The asset sale is part of the Dubai Group’s $6 billion restructuring process, said officials.
The contractor also replaced its chief executive as part of a shakeup driven by investment fund Aabar, its largest shareholder.
Federer dismissed Spain’s Marcel Granollers while Djokovic overcame a late stumble to beat another Spaniard Roberto Bautista.
The emirate is hoping to become a global hub for Islamic finance and other businesses based on Islamic principles.
Managing director Hasan Ismaik will replace Kamal as the new chief executive of the construction company.
American fashion house will open a Hollister store in Mall of the Emirates in Q3 of this year.
The carrier has lost its traffic rights allowing it to fly 21 times a week into the UAE.
Novak Djokovic extends his unbeaten run to 14 matches.
The GIL 2013 event in Dubai highlighted the importance of visionary innovation and megatrends in business.
DEWA CEO Saeed Mohammed al-Tayer indicated last week that the sukuk would be $1 billion.
Traffic rose to 5.56 million passengers from 4.85 million a year ago with freight volume also up.
Investment Corporation of Dubai, which controls some of Dubai’s top companies, expects to complete a deal this year.
The Dubai developer’s shares jumped 4.6 per cent to hit Dhs5.15, its highest close since November 2008.
The Czech claimed her 10th tour victory with the win over Sara Errani on Saturday.
The real estate firm recorded improved sales in established communities such as Downtown Dubai and Dubai Marina.
Dubai opens its boat show as survey reveals 60 per cent of world’s top 100 superyachts are in the Middle East.
The developer is showcasing its Dubai-based properties to Indian investors.
The contract covers building the hotel as well as maintaining its development for one year.
Move provides Emirates with an avenue for growth beyond Manila and travellers with more flying options
A sharp camera and enhanced connectivity are among the model’s attributes
Airline says no upper deck doors opened mid-flight, nor was there any loss in cabin pressure
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.
Negin Fattahi-Dasmal, founder and CEO of The Grooming Company, explains the success behind the region’s first male-only grooming parlour.
The emirate is sensitive to the issue given its geographical positioning to countries targeted by sanctions.
The emirate has announced plans to build a Dhs6 billion island project that will include the world’ largest ferris wheel.
Bluewaters Island development will include the world’s largest ferris wheel.
HH Sheikh Ahmed reveals Dubai’s new Al Maktoum International airport is to be inaugurated in October this year.
Chief executive Abdulaziz Al Ghurairis optimistic about the bank’s performance this year.
The announcement marked a rare public appearance from the chairman of DAMAC, Hussain Sajwani.
Dubai’s ruler Sheikh Mohammed addressed a range of topics during the inauguration of the government summit in Dubai.