Capital raised from the IPO will be used to expand the company’s waste management and mass accommodation services for workers on construction projects.
Officials from the European Union and the UAE signed the final agreement, validating visa free travel for Emiratis to the EU region.
The opening of Aloft, Studio M and Millennium will see the addition of around 1,300 new hotel rooms.
The index identifies New York, London, Singapore, Paris and Hong Kong as the top five performing cities globally.
Prime house prices in Dubai fell 1.1 per cent year-on-year in Q1 2015 while showing a 1.9 per quarter-on-quarter decline.
The airline’s Chairman and CEO Sheikh Ahmed bin Saeed al-Maktoum said lower oil prices had saved Emirates around Dhs2 billion during the financial year.
Tabreed said the bond buyback will be financed through a new loan it secured during a debt refinancing last year.
The unmanned probe, named Hope, will collect data that will help scientists learn about the atmosphere in Mars.
Abu Dhabi businessman Mohamed Thani Murshed Ghannam al-Rumaithi was elected as the new chairman.
The island will consist of a Butterfly House, a literature pavilion and art sculptures, the emirate’s agency said in a statement.
Sources told Reuters last month that the firm could raise between $750 million and $1 billion from the senior unsecured Reg S/Rule 144A issue.
Output, new orders and employment all rose more quickly during the month, with the output index climbing to 62.0 points from 60.7.
The group is looking to open a hotel in London in order to attract GCC tourists travelling to the UK.
Qatar is expected to create the most number of jobs in the Gulf this year as it readies for the World Cup in 2022.
At least nine new Hyatt-branded hotels are expected to open across the GCC by 2017A
The airline’s president Tim Clark states that its success is making Emirates a “scapegoat.”
New official report says a total of 13.2 million tourists visited Dubai last year.
ADIB made a net profit of Dhs450.8 million ($122.8 million) in the first quarter of 2015.
The state news agency said that the authorities resolved the situation using “appropriate standard procedures” after landing at the base.
The project will house more than 2,000 hotel apartments and residences.
The developer will partner with Spanish hotel operator RIU Hotels and Resorts to build an all-inclusive four-star resort in Dubai.
The firm is looking for what bankers termed “incremental finance”, sources said.
The developer made a net profit of Dhs1.03 billion ($280.4 million) in the first quarter of 2015.
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.