The project will be connected to DEWA’s grid through a low-voltage distribution board while also being used as a learning tool for the deployment of solar PV rooftop installations in Dubai.
The index defined slavery as the control of people in such a way as to deprive them of their freedom with the intention of exploiting them for profit or sex, usually through violence, coercion or deception.
The firm has set initial price thoughts in the area of 237.5 basis points over midswaps for the sukuk, which is expected to price on Tuesday.
Inflation in the OPEC member, which pegs its riyal currency to the dollar, eased to an annual 2.6 per cent in October from 2.8 per cent in the previous month.
Dubai’s tax-free benefit strategy is becoming eclipsed by the rising costs of housing and education, a new study says.
David Bernstein said the Gulf state is a “totally unsuitable place” to hold a World Cup.
The Capital Market Authority previously said that the Saudi market will open to direct investment sometime in the first half of 2015.
The central bank had sent a notice to all treasury managers informing them that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks if they are in line with the regulations.
The Dubai-based theme park developer is offering 40 per cent of its shares to investors, with each share priced at Dhs1.
Price indications have yet to be confirmed, the document said on Monday.
The International Union of Muslim Scholars urged the UAE to remove it from a list of 85 banned groups that the country had named this week.
With the price of Brent crude oil now below $80 a barrel, down from around $115 in June, the Saudi government may post a budget deficit next year.
Qatar’s labour and social affairs ministry said that it is currently reviewing new labour laws but did not provide any details.
The UAE recently published a list of 85 groups that it labelled as terrorist organisations in a drive against “terrorist crimes”.
The loan book on a gross basis has risen about eight per cent during nine months of this year.
Vietnam’s largest coffee grower is plotting 100 locations across MENA over the next 10 years, according to Nguyen Nguyen, general manager, Trung Nguyen Franchising Corporation.
The recommended minimum monthly salary has risen to SAR1,200 in Saudi, and to Dhs1,500 in the UAE.
The three countries withdrew their ambassadors from Qatar in March, accusing it of undermining their domestic security.
Benchmark brent crude dipped to a four-year low of under $80 per barrel last week, compared with a June high above $115.
MENA Online retailer looks to follow the success of behemoth Alibaba, which generated $9 billion worth of e-commerce sales during China’s recent Singles Day.
Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
The agreement ends a four-year legal row between Nakheel and IFA Hotels And Resorts, which prevented retailers from occupying spaces they paid for on the Palm Jumeirah’s retail strip.
UAE’s first Four Seasons blends leisure and business around an ‘understated’ luxury theme
Dubai airline launches mobile app on iOS first while work is underway on an Android version
Several Western nations warned Russia of further sanctions if it did not withdraw troops and weapons from Ukraine.
Zanganeh did not name the countries but he may have been referring to Saudi Arabia, a dominant force within the Organization of the Petroleum Exporting Countries.
The video did not show the beheading but showed a masked man standing with a decapitated head covered in blood lying at his feet.
The index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The bank did not disclose how much debt would be converted, however 118.61 million new ordinary shares with a value of $0.8431 per share would be issued to IFC subject to regulatory approval.
The project, slated to open by the fourth quarter of 2016, will feature 259 rooms and modern recreational facilities.