Atlantis the Palm will pay an initial interest rate of 5.5 per cent to raise an US$850 million syndicated loan, according to two people familiar with the deal. Read Article Atlantis the Palm raising $850m loan
Dubai World Trade Center and Abu Dhabi's Flash entertainment are seeing an increase in music concerts as the Emirates try a new beat to attract tourists.
The Life: Lakshmi Durai, the executive director of Middle Eastern operations for Royal Caribbean International based in Dubai, leads the way for women in the Middle East's travel industry. Read Article Selling the high seas dream
Rocco Forte, the luxury European hotel chain, exited its Abu Dhabi property because the location was not right for the brand, according to a senior executive with the company.
Dubai formally launched a new hotel classification system yesterday, expected to trigger a rush of improvements as owners bid to meet the new standards.
Abu Dhabi Airports Company is preparing to put out for tender bids on the next major contract on the vast Midfield Terminal after completing its first big construction milestone this week. Tender bids for Midfield Terminal
The Middle East Council of Shopping Centres, a regional trade body, is aiming to increase the number of UAE nationals working in the retail industry. Emiratis: your shops need you
The UAE Central Bank agrees a roadmap with banks plus Etisalat and du to make a wider range of financial transactions via mobile phone possible.
Blueprint to expand UAE mobile commerce
The number of Emiratis employed in government and semi-government positions in Abu Dhabi could swell four times by 2030 to 352,000, estimates an official from the emirate. Abu Dhabi faces Emiratisation challenge