The banks said that it is working closely with the central bank in setting up a Higher Sharia Authority that would complement and oversee the work of individual sharia boards.
The carrier will be the first among the three Gulf airlines to file an official response.
Health officials said that both patients are in a stable condition and are receiving the necessary medical care.
Trading in Amlak was halted as credit markets dried up and the emirate’s real estate prices began a near-50 per cent tumble from their peak.
Amanat was set up to invest in education and healthcare businesses in the UAE and other Gulf states.
The financial freezone regulator said the bank was guilty of flouting anti-money laundering rules.
Average rents across the emirate are down 1.5 per cent compared to the same time last year, says Cluttons’ latest report.
Home values slipped 0.8 per cent in the first quarter, leaving average prices 0.5 per cent lower than a year earlier and 19.4 per cent below the 2008 peak, a new report says.
The Dubai-based company has said that the IPO for EHG will be dependent on the right market conditions.
The company is investing in a new fund, which aims to address the funding gap for SMEs in the Middle East, North Africa and South Asia region.
Emaar said it would use some of share sale proceeds to fund new developments in Egypt and grow its land bank in the country.
The bank is looking to buy all or some of the shares of the insurance company at a price of Dhs3.64 a share.
All accused in the case were also charged with a fine of Dhs1 million for the offence in addition to the jail term.
The tech giant will open its biggest store worldwide in Dubai this summer, say reports.
The majority of HR directors in the UAE noted a return of salary inflation for existing and new employees, a new study says.
The move aims to boost Dubai as a hub for regional and international exhibitions while also attracting local and international investments.
About 55.7 per cent of retailers in Dubai are international brands while the city attracted 45 new global brands last year.
The project, valued at Dhs700 million, will comprise of 1,000 residential units and will be ready for handover by 2018.
DIB has mandated First Gulf Bank, HSBC, Maybank, National Bank of Abu Dhabi, Standard Chartered Bank and itself to arrange the meetings in Asia and Europe.
The deal, rated A1 by Moody’s, has so far attracted orders totalling more than $3.5 billion from investors, a document showed.
Emirates’ head Tim Clark has said the airline will opt for either B787-10s or A350-900s in the next stage of its fleet development.
The Roads and Transport Authority has opened phase II of the main traffic diversion works on Al Wasl Road.
The funds are aimed at helping VOX attract a further 50 million customers over the next five years.
The developer has now launched additional units for sale within the project, which is located in its Mudon community in Dubailand.
Construction on the Al Khail Avenue mall will begin this year, with expected opening in 2018.
Waha is looking to invest in sectors with high growth potential such as energy, infrastructure, healthcare and education.
The Abu Dhabi Appeals court had eased the verdicts on the defendants and overturned the school’s closure.
The claim follows US carriers’ allegations that Etihad, Emirates and Qatar Airways have received more than $40 billion in state subsidies.
Citigroup has experienced growth in credit card acquisitions in the UAE of 2.5 times over the past year, it said.
The acquisition is being funded by a blend of the company’s own funds and bank facilities, Marka said.