The funds would be raised through loans, the airline’s chief financial officer confirmed.
The airline will deploy a Boeing 737-800 aircraft to operate the new service, which will begin from October 14.
The agreement is a part of RTA’s naming rights project, which aims to raise revenue for the Dubai Metro through branding.
Income from Mubadala’s joint venture businesses doubled to Dhs2.12 billion, thanks to Emirates Global Aluminium and Dolphin Energy.
This year’s edition of the property event promises huge stands and mega launches, and expects over 35,000 attendees.
ES Bankers (Dubai), part of Espirito Santo group, has been restricted from taking or paying deposits, and is required to maintain and preserve its assets, the DFSA said.
The project will include retail areas, parks, jogging tracks, streams, meditation nooks and sunken pavilions.
Waha said the programme, approved by its board on Wednesday, would allow it to repurchase up to 194 million shares.
Dubai carrier ponders regular double-decker services to Iranian capital
The prices for the penthouse apartments range from Dhs20.5 million to Dhs40 million, the company said.
Emaar is aiming to sell two billion shares in EMG, representing 15.4 per cent of the unit’s share capital.
Mashreq also has no interest in any of Standard Chartered’s UAE operations, CEO Abdul Aziz al-Ghurair said on the sidelines of a company event in Dubai.
The first nuclear reactor is scheduled to enter commercial operations by 2017, the UAE’s nuclear agency said.
Called eZayed, the platform allows for physical and online bidding on real estate.
Around 18 per cent of SMEs in the UAE have stepped up their exports to overseas markets while 26 per cent of them have expanded their domestic operations, a new survey says.
The Gulf carrier plans to instead invest in equity stakes and codeshare deals to grow, said James Hogan.
Major projects being developed by Dubai Holding and its units, Dubai Properties and Tecom Investment will be displayed during the upcoming property show.
Apple launched the new phones on September 9, and they go on sale from September 19 onwards.
Emaar Properties said that institutional investors had fully subscribed to their tranche of the $1.58 billion IPO of EMG.
The Securities and Commodities Authority (SCA) has outlined rules to make it faster and cheaper for firms to issue conventional and Islamic bonds.
The development will feature nine low-rise residential buildings including apartments and townhouses positioned in five clusters that are 250 metres long each.
Arabtec said it “does not have the information” on such a deal, it said in a bourse statement.
ENEC is expected to apply for a separate operating license before it can operate the reactors as the current approval only covers the construction of the units.
Emaar is aiming to raise as much as Dhs5.8 billion ($1.58 billion) from the offer of shares in Emaar Malls Group (EMG).
The upscale residential developments will be located in Palm Jumeirah, Dubai Maritime City and Downtown Dubai.
Increased demand for bulk staff housing from Dubai firms has caused rents in Sharjah to rise, a Cluttons report says.
Sources say that Hasan Ismaik has finalised the sale of stake in Arabtec to Aabar and the deal will be announced soon.
Business confidence has grown in the UAE with more than 45 per cent of the respondents expecting the Expo win to have a positive impact on their growth plans.
The new applications that were released include the Drivers and Vehicles smartphone app, Smart Parking app, Business Sector Services app, Salik Smart app and the Public Transport app.
The new resort, to be completed by 2018, will consist of 800 rooms, suites and 250 hotel apartments.