IHG targets mid-market growth with second Holiday Inn in UAE capital
Luxury SQft will focus on the UAE’s affluent areas and will have only 100 real estate agents promoting their properties.
The company is already investigating alleged bribery in other Middle East countries, including Lebanon, Jordan, Syria and Iraq.
Shares in Emaar, the market’s second most heavily traded stock on Tuesday, jumped 3.1 per cent to Dhs11.50.
The Mirfa IWPP was financed through a mix of bank debt and equity from the shareholders, a statement from ADWEA said.
The Abu Dhabi fund acquired Hewlett-Packard’s 40 per cent stake in Injazat for an undisclosed sum.
Visitor figures at the mall in Dubai averaged 78,300 per day during the four-day break.
The firm announced it had completed the acquisition of 100 per cent of London-based Pioneer Trader Ltd.
Xperia Z3 Dual is priced at Dhs2,999 while Xperia Z3 Compact will cost Dhs2,499.
Shares in Emaar rose 1.4 per cent to Dhs11.35 and were the main support for Dubai’s index, which added 0.4 per cent.
UAE firms saw output growth accelerate to a three-month high of 63.2 points in September from 62.2 points in August but new orders growth dropped to 64.0 points.
The firm aims to raise $25 million in an initial public share offering (IPO).
The A380 service will help boost capacity by around 38 per cent on the Dubai-Milan route, the airline said in a statement.
The Roads and Transport Authority said that drones help access areas that are unreachable through human means and can also be used during emergencies on roads.
Yeganeh Salehi, Tehran correspondent for the UAE English language newspaper, The National, was freed last week and is said to be in good health.
Erich Pfister joins the bank from Credit Suisse, where he was head market area United Kingdom and international.
The group will acquire almost 10 per cent stake in British trading firm East India Company along with a 40 per cent share in its fine foods subsidiary.
State news agency WAM said on Sunday that Biden had telephoned Sheikh Mohammed bin Zayed al-Nehayan, who is also the deputy supreme commander of the UAE armed forces, over the comments.
Joe Biden said that the Middle East had provided money and weapons to Al Nusra and Al Qaeda.
Although this year’s Cityscape saw bigger displays and numerous new project launches, experts say the market is leveling off.
Packages still available for hotel stays across the country on local deals website Triperna.com.
Emaar sold a 15.4 per cent stake in Emaar Malls Group (EMG) in an initial public offer last month, raising $1.6 billion.
Software developed by Dubai police will enable a connection between the wearer of the glass and a database of wanted people.
A study by Google found that 80 per cent of smartphone users in the UAE watch online videos on their devices.
Emirates suspended flights to Guinea in August, but has continued flying to other affected destinations.
DFM chairman Essa Kazim said that the bourse expects to receive one more listing before the year-end.
Emaar’s shares, which were sold at Dhs2.90 in the heavily oversubscribed IPO, rose to Dhs3.49 on the market.
The group’s chief executive said that he was not currently looking to set up an affiliate in Dubai, but it could be a possibility in the future.
The introduction of debt listing and trading is expected to expand the exchange’s activities and make it easier for local companies to sell debt instruments.
The Portuguese financial group’s problems have been escalating since accounting irregularities were identified at one of its holdings earlier this year.