE.
DAMAC filed an international arbitration case against Egypt in 2011 over the conviction of its chairman and owner, Hussain Sajwani.
Brisbane passengers will soon be able to travel on the popular double-decker and Auckland will be served by three daily Emirates A380s from early October
Germany’s second-biggest carrier, almost 30 per cent-owned by Etihad, suffered a first-quarter loss before interest and tax (EBIT) of 188.4 million euros ($244.5 million).
Dubai hopes to tap into the trillion-dollar Islamic finance industry and has ambitious aspirations to become the global hub. Can it succeed?
On an annual basis, inflation edged up to a two-year high of 0.9 per cent, up from 0.6 per cent year-on-year in March.
The inaugural flight carried the code of the Dutch airliner KLM as it took off for Netherlands’ capital city on Wednesday morning.
ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
Non-oil trade grew to Dhs325.5 billion ($88.6 billion) in the first quarter from 280 billion in the same period last year.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.
The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.
The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.
Citymax COO says it would like to build up to five more Dubai hotels – if it wasn’t for the cost of land
During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.
The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
The oil and gas sector, along with banking and finance, will see wage hikes.
Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
More than three quarters of respondents believe that aims of short-term corporate profitability have led to business damaging decisions.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.