The plant will be commissioned between 2016 and 2017, a senior official said.
The substation, which has a capacity of 150 megavolt ampere (MVA), was built at the cost of Dhs86 million.
Only 16.18 per cent of the firm is currently held by non-Qatari investors, according to bourse data.
The windy city will shortly will be served by all three Gulf carriers and becomes Emirates’ ninth US gateway
Regional loyalty marketing is slowly becoming more sophisticated, says the general manager of loyalty company ICLP.
The investment firm made a net profit of $5.2 million in the three months to December 31.
The Dubai developer announced earlier this year that it would repay Dhs4 billion of its bank debt in 2014, ahead of maturity in September 2015.
Al Khalidiyah Mall has launched a new 3D cinema and a bowling alley in addition to opening new international branded stores.
Trade missions designed to foster opportunities across food & beverage, agriculture, education, urban design, marine and fashion
The country is mulling the imposition of tax on companies, Sheikh Hamdan cofirmed.
The sizes of the stake and details of the nature of the alliance have not been disclosed.
Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.
Secretive company managements, poor disclosure mechanisms and patchy enforcement of disclosure rules mean information is scarce in Gulf markets.
Under secretary for political affairs Wendy Sherman will travel to Abu Dhabi, Riyadh and Jerusalem next week for consultations with respective governments.
The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.
The loan will finance the delivery of the next 17 aircraft on order for the carrier.
Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.
Accor is tapping into region-wide demand for long-stay accommodation
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.
The branded credit and debit cards will introduce a new rewards programme for users.
The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
The telecom operator currently claims 46.4 per cent of mobile subscribers in the UAE.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
Patrick Delivanis replaces Klaus Froehlich, who is relocating to Frankfurt for a senior investment banking role.
Saudi Arabia’s Kingdom Tower, which is 173 metres taller than Dubai’s Burj Khalifa, is slated for completion in 2018.
GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.
The Dubai-based mall is undergoing a massive Dhs1 billion redevelopment programme.
Du’s new loan will replace two existing debt facilities.