The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.
Raja Ghanma has been promoted from chief operating officer to CEO of Arabtec Construction, Arabtec Holding said in a bourse filing.
Foreign direct investment (FDI) to the UAE, which although grew 25 per cent in 2014, did not reach the estimated amount of $14.4 billion.
The company’s profit fell to Dhs100.7 million ($27.42 million) in 2014 from Dhs166.5 million a year earlier.
Ziad El Chaar said the momentum in the property market was being driven by foreign buyers, both those living in Dubai and abroad.
The app allows users to make low-cost calls when roaming aboard through an internet or GSM connection.
Saif Humaid Al Falasi will replace Saeed Al Khoory, who has served as ENOC’s CEO since 2007.
Passenger numbers climbed to 5.97 million in February from 5.68 million a year earlier.
Abu Dhabi’s largest private healthcare provider, listed in London, reported a net profit of $84 million for 2014.
Sultan bin Saeed al-Mansouri did not specify in which sectors the government would permit full foreign ownership of companies.
Property transactions slowed by 20 per cent year-on-year in January and 17 per cent in February, said the report.
The new policy will require two crew members to be present at the cockpit at all times.
Islamic banking assets in the Emirates crossed $1 billion in 2014, a new report says.
The Dubai-based conglomerate will open its first Magic Planet In Saudi Arabia this year.
The key risks for the UAE stock markets are an escalation of the military conflict in Yemen and renewed weakness in oil prices, Credit Suisse said.
Ahmed Ali Saleh, son of former president Ali Abdullah Saleh, was Yemen’s ambassador to the United Arab Emirates.
Many companies polled said that compliance costs had surged by more than 50 per cent over the last two years.
The emirate’s top source countries for investment were the US, the UK, India, Netherlands, Germany and Italy.
Prince Bishop, trained by Godolphin’s Saeed bin Suroor, completed the 2,000 metre contest in two minutes 03:24 seconds.
Aabar chairman Khadem al-Qubaisi said the company may issue similar bonds linked to shares in other investments in future, although it currently had no plans to do so.
The company earlier confirmed it had sold its complete 17.4 per cent stake in the London Stock Exchange (LSE).
The firm had been the biggest single shareholder in the LSE prior to the sale.
Authorities said the CEO’s departure would not affect the Midfield Terminal expansion.
The project, built at a cost ranging between Dhs3 billion and Dhs5 billion, will spread across 22 million square feet in the Jadaf area.
Bank of America, Barclays and Nomura are joint bookrunners on the stake sale, which is worth around 1.5 billion pounds.
The head of BIE is on an official visit to Dubai to discuss the approaching submission of the Expo 2020 registration document.
P&O Ports has signed MOUs for preliminary discussions with the governments of Madagascar, the Republic of Somaliland and Albania to enhance their port infrastructure.
The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal.
The cause of the explosion is yet to be confirmed, according to the building manager.