The specified amount is slightly higher than the usual volumes that the company buys, a Singapore-based trader said.
Access Infra Africa plans to invest over $500 million in renewable power assets in Africa over the next three years.
The airline ordered 44 Airbus A320s in 2007 and 29 of those hade been delivered by November 2014, according to Airbus data.
The newly launched firm is aiming to establish a real estate portfolio worth Dhs500 million by the end of this year, the company’s chairman said.
The company’s Dhs500 million hotel project on Palm Jumeirah is set to open in Q4 2016.
The bank’s profit was boosted by strong performance in operating income.
The bank said its 2014 balance sheet was strengthened by its reclassification of its exposure to Dubai World, as performing.
Tim Clark says airline industry will reap the benefits of lower oil prices in 2015.
Dubai’s residential sector is likely to remain subdued over the next 12 months with the market absorb 25,000 extra units in 2015.
RAK Ceramics said it aimed to close the deal by March 25 and that the sale of shares would be at a premium to book value.
The Emirates will fund solar-powered projects in the Marshall Islands, Nauru, Palau, and the Solomon Islands through its $50m renewable energy fund.
The plunge in Gulf stock markets, which were overvalued and dominated by panicking retail investors, made bond issuers stay out of the primary market.
The project has a net power capacity of 200 MW and is the largest utility scale solar plant in the world to be tendered in a single phase
Qatar was the most expensive construction market in the Middle East region in 2014, according to a study by EC Harris.
Finland, Germany, Sweden, the UK and the US, who can all access 174 countries visa-free, top the list.
A consortium of Saudi Arabia’s ACWA Power and Spain’s TSK had been selected as the preferred bidder to build the 200MW solar power plant.
Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.
The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.
Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.
Emaar said the pricing on the loan had fallen by 1.5 per cent.
Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.
The company said that work on the steel structure, in which the animation zone is located, has started.
The company has also launched a global competition to choose new designs for its staff uniforms as part of the rebranding.
The sukuk will be launched and priced later on Wednesday, the arrangers said.
Developed by Emaar Hospitality and Meraas, the brand targets young tech-savvy travellers.
The amended law aims to reduce the gaps in working conditions between the public and private sectors, says labour minister.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.
Real estate deal values have declined from 2013, according to the Dubai Land Department.
The company was hit by an accounting scandal in Poland and Germany in 2013.