The institute will focus on skills development and research capabilities as Dubai targets becoming a ‘Smart City’.
The fund aims to issue an Islamic bond with a six year lifespan and a conventional bond offering of 10 years duration.
Dubai’s ruler Sheikh Mohammed launched the first project under the emirate’s Brand Dubai initiative.
The developer said that booked sales more than doubled year-on-year to $864 million in the first quarter.
The country’s manufacturing and hospitality sector have seen immense growth
Although over supply fears are uncalled for, average Dubai room rates need to decrease, industry experts say.
The Asian country has become an important gateway hub for the Dubai-based carrier.
Implementation of the federal mortgage cap seems to be most effective in cooling prices, real estate consultancy Cluttons says.
Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, in a deal which valued the firm at 850 million euros.
The move is expected to make closing prices more predictable and eliminate large last-minute swings, the bourse said.
The firm made a net profit of Dhs45.7 million ($12.4 million) in the first three months of 2014.
The 372-room hotel at Ibn Battuta Mall is scheduled to open in 2016.
Shuaa made a profit of Dhs8.2 million ($2.23 million) in the three months to March 31, according to a bourse statement.
The second phase of the project is scheduled to be completed by 2016, RTA chairman Mattar Al Tayer said.
The expansion will see an addition of 4,300 hotels rooms over the next three years, state news agency WAM reported.
The fund had revenue of Dhs91.2 billion ($24.8 billion) for the six months ending June 30, 2013, compared with Dhs77.3 billion in the same period in 2012.
Abbas Yazdi, a businessman who owns a general trading company in Dubai, disappeared last June.
The company plans to add budget hotels to meet growing demand
Up to 25 per cent of the carrier’s fleet will be grounded during the 80-day runway closure.
Emirates made a profit of Dhs3.3 billion for the fiscal year ending March 31, it said in a statement.
The emirate is also mulling a law that would mandate the private sector to develop green areas in the city, a senior municipality official said.
The Dubai-based contractor said is planning a series of acquisitions and mergers.
The budget hotel rooms span 26 sqm, with prices around Dhs300 a night
The group will launch four new projects in the UAE and Saudi Arabia by 2015, officials said.
The hotelier is currently mulling six projects in Dubai, says chairman.
Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.
The company’s profits rose on the back of gains from the sale of investment properties.
The value hotel brand plans to supply over 1,750 new hotel rooms and serviced residences.
State-linked firms are likely to repay obligations ahead of schedule.
IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.