Dubai Investments is seeking to profit from a market recovery in the emirate after one of the world’s worst property crashes during the financial crisis in 2008.
An official said that the regulator continues to expect the market to open to foreign investors in the first half of next year, though no specific date has been set.
Implementation of the deal would depend on approval by related government agencies.
The plant was originally scheduled to start up in the third quarter of 2014, but was delayed due to construction delays.
The proposed figure is marginally higher than the SAR0.64 per share which the bank paid for the corresponding period of 2013.
The acquisition of Retailcorp will give Marka a network of 15 sporting goods outlets across the UAE, a statement said.
China was Dubai’s top non-oil foreign trade partner, followed by India and the US, figures revealed.
The CEO of one of the world’s largest and oldest private banks gives his insight into the evolving world of wealth management, potential acquisition targets, and his plans for the Middle East.
The officials did not specify the nature of violation that occurred during the rally.
At present, the surplus petrodollars of the world’s top oil exporter are mostly invested abroad by its central bank.
A ministry statement said the government could cover the deficit with its huge fiscal reserves, but Alassaf told media that borrowing might also be used.
Alassaf said everybody expected prices to rise eventually but there was a difference over when.
Gulf states agreed in November to end a dispute with Qatar over its promotion of “Arab Spring” revolts.
A majority of UAE’s non-resident Indians save to support their children and parents, a new study showed.
The new order will help Kuwait Airways expand its operations through the launch of new routes.
The deal is expected to give Etihad greater access to the fourth largest travel market in Europe.
In a brief statement describing discussions at the board meeting, the central bank did not elaborate on how the study would be conducted.
One bonus share would be issued for each two shares held, increasing the number of the bank’s outstanding shares to 1.5 billion from 1 billion.
The upgrade will allow the airport to handle wide body aircraft such as the A380 and the Boeing 787.
Shares in the company have not traded since July 2012, when they were suspended by the regulator after breaching rules relating to accumulated losses.
Average occupancy fell by 0.3 per cent in October compared to the same period last year, a new survey showed.
Qatar Investment Authority’s holding will total 22.8 per cent from purchasing 2.9 per cent of the company, a statement said.
The additional service will increase passenger and cargo capacity to and from Birmingham by 42 per cent, the airline said.
The company originally announced in June that the government had seized a 1.05 million square metre plot in the Al Faisaliah district of Riyadh with a book value of SAR105.3 million.
Dubai’s main index was down 0.4 per cent with trade focusing on real estate developers.
Saudi Arabia will continue spending actively on major strategic projects such as housing, transport and the construction of industrial cities, a newspaper said.
Naimi also said the Saudis might boost output instead to grow their market share and that oil “may not” trade at $100 again.
More than two million pounds ($3.12 million) will be invested in eight key races at the south of England track, as per the deal.
The country’s current-account surplus will remain the world’s fourth-largest by the end of 2014 even after oil’s decline, economists say.
OPEC met on November 27 and declined to cut production despite a slide in prices, marking a shift in strategy towards defending market share rather than supporting prices.