The stake was acquired from a group of investors including private equity firm Jadwa Investment.
The affiliate of Abraaj Capital is seeking to buy at least a 51 per cent stake in the Egyptian snack maker.
Dubai jumped 23 spots to rank as the 67th most expensive city in the world for expatriates.
The initial phase extends over 2 km, from the Dubai Sailing Club up to a point close to the Dubai Municipality’s Center at Umm Suqeim.
Companies are required to apply for electronic employment contracts and labour cards within 60 days of an employee joining the firm.
The firm had filed an arbitration case in London last October against the Kurdistan Regional Government (KRG), to obtain payments for products which it had delivered.
The bank made SAR1.26 billion ($336 million) in the three months ending June 30, compared with SAR1.18 billion in the same period a year earlier.
Sipchem made a profit of SAR244.6 million ($65.3 million) in the three months to June 30, up from SAR174.0 million in the prior-year period.
The bank made a profit of SAR10.28 million ($26.7 million) in the three-month period to June 30 compared to SAR8.36 million in the same period last year.
The bank said it made SAR1.95 billion ($520 million) in the three months ending June 30, compared with SAR2.12 billion in the same period a year earlier.
Al Mubarak had been serving as the deputy chief executive and chief portfolio management officer of the company since shareholders approved the merger in March 2013.
Authorities said al-Wefaq party leader Sheikh Ali Salman and his political assistant, Khalil al-Marzouq, should have obtained permission before meeting the official.
The acquisition, Investcorp’s fifth in 12 months, is expected to close following competition clearances.
The Dubai construction firm lost almost 50 per cent of its stock value after stakeholder Aabar cut its stake and former CEO Hasan Ismaik resigned.
Dubai’s property market is showing signs of overheating, but banks seem better insulated this time around, say experts.
In April, Zain revealed its Iraqi unit was being sued over the $1.2 billion acquisition of rival operator Iraqna from Egypt’s Orascom Telecom in 2007.
The sources said it was unclear whether the merger plans were permanently on hold or whether they would be revived later.
The move is expected to boost trade and business ties between the UAE and Canada.
The emirate is expected to receive around 12 million overnight international visitors in 2014, a new study says.
Dubai carrier chalks up double-decker milestone with Kuwait and Mumbai next to join the A380 network
Qatar sold the shares at 1,915 pence each as part of its portfolio management, a source said.
Both the patients are stable and are receiving necessary medical care, the Ministry of Health said.
Abu Dhabi carrier to fly to Kolkata, Madrid, Entebbe, Edinburgh, Hong Kong and Algiers next year
The agreement covers codeshare flights, loyalty programmes, airport lounges and the coordination of airport operations.
The 30-year contract involves buying the existing district cooling provider to Al Maryah Island in Abu Dhabi.
Qatar Holding is set to slash its 15 per cent stake in the owner of the London Stock Exchange by a third.
Sharjah-based Pangates supplied petroleum products to Syria from 2012 to April this year, the U.S. Treasury Department said.
Ali Salman, the leader of opposition group al-Wefaq, was summoned after he met with visiting US official Tom Malinowski.
A Qatari newspaper reported earlier this week that UAE authorities had detained three Qatari citizens who were on holiday.
Dubai’s only listed crude oil shipper said it had written off accumulated losses worth Dhs1.1 billion.