Abu al-Khair had been on trial on sedition charges that included breaking allegiance to King Abdullah and showing disrespect for authorities.
The financing was arranged for BMJBR Properties Limited, a company owned by the private equity arm of Bank Muscat, the lender said in a statement.
Gulf Air’s services to all three destinations were reduced recently due to instability in those regions.
Dubai’s government debt is expected under a baseline scenario to fall gradually to 41.6 per cent of gross domestic product in 2019 from 60.2 per cent in 2013, the IMF said.
The lender cited higher operating income – which increased 17 per cent year-on-year – for the increase in net profit.
The port, which began operating on Jan. 6, currently has an annual capacity of 1.3 million twenty-foot equivalent units.
The new Abu Dhabi – Yerevan route will offer a total of 1,088 seats per week.
Last week, Bloomberg reported private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.
Middle East travellers have spent around $2.7 million on their visa cards since the start of the tournament, the payments provider said.
Dubai’s main index climbed 2.4 per cent as shares in Arabtec jumped 5.4 per cent in early trade.
Accor’s largest regional apartment-hotel property targets long-stay guests in UAE capital.
The development will include the world’s largest mall and a range of leisure, retail, cultural, wellness and hospitality options.
The payment will have a significant impact on earnings, the company said.
The company said rising costs had crimped its half-year profit due to a rising wage bill associated with localisation efforts.
The eight million sq ft mall will be connected to a theme park, theatres, medical tourism facilities and 100 hotels and serviced apartments.
Construction is scheduled to begin in Q4 2014, and the centre is slated to open in March 2016.
The french utility company signed a 25-year power and water purchase agreement with the Abu Dhabi Water and Electricity Company.
The European planemaker posted 515 orders between January and June, or 290 when adjusted for cancellations.
The explosion occurred near the village of East Eker, south of the capital Manama.
The government accused demonstrators of setting fire to tyres and garbage containers and destroying a restaurant last week.
Any setback to the government in Southern Iraq could lead to greater demand for the more liquid currencies like the yen, the dollar and the Swiss franc.
Aiming for growth in new territories and demographic groups, Islamic banks look to drop the “Islamic” from their moniker.
Even as Egypt wrestles with dwindling water from its only major source, the Nile, it pushes farmers to grow more to supply the country’s costly subsidised food programme.
The payment came from the proceeds of asset sales completed by the firm and follows an initial sum of $284.5 million returned in March to creditors.
The American chain already has 34 outlets in Saudi Arabia, Kuwait, Qatar, Egypt, Jordan and the UAE.
An Iraqi spokesman said that the frontier was “fully in the grip” of Iraqi border troops.
The facility will pay an interest rate of 120 basis points above the London interbank offered rate (Libor).
The contract incudes the construction of a 400 kilovolt (kv) power transmission line in the northern state of Uttarakhand.
The number of students in the GCC region is expected to grow at a 3% annually between 2013 and 2020 to reach 13.7 million, a new study says.
England’s national squads will fly with the UAE carrier and the airline will benefit from a range of commercial rights