The bank may auction the properties or offer them to be run by other operators, depending on market conditions, an official said.
About 55.7 per cent of retailers in Dubai are international brands while the city attracted 45 new global brands last year.
The project, valued at Dhs700 million, will comprise of 1,000 residential units and will be ready for handover by 2018.
The country shipped 7.898 million barrels per day (bpd) of crude in March, up from 7.350 million bpd in February and 7.474 million bpd in January.
DIB has mandated First Gulf Bank, HSBC, Maybank, National Bank of Abu Dhabi, Standard Chartered Bank and itself to arrange the meetings in Asia and Europe.
The loan was priced at 100 basis points over the London interbank offered rate, with the participation of nine institutions from the GCC.
The statement comes as a conference of Yemeni parties convened in the Saudi capital on Sunday to discuss ways of ending Yemen’s political turmoil.
The deal, rated A1 by Moody’s, has so far attracted orders totalling more than $3.5 billion from investors, a document showed.
OPEC production had not risen by more than 200,000 to 400,000 bpd above its 30 million bpd cap since 2011, an official said.
Emirates’ head Tim Clark has said the airline will opt for either B787-10s or A350-900s in the next stage of its fleet development.
The 5.0 magnitude earthquake hit Oman on Sunday, triggering fears of a tsunami.
Bombings struck the rebel-held presidential palace in Aden’s downtown area.
The BBC’s crew was invited to Doha to film improved accommodation for migrant workers in the country, ahead of 2022 World Cup.
Prices were supported by concerns that conflict in Iraq and Yemen could disrupt production or supply routes.
Nizwa said in February that it saw the proposed merger as a way to speed up its growth.
The Roads and Transport Authority has opened phase II of the main traffic diversion works on Al Wasl Road.
Explosions could be heard near Aden’s airport and the districts of Khor Maksar and Crater, a witness said.
Earlier this year, QP said it would absorb its international unit, QPI, into its structure.
It would be the first bond issue by ICBC through its DIFC branch, underlining the bank’s growing business in the Middle East.
The training centre for children with special needs honoured companies that looked “beyond business” to social responsibility.
The funds are aimed at helping VOX attract a further 50 million customers over the next five years.
The five-day humanitarian truce began on Tuesday to distribute aid to the millions deprived of food, fuel and medicine by weeks of fighting.
The developer has now launched additional units for sale within the project, which is located in its Mudon community in Dubailand.
The maintenance will cost the company around SAR100 million, which will be reflected in second-quarter results.
Construction on the Al Khail Avenue mall will begin this year, with expected opening in 2018.
Waha is looking to invest in sectors with high growth potential such as energy, infrastructure, healthcare and education.
he firm’s net profit in the three months to March 31 was KD11.8 million.
The Abu Dhabi Appeals court had eased the verdicts on the defendants and overturned the school’s closure.
Matthew Boice, VP of Ellucian Middle East, explains why higher education institutions are among the most at risk of cyber attack.
The US leader said that the rare summit with Gulf Arab leaders was “very frank and honest”.