The annual shopping festival, running from January 1- February 1, is celebrating its 20th edition this year.
The decrease in oil prices has not had an impact on electricity generation in Dubai, said Saeed Al Tayer.
A Tier 1 capital-boosting bond was its preferred method, the bank said.
Alderman Alan Yarrow will visit Abu Dhabi and Dubai during his trip next week, part of wider 12-day GCC visit.
Air traffic in the GCC is expected to grow by six per cent over the next few years, a top industry official said.
The closure of the facility in Ras Al Khair belonging to Ma’aden Phosphate Company will have no significant financial impact.
Mobily made a net loss of SAR2.28 billion ($607.1 million) in the last quarter of 2014.
The minister said that OPEC’s policy might temporarily force high-cost producers out of the market but they would eventually come back.
The company has yet to make a quarterly profit since launching services in 2008.
The company attributed the fall to losses in financial investments, higher operating expenses and finance charges.
Ali al-Omair also said the Kuwait’s budget for the next fiscal year was expected to be based on an average oil price of $40 to $45.
Abengoa will jointly develop the project with AWT, the commercial arm of King Abdulaziz City of Science & Technology.
Al Mansouri was previously director general of the UAE mGovernment and the deputy director general of the TRA.
Emaar Properties owns 84.6 per cent of EMG, having floated 15.4 per cent of its subsidiary last September.
GDP, adjusted for inflation, grew two per cent from Q4 2013, down from 2.4 per cent in the third quarter.
Renewable energy targets have been revised to 2.3 per cent by 2017 and 15 per cent by 2030.
Although the developer recorded a slowdown in sales during the second half of 2014, prices have stayed the same, says chairman.
The firm is seeking a three-month extension to a debt repayment due at the end of 2014.
Lower oil prices are not affecting Oman’s upstream strategy, and there is no change in its 2015 energy plans, the minister said.
The company made a net profit of Dhs3.68 billion ($1 billion) in 2014, up from Dhs2.57 billion in 2013, its chairman said.
The new loan also has more favourable pricing and conditions than the existing deal.
Oil minister Ali al-Omair said that Kuwait would nevertheless continue developing its production and refining capacity.
Reef Towers will comprise of 378 units and seven retail units, the developer said.
The bank said that it would seek shareholder approval to issue Tier 1 capital instruments worth $549 million.
The bank declared a cash dividend of QAR4 per share for 2014.
Kingdom made a net profit of SAR266 million ($70.84 million) in the last quarter of 2014.
Etihad is in the process of buying a 33.3 per cent stake in Darwin, which has already rebranded itself Etihad Regional.
Rajab took a leading role in Shi’ite-led demonstrations in Bahrain in 2011 that demanded reforms.
The company reported a net profit of SAR376 million for the last quarter of 2014.
The loan is expected to help fund the company’s general corporate needs and growth plans, the company said in a statement.