Residential sales prices in the emirate grew seven per cent in the second quarter of 2014, a new report says.
The new department store, spread across 200,000 sqft, will showcase over 200 global brands.
Dubai’s main stock index fell 1.4 per cent as builder Arabtec declined by 3.7 per cent.
Waha, whose shareholders include Abu Dhabi government entities, made Dhs1.14 billion in the second quarter of the year.
The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.
A final decision on the winning firms is unlikely before early 2015 as the country decides whether to bring in Asian firms or stick with old partners, sources said.
Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.
A HSBC survey found that business relationship benefits and competitive pricing were driving UAE businesses to adopt trade in Renminibi.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.
Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.
The former telecom monopoly, which operates in 19 countries, made a net profit of Dhs2.5 billion.
The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities
The purpose of issuing bonds is to meet the requirements of Basel III, according to a senior official.
In May, the lender got regulatory approval to purchase much of Barclays’ retail operations in the UAE.
The first phase of traffic diversion will take place in the Dubai-Abu Dhabi direction near Safa Park, RTA said.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market to close six per cent lower.
The first and second days of the month of Shawwal have been announced as Eid-al-Fitr holidays for the private sector.
Residential rents in the emirate also rose 24 per cent year-on-year during the second quarter of 2014, according to a JLL report.
Under the deal, Strata will outsource the treatment of composite materials for the production of A380 Flap Track Fairings to PCT.
Federal ministries and departments will be closed from Sunday July 27, and reopen on August 3.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.
The lender had repaid the rest of its total Dhs12.6 billion of support in 2013.
Aabar’s statement followed media reports last week that said the fund was in talks to buy at least part of the 28.85 per cent stake owned by Arabtec’s former chief executive Hasan Ismaik.
The lender reported a net profit of Dhs515.6 million for the three months to June 30, up from Dhs488.3 million in the same period last year.
The project, which has an estimated construction value of Dhs2.5 billion, is expected to be completed by 2016.
The airline said the flight ban to Kiev would remain in effective until further notice.
The economic rebound seen both locally and internationally has seen deal-making revived in the last two years, with many now divesting stakes and looking for new opportunities.
The Securities and Commodity Authority said a new “technical committee” would ensure the integrity of share trading and prevent any manipulation of stock prices.
UAE and Qatar stock markets rallied sharply over the past year in anticipation of the upgrade to emerging market status by index compiler MSCI.
Under the law, founders of a company can list shares through a sell down of a certain percentage of their existing stock.