The Emirates will fund solar-powered projects in the Marshall Islands, Nauru, Palau, and the Solomon Islands through its $50m renewable energy fund.
The plunge in Gulf stock markets, which were overvalued and dominated by panicking retail investors, made bond issuers stay out of the primary market.
The project has a net power capacity of 200 MW and is the largest utility scale solar plant in the world to be tendered in a single phase
Qatar was the most expensive construction market in the Middle East region in 2014, according to a study by EC Harris.
Finland, Germany, Sweden, the UK and the US, who can all access 174 countries visa-free, top the list.
A consortium of Saudi Arabia’s ACWA Power and Spain’s TSK had been selected as the preferred bidder to build the 200MW solar power plant.
Emaar sold a 15.4 per cent stake in its retailing unit in an initial public offer in September, raising $1.6 billion.
The developer will launch for lease 1.5 million sqft of shopping, dining and entertainment space at the mall from January 18.
Wednesday’s 4.5 per cent surge in Brent crude futures was the biggest percentage gain since June 2012.
Emaar said the pricing on the loan had fallen by 1.5 per cent.
Abu Dhabi Investment Authority is pursuing a second arbitration over its $7.5 billion investment in Citigroup in late 2007.
The company said that work on the steel structure, in which the animation zone is located, has started.
The company has also launched a global competition to choose new designs for its staff uniforms as part of the rebranding.
The sukuk will be launched and priced later on Wednesday, the arrangers said.
Developed by Emaar Hospitality and Meraas, the brand targets young tech-savvy travellers.
The amended law aims to reduce the gaps in working conditions between the public and private sectors, says labour minister.
Last September, Dana said it had signed a deal with Egypt that would help it recover most of the money it was owed.
Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.
Real estate deal values have declined from 2013, according to the Dubai Land Department.
The company was hit by an accounting scandal in Poland and Germany in 2013.
The move is part of a wider Middle East expansion plan to open 55 new branches this year.
The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.
UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC’s decision in November not to cut output had been right.
Brent crude dropped four per cent to below $46 a barrel following a five per cent plunge on Monday.
Emirates Nuclear Energy Corporation (ENEC) completes the concrete dome for the Unit 1 Reactor Containment Building.
The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.
The project will process around one billion cubic feet a day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.
Wynce Low was previously head of debt capital markets for HSBC in Malaysia.
The new company, created through the joint venture, will operate under the Engel & Völkers brand, the developer said.
The new restructuring plan involves repaying early an existing $2.92 billion maturity due in 2015.