The offer is rated Baa1 by Moody’s and A-plus by Fitch, and is expected to price on Wednesday.
Dubai-based hotelier says it is in talks with developer Meraas to operate the first VENU hotel in the Bluewaters Island development.
The revamped runways at Dubai International Airport are equipped with better technology that will help push up the number of arrivals an hour, an official said.
The U.S. dollar transaction, will be of benchmark size – traditionally understood to mean worth upwards of $500 million.
The project features two residential towers connected by a podium and includes 280 units.
The new centre will coordinate innovation in government entities, the Dubai ruler said.
The recently launched Montrose project incudes two residential towers and one hotel tower.
Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.
AstroLabs Dubai, which will be situated in Dubai Multi Commodities Centre Free Zone, is scheduled to open in 2015.
The expansion is expected to be the biggest airport project in the world and would take place in two phases over six to eight years.
Dangote’s current market capitalisation is about $23.7 billion, meaning ICD is taking a stake of about 1.3 per cent.
The mega project, announced earlier this year, will house the world’s largest shopping mall.
The cost of the Hassyan power plant, which is expected to come online by 2021, is anticipated to be more than $2 billion.
The first phase of the five theme park Dhs10 billion mega project is slated to open in 2016.
The company’s net profit amount for the whole of last year was Dhs3.3 billion.
The contract for infrastructure design and supervision services was given to Dar Al-Handasah.
Chester-based Stella operates five brands that provide travel services ranging from retail operations to call centres.
The malls unit’s IPO will be divided into two tranches, one for retail investors and one for institutions.
The emirate is looking to expand its smart gates programme and introduce new software systems at the airport.
The aircraft, carrying about 100 Americans from Afghanistan, was diverted to Iran because of issues with its flight plan.
Lady Gaga will perform in Dubai on September 10 as part of her artRAVE: The ARTPOP Ball show.
Reports by UK media in February alleged the group had failed to examine suspicious deals.
Males constitute 75 per cent of Dubai’s current population, indicating a gender imbalance in the emirate, a new report says.
The unit, TECOM Investments, is expected to use the proceeds for its growth plans, while some of the cash would also be diverted to its parent company.
Creditors of the company approved a plan to restructure debts worth around $2.7 billion last month.
Emaar plans to float at least 15 per cent of its shopping malls and retailing unit on Dubai’s main stock market and will list the shares in October.
DIB plans to increase its stake in Bank Panin Syariah to 40 per cent from the current 25 per cent, its CEO said.
An investment in Qantas does is not in line with the airline’s strategy, Emirates’ COO Thierry Antinori said.
Jumeirah Park Pavilion is a 10,6000 square metre retail facility and will cater to residents of the Jumeirah Park, Jumeirah Islands and Jumeirah Village communities.
Emirates is the world’s largest operator of the A380 with 51 currently flying and has a further 89 of the planes on order.