The bank’s operating profit reached Dhs151.1 million, up 18.8 per cent year-on-year.
The company will use available funds to repay the amount, which is the remainder due on a $555 million facility maturing in December 2015.
The lender made a net profit of Dhs1.33 billion ($362.1 million) in the three months ending March 31.
The exchange made Dhs215.1 million ($58.6 million) in the opening three months of 2014, compared to Dhs27 million in the same period last year.
The 10-year loan is the first such facility agreed between ADCB and NIC.
The firm will undertake the civil construction portion of the mixed use development in Algiers, it said in a statement.
The company said its profit for the three months to March 31 would likely be Dhs265 million ($72.2 million).
Initial price thoughts on the Islamic bond have been set between 5 and 5.125 per cent.
The airport welcomed around 4.5 million passengers during the first three months this year.
The lender made a net profit of Dhs409.5 million ($111.5 million) in the three months to March 31.
Newly installed general manager wants a broader range of guests and seeks to capitalise on Emirates’ global network
The waterfront development includes 225 residential apartments and a 200 room five star hotel.
The developer has launched three new projects in Abu Dhabi worth $1.4 billion, it said in a bourse statement.
The cleric used unusually placatory language about Qatar’s neighbours, some of whom he has accused of a variety of failings including being insufficiently Islamic.
UAE lender says the rebrand signals its clear plans to grow.
The launch continues Deyaar’s move into the hospitality sector.
Emiratis invested around Dhs7 billion in Dubai property while Indians continued to be the top foreign investors with transactions worth Dhs5.8 billion.
The portfolio, which comprises loans to SMEs in the UAE, will strengthen the bank’s position in the sector.
The developer has appointed AE7 for design, supervision, architectural and engineering services.
As the UAE and Saudi race to build nuclear reactors to meet mounting energy needs, the inevitable question arises – is nuclear a viable option?
The study found that the majority of parents in the UAE were financially ill prepared for their children’s education.
The 80-day renovation programme at the airport will begin on May 1.
Kizad said that around 83 per cent of the logistics park has been pre-leased to a number of local and international firms.
Mubadala, which has stakes in GE and private equity firm Carlyle, saw net profit tripling over the last year.
Rising volumes of cash transactions and off–plan sales could inflate prices to 2008 levels, an expert has said.
Cigarettes are still allowed within the restaurant’s bar and lounge areas.
The new charge, varying between Dhs7 and Dhs20, was introduced on March 31 and is applicable per room per night across hotels in Dubai.
Residential rental growth is expected to continue until there is adequate supply in the market.
Luxury Hong Kong-based hotel company makes its first foray into the Middle East and chooses Dubai as the first resort in its global collection.
All newly detected cases have shown no outward symptoms of the virus, HAAD said.