Sharjah has appointed HSBC, Kuwait Finance House, National Bank of Abu Dhabi, Sharjah Islamic Bank and Standard Chartered to arrange the roadshows.
The move is part of a large-scale redevelopment plan which includes reforming the mall’s exterior and adding more retail brands.
Emaar, the emirate’s largest listed developer, which surged 8.8 per cent to Dhs11.15, its highest close since March 2008.
Nick Peel joins the start-up firm having previously worked at British retailer McArthurGlen as well as soccer clubs Arsenal and Rangers.
The first shipment is expected to be sent next week, an official said.
The project will connect 17 locations with the main transmission lines to increase water flow and ensure reliable supply.
The project consists of three towers, out of which two are residential buildings while the other will comprise of hotel apartments, the developer said.
Dubai International cut back flights by about 26 per cent for 80 days from May 1 as both its runways were upgraded.
Occupancy rates across Abu Dhabi hotels also rose three per cent year-on-year in July while revenues grew by 14 per cent, official figures show.
Called ‘One at Palm Jumeirah’, the luxury project will be designed by international architects.
Located on the Samoan island of Upolu, the 550KW project was funded by UAE-Pacific Partnership Fund.
Emaar’s shares rose 5.4 per cent to Dhs10.80 today, bringing their year-to-date gains to 56 per cent.
Emaar, Dubai’s largest real estate developer, will offer 30 per cent of the shares to individual investors and 70 per cent to qualified institutional investors.
Fund managers still see pockets of opportunity in Saudi due to the market’s liquidity and diversity.
The public declaration is a motivational approach unique to the UAE, which invokes honour, the backbone quality of the region, writes the author of ’10 Tips For Leadership In The Middle East’.
The budget airline announced that it will begin services to Bujumbura in Burundi, Entebbe in Uganda and Kigali in Rwanda.
Arabtec shares jumped 13 per cent to Dhs4.79 over the past four trading days on speculation about a potential deal between Hasan Ismaik and Aabar.
The company, one of the more profitable assets of debt-laden Dubai World, posted a first-half net profit of $332 million.
Exclusive: The UAE has seen a flight to safety of wealth from conflict-ridden areas in the region, says Emirates NBD CEO Shayne Nelson.
Occupancy levels across Ras Al Khaimah’s hotels reached 64.11 per cent while the average daily rate amounted to $69.85, generating revenues worth $14.9 million.
The developer has awarded a contract worth around Dhs75 million to UAE-based Trojan General Contracting to build the complex.
Hasan Ismaik, the former CEO of Arabtec, confirmed that he was in talks with Abu Dhabi state fund Aabar to sell part of his stake.
The contractors, who designed the project from the Expo 2020 bid phase, are currently undertaking site readiness activities.
The developer said that it preponed the second release of units at the AKOYA development owing to strong investor demand.
Investors are hoping Abu Dhabi’s Aabar will soon buy a part of the 27.9 per cent stake held by Arabtec’s former CEO Hasan Ismaik.
Yas Mall, set to open in November, is slated to become the emirate’s first ‘super-regional’ mall.
As part of a US settlement last week, the bank agreed to end high-risk relationships with SMEs in the UAE.
MB UAE Investments will acquire 51 per cent and Al Madina Insurance Co will get 9.53 per cent of Islamic insurer National Takaful Co (Watania).
The development, called Villa Lantana, will feature 440 units including three, four and five bedroom homes.
The new phase will include a redesigned VOX Cinemas complex and the launch of new fashion brands and F&B outlets.