The much-delayed residential project located in Dubailand is set to deliver first 150 villas in Q2 2015.
Banks in the UAE are much stronger than they were during the financial crash of 2008, the chief executive of Dubai’s largest lender said.
Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.
The first shipment is expected to be received by March, according to sources.
The Ministry of Labour said that it will set a limit on the number of workers that each firm is permitted to transfer within a year of recruitment.
The majority of employees expect a pay rise of five per cent while only a fraction of employers are set to award that level of increase this year.
France said last June it was confident of winning a deal soon to supply fighter jets to Qatar.
The Interior Ministry accuse the al-Wefaq group of trying to undermine national security.
The developer said that it appointed five contractors to work on its master developments and hotel apartment projects.
The Dubai-based businessman confirmed that he is currently working on two Hollywood movies.
The lender said last month that it was mulling options for raising up to $300 million of capital at the earliest opportunity.
The tower is also the tallest building in Abu Dhabi and is named after Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum.
The online retailer has expanded into a marketplace, and will host sellers from around the world.
Dubai’s only utility also said it would distribute a cash dividend for the year of Dhs500 million to the government.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Abrar Khan claimed the airline refused to compensate him after losing his luggage en-route to Dubai.
The strikes were aimed at cutting off their main sources of funding, state news agency WAM said.
HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.
The Gulf state plans to deploy 120 oil and gas rigs by the start of next year, up from 80 rigs now.
Sector-wide profit growth this year is expected to drop to five or six per cent from 22 per cent in 2014.
The UAE’s president and other leaders condemned the killings and affirmed their support to Egypt in rooting out such radical groups.
The former monopoly has now posted rising profits in four of the past six quarters.
The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.
The service will begin from June 1, and raise superjumbo capacity between Dubai and Milan.
Two people have died after being affected with MERS over the last two days, prompting fresh health warnings to prevent an outbreak.
The price of Brent crude has increased by more than 30 per cent in the last four weeks.
The facility is divided into two tranches and will be used to refinance existing debts of NMC and to fund its acquisitions.
Omair said the current market surplus was less than 1.8 million barrels per day.
The first lululemon athletica store is slated to open in Dubai later this year.
The proposed cash amount, for which no timeframe was given but which is in line with what the company paid for the second half of 2013.