A booming population, rise in income levels and improved returns on investment in education are boosting growth in Dubai’s school sector.
Following the formal launch of the Dubai Tram today, experts say that properties in the immediate vicinity could see a gradual price increases.
The firm, also called flydubai, has picked seven banks as arrangers, a document from lead managers showed.
The official said that the oversupply is mainly caused by shale oil revolution in the market.
Bildco posted a loss of Dhs10.8 million ($2.9 million) in the three months to Sept. 30, compared with a loss of Dhs7.7 million in the same period a year earlier.
The airline said it made a net profit of Dhs247.4 million ($74.71 million) for the period ended Sept 30, up from Dhs202.7 million a year-ago.
The first phase of the Dubai tram, opening today, will stretch 10.6 kilometres and include 11 stations.
The company will offer 2.53 billion shares at a price of Dhs1 each, in an offer that will run from November 17 to November 30.
The developer made a net profit of Dhs127.93 million ($34.8 million) in the third quarter compared with Dhs171.89 million in the corresponding period of 2013.
The state-owned crude oil producer currently produces 1.6 million barrels per day.
Economic growth and lower provisions for bad debts have fuelled the banks’ profits, the UAE Banks Federation said.
Abdullah al-Badri said both producers and consumers would be happy with oil prices in a broad range around $100 per barrel.
The 2.3 million sqft mall, located in Al Maryah Island, is scheduled for opening in March 2018.
Both operators’ premium travellers will now be able to enjoy mutual benefits, earning points and rewards.
The firm’s third-quarter profit more than doubled, driven by higher income from its stake in AerCap Holdings.
The latest renovation will add an 80,000 square feet Carrefour hypermarket, around 50 new retail brands and a number of street-based restaurants to the mall.
Union Properties did not explain the nature of the required amendments in the bourse statement.
The Dubai tramway launches on November 11, and will cost a minimum of Dhs3 per trip.
Dubai’s index added 1.1 per cent, buoyed by Emaar and Dubai Islamic Bank while Abu Dhabi’s index rose 0.7 per cent.
The tram will operate from 6.30 am to 1.30 am from Saturday to Thursday and from 9.00am to 1.30 am on Fridays.
The agreement allows UAE easy access to Asian markets while giving Japan priority access to reserves if Japan is in short supply of crude.
The state-owned property firm is on track to restructure the debt by the end of the year, when a payment worth a third of the total comes due.
The project is expected to have a capacity of nine million tonnes a year.
Dubai’s diversification into sectors such as trade, tourism, real estate will ensure that it enjoys favourable economic conditions.
Expo 2015 Milan is themed around the issue of tackling global food and hunger challenges.
Some analysts had predicted UNB might be added to the MSCI index, but it was not.
Shares in Dubai’s Emaar Properties and Dubai Islamic Bank, whose weightings also increased, rose 2.5 and 1.6 per cent respectively.
All public sector departments will remain closed from December 2 to December 7 as per directives by the UAE president.
Waha made a net profit of Dhs301.2 million ($82 million) in the three months to Sept. 30, up from Dhs107.1 million in the year-ago period, it said in a statement.