The Dubai residential bubble has “deflated,” with transaction prices expected to fall up to 10 per cent this year, says JLL.
Authorities have forecast that 79 million passengers will travel through Dubai International Airport in 2015.
The bank reported a net profit of Dhs436 million ($118.7 million) in the last quarter of 2014.
The retail group said that it aims to double the size of its business within the next five years.
Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.
A stake of between 20 per cent and 40 per cent could be sold, according to three sources with knowledge of the sale.
Tawreeq Holdings developed the concept over the past year and a half, aiming to give smaller firms a funding alternative to bank loans.
An aviation official and a security official told Reuters that two passengers were lightly injured but the airline has denied such reports.
The airline is partnering with a number of government organisations and educational institutions to recruit UAE nationals.
The fair oil price will be one that balances supply and demand, the chief executive said.
US President Barack Obama will fly a 30-member delegation to Riyadh on Tuesday.
The regulator is expected to issue a final version of regulations covering the opening “very soon”.
The draft budget for the year starting in April envisages spending of KD19.07 billion, down by 17.8 per cent.
Economy and Planning Minister Muhammad al-Jasser said economic reforms would continue under Saudi’s new king, Salman.
Qatar Petroleum International was formed in 2007 as the foreign investment arm of the firm.
Emaar Misr has a portfolio of investments in Egypt worth around 53 billion pounds.
Masraf Al Rayan said its net profit for 2014 was QAR2 billion, up 17.6 per cent year-on-year.
Unnamed claimants filed a lawsuit against Zain over its 2007 acquisition of an Iraqi telecom operator.
Should it buy the permitted number of shares, Aabar’s stake would rise to 37.27 per cent.
Dropping oil prices are anticipated to lead to a slowdown in rents and property prices this year, says JLL report.
Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.
King Salman has retained veteran Saudi oil minister Ali al-Naimi, in a message aimed at calming a jittery energy market.
Under new rules, set to be unveiled in February, it is proposed that rent increases will only allowed at contract renewal.
The desert resort ranked eighth among the world’s top 25 hotels as decided by TripAdvisor’s annual Travellers’ Choice awards.
Yemen is at risk of breaking up with the ascent of the Houthi movement.
The consortium, led by Canada-based CPCS Transcom International Limited, will start the study this month.
Sultan bin Saeed al-Mansouri, speaking with Brent crude at about $48 per barrel, did not elaborate on why he expected the recovery.
Three Abu Dhabi firms have listed in London since 2013: Al Noor Hospitals, Gulf Marine Services and NMC Health.
Brent crude traded just above $48 per barrel as Greece’s election results put pressure on oil and global equities.
The maintenance is not expected to have any effect on the local market, ORPIC’s CEO said.