The IPO is expected to be one of the largest ever in the Gulf region.
The meeting was called to inform shareholders of the details of a $2.7 billion restructuring plan.
The first phase, anticipated to include retail and hospitality elements, will be completed in three years.
The hotel, which will consist of 1,250 luxury rooms and suites, is scheduled to open by 2018 and will be located in the downtown area
The discussions were centred on re-negotiating the terms of the debt, the chief executive said without giving any further details.
The restructured loan is repayable over a period of seven years, the company said.
The government might not introduce any fees on off-plan property sales if the property market self corrects, an expert says.
Spread across 9.5 million square feet, La Mer will feature commercial, leisure, residential and hospitality components.
All the latest news from the region’s biggest property event taking place in Dubai.
Stock markets around the world closed nearly flat on Friday but a major source of uncertainty is now gone after Scotland voted ‘No’.
The 18-hole championship-standard course, ‘Trump World Golf Club Dubai’, will include a club house, restaurants and pro shop.
Al Jazeera bought Current TV for an estimated $500 million in 2013 from Al Gore.
Shayne Nelson says he is confident that the lender’s legacy problems are now finally over.
Kuwait has invested almost $18 billion in Germany.
Sohar Aluminium plans to spend $35 million over the next five years.
Bahrain has been shaken by persistent unrest since 2011.
The Saudi leadership remains mistrustful of U.S. President Barack Obama after a series of disagreements following the Arab Spring.
Saudi Tadawul Index liberalisation will usher in a new era of GCC investment, experts say.
The UAE’s amended visa policy is a step forward in Dubai’s goal of attracting 500,000 medical tourists per year by 2020.
Ever keen for a workout, COO Nitesh Seebran explains how he hopes to lift the Gold’s Gym brand to the top of the GCC fitness market.
The proceeds will be used to invest in healthcare and education assets, according to sources.
The funds would be raised through loans, the airline’s chief financial officer confirmed.
The Al Sejeel petrochemical project, one of the world’s largest mixed-feed steam crackers, was scheduled for completion in 2018.
The airline will deploy a Boeing 737-800 aircraft to operate the new service, which will begin from October 14.
The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.
Income from Mubadala’s joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.
The man called on his countrymen to attack not only the ruling family and Westerners in Saudi Arabia, but also the Kingdom’s senior Muslim clergy.
ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.
The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.