Emirates REIT will raise $175 million in the IPO, which was 3.5 times oversubscribed, by selling 128.68 million new shares.
Sources had said that Kuwait’s billionaire al-Kharafi family was looking to sell Americana and had hired bankers to explore a deal.
Dubai’s Roads and Transport Authority (RTA) confirmed that the diversion of utility lines is almost complete.
The Abu Dhabi real estate developer owns a 60 per cent stake in property management firm Khidmah.
Investcorp will provide capital to Eyck, a newly established investment manager founded by Khing Oei.
Ali Rehmat Assadi will stand trial in the UAE on charges of abducting Abbas Yazdi, who went missing in June, a source said.
Hassan Al Thawadi rubbishes corruption allegations and says Qatar won the rights to host the football event due to sheer hard work.
The region saw the strongest passenger growth worldwide, IATA said.
The agreements cover 13 communities including Palm Jumeirah, The Gardens, Discovery Gardens, Al Furjan, and International City.
The company had sales worth 2.72 billion riyals in the first quarter, up 12.3 per cent from a year earlier.
Jarir made 201.3 million riyals ($53.7 million) in the first three months of 2014.
The bank made a profit of 417 million riyals ($111.19 million)in the three months to March 31, according to a bourse statement.
The bank made 1.08 billion riyals ($288 million) in the three months ending March 31.
AerLift Leasing was established in 2010, with Waha Capital owning a 60.7 per cent stake.
The deal will bring it a profit of 7.5 million dinars, the firm said in a statement to the Dubai bourse.
Abu Dhabi Islamic Bank said it would acquire 110,000 customers through the deal.
GCC and India focussed investment bank expects significant interest from Indian investors this year.
UniCredit, which is one of Alitalia’s creditor banks, owns a 13 per cent stake in the airline after it took part in a 500 million euro share issue.
Etihad has finished reviewing Alitalia’s books as it considers whether to invest as much as 300 million euros via a capital increase, sources say.
A carrier must be more than 50 per cent owned and “effectively controlled” by an EU member state or EU citizens to obtain an operating license.
The company said the shareholders approved the allocation at a meeting on Thursday.
The loan will be for 17 years and will be repaid in twice yearly instalments after a five-year grace period, Maaden said in a bourse statement.
Tech-savvy consumers will drive the growth of e-commerce in the country’s retail sector.
Saudi Arabia received around 6.9 million religious tourists in 2013, according to official estimates.
The Emirates App will allow passengers to manage their booking, check in online and download their boarding pass.
The Dubai Financial Market’s new rules are part of broader efforts to develop Islamic business in the emirate.
Dubai’s ICD has agreed to buy about 46 per cent of Kerzner International, sources say.
Around 85 per cent of shareholders had approved the lender’s new move, the bank’s chairman said.
Output growth slowed to 60.0 points while new orders growth slowed to 65.8 points, a new survey shows.
Abu Dhabi’s prime properties recorded modest rental growth while rates in most lower end areas remained unchanged.