The second phase of the UAE railway project, which at 628 kilometres is the longest of the three planned stages, is expected to be funded by the UAE federal government.
Dubai carrier appoints senior managers but will provide no equity.
The International Monetary Fund did not give details of the reforms and government officials were not available for comment.
As per the deal, MBRF will extend part of its land bank to newly launched developer Nshama to build an integrated community project at a central Dubai location.
Listed on the DFM in 2007, the Dubai-based company was formed in 1975 to support the city’s residential development.
Real GDP growth stood at 5.4 per cent in January-March, the slowest rate since the third quarter of 2012.
Amanat will use the funds raised from the offering to establish companies in the healthcare and education sectors.
Up to 80 per cent of the UAE’s food sector is currently franchise-operated, according to Salem bin Dasmal, founder of Silver Spoon Investments.
The Sultanate’s second-largest lender by assets is earmarked to price its deal at 140 basis points, plus or minus 5 bps, over midswaps.
The Middle East and North Africa region is expected to see its digital universe grow by over 600 per cent by 2020, finds new study.
The two brands being launched by Virgin Mobile Middle East and Africa are Virgin Mobile, aimed at the youth market, and Friendi Mobile, targeting Saudi’s expatriate workers.
Gulf states have provided $30 billion in funding over the last decade to develop African infrastructure, a study says.
The loan will pay an interest rate of 120 basis points over the London interbank offered rate (Libor), a filing to the Qatar stock exchange said.
The Saudi Arabian national is being treated in an isolation ward in a hospital while all people she had been in contact with would be checked for symptoms, a health ministry official said.
Bullishness towards Saudi Arabia, which peaked in the July survey due to the announcement of stock market opening to foreign investment, has been declining.
Emirates Group’s east coast resort to unveil new rooms and improved connectivity
Kuwait-born Saad Al-Ajmi, spokesman of the nationalist opposition Popular Action Movement, was one of 18 people to have their citizenship removed.
Intensifying the scale of operations against the militants could send costs soaring to between $13 billion and $22 billion annually, analysts say.
BNA news agency said the court found the nine men – who are all Bahraini-born Shi’ites – guilty of smuggling weapons, including explosives, into the country in a case that dates back to 2013.
The U.N. Security Council last month named six people who would be subject to asset freezes because of their links to the Islamists and threatened sanctions against those who financed the insurgents.
Viva said the launch of its next-generation mobile network – which allows web download speeds several times faster than its predecessor 3G – will help boost its revenues.
The International Diol Co plant, which has an annual capacity of 75,000 tonnes, was shut from Aug. 29 to improve the efficiency of operations.
Shares in the Emaar Malls Group IPO were priced at Dhs2.90 per share, giving an overall sale value of Dhs5.8 billion.
The developer has awarded a contract for the project to Overseas AST Company.
The free zone said that its health insurance solution has been tailored to suit its members so that smaller firms can experience the benefits that are usually available to large corporates.
The Gulf equities fund, domiciled in Luxembourg, has an intial $30 million in assets.
The city has 34 billionaires with a combined wealth of $79 billion, says new report by Wealth-X and UBS.
The rise in registrations on the UAE’s national domain also indicates an increase in the amount of Arabic content online, the telecoms regulator said.
Football fans set to flock to Sevens Stadium to see two giants compete in Dubai Football Challenge
The bank has set initial price thoughts for the $77.6 million issue of five years duration at 165 basis points over New Zealand midswaps, the document showed.