The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.
Gulf Air’s services to all three destinations were reduced recently due to instability in those regions.
Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.
The lender cited higher operating income – which increased 17 per cent year-on-year – for the increase in net profit.
The port, which began operating on Jan. 6, currently has an annual capacity of 1.3 million twenty-foot equivalent units.
The new Abu Dhabi – Yerevan route will offer a total of 1,088 seats per week.
Last week, Bloomberg reported private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.
Middle East travellers have spent around $2.7 million on their visa cards since the start of the tournament, the payments provider said.
Dubai’s main index climbed 2.4 per cent as shares in Arabtec jumped 5.4 per cent in early trade.
Accor’s largest regional apartment-hotel property targets long-stay guests in UAE capital.
A list of the top iftars around Dubai this Ramadan and what they charge along with their major attractions.
The development will include the world’s largest mall and a range of leisure, retail, cultural, wellness and hospitality options.
The payment will have a significant impact on earnings, the company said.
The company said rising costs had crimped its half-year profit due to a rising wage bill associated with localisation efforts.
The eight million sq ft mall will be connected to a theme park, theatres, medical tourism facilities and 100 hotels and serviced apartments.
Construction is scheduled to begin in Q4 2014, and the centre is slated to open in March 2016.
The french utility company signed a 25-year power and water purchase agreement with the Abu Dhabi Water and Electricity Company.
The explosion occurred near the village of East Eker, south of the capital Manama.
The government accused demonstrators of setting fire to tyres and garbage containers and destroying a restaurant last week.
The payment came from the proceeds of asset sales completed by the firm and follows an initial sum of $284.5 million returned in March to creditors.
The facility will pay an interest rate of 120 basis points above the London interbank offered rate (Libor).
England’s national squads will fly with the UAE carrier and the airline will benefit from a range of commercial rights
Al Arabiya said that it had obtained a video showing Iraqi soldiers in Karabala after they quit their positions on the border.
U.S President Barack Obama and Saudi Arabia’s King Abdullah agreed to consult closely on regional developments, the White House said.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index increased to 59.2 points last month from 57.0 points in May.
The company said that it cancelled the IPO due to challenging public market conditions.
Arabtec chairman assured investors on Wednesday that Aabar still considered it a long-term investment and might even raise its stake in future.
The talks with QIB faltered after the banks failed to agree a price, the sources said.
The Gulf state is planning to implement a new visa policy in 2015, under which nationals from 64 countries can receive one-month visas on arrival.
Engineering consultancies Green Energy and Energoprojekts will carry out design review and infrastructure site supervision services for the 132/11kv substations, the developer said.