The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.
The developer said it has instructed Deutsche Bank to make the payment on the due date of June 15, 2014.
The $750 million Islamic bond received orders worth more than $5.5 billion from investors.
Construction firm Alba Tec won the contract and will build landside infrastructure and new marina facilities at the port.
Share prices in Dubai builder Arabtec fell 24 per cent in the previous three sessions.
Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.
Stalled during the global financial crisis of 2009 and afterwards, here are five marquee construction projects that are now up and running again.
The opening of the consulate in LA comes amid strengthening commercial and trade ties between the two nations.
The 630, priced at Dhs599, and the 930, priced at Dhs2199, are the first Lumia devices that run Microsoft’s Windows Phone 8.1.
Arabtec, which had more than tripled in value this year, saw share prices dropping 24 per cent this week.
The popular Pakistani singer launched his new album in the city on Monday.
IT decision makers see the gap between needs and delivery having significant consequences for UAE companies, a study has found.
The offices, located at the Business Park Free Zone, will include small, medium and large units.
OPEC, which pumps more than a third of the world’s oil, meets on Wednesday in Vienna to decide on output policy.
The channel will serve as an official source of news on the federal government’s activities.
The UAE’s central bank warned that the emirate’s property market might be overheating.
Villas from the Dhs7 billion residential project will be handed over to buyers in December 2014.
Gabriele del Torchio said Etihad was proposing to invest up to 560 million euros in Alitalia.
The potential benchmark sukuk comes ahead of plans by Emaar Properties to sell a quarter of its unit to the public.
Shangri-La will manage the 52-level luxury hotel in Nakheel’s Palm Tower development.
The bank has chosen National Bank of Abu Dhabi and Standard Chartered to arrange roadshows in the Middle East, Asia and Europe starting June 11.
The facilities will be used to refinance an existing $1.1 billion facility and purchase assets.
A terrorist attack killed at least 27 people in Karachi’s Jinnah airport on Sunday.
Etisalat, which last month mandated banks for the bond issue, may also issue a 30-year tranche.
Mubadala is currently the biggest shareholder in Tabreed with 14.3 per cent.
The event, which takes place from November 20-23 this year, offers 60,000 tickets in total this year.
House prices in Dubai soared 27.7 per cent from a year ago in January-March.
Etisalat led a consortium that bought a 26 per cent stake in Pakistan Telecommunication for $2.6 billion, with $1.8 billion paid upfront.
The airline said it made the decision after reviewing the criteria and measurement of the Skytrax Airline Rating System.
Passenger traffic at the Abu Dhabi International Airport surpassed 1.6 million in April.