The company’s total steel production currently stands at six million tonnes per year.
The 250-room hotel at Dragon Mart will be managed by Accor under the ibis Styles brand.
Fenox Venture Capital firm has inked a partnership with Innovation 360, a Dubai-based innovation consultancy to invest in start-ups in the region.
The Canadian firm may consider exiting handsets and focus on investments, acquisitions and partnerships.
The Saraya Bandar Jissah development includes two hotels to be operated by Jumeirah Group.
Mubadala was last in the market in April 2011 through a $1.5 billion five-and 10-year trade.
The Landmark group hopes to have at least 10 Oasis Centre malls operational across the GCC by the end of 2015.
The project will include 388 serviced living units, with prices starting at Dhs625,100.
Apartment and villa rents in the emirate grew by five and three per cent respectively in Q1 2014, a new report says.
Google, Amazon confirm that their websites are not affected by the bug.
Sipchem made a profit of 68.7 million Saudi riyals ($18.3 million) in the three months to March 31.
Christie is listed as an inventor on nearly 100 Apple patents and has 31 more applications pending with the patent office.
Kuwait, which offered to mediate in the dispute, is planning to present a solution to the two sides soon, a Gulf Arab diplomat said.
Dubai-based Marka said it will introduce global franchises and brands to the Gulf, allowing it to build a customer base quickly.
NCB chairman Mansour al-Maiman said earlier this week that the bank was preparing to list its shares on the Saudi stock exchange this year.
Perdana Quay, launched by Tradewinds Corporation, is an integrated leisure, retail, residential and commercial development.
The lender’s profit was boosted by strong loan growth related to extensive construction spending in Qatar.
Saudi’s Communications and Information Technology Commission named Dubai-based Axiom Telecom as the provisional winner last year.
The Dubai developer said it handed over 400 units during the first quarter of the year.
The law is expected to be ready by 2015, according to a UAE federal minister.
The reduction follows ongoing political unrest in Ukraine.
A ban on sports in private girls schools was officially lifted last year.
The UAE capital recently removed its five per cent rent cap, which is already impacting rates, says CBRE report.
There were no indications that the comments by deputy crown prince Muqrin bin Abdulaziz would be followed by any concrete policies against banks in Saudi Arabia.
The UAE’s official development assistance amounted to $5.2 billion in 2013, up 375 per cent from 2012.
Two of the patients died, six have recovered, while three are undergoing treatment, the official Saudi Press Agency reported.
Rising real estate prices and the Expo win are expected to boost UAE’s economic growth, says IMF.
The bank said it made 1.08 billion Saudi riyals ($287.97 million) in the three months ending March 31.
Saudi Arabia has supplied full contractual volumes to most Asian buyers since late 2009.
Limitless, a former property arm of Dubai World, restructured the Islamic debt facility in October 2012.