Dubai overtakes Heathrow as top international airport

Last Updated: Wednesday, January 28, 2015, 00:27

Dubai airport has soared ahead of London`s Heathrow, riding a boom in long-haul flights between Asia and the West to become the world`s top international travel hub, it said Tuesday.

Gulf shares dive on oil, global stocks rout

Last Updated: Tuesday, January 6, 2015, 22:42

Stock markets in the energy-rich Gulf states nosedived on Tuesday as oil prices slumped and global markets were dragged down by a gloomy outlook for crude.

Dubai passes first deficit-free budget since crisis

Last Updated: Saturday, January 3, 2015, 22:57

Spending is set at 9.0 percent higher, while revenues are projected to be up 11 percent.

Sobha Group signs deal with Doha Bank

Last Updated: Tuesday, December 23, 2014, 14:47

Doha Bank has successfully signed a corporate finance deal worth 500 million dirhams (USD 136 million) with Dubai's Sobha Group, with a syndicated facility of 800 million dirhams for the Sobha Hartland project.

Money laundering, terror finance in focus at Dubai conference

Last Updated: Monday, December 22, 2014, 14:12

The aim of the conference, organised here by the Foreign Exchange and Remittance Group (FERG) last week, was to discuss new and sophisticated Anti Money Laundering (AML) measures, set out best practices to combat frauds and highlight new risks and fraudulent methods being discovered in the industry.

OPEC chief says no target price, but oil slide beyond fundamentals

Last Updated: Sunday, December 14, 2014, 19:05

The head of OPEC said on Sunday the group had no target price for oil, signalling no change to a policy to maintain production levels which has contributed to sharp falls in the price of crude, unnerving global markets.

Dubai show to highlight 'luxury' facet of India to Arabs

Last Updated: Monday, December 1, 2014, 15:52

India's fastest-growing luxury segments from different domains will organise an exclusive two-day trade show here this week, aimed at promoting the country's lesser-known 'luxury' facets in the Arab region.

Dubai to invest $32-bn to build world's largest airport

Last Updated: Sunday, November 30, 2014, 15:01

The proposed new airport will become the world's largest aviation facility on completion and will have five runways which all will be simultaneously operational.

Indians, British make bulk of purchases in Dubai property

Last Updated: Saturday, February 1, 2014, 20:29

The overall number of transacted properties in the emirate last year was valued at USD 64 billion.

India is Dubai International Airport's largest destination

Last Updated: Friday, January 31, 2014, 17:02

India has retained its position as largest destination country for Dubai International Airport in 2013, according to a report.

Businessman was in touch with bookies, hawala dealers, says police

Last Updated: Thursday, January 30, 2014, 21:59

Rajesh Kalra, who owned a major portion of the looted cash in Lajpat Nagar heist, was in constant touch with hawala dealers in Dubai and cricket bookies in Mumbai and London.

Lajpat Nagar heist: Cops likely to contact Mumbai police over businessman`s hawala, Dubai links

Last Updated: Thursday, January 30, 2014, 21:22

Delhi Police may contact Mumbai Police to trace hawala trail and source of the money robbed in the Lajpat Nagar heist with suspicions now arising over businessman Rajesh Kalra`s alleged Dubai links.