Dubai Holding also has no plans to raise cash at the parent level as it seeks to reduce its debts, its chief executive said.
The emirate’s smart city agenda will help it rise on the happiness index, said Ahmed Bin Byat, CEO of conglomerate Dubai Holding.
Combined cargo volumes at Dubai International Airport and Al Maktoum International rose to 3.13 million tonnes last year from 2.65 million tonnes in 2013.
ADNOC holds a 70 per cent share in the fields development venture, while Occidental holds 30 per cent, a statement said.
The contracts were awarded to a consortium involving Italy’s Maire Tecnimont and Greece’s Archirodon, Spain’s Tecnicas Reunidas, and the UAE’ National Petroleum Construction Co.
Luxury operator’s resort, its second property in the UAE capital, set to open on Saadiyat Island
The deal, worth $9.5 million, marks Julphar’s entry into Bangladesh and is part of its expansion in Asia.
The Dubai-based bank is marketing the Australian dollar- denominated seven-year notes to yield about 225 basis points above the swap rate, a document from leads showed.
Diamond prices weakened late last year, partly due to the closure of Antwerp Diamond Bank in October squeezing liquidity for manufacturers.
The UAE had earlier suspended flights as part of the U.S.-led coalition conducting air strikes against ISIL.
Oil revenues currently contribute 30 per cent to the UAE’s overall GDP.
The company made a net profit of BHD34.6 million in the three months to December 31, up from BHD13.7 million in the prior-year period, it said in an emailed statement.
Bahrain’s statement was the first official comment since the new Alarab channel was shut down.
Barclays Bank and HSBC will act as coordinators for the loan.
The country has diversified into sectors such as clean energy and industry, said Sheikh Mohamed Bin Zayed.
BP and Shell were asked to raise their signing bonus, a source told Reuters, in line with France’s Total, which has already renewed its concession.
Fahad al-Mubarak gave no indication that the government actually planned concrete action.
Schwab advised governments to focus on developing skill sets and creating more public/private partnerships.
Okandan, who is also CFO of Mobily’s biggest shareholder, UAE-based Etisalat, took temporary charge in late November.
The bank announced the plan on Monday after reporting full-year net profit of SAR826 million, up 10.1 per cent.
Damac reported a fourth-quarter net profit of $249.8 million, up 11 per cent from the year-ago period.
KFH’s net profit for the three months to the end of December was KD36.4 million ($123.2 million).
In November, the project’s tender committee said a consortium of Kharafi National and Turkey’s Limak Holding had submitted the lowest bid for the contract.
The airline carried 6.5 million passengers in 2014, almost double the 3.3 million which it carried in 2013.
Charles embarked on a six-day tour of the Middle East this weekend.
Traders attributed the spot market volatility to the plunge of the Saudi stock market, which sank more than 35 per cent between September and mid-December.
The proposal is subject to approval by the bank’s annual general assembly on February 25.
The company, which manufactures beverage brands such as Rani and Barbican, said that it achieved double-digit growth last year.
The airline’s total revenue for the third quarter of the fiscal year 2015 rose nine per cent to reach $875 million.
The emirate fell from the third spot last year to the 13th position on this year’s annual City Momentum Index, released by JLL.