Mubadala GE Capital was set up in 2009 as a 50:50 venture to invest globally in GE Capital-originated commercial finance assets.
Trade has been buoyed by increased ‘bellyhold’ aircraft capacity from Emirates, Qantas and Etihad Airways.
The new African fund will focus on well-managed, mid-market firms in sectors most likely to benefit from demand driven by the rapid expansion of the middle class.
Apartment and villa prices in Dubai fell marginally in the first quarter compared to Q4 2014, the report found.
Milaha said that if the merger is successful, the move would provide better financial returns and strengthen its combined business market position.
The hotel is part of a development that also includes two residential buildings, Drake said in a bourse statement.
The fund will offer between Dhs50,000 and Dhs5 million to start-ups and existing businesses in Dubai.
Discussions had begun with court officials in Shanghai confirmed DIFC Courts’ Registrar Mark Beer.
The emirate’s new 21 million sqft design district is set to include galleries, studios, workshops, boutique stores and museums, plus office and residential space.
Many global designers including Rami Al Ali, Furne One Amato and Michael Cinco are also establishing their presence in the project.
Mohamed Alabbar said there needed to be additional controls on local property companies when it came to attracting foreign investors.
NBAD has been focusing on growing its fee-paying businesses such as wealth management as it aims to offset high levels of competition in traditional banking products.
Gulf Business compares what Emirates, Etihad and Qatar Airways offer versus their counterparts in the US.
The project is currently the only residential development on Yas Island that is available for sale to expatriates.
UAE Minister Anwar Gargash has criticised Pakistan for not sending military assistance to the Saudi-led coalition fighting Yemen’s Houthi militants.
The project will extend the Red Line to the Expo 2020 site and will add 15 kilometres in length and seven stations.
The project includes the construction of 5,700 apartments, 2,200 hotel rooms, offices for 12,700 people, a shopping mall and a 200-metre tower.
The airline will deploy its two-class configured A380 from December 1, 2015 on this route, significantly increasing capacity.
The Emaar chairman has refuted allegations that his role on the board of other property companies is causing a conflict of interest.
The syndication phase was launched on Wednesday and will allow additional lenders to join in the facility.
Saudi-based Binladin is the first company to win a contract for the mega 31 million sq ft Town Square development in Dubai.
GCC states had little grounds for hoping they could build normal ties with Tehran, said the UAE’s foreign minister.
Apollo is the world’s third-largest alternative asset manager after Blackstone Group and Carlyle Group.
The second A380 service will begin from October 1, 2015, adding 945 seats per week on the route.
The first phase of the project will consist of 240 one bedroom apartments with prices starting at Dhs536,892.
The fund’s latest acquisitions include the W Hotel in Washington D.C., a majority stake in New York’s Mandarin Oriental and minority stake in One&Only Cape Town.
Apartment rates in Dubai saw a drop or gain between one and three per cent, while villa rates were largely unchanged.
The projects include a 12 million sq ft mixed used development in Deira Islands that will feature a massive mall with a glass dome.
A formal law could help develop the country’s bond market and cover any future budget deficits due to low oil prices.
Nathani will remain at the bank during his notice period and ensure a smooth transition to a successor, the lender said.