Luxury brand’s third Dubai property blends French culture and art and targets business and leisure travellers given the proximity to DIFC and Dubai Mall
The lender said that it continued to grow its loan book in Q1 2014 while maintaining the structure of its balance sheet with high levels of liquidity and capital.
Under the law, individuals found guilty of money laundering will face a jail term of ten years along with a fine ranging from Dhs100,000 to Dhs500,000.
Arabtec is trying to evolve from a local contractor into a multinational development company as its finances are boosted by a recovery in Dubai’s property market.