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.
A banking source aware of the talks said that Meraas was looking to ‘front-load’ its debt plans so that it raised as much cash before construction began on its projects.
Following a series of investor meetings, ENBD aims to complete a U.S. dollar-denominated bond offering of benchmark size, one of the sources said.
Shares in Emaar, the biggest listed developer in Dubai, surged 6.7 per cent on strong volume and dominated trading in the emirate.
The move is part of a large-scale redevelopment plan which includes reforming the mall’s exterior and adding more retail brands.
Emaar, the emirate’s largest listed developer, which surged 8.8 per cent to Dhs11.15, its highest close since March 2008.
Nick Peel joins the start-up firm having previously worked at British retailer McArthurGlen as well as soccer clubs Arsenal and Rangers.
The project will connect 17 locations with the main transmission lines to increase water flow and ensure reliable supply.
The project consists of three towers, out of which two are residential buildings while the other will comprise of hotel apartments, the developer said.
Dubai International cut back flights by about 26 per cent for 80 days from May 1 as both its runways were upgraded.
Called ‘One at Palm Jumeirah’, the luxury project will be designed by international architects.
Emaar’s shares rose 5.4 per cent to Dhs10.80 today, bringing their year-to-date gains to 56 per cent.
Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.
The public declaration is a motivational approach unique to the UAE, which invokes honour, the backbone quality of the region, writes the author of ’10 Tips For Leadership In The Middle East’.
The budget airline announced that it will begin services to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda.
Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.
The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.
Exclusive: The UAE has seen a flight to safety of wealth from conflict-ridden areas in the region, says Emirates NBD CEO Shayne Nelson.