The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.
The Hartland International School, the first educational venture by Sobha, is slated to open in September 2015.
The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.
The country ranked 25 globally among the least corrupt countries on the 2014 index compiled by Transparency International.
New route marks first connection between UAE and German city
Police are investigating the case and are on the lookout for the suspect.
The new entity will combine 11 companies from Mubadala, Tawazun Holding and Emirates Advanced Investment Group.
In the first 10 months of this year, traffic climbed 6.1 per cent to 58.41 million.
The agency, established in July 2014, is working on the UAE’s mission to Mars.
The airline will continue to sponsor the club’s shirts until the 2019/2020 season.
The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.
The District on Saadiyat island, is being developed by TDIC along with L Real Estate.
This month sees the Dubai airline start three services in Eastern Europe
The movie, which will be released in December 2015, was partly filmed in Abu Dhabi earlier this year.
The cabinet also issued directions to all government entities to revise policies in order to provide a nurturing environment for innovation in the country.
The exhibit will feature events like the signing of the Declaration of the Union on December 2, 1971 by the UAE’s founding fathers.
Oil fell nearly $2 a barrel in Asian trade on Monday and both U.S. crude and Brent have fallen for five straight months.
Houston will also join the airline’s superjumbo network this week
Saudi Arabia’s bourse took the biggest hit, dropping 4.8 per cent to 8,625 points, its lowest close since early January.
Almost five out of 10 Filipinos living in the UAE are prioritising property investment in the Philippines, a survey finds.
Small and medium businesses in the UAE rated direct risks such as competition and weak consumer demand as more serious than damages from fire and supply chain disruptions, a new survey has found.
Dubai now boasts the world’s largest football mosaic and world’s tallest structure in chocolate
Indian low-cost airline spots budget travel opportunities to Bengaluru and Kozikhode
The regulator denied reports that the country was studying the feasibility of continuing the peg between the dirham and the US dollar.
Brent crude prices have fallen about 10 per cent since regional equity markets last traded on Thursday.
Dubai Parks and Resorts, a unit of Meraas Holding, is selling 40 per cent of its shares.
The UAE, Saudi Arabia and Bahrain agreed at an emergency meeting on Nov. 16 to return their ambassadors to Qatar.
Since 1997, the UAE dirham has been fixed at a rate of 3.6725 to $1.
Meetings will take place in London on Dec. 1 and Dubai on Dec. 8.