The two sides agreed terms late last month, but the contract which Arabtec subsequently received included less attractive terms for the company.
The lender has earmarked to price its bond issue at 97.5 basis points over midswaps, a document showed.
Emirates’ operations supported 85,100 jobs across the EU in the 2013-2014 financial year, the company said in a statement.
New visa exemptions and more routes from Emirates helped the country become a popular incentive destination.
Vida Town Square Dubai will have about 180 rooms and serviced residences and will overlook the central park of the development, which is the size of 16 football fields.
The Kingdom also reported four new cases of MERS infections, bringing the total number of infections to 931 since 2012.
A total of 7.25 million passengers travelled with flydubai during the year.
The emirate’s 2014/2015 cruise season has 94 confirmed vessel calls, up from 75 in the previous season.
Convincing Saudi Arabia to accept any agreed nuclear deal is important to the US due to the kingdom’s strategic position in the region.
The bank has picked Abu Dhabi Islamic Bank, Al Hilal Bank, Dubai Islamic Bank, Emirates NBD, HSBC, KFH Investment and Standard Chartered to arrange the sukuk sale.
Revenues of hotels and hotel establishments rose 9.8 per cent last year to reach Dhs23.9 billion, officials said.
The seasonally adjusted HSBC UAE Purchasing Managers’ Index fell to 58.1 points last month from 59.3 in January.
Non-fire retardant cladding poses an enormous risk for high-rises in the UAE, write Barry Greenberg and Michael Kortbawi from Bin Shabib & Associates.
The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors.
Falling oil prices and an imminent liquidity crisis are the other top risks that UAE executives fear might impact their local operations.
The S6 is expected to priced between Dhs2,700 and Dhs2,800 while the S6 Edge will range between Dhs3,000 and Dhs3,200.
Abdullah al-Khalidi, Saudi Arabia’s consul in Aden, was seized in March 2012.
Passenger numbers climbed to 6.9 million in January from 6.4 million a year earlier.
Saudi Arabia’s market lacked clear direction and was nearly flat as oil edged down towards $62 per barrel.
The accounting rules are expected to impact some companies on how and when they recognise revenues, global audit firm KPMG said.
The new non-stop service will begin from June 3, with Bali becoming Emirates’ 148th global destination.
The company cut down the jobs as a result of its transition from a “local to a regional business”, it said.
A number of Gulf-based banks have issued, or are planning to issue, Tier 1 bonds or sukuk, including Dubai Islamic Bank and Doha Bank.
Luxury operator’s arrival further stokes competition in the Kingdom’s five-star sphere
Muhannadi was previously chief executive of QNB Capital, the investment arm of Qatar National Bank, a bourse statement said.
The project comprise of two mixed-use towers constructed above the Union metro station on an area spanning 15,000 square metres.
Mubarak al-Mansouri also dispelled claims that the dollar peg might hurt the UAE’s export competitiveness.
Osama al-Ayoub said the fund was going overweight on Europe because of the European Central Bank’s decision in January to use quantitative easing.
The bank’s CEO said that the lender is targeting organic growth in the country and globally.