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Abu Dhabi gives $10bn to Dubai to service debts

Abu Dhabi has given Dubai $10bn, some of which will enable Nakheel, the property arm of troubled Dubai World, to pay a $4.1bn Islamic...

Emaar Chairman hails announcement by Supreme Fiscal Committee

Following the announcement today by the Dubai Supreme Fiscal Committee that the Government of Abu Dhabi will provide US$10 billion to the Dubai...

Dubai is, and will continue to be, a strong and vibrant global financial center, Sheikh Ahmed

Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee (SFC) reassured investors, financial and trade creditors, employees, and citizens all...

Abu Dhabi gives $10 bln to Dubai, repays Nakheel bond

Statement from Sheikh Ahmed bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee The Government of Dubai, acting through the Supreme Fiscal Committee...

Foreign investors net DFM sellers by AED 46.91 mln

Non-Arab foreign investors bought shares at a total value of approx. AED 151.45 million on Dubai Financial Market (DFM) today and sold stocks amounting...

The Address Dubai Marina spa offers ultimate body and mind pampering

1.Twelve elegant treatment rooms including two couples’ rooms 2.Signature massages and facials, aromatherapy, anti-aging and anti-cellulite treatments offered The Spa at The Address Dubai Marina, the...

OPEC pumps 28.94 million barrels per day in November

The Organization of the Petroleum Exporting Countries(OPEC) crude oil production rose to 28.94 million barrels per day (b/d) in November, an increase of 50,000...

UAE local and foreign fashion students to showcase multicultural extravaganza

Annual French Fashion University Esmod fashion show to highlight UAE’s emergence as regional fashion hub Dubbed ‘Multicultural Extravaganza’, the annual fashion programme will feature the...

Diversification of economy is main pillar of UAE economy, says Al Mansouri

UAE Minister of Economy meets European Ambassadors His Excellency Sultan Al Mansouri said the UAE economy has proven its strength in dealing with the...