The transaction is likely to be worth between SAR500 million and SAR1 billion, sources said.
Leasing of the properties, which are located on Reem Island, will begin this week.
The 1.3km AKOYA Drive, resembling Rodeo Drive in Beverly Hills and Champs Elysees in Paris, will include F&B options and retail outlets.
The second phase of the project will have over 70 one to three bedroom apartments within a 20-storey tower, Emaar said in a statement.
The legislation aims to protect natural habitats in Dubai and develop and promote ecotourism.
The expected amount to be collected from this tax will range between 3.5 billion pounds and 4.5 billion pounds, Egypt’s finance minister said.
New regulations will come into effect within 60 days to protect the rights of domestic workers in the Kingdom, a labour ministry official said.
Energy prices in Egypt are among the lowest in the world, and the government spends more than a fifth of its budget keeping them down.
Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).
New report claims former FIFA member Mohamed Bin Hammam paid $5 million to senior officials in exchange for their support for Qatar’s bid.
The work on the third phase of the project will start in June and is scheduled to be completed by 2016, RTA said.
Shareholders owning the company’s stock at the end of trading on July 1 will qualify for the dividend, the company said in a statement.
Today’s inaugural flight marks Etihad’s fourth US destination and one of the longest flights globally
Bahrain has been in turmoil since protests led by Shi’ite Muslims erupted in 2011 after similar uprisings in Egypt and Tunisia.
The UAE is one of the main supporters of the government in Egypt and has showered it with aid since its military ousted elected Islamist president Mohammed Mursi last year.
Analysts say the main attraction for Mobily, an affiliate of the UAE’ Etisalat, was to acquire Atheeb’s landline licence.
Delays in jetliner deliveries can cause disruption and extra cost for airlines as they reassign aircraft to fill the gap.
An Iranian trade source said the country was relying more on its domestic shipping fleet or using land routes.
Jim Moaddab, COO at F&B specialist Caramel Group gives his insight into the company’s expansion plans and the UAE restaurant market.
The tax is part of the first phase of income tax reforms in the country expected to bring in 10 billion Egyptian pounds.
The project will also include serviced apartment buildings, nine hotels and a marina.
Local restaurant chief warns the Emirates’ F&B market is being spread too thinly.
The Saudi businessman and his Kingdom Holding Company invested $250 million for a combined stake of 2.5 per cent in the Chinese online retailer.
Revenues rise 47 per cent on back of Etihad Airways’ global connectivity, growing codeshare partners and introduction of three Airbus aircraft
Spot gold fell to $1,251.50 an ounce – its lowest since Feb. 4.
The Gulf states have pledged billions of dollars worth of aid to Egypt since former President Mohamed Mursi’s ouster last year.
The deal, expected to be in place by the end of 2014, will intensify competition between the two telcos in the UAE.
The emirate came closely behind London, and significantly ahead of New York, Moscow and Shanghai
Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.
The deal is seen as Apple’s effort to jump-start an uneven attempt to make headway in music streaming.