The rise in accidents has set the bills soaring for aviation insurers, with firms looking at annual losses worth $2 billion this year.
Talks are at a preliminary stage to sound out banks about what Dubal could raise in the loan market, the sources said on condition of anonymity because the information is not public.
Abu Dhabi firm Trojan General Contracting committed investments worth $16 billion in various infrastructure projects in West Africa.
The North American shale boom has not only cut crude imports into the United States but also turned it into a net products exporter.
About $7.85 billion of orders poured in for the 10-year sukuk ijara from 250 investors on Wednesday.
In a strong measure of support, Saudi Arabia has agreed to host training camps for moderate Syrian rebels.
Dubai-based Topaz Energy and Marine dropped its $500 million London listing plans in March 2011, citing market volatility as the reason.
The company has won four turnkey deals in Oman, bringing the value of its total project wins in 2014 to Dhs4.6 billion.
Luxury brand to follow Four Seasons on Jumeirah Beach Road
Ithmar Capital has sold a 7.3 per cent stake in Al Noor Hospitals, in the first such sell-down since the company was listed in July 2013.
Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.
The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.
The second round of funding comes as the previous allocation of Dhs1 billion was fully assigned to various businesses, the bank said.
Brent crude hit an intraday low of $97.60 on Wednesday, its weakest level since April 18, 2013.
Apple’s new mobile wallet system will be introduced in its iPhone 6 models and the Apple Watch.
U.S. officials declined to specify where on Saudi territory the rebels would be trained.
The San Francisco-based company said it would use part of the net proceeds for general corporate purposes.
About $7.85 billion of orders poured in for the sukuk ijara from 250 investors.
Corpbank, in which Oman’s SGRF is the second-biggest shareholder with a stake of about 30 per cent, was hit by a run on deposits in June.
The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.
The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.
The Xbox and PS4 consoles feature a rose gold case created by Italian jeweller, Gatti, and will be available for sale at the GAMES14 exhibition.
The 277-room hotel, targeting medical tourists will open in 2016, the hospitality firm said.
Total cost for a university education, including cost of living, stands at $30,472 per year in the UAE, finds new study by HSBC.
The reduction comes as oil prices have come under downward pressure from ample supply and concerns about slower global demand.
Final guidance was given at 6.00 per cent while initial guidance had been 6.00-6.125 per cent.
The governor attributed the dip in oil prices to a rise in supply and slower demand over summer.
The requests for proposals were issued by the parent firms to banks on Tuesday, with financing of the expansion to be split between conventional loans and sharia-compliant facilities.
The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $7.5 billion, the document said.
The growth in house prices however slowed to three per cent quarter-on-quarter in Q2.