Metac General Contracting has won the contract to build 84 townhouses and a new retail centre within the new development.
The store is the first to open for business in the mall’s renovated North Wing.
Marriott saw occupancy rise 4.4 per cent and RevPar increase by 3.9 per cent in the Middle East and Africa region during Q2.
The state-controlled developer will repay 31 banks Dhs5.54 billion on Thursday, it said.
Dubai-based Ghantoot Road Contracting has won the contract to undertake infrastructure work in Al Furjan Phase 2.
The Kingdom’s benchmark rose for the 13th time in 15 sessions on Sunday to reach a new six-year peak.
Inspection by the ministry found that only 56 out of 44,835 establishments violated the ban.
US monetary policies, China, currency trends, volatility, earnings momentum and geopolitics will define the performance of emerging markets in the next year.
The Kingdom’s regulator announced last month that it open the $580 billion Saudi market to international institutions.
Gulf Business speaks to Ali Haidary, CEO of Sports and Entertainment Solutions.
Saudi Arabia’s upcoming Kingdom Tower, estimated to rise over a 1000 metres in height when ready, tops the list.
Funds from the loan will be used for general corporate lending purposes, it said.
The listing is expected to raise Dhs8-Dhs9 billion, making it one of the region’s largest equity offers since 2008.
Sources suggested that the new sukuk, if successful, would be used to refinance a $1 billion syndicated loan taken in May 2012.
The decline in traffic was mainly due to the upgrade work at Dubai International Airport that lasted for 80 days, the UAE’s aviation authority said.
Passenger traffic at Abu Dhabi International airport is expected to be higher still in the second half of this year, an official said.
The emirate also sent out requests for proposals for an Islamic bond deal in June.
The Dubai-based carrier is the world’s largest operator of Airbus’ A380 jets.
The sale could net RBS between $720 million and $1.1 billion, according to sources.
The fire was quickly put out and all 349 passengers and 19 crew safely disembarked at the airport.
Bahrain’s Gulf Air tops the list of the most punctual regional airlines in 2013, as compiled by Flight Stats.
Dubai ruler’s Twitter followers crossed three million while his Facebook fans amounted to two million along with a million followers in both Instagram and Google+.
The offer from a US firm comprised $2.4 billion in cash and a further $800 million subject to certain conditions.
Hand-over of the first offices to customers in Emaar Square, a commercial development in Jeddah, is scheduled for 2016.
Etihad’s flights to Basra and Baghdad will continue to operate as normal, the carrier said.
The airline said its second quarter net profit amounted to Dhs173 million ($47.1 million), up from Dhs76 million in the corresponding period in 2013.
The BRICS bank signals the end of the American financial empire and US Dollar hegemony, writes the founder and president of Nasser Saidi & Associates.
Shares of Dubai-based construction firm Arabtec’s went on a roller-coaster ride last month, taking the wider Dubai Financial Market down with it. What went wrong?
Emirates was the chief noisemaker at the recently concluded Farnborough International Airshow, confirming its ambition to be a long haul leader.
Islamic finance has developed alternative inter-bank tools, but higher interest rates are expected to boost murabaha trading, luring back western borrowers looking for cheap finance.