The first phase is reserved for wealthy local investors and due to finish in March and the second will be open to all Omanis, say reports.
Offenders will face a jail sentence of up to seven years and a fine of up to $26,500.
A villa in Palm Jumeirah and an apartment in Dubai Marina can be yours for $7 million, according to Knight Frank.
The Pointe, a new Dhs800 million mall on Palm Jumeirah, is scheduled for completion in 2016.
Rolls-Royce Middle East reported a fourth consecutive record year in 2013, with sales up 17 per cent year-on-year.
The portal will make various government services available on mobile phones.
DP World said terminals controlled by the company handled 26 million TEU compared to 27.1 million in 2012.
Indian-born Satya Nadella replaces Steve Ballmer who said he would step down in August 2013
The online content creation company hopes to scale up its offering.
Goutam Sen is allegedly being held in detention as part of a corruption probe involving Oman’s oil industry.
Qatar’s budget for fiscal 2013/4 is up 17.9 per cent to 210.6 billion riyals.
The lender made a net profit of Dhs343 million in the fourth quarter compared with Dhs242.8 million in the same period in 2012.
The Dubai developer increased its gross profit for the year from Dhs199 million in 2012 to Dhs307.5 million.
The $450 million Islamic bond is due to mature in February 2015.
The announcement was made by Italian Prime Minister Enrico Letta, who is officially visiting the GCC.
The number of active registered companies operating within the DIFC rose 14 per cent to 1,039 last year.
The bank has mandates for arranging loans and bonds for UAE entities totaling around $15 billion, an official said.
The brace of hotels will meet the growing need for affordable accommodation in the run-up to Expo 2020
Construction is expected to start in early 2015 and commercial operations in 2017.
Trading on Dubai Financial Market (DFM) was suspended because of a system malfunction
Tohoku declined to provide any details on how the Qatar gas will be priced.
The injection will allow IBB to grow its retail operations and develop its commercial business.
With rivals such as Samsung promoting themselves heavily in the country, the US giant may have to step up its presence.
Emirates will soon serve three cities in oil-rich Nigeria
The applications give technicians real-time information to speed up maintenance repairs.
One-time short-haul carrier is embarking on international expansion
The firm’s total assets grew to Dhs5.2 billion from Dhs4.4 billion a year earlier.
New route enables Stuttgart passengers to connect with Etihad’s global network via Geneva
Visitors will face an additional charge of between Dhs7 to Dhs20 per room, per night.
Net profit rose to 26.4 million Kuwaiti dinars in the three months to the end of December compared to 11.8 million dinars a year earlier.