Rashid Abdulla stepped down after 40 years with the company.
The project will connect 17 locations with the main transmission lines to increase water flow and ensure reliable supply.
The project consists of three towers, out of which two are residential buildings while the other will comprise of hotel apartments, the developer said.
Dubai International cut back flights by about 26 per cent for 80 days from May 1 as both its runways were upgraded.
The mobile operator did not say when it would join the bourse.
Occupancy rates across Abu Dhabi hotels also rose three per cent year-on-year in July while revenues grew by 14 per cent, official figures show.
Chinnakannan Sivasankaran, the chairman of Chennai-based Siva, filed for bankruptcy in the Seychelles after a British court in June ordered him to pay the money to Batelco’s subsidiary BMIC.
Called ‘One at Palm Jumeirah’, the luxury project will be designed by international architects.
Sipchem said in a bourse filing that the shutdown of the International Diol Co plant had started on August 29 and would last four weeks.
Located on the Samoan island of Upolu, the 550KW project was funded by UAE-Pacific Partnership Fund.
Fahad Abdulla al-Khalifa has previously worked at Qatari institutions including Qatar National Bank and the Qatar central bank.
Emaar’s shares rose 5.4 per cent to Dhs10.80 today, bringing their year-to-date gains to 56 per cent.
King Abdullah warned that terrorism could spread to the West if strong action is not taken against the growing threat posed by militants in the Middle East.
Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.
Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.
Charges against the detained rights activist Maryam al-Khawaja include insulting Bahrain’s king, and assaulting a policewoman at the airport, her mother said.
Bahrain last sold a sovereign bond in July 2013, when it completed a $1.5 billion deal with a ten-year lifespan.
The public declaration is a motivational approach unique to the UAE, which invokes honour, the backbone quality of the region, writes the author of ’10 Tips For Leadership In The Middle East’.
The Kingdom’s preferred Sunni allies have lost out to militants, and Riyadh faces its nightmare scenario of watching two key Arab states become proxies for its rival Tehran or perpetual failed states.
Families obtaining assistance from the housing scheme are to receive state-subsidised home loans or subsidised sales of land or housing units.
The budget airline announced that it will begin services to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda.
Sheikh Abdulaziz Al al-Sheikh, the highest religious authority in the country, described the creed of al Qaeda and Islamic State as Islam’s “enemy number one” in his Friday sermon.
The lender will hold roadshows in Asia, the UAE and Europe from September 4, with a Tier 1-boosting bond issue to follow, subject to market conditions.
The Gulf state released an official statement declaring its support to revive Gaza’s war torn economy.
The carrier is set to receive the first delivery of the new widebody aircraft in the fourth quarter of this year.
The confirmation comes after media reports indicated that the ministry is withdrawing the proposal to shorten working hours in the private sector.
Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.
The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.
Exclusive: The UAE has seen a flight to safety of wealth from conflict-ridden areas in the region, says Emirates NBD CEO Shayne Nelson.
Those jailed have been convicted of crimes including “breaking allegiance to the ruler”, espousing a militant ideology and manufacturing explosives.