The hotel will reportedly be owned by Al Habtoor Group but operated by Hilton Group, according to its current owner Steve Horve.
Indonesia’s oil firm Pertamina is in talks with CNOOC, Saudi Aramco, Thailand’s PTT Pcl and a Japanese oil company to form joint ventures.
The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.
The Hartland International School, the first educational venture by Sobha, is slated to open in September 2015.
GFH plans to acquire established regional companies to build a broader wealth management platform, rather than offer new business lines.
Pakistan will buy about 2.5 million tonnes a year of high sulphur gasoil from state company KPC, with a tolerance level of plus and minus 10 per cent, sources said.
The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.
Brent hit a high of $71.46 a barrel on Wednesday before giving up some gains and moving close to $71.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.
The country ranked 25 globally among the least corrupt countries on the 2014 index compiled by Transparency International.
New route marks first connection between UAE and German city
The network will deliver speeds of up to 225 Mbps, nearly double the average 4G speed in certain parts of Doha.
US officials said that all the requirements have been met for Matthew and Grace Huang to leave the country.
Police are investigating the case and are on the lookout for the suspect.
The central bank will introduce new sharia governance rules to expand the internal sharia review and audit functions.
Oil has fallen since June to reach its lowest since October 2009.
The new entity will combine 11 companies from Mubadala, Tawazun Holding and Emirates Advanced Investment Group.
The operator said it owed Mobily only SAR13 million.
In the first 10 months of this year, traffic climbed 6.1 per cent to 58.41 million.
The government gets about 90 per cent of its revenue from oil exports.
A court decided to drop charges against former president Hosni Mubarak over the killing of protesters in a 2011 uprising.
The agency, established in July 2014, is working on the UAE’s mission to Mars.
The airline will continue to sponsor the club’s shirts until the 2019/2020 season.
Mobily and Zain Saudi are embroiled in a money dispute.
Oil prices rebounded three to four per cent after touching five-year lows on Monday.
Zain Saudi owed Mobily SAR2.2 billion as of Nov. 30, 2013, a statement said.
It said the buyer was a Qatari firm that was not a subsidiary of any listed company, but did not provide further details.
The clothing retailer, which is also selling its menswear brand Hackett, expects binding offers in around three weeks.
The entity has been in talks to extend the maturity of the largest single repayment under a $25 billion debt restructuring agreement.
The District on Saadiyat island, is being developed by TDIC along with L Real Estate.