Arabtec has issued a string of statements saying it will protect shareholders’ rights, but it has not so far publicly addressed the strategy and ownership issues.
A deal could value the company at about $5 billion.
The agreement will help Etihad Rail expand its distribution capacity beyond its export terminals within the UAE.
The market has matured to a level capacity although rents continue to increase, says CEO
The developer expects its profit in the first half of this year to reach Dhs700 million.
The scheme will have a production capacity of 16 million tonnes per year of phosphate concentrate, sulphuric acid and phosphoric acid.
The terminal is the first phase of a $15 million investment which will include new hangar and maintenance facilities.
Iftars and suhours during Ramadan will boost revenues in hotels across Dubai, a new survey says.
Duncan Howard joined Zain last September and previously worked for Vodafone and Vodafone Egypt.
The latest aircraft, a Challenger 605 model, was acquired for a private owner by EAG.
The index recovers to stand 1.1 per cent higher at 3,987 points, bouncing back above the 200-day average.
The iPILOT simulator, located in Magic Planet, will offer the experience of flying the world’s largest passenger jet.
Gulf airlines have said that European governments were seeking to restrict fair competition by giving airlines based closer to home preference when awarding airport slots.
Prince Khaled bin Bandar served as both deputy defence minister and governor of Riyadh last year.
This is the first time that the index has dropped below the 200-day average since December 2012.
Double-daily frequencies will be operated to Bangalore, Chennai, Kozhikode and Hyderabad.
The joint venture will invest in direct private equity opportunities in African firms with a focus on consumer driven sectors.
The emirate’s index plunged 4.4 per cent on Monday, bringing its losses from a multi-year peak hit in May to 27 per cent.
The operation targeted traffic involving malicious software known as Bladabindi and Jenxcus, which were written and distributed by developers in Kuwait and Algeria.
Experts suggest that the land seized by the government from STC is worth between SAR1.36 billion and SAR2.83 billion.
Qatar’s economic output growth quickened to 2.3 per cent in the first quarter from a meagre 0.6 per cent in October-December, the data showed.
Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.
The tournament is set to break new records as the biggest social media event to date.
The Dubai index reached a three-month closing low of 3,943 points, bringing its losses from a multi-year peak hit in May to 27 per cent.
Niche skill sets and specific areas of expertise will shape the demand for a particular cadre of executive talent.
The 620,000 square metre retail destination will form part of the Dubai developer’s new 15.3sq km Deira Islands project.
The Abu Dhabi state carrier received two new Airbus aircraft – a A321-231 and a A320-200, that expanded its fleet to over 100 planes.
The firm said the facility would be used to refinance existing debt and to finance planned new real estate projects.
Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.
As part of the deal, Etihad will perform all scheduled and non-scheduled line maintenance on Air New Zealand aircrafts.