Residential rents in the emirate also rose 24 per cent year-on-year during the second quarter of 2014, according to a JLL report.
Under the deal, Strata will outsource the treatment of composite materials for the production of A380 Flap Track Fairings to PCT.
Arabtec tumbled its daily 10 per cent limit, dragging down the entire Dubai stock market, where the main index dropped 5.4 per cent.
The lender had repaid the rest of its total Dhs12.6 billion of support in 2013.
Aabar’s statement followed media reports last week that said the fund was in talks to buy at least part of the 28.85 per cent stake owned by Arabtec’s former chief executive Hasan Ismaik.
Any potential tie-up between the pair would be subject to both firms agreeing terms as well as receiving the approvals of shareholders and regulators.
The lender reported a net profit of Dhs515.6 million for the three months to June 30, up from Dhs488.3 million in the same period last year.
Net profit fell to SAR7.91 million ($2.1 million) in the three months to June 30 from SAR25.38 million a year earlier, the company said in a statement.
The company earned SAR6.46 billion ($1.72 billion) in the quarter, compared to SAR6.04 billion in the year-earlier period.
Net profit in the three months to June 30 was SAR121.3 million ($32.3 million) compared to 103.7 million in the same period a year earlier.
The project, which has an estimated construction value of Dhs2.5 billion, is expected to be completed by 2016.
The meeting, which will take place in Doha, will be headed by the Gulf state’s emir Sheikh Tamim bin Hamad al-Thani.
A senior official was quoted as saying in the local media that the imams were under investigation “for allegedly failing to highlight the incident in their sermons”.
Shell said that it had wrapped up activity at the well after the negative result, while adding that it remained committed to future plans in Qatar.
The airline said the flight ban to Kiev would remain in effective until further notice.
A document outlining Qatar Mining’s investments showed that the company planned to take a share in a mining site in Mali that is already operational.
Foreign arms deals are giving way to genuine partnerships, and business deals and cooperation agreements with defense and technology companies in other countries.
The economic rebound seen both locally and internationally has seen deal-making revived in the last two years, with many now divesting stakes and looking for new opportunities.
The firm made SAR364 million ($97.1 million) in the three months to June 30, according to a bourse filing.
The Securities and Commodity Authority said a new “technical committee” would ensure the integrity of share trading and prevent any manipulation of stock prices.
UAE and Qatar stock markets rallied sharply over the past year in anticipation of the upgrade to emerging market status by index compiler MSCI.
Under the law, founders of a company can list shares through a sell down of a certain percentage of their existing stock.
The company is reducing the size of its recent Nokia acquisition and trimming down other operations.
The racing stable has appointed John O’Shea as the head trainer for its unit in Australia.
The firm, which runs securities trading in Dubai, made a net profit of Dhs252.5 million.
The planemaker closed the Farnborough Airshow with total orders and commitments for 496 aircraft, including 121 for the A330neo.
New routes will better connect Etihad with Europe and Western Australia, the airline said in a statement.
On Thursday, the Dubai bourse said it was suspending trade in Arabtec pending clarification on media reports about strategic partners’ stake in the firm.
Airlines temporarily operating into Al Maktoum Airport at DWC will return to Dubai’s main airport once it’s back to full capacity.
Housing, water, electricity, gas and fuels recorded price increases of 4.6 per cent during the first six months of the year.