Lower oil prices had only a minor impact on UAE credit conditions, with no effect on demand for business loans or credit standards, a new survey shows.
Villas range from three to six bedroom units with prices starting at Dhs1.7 million.
Currently, a fixing is scheduled for every day other than Friday.
The mixed use project, in Dubai, is scheduled to be completed by 2016.
The contract has been awarded to build the bridges linking the project to the mainland.
Aldar Properties CEO Mohamed Al Mubarak says the company is looking to launch 5,300 units over the next four to five years.
The loan consisted of three portions lasting between five and seven years.
The developer is offering 1.3 million sq ft of new shop and showroom space in its mixed use development.
The majority of UAE residents want to leave behind an inheritance but only a fraction are confident of doing so, a new survey says.
Grant Gillon has been appointed the acting chief financial officer of TAQA.
Two of the airline’s three daily flights to London will now be operated by the jumbo jet.
The emirate’s tourism promotion agency said that it has outlined a clear plan to attract tourists and improve their experience.
The deal for the leasing of three Bombardier Q400 NextGen planes is worth $94 million at list prices.
A JV formed by New World and ADIA will buy stakes in three Hong Kong hotels.
Huawei’s 2015 Global Connectivity Index ranked the Emirates for its strong support for mobile adoption and widespread access to information and communication systems.
The lender reported a marginal increase in first-quarter net profit.
The company attributed the growth in profits to a strong performance by its development business.
The conglomerate said its net profit was Dhs282 million in the first quarter of 2015.
The unit made a net profit of Dhs433 million in the first quarter of 2015.
NBAD made a net profit of Dhs1.42 billion in the first quarter of 2015.
The size of the issue was capped at $500 million and books exceeded $650 million with more accounts to respond.
The company has acquired Abu Dhabi-based Americare Group and Sharjah-based Dr. Sunny Healthcare Group.
One third of companies in the country have increased counter offers to avoid losing key employees, finds Robert Half survey.
Sharjah-based Air Arabia, which bought a 49 per cent stake in Petra Airlines in January, has rebranded the airline as Air Arabia Jordan.
Rated Baa1/A+ by Moody’s and Fitch, ENBD has mandated HSBC, Morgan Stanley, Standard Chartered Bank and itself as bookrunners.
Rents in the emirate, on average, remained flat during the first quarter of the year, the report found.
The new Safi community will feature studios and one, two and three bedroom apartments.
Last June, the company sold $4.3 billion worth of maiden bonds in four tranches.
The firm made a net profit of Dhs487.1 million in the three months to March 31.
The museum, located next to the Union House in Dubai, will showcase the events leading to the formation of the UAE.