Ian Larkin of Lloyds will replace Graham Honeybill, who will become a non-executive director.
The three-year revolving credit facility attracted a total of 19 international lenders and replaces a $2.5 billion loan agreed in 2010.
With $16 million sales per day, is Dubai Duty Free’s success about being in the right place at the right time or a shrewd business strategy?
The UAE withdrew its visa waiver for Canadian citizens more than two years ago amid a dispute over landing rights.
The Swedish burger chain recently opened its first store outside Scandinavia in Dubai.
The airport retailer recorded sales of Dhs1.6 billion in the first three months of the year.
Dubai’s second airport will operate five runways and have a capacity of 160 million passengers a year.
Alex Thursby succeeds Michael Tomalin who after 14 years at the helm will remain in a non-executive director’s role.
The IPO plan is reportedly at an initial stage and it is not clear whether the listing will be in Dubai.
Emirates President Tim Clark highlighted the importance of Dubai as a trading hub at last night’s gala dinner.
A strategic guide for all the development initiatives in the Western Region has been devised under a framework called Al Gharbia 2030.
The Abu Dhabi carrier will also open a $6.8 million premium lounge this week in Terminal A at Dulles Airport for first and business class passengers
The lender chose Abu Dhabi-based Al Hilal Bank, HSBC, Kuwait’s Liquidity Management House and Standard Chartered.
GFH Capital is bringing in additional investors to develop the English soccer club.
Despite official safety claims, 43 per cent of the UAE’s residents still say they have never taken part in a fire drill, finds new survey by Honeywell.
The Dubai airline’s long-term strategy “embraces opportunity,” states Emirates president Tim Clark.
Gulf Capital owns stake in firms such as healthcare chain Techno Scan and water engineering firm Metito Holdings.
The tandem flight is believed to be the first time two commercial A380s have flown together in formation.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
DHCOG posted a net profit of Dhs1.2 billion ($326.71 million) for 2012, compared with profit of Dhs204 million in 2011.
The issue was three and a half times oversubscribed with more than 160 orders received from regional and international investors.
Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.
The company also said that it’s on track to complete its sukuk refinancing in the second quarter of the year.
Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.
Start-ups are sprouting up across the country and speedily gaining access to investor support.
Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.
Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.
Phase one of the serviced apartments are all gone with phase two to go on sale in April.
The bank has given initial approval to a proposal by the country’s commercial banks on setting limits for residential mortgage loans.
This is the UAE’s first state visit to the United Kingdom since 1989.