A statement from the cabinet did not specify a timetable for the market to be opened.
The Marina 101 project in Dubai, being developed by Sheffield Holdings, is slated for handover in early 2015.
The forecast for the iPhones with 4.7-inch and 5.5-inch displays is much larger than the initial order last year for iPhone 5S and 5C models, says report.
In April, the IMF had forecast GDP growth in the Kingdom to reach 4.1 per cent for 2014.
The drop was caused by a provision against a scrapped network sharing deal with Atheeb Telecom.
A final decision on the winning firms is unlikely before early 2015 as the country decides whether to bring in Asian firms or stick with old partners, sources said.
The Indian firm will have 51 per cent ownership in the joint venture called Tech Mahindra Arabia while Saudi-based Midad will have a 49 per cent stake.
Net profit rose to KD28.51 million ($101 million) in the three months to June 30 from KD26.8 million in the same period a year ago.
Net profit in the three months to June 30 was SAR191.2 million ($51.0 million), compared to SAR165.2 million in the same period a year earlier.
The company made SAR3.66 billion during the three months to June 30, compared to SAR1.50 billion during the same period of the previous year.
Dubai Municipality plans to begin restructuring all the major parks in the emirate to make them more accessible for disabled people.
A HSBC survey found that business relationship benefits and competitive pricing were driving UAE businesses to adopt trade in Renminibi.
Saudi Arabia led the GCC activity in the first half of the year with four IPOs, followed by the UAE with three.
STC changed the valuation of last year’s sale of a majority stake in Indonesia’s Axis from a SAR598 million loss to a SAR41 million gain.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the rise to an increase in gains on investments and dividends income.
Arabtec tumbled its 10 per cent daily limit while the Dubai index dropped 3.9 per cent.
A plan is expected to be put together within three months.
Arabtec shares have been swinging wildly in recent weeks, moving the entire Dubai stock market.
The former telecom monopoly, which operates in 19 countries, made a net profit of Dhs2.5 billion.
The start of double-decker services marks the end of a long negotiating road for Emirates and start of new passenger transfer opportunities
New steps include a requirement that firms set up bank accounts for workers and pay wages electronically and a mid-day work ban in summer.
The 13-day bloodshed in the Middle East has cost more than 400 lives.
Tim Clark said domestic regulators may decide to be more involved in giving their carriers guidance on where it is safe to fly.
The ministry asked for a three-month suspension of Al-Wefaq National Islamic Society.
The purpose of issuing bonds is to meet the requirements of Basel III, according to a senior official.
In May, the lender got regulatory approval to purchase much of Barclays’ retail operations in the UAE.
Mohamed al-Mady said the global outlook for petrochemical demand over the next three years is positive.
The first phase of traffic diversion will take place in the Dubai-Abu Dhabi direction near Safa Park, RTA said.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market to close six per cent lower.
Fans from the UAE, Saudi Arabia and Qatar made up 70 per cent of total Middle Eastern spend during the global tournament.