Due to the fact that the project is of “national interest”, MSM decided to build it without a partnership, it said.
The majority of employees expect a pay rise of five per cent while only a fraction of employers are set to award that level of increase this year.
The developer said that it appointed five contractors to work on its master developments and hotel apartment projects.
The Dubai-based businessman confirmed that he is currently working on two Hollywood movies.
The tower is also the tallest building in Abu Dhabi and is named after Dubai’s ruler Sheikh Mohammed bin Rashid Al Maktoum.
The online retailer has expanded into a marketplace, and will host sellers from around the world.
Dubai’s only utility also said it would distribute a cash dividend for the year of Dhs500 million to the government.
Almost 44 per cent of the GCC’s private wealth is focused in Saudi Arabia, while the UAE controls around 30 per cent, a new study shows.
Abrar Khan claimed the airline refused to compensate him after losing his luggage en-route to Dubai.
The strikes were aimed at cutting off their main sources of funding, state news agency WAM said.
HSBC and National Bank of Abu Dhabi, will each provide $60 million each to Etisalat Misr.
Sector-wide profit growth this year is expected to drop to five or six per cent from 22 per cent in 2014.
The UAE’s president and other leaders condemned the killings and affirmed their support to Egypt in rooting out such radical groups.
The listing followed a demerger of OCI NV’s engineering and construction business from its fertilizer and chemicals business.
The service will begin from June 1, and raise superjumbo capacity between Dubai and Milan.
The facility is divided into two tranches and will be used to refinance existing debts of NMC and to fund its acquisitions.
The first lululemon athletica store is slated to open in Dubai later this year.
Emaar made an annual profit of Dhs3.29 billion in 2014, up 28 per cent year-on-year.
The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.
The company appointed Abdul Rahman Jareb Rashed Al Hareb as the new chairman, replacing Sheikh Maktoum Hasher Al Maktoum.
He replaces Kris Babicci, who stepped down from the post in October.
NPS secured the refinancing deal from a group of banks and financial institutions.
Dubai plans to launch an Advance Passenger Information System which will raise the security and cut screening time at airports.
The adjournment will allow time for all creditors to sign an agreement which formally pledges each will assent to the plan put forward by Dubai World.
Rushaid, the deputy head of the Muslim Brotherhood in Jordan, had criticised the UAE for designating the pan-Islamic movement as a terrorist group.
Following the expansion, the net leasable area at Manar Mall will increase from 30,000 to 60,000 sqm.
The contractor made a profit of Dhs13 million ($3.54 million) in the last quarter of 2014.
The carrier made a net profit of Dhs64.6 million ($17.59 million) in the last quarter of 2014.
The UAE follows Saudi Arabia, the United States, Germany, Britain, France and Italy in shutting their missions in the Yemeni capital Sanaa.
Four oil majors — ExxonMobil, Royal Dutch Shell , Total and BP — had each held 9.5 per cent equity stakes in the ADCO concession since the 1970s.