The bond represents the cheapest five-year funding raised by Emirates NBD in the last six years.
While ‘Bendgate’ may not have an impact, concerns that the phone does not have a “premium” feel may hamper UAE sales, says expert.
The study noted that 33 per cent of the UAE residents expect to step up their luxury spending over the next few months.
The contract is for work in Al Furjan Phase 2 and covers the construction of 16km of roads at the community.
NBF Islamic will offer a series of retail banking products in the initial stage but the bank plans to diversify Islamic offerings.
The office adds to DCCI’s presence in the Ethiopian capital Addis Ababa.
Under the new deal, the repayment date of the biggest chunk of debt under Dubai World’s $25 billion restructuring would be extended.
The areas that command the least residential rental rates in Dubai, as compiled by propertyfinder.ae.
The new mixed-use development is located in the Saadiyat Cultural District.
New daily A380 service to Texas city dovetails with Qantas’ new superjumbo flight from Sydney
The statement follows the Investment Corporation of Dubai’s stake purchase in Dangote Cement in September for $300 million.
Wiko, which claims to be Europe’s fastest growing smartphone brand, has launched eight models in the UAE.
Air Berlin said that the authorities were trying to put a new spin on the provisions of an air transport deal between Germany and the UAE during the review of the airlines’ winter schedules.
Al Nowais Investments, an Abu Dhabi-based private firm is leading a consortium to build Egypt’s first coal-fired power plant in the Suez area.
The company has had problems recovering payments in Egypt because of political turmoil and said in August that it was working with the Egyptian government to agree a new deal.
The regulators warnings come after a number of fake iPhone 6 handsets were confiscated from various locations across the UAE.
The second phase of the UAE railway project, which at 628 kilometres is the longest of the three planned stages, is expected to be funded by the UAE federal government.
Dubai carrier appoints senior managers but will provide no equity.
As per the deal, MBRF will extend part of its land bank to newly launched developer Nshama to build an integrated community project at a central Dubai location.
Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.
Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.
Up to 80 per cent of the UAE’s food sector is currently franchise-operated, according to Salem bin Dasmal, founder of Silver Spoon Investments.
Emirates Group’s east coast resort to unveil new rooms and improved connectivity
Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.
The developer has awarded a contract for the project to Overseas AST Company.
The free zone said that its health insurance solution has been tailored to suit its members so that smaller firms can experience the benefits that are usually available to large corporates.
The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.
The rise in registrations on the UAE’s national domain also indicates an increase in the amount of Arabic content online, the telecoms regulator said.
Football fans set to flock to Sevens Stadium to see two giants compete in Dubai Football Challenge
The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.