The project will be connected to DEWA’s grid through a low-voltage distribution board while also being used as a learning tool for the deployment of solar PV rooftop installations in Dubai.
The agreement ends a four-year legal row between Nakheel and IFA Hotels And Resorts, which prevented retailers from occupying spaces they paid for on the Palm Jumeirah’s retail strip.
The index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The builder reported a profit of Dhs68.7 million ($18.71 million) in the third quarter of 2014, down from Dhs100.8 million in the corresponding period of 2013.
The firm made a net profit attributable to shareholders of Dhs21.4 million ($5.83 million) in the third quarter of 2014, down from Dhs23.8 million in the year-earlier period.
To secure approval Etihad and Alitalia agreed to give up airport slots on the Rome-Belgrade route as Alitalia and Air Serbia, are the only carriers offering direct flights on that route.