Work on the project is slated to be completed by 2018, officials said.
MilleMiglia is Italy’s largest frequent flyer programme, with 4.6 million existing members and more than 20,000 new members a month.
Alain Bejjani, currently chief corporate development and brand officer, has been appointed as the group’s new chief executive.
Suhail Mohammed Al Mazroui told the Federal National Council that the government has submitted a proposal to the cabinet that will enable consumers to benefit from lower oil prices.
Massar will postpone the initial public offering (IPO) until oil prices are more stable, it said.
The OPPO R5, priced at Dhs1,899, measures 4.85mm and comes with a 13MP camera.
The capital has seen a rise in demand for affordable properties over the last 12 months as cost of living surged, CBRE said in a report.
The company will close its Qatar plants for a total of 158 days in the first three months of the year, compared to 292 days of closures in 2014.
The Indian jewellery retailer currently operates nine outlets in the UAE and three in Kuwait.
NBAD is the first official market maker in the Gulf region, the chief executive of Abu Dhabi Stock Exchange said.
Net profit for the full year of 2014 rose to QAR1.4 billion, up from QAR677 million the year before, it said in a statement.
The seasonally adjusted HSBC UAE Purchasing Managers’ Index was 59.3 points last month against 58.4 in December.
Gross volumes totalled 60 million 20-foot equivalent units (TEU) in 2014, driven by new developments in Britain and Brazil.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers’ Index was 57.8 points in January against 57.9 in December.
Both contracts are for construction of residential villas in Dubai to be delivered in 2016, the company said.
The airline is “in the final stages of deliberations” about whether to withdraw the three daily services, a source said.
Cameron said that Saudi is a valuable partner of the West in the region and has helped in the fight against terrorism.
An important area for 2015 will be new technology and the development of Dubai’s smart economy, writes Buamim.
DFM’s full-year profit rose 167 per cent to Dhs759.3 million.
The rules clarify policyholders’ rights and setting investment limits for the sector.
A member of Federal National Council is expected to take up the issue of high fuel costs in the UAE in the backdrop of crude prices.
Prices are expected to fall thanks to increased property sales taxes, stricter mortgage rules and a lack of affordability.
The credit card offers users between three to seven per cent goldback on purchases made locally and internationally.
At full capacity, Al Reef is expected to refine 3,000 tonnes of sugar a day, and plans to export two thirds of its production.
National Bank of Abu Dhabi will meet investors in Asia and Europe, it said.
The Bahrain-based channel said that programming ceased because of “technical and administrative reasons”.
Gulf Marketing Group, the parent firm of Sun & Sand Sports, said that it will create up to 1,000 jobs across its brands in 2015.
Damac’s 2014 full-year profit was $937 million, up from $641.5 million in 2013, the company said.
The firm is best known in the global space for listing luxury goods brands, such as Gucci and Tiffany & Co, but has been increasingly branching out into other sectors.
The airline said that it transported around 74 per cent of the 19.9 million passengers who travelled through Abu Dhabi International Airport last year.