The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.
Arabtec is trying to evolve from a local contractor into a multinational development company as its finances are boosted by a recovery in Dubai’s property market.
Burdett joins from Australia and New Zealand Banking Group, where he was finance head of its international and institutional banking business.
The former monopoly made a net profit of 14.5 million dinars ($38.46 million) in the three months to March 31.
The company had earlier proposed a cash dividend of Dhs0.1 ($0.03) per share plus bonus shares worth 30 per cent of its share capital.
The contractor has won a series of deals in the region recently, including the development of Abu Dhabi’s main airport and the building of a Louvre Museum.
Heritage said that it was recommending a 320 pence per share cash offer, which represented a 25 per cent premium to its closing price the day before the approach was announced.
Guest numbers in the emirate’s hotels and hotel apartments soared 32 per cent in Q1 2014, authorities say.
The newly launched airport is expected to see a surge in traffic as Dubai International closes for a runway upgrade.
The developer said its profit for the three months to March 31 was 265.1 million riyals ($72.8 million), up from 158.5 million riyals in the same period of 2013.
Ten airlines are now operating out of the $17 billion facility and all others will switch by May 27
The firm made a net profit of 8.8 million rials ($22.86 million) in the three months to March 31, a statement said.
The Russian Direct Investment Fund (RDIF) said it had signed a deal with Bahraini sovereign wealth fund to identify and work together on investment opportunities in their countries.
Bahrain’s official news agency did not name the five but said they had confessed to the plot.
The transaction was formally launched to price at 115 basis points over midswaps, a document from the lead banks said.
Dubai carrier targets premium business traffic to and from the EU capital
High demand for the offering has helped MAF reduce the prospective cost of its borrowing.
The project was designed by award-winning architects Rafael Vinolycovers and developed by state-owned investment company Mubadala.
Cyber security company Secunia found that 17.4 per cent of users had unpatched versions of WinXP, Win7, Win8 or Windows Vista.
NBAD, 70 per cent owned by the Abu Dhabi government, has been realigning its business under new chief executive Alex Thursby, who took charge last summer.
The agreement includes codesharing, frequent flyer reciprocity, airport lounge access, air pass agreements and cargo cooperation between two airlines.
The 60,000 seat venue has taken 14 months to construct.
The company’s first quarter growth was mainly driven by higher net sales and an overall improvement in margins.
The company’s net profit fell to 3.70 million rials ($9.61 million) in the first quarter of the year compared to 6.94 million rials in the same period of 2013.
The UAE concession system allows oil producers to acquire equity in hydrocarbon resources from the country, with ADNOC usually holding a 60 per cent stake in each joint venture.
Sheikh Saud bin Saqr al-Qasimi, a member of the ruling family of Ras Al Khaimah, has agreed to sell 250 million shares in the company, a bourse statement said.
The bank earned a net profit of 548 million riyals ($150.5 million) for the opening three months of 2014.
The document said the weightings of eight stocks would be reduced “as they may pose accessibility issues to international institutional investors”.
The company filed a compensation claim on Monday for what it said was damage to its media business inflicted by Cairo’s military-backed rulers.
NBAD’s chief executive said fierce competition combined with global interest rate pressure was starting to drive down the profitability of lending.