Dubai World said that it had received backing from a “substantial majority” of creditors on the new deal which would see part of its debt repaid early.
Real estate deal values have declined from 2013, according to the Dubai Land Department.
Iranian president said that oil producers such as Saudi Arabia and Kuwait will suffer more than Iran from the falling oil prices.
The entry brings the total number of founder nations intending to join the $50-billion bank to 26, officials said.
Walid Abu al-Khair, founder and director of watchdog group Monitor of Human Rights in Saudi Arabia (MHRSA), was sentenced last year to 10 years in jail.
Up to 45 per cent of IDH could be listed, the company said.
The company was hit by an accounting scandal in Poland and Germany in 2013.
The move is part of a wider Middle East expansion plan to open 55 new branches this year.
The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.
UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC’s decision in November not to cut output had been right.
Brent crude dropped four per cent to below $46 a barrel following a five per cent plunge on Monday.
Emirates Nuclear Energy Corporation (ENEC) completes the concrete dome for the Unit 1 Reactor Containment Building.
The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.
rent crude oil dropped into the $46 area in Asian hours on Tuesday, near a six-year low.
Under the deal, both companies will implement a development plan to create a portfolio of power assets in Africa worth over $500 million.
Both Brent and U.S. crude are at their weakest since April 2009 and have fallen for seven straight weeks.
Doha carrier wastes no time in ramping up operations of new widebody aircraft
The bank attributed its increase in net profit to a rise in total operating income, which gained 13.4 per cent.
Dan Smith, head of Integrated Marketing for MEA, Xerox, shares his thoughts on the IT industry in 2014 and takes a look at the year ahead.
The project will process around one billion cubic feet a day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.
Songbird Estates said the 350 pence per share cash offer did not reflect the value of its property of growth potential.
Banque Saudi Fransi made a net profit of SAR851 million ($226.8 million) in Q4 2014, up from SAR274 million in the same period a year earlier.
Saudi Arabia is unwilling to shoulder any output cut unilaterally and any cut has to be a collective one by all OPEC members, sources say.
Australia’s Qantas tops the list, which also includes UAE carriers Emirates and Etihad.
SAFCO did not provide a reason for the profit drop in the Enlgish results statement.
Quoting from Muslim scholars, Sheikh Munajjid argued that to build a snowman was to create an image of a human being, an action considered sinful under Islam.
Local media reported that the corporation is ready for the privatisation process and for listing on the Saudi stock exchange.
Wynce Low was previously head of debt capital markets for HSBC in Malaysia.
The new company, created through the joint venture, will operate under the Engel & Völkers brand, the developer said.
The amount is expected to finance 523 projects over a period of five years, a senior official said.