Talal Said Marhoon al-Mamari was previously chief financial officer of the company.
EFG Hermes is one of the biggest investment banks in the Middle East.
The test, which has a fee of Dhs700, has to be cleared by all real estate brokers in the emirate.
The terminal, slated to arrive in September, is now expected in October or November, according to sources.
The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.
Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.
US President Barack Obama remains the most followed world leader on the social networking site, finds new study.
The Dubai builder’s shares have fallen 59 per cent from May 14’s record close.
General Electric – the main alternative A330 engine supplier – is reportedly no longer in the running for the $2 billion “A330neo” revamp.
Suppliers need written consent from the ministry of economy to increase commodity prices.
Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.
Prince Khaled bin Bandar bin Abdul-Aziz was removed from his post less than two months after his appointment.
The remarks came days after the king ordered all necessary measures to protect Saudi against potential “terrorist threats” from Iraq.
Saudi Arabia had previously been unwilling to support the formation of a new government unless Iraqi PM Nour al-Maliki stepped aside.
This year, the total expenditure on cloud spending is set to reach $100 billion, with the market growing by a quarter.
The agency said the monarch ordered the unspecified measures after he chaired a meeting of the country’s national security council .
An OIAG spokesperson said that the company had not seen any signs from IPIC wanting to exit.
Located in Dubai, the Dhs500 million residential project, Dreamz By Danube, includes 171 townhouses.
The emir urged Kuwaitis not to publicly discuss an investigation into reports of a recording of people discussing an alleged plot against the governing system.
The store is part of the company’s expansion drive in the American continent.
The mobile passes will be available to travellers on select routes and will help reduce paper wastage, said the Abu Dhabi carrier.
The hotel, which is situated in the province of Al Qassim, is expected to open by mid-2016.
No purchase price was given by the bourse filing in Dubai.
The introduction of mortgage caps has been instrumental in dampening the buyer activity this year, research has found.
The five-year bond is part of the lender’s $1 billion Tokyo Pro-Bond Market Programme, it said in a statement.
Arabtec slips 2.4 per cent and Dubai’s benchmark is up 0.5 per cent, after rising as much as 1.0 per cent early in the session.
Construction has begun and should be completed in the first quarter of 2017, with commercial operations beginning later in that year, a statement said.
The luxury Italian brand’s plans include flagship stores and more than one regional hotel.
Qatar company teams up with IHG for first time and will invest in key European hotels to bring them back to their full glory
Under new rules announced last week, retailers and traders no longer needed to ask the government for permission to raise prices.