Mobily announced it had cut profits for 2013 and the first half of 2014 by a combined SAR1.43 billion because of accounting errors.
The opening is timed to coincide with the 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix.
The deal is Abraaj’s fourth investment into Southeast Asia’s food and beverage industry.
Drydocks World will offer offshore marine and operational management solutions for the upcoming island.
New regulations will cap the price increase for health services offered by the private sector at 4.22 per cent, the Dubai Health Authority said.
From diamond–encrusted rims to luxurious audio systems, the flashiest add-ons, according to Carmudi.com.
Etisalat owns 27.5 per cent of Mobily, which on Monday cut its profits for 2013 and the first half of 2014 by a combined SAR1.43 billion ($381.2 million), citing accounting errors.
Subsidies and transfers accounting for nearly 20 per cent of annual expenditure in Abu Dhabi, according to the IMF.
Barclays and Citigroup are the joint global co-ordinators for the bond sale.
The loan will have a lifespan of between seven and eight years and will have an amortising structure, the sources said.
The airline said that almost half a million passengers have connected to its in-flight wi-fi since Emirates launched the service three years ago.
Madrid-based Parques Reunidos will operate the two theme parks coming up within the bigger Dubai Parks & Resorts Complex.
The levelling-off in the market is however prompting investors to explore other asset classes, said the JLL survey.
French hospitality giant confident about region’s outlook and identifies eight key tech areas
The 382-metre high tower comprises 474 residential units and is the main feature of the World Trade Center Abu Dhabi project.
Emirates was one of six main FIFA sponsors who collectively paid around $180 million last year.
The bank made a net profit of Dhs476.8 million ($129.8 million) in the three months to Sept. 30, up from Dhs395.5 million in the prior-year period.
The firm is currently earmarking the U.S. dollar-denominated sukuk to price in the area of the very low 200s in terms of basis points over midswaps, a document showed.
The first café will open in the UAE before November 2015, the company said in a statement.
Almost 50 per cent of the households in Dubai earn between Dhs9,000 to Dhs15,000 per month and can only afford rents ranging from Dhs32,500 to Dhs54,000 per annum, a new study says.
Under the current 2014 contact, Tasweeq supplies three cargoes a month to the UAE.
The offer is for the whole company but Abraaj will accept no less than a 51 per cent controlling stake, it said.
The Yas Marina Circuit has allocated 60,000 seats for this year’s F1 race, taking place between November 20-23.
The retail group will open 42 brands in Yas Mall, including the UAE’s first Pottery Barn Teen and Icing store.
Daman will sell new shares equivalent to 55 per cent of the firm to the public.
The new committee will oversee the UAE’s aim to feature among the most innovative nations in the world by 2021.
Suvrat Saigal, previously head of consumer banking at Barclays in India, takes over from George Beatty, who resigned in January.
Called Beehive, the marketplace claims to be the region’s first peer-to-peer (P2P) online lending platform.
In-demand chef plans to launch new Asian and Bar & Grill concepts next year
Work on the plant has already begun and is scheduled to be completed by the fourth quarter of 2015, the company said.