The deal, expected to be in place by the end of 2014, will intensify competition between the two telcos in the UAE.
The emirate came closely behind London, and significantly ahead of New York, Moscow and Shanghai
Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.
MERS was identified in 2012 in Saudi Arabia, and has infected a total of 565 people in the Kingdom.
Hasan Ismaik, who took charge early last year, previous held an 8.03 per cent stake in Arabtec.
The deadly new virus has killed 186 people in Saudi Arabia.
The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.
Bahrain’s decision could influence regulators in other Gulf states such as the UAE and Qatar that have not yet clarified their stance.
Out of 190,185 mobile number porting requests received, only 55,555 were successfully transferred, the UAE’s telecom regulator said.
Scottish passengers and companies now have better access to Asian and Australasian markets
The Dubai carrier will also deploy larger Boeing 777 aircraft to Delhi and Hyderabad
The three-year contract has the potential to supply up to around two billion cubic meters over its term.
Zanzibar Telecom, which uses the brand name Zantel, has struggled against larger rivals Vodacom and Bharti Airtel.
This is the second time in a week that the death penalty has been imposed on a man involved in unrest in Qatif.
The regulator also granted Samena a waiver in relation to the price it was paying for the RAK Ceramics shares.
The Dubai-based contractor will provide MEP services for the Plaza View project, a mixed-use development.
The move is in line with the UAE’s Vision 2021, which calls for an effective dispute settlement mechanism to attract more business to the region.
The 372-room hotel is part of the developer’s 28,000 square metre expansion of the Ibn Battuta mall complex.
Airline’s website shows double-decker’s launch has been put back until July 1
The Bulgari Hotel, located off the coast of Jumeirah Beach Road, will comprise 100 rooms and suites.
Qatar’s national airline shifted operations to the much-delayed Hamad International Airport in Doha on May 27.
The project is intended to increase the quantity of water flow and ensure continuity of supply for current and future projects in Dubai.
Vodafone made an annual loss of QAR246 million in the 12 months to March 31.
In the first two weeks of the month, the daily number of new cases in Saudi Arabia averaged nearly 11, but since May 14 the average number of new infections has slowed.
UAE contractors United Engineering Construction and Actco General Contracting Company win contract to build the new complex, located in Palm Jumeirah.
A separate document from lead arrangers showed Etisalat chose Deutsche Bank, Goldman Sachs, HSBC and Royal Bank of Scotland to arrange the offering.
Passenger traffic through Dubai’s main airport reached 6.16 million in April, the airport operator said.
Most of MERS cases in the UAE were found in Abu Dhabi and Al Ain, according to official reports.
Etisalat and rival du have been unable to reach an agreement over network-sharing in the UAE despite beginning talks in 2009.
Kuwait has projects worth more than $72.8 billion expected in 2014, says CEO.