The recently launched Town Square project is slated to be completed over 10 years, with phase one set to be ready by end-2017.
The contract was awarded to AIMS Group to develop all road and utility works on the project.
ADNOC said on Wednesday it raised benchmark Murban crude prices to $56.55 per barrel, up $10.15 from the previous month.
Aramex made a 2014 net profit of Dhs318.4 million, the company said.
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.
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.
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.
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.
Passenger numbers climbed to 6.9 million in January from 6.4 million a year earlier.
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.
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.
The bank’s CEO said that the lender is targeting organic growth in the country and globally.
The two-tower complex – split between 464 hotel rooms and 405 apartments – overlooks Dubai Healthcare City.
The suspect, Alaa Bader Abdullah, is charged for murdering Ibolya Ryan and placing an explosive at the doorstep of another Abu Dhabi resident.
Dubai Design District expects to launch 130 smart initiatives over the course of its development.
State-owned Senaat confirmed that it has shelved plans to go public.
Following the deal, Eiffel Management will own 100 per cent of REIT manager’s total issued share capital.