Under the law, individuals found guilty of money laundering will face a jail term of ten years along with a fine ranging from Dhs100,000 to Dhs500,000.
The 10-year deal will be linked to the city’s railway project and will handle the procurement, operation and maintenance of the buses.
Planned runway maintenance at Dubai International has significantly increased the number of private and business jets at DWC, according to DC Aviation Al-Futtaim.
The service allows mobile-app makers to insert various types of ads within their software, with Facebook sharing advertising dollars with the developers.
The bank made Dhs636.6 million ($173.3 million) in the opening three months of the year, it said in a statement.
The mega event could shift the balance of employment away from the public sector, a new report says.
It is in everyone’s interest to understand the Heartbleed Bug and its consequences, explains Fatima El Malki, social media manager at Active PR.
The firm made a net profit of Dhs490.3 million ($133.49 million) in the three months to March 31.
The telco made a net profit of 887 million riyals ($243.62 million) in the three months ended March 31, it said in a statement.
Both companies, which became operational in April 2012, are owned by mostly foreign consortiums.
Mobily signed a memorandum of understanding in August with four of Atheeb’s founding shareholders to buy a controlling interest in the firm.
The lender made a net profit of Dhs575 million ($156.6 million) in the opening three months of 2014, it said in a statement on Wednesday.
Backers hope the pieces, once returned to Abu Dhabi, will help create a cultural hub in the Gulf Arab state.
The rules include separating the positions of chairman and chief executive, prompt disclosure of information to the market, and establishing internal controls and risk management.
Subsidies in the major oil producer are expected to cost 5.11 billion dinars ($18.2 billion) next fiscal year to cover items like fuel and energy.
Deyaar made a quarterly consolidated net profit of Dhs52.1 million ($14.2 million) compared to Dhs19.4 million in the same period in 2013.
A royal decree last May ordered the liquidation of the firm, which never launched services despite making a winning SAR1 billion bid for a fixed telecom licence in 2007.
The fashion retailer is planning to expand across locations in the Middle East, Eastern Europe and Central and Southern Asia.
Arabtec is trying to evolve from a local contractor into a multinational development company as its finances are boosted by a recovery in Dubai’s property market.
Additions include a tunnel under the southern runway, nine new aircraft stands and an automated passenger mobility system.
Burdett joins from Australia and New Zealand Banking Group, where he was finance head of its international and institutional banking business.
The former monopoly made a net profit of 14.5 million dinars ($38.46 million) in the three months to March 31.
The company had earlier proposed a cash dividend of Dhs0.1 ($0.03) per share plus bonus shares worth 30 per cent of its share capital.
The new subsidiary specialises in the training of Emiratis across a variety of sectors.
Its total assets grew to Dhs251.2 billion at the end of 2013, up from Dhs239.3 billion on December 31, 2012.
Sources have said that Etihad could invest 500 million euros in return for a 49 per cent stake, but talks reached a stalemate this month when Alitalia raised concerns over the deal conditions.
The contractor has won a series of deals in the region recently, including the development of Abu Dhabi’s main airport and the building of a Louvre Museum.
Heritage said that it was recommending a 320 pence per share cash offer, which represented a 25 per cent premium to its closing price the day before the approach was announced.
Guest numbers in the emirate’s hotels and hotel apartments soared 32 per cent in Q1 2014, authorities say.
The newly launched airport is expected to see a surge in traffic as Dubai International closes for a runway upgrade.