With oil prices down sharply from June 2014 levels, and economic growth lagging, lending in the UAE is anticipated to slow in 2015.
With swelling advertising budgets and projects such as the Dubai Design District, the emirate is pitching its creative credentials.
Uncomfortably close to the 2018 completion date, the GCC rail project is swamped by delays and challenges.
Speculation persists that Mohamed Alabbar and Emaar could soon part ways despite a categorical denial from the firm last month.
The Abu Dhabi carrier agreed to buy a 33.3 per cent stake in Lugano, Switzerland-based Darwin at the start of 2014.
The first phase will consist of 100,000 units to be built in Egypt’s El Obour and Badr districts.
Downtown Views will have 418 residences and will feature one, two and three-bedroom apartments as well as a collection of duplexes.
The fund said in a statement it made a net profit of Dhs1.04 billion in 2014, down from Dhs1.45 billion in the previous year.
Air traffic disruptions have been confirmed in Dubai and parts of Saudi Arabia.
Many flights coming into Dubai from South Asia, Iran and the GCC region have been delayed or cancelled.
The 300,000 sqft mall, located within the Living Legends development, is set for completion by the end of 2016.
The carrier will operate three flights per week to Chennai.
The terminal, in Prince Rupert, British Columbia, has a capacity of 850,000 twenty-foot equivalent unit (TEU).
The law reduces the minimum “free float” of shares in company flotations on the UAE’s two main stock markets to 30 per cent from 55 per cent.
Brent crude oil futures reversed early losses to rally to $55.50 barrel.
The portfolio of loans was mostly to large United Arab Emirates-based companies.
The UAE is building an LNG import facility in Fujairah, known as EmiratesLNG, with a capacity of nine million tonnes a year.
The emirate recorded rental growth of 8.1 per cent last year, found Knight Frank’s global index.
The lender has set price guidance for the bond, which will boost its Tier 1 — or core — capital, at 5.875 per cent on Wednesday.
The residential project will feature 99 four-bedroom villas priced from Dhs7.7 million onwards.
The bank currently holds 86.5 per cent of Tamweel.
The company lost Dhs3.63 billion in the fourth quarter of 2014.
An onboard warning system in cockpits alerted the pilots of an impending collision, averting a major accident.
Sam Deeb, the group’s CFO, was appointed in January 2014.
Under a public-private partnership arrangement lasting 27 years, water will be taken from the Nyabarongo River and treated for use in the capital Kigali.
W Motors, makers of the Lykan supercar, confirmed that work on the facility was progressing well.
The move by the Abu Dhabi state-owned investment fund casts doubt on whether this key part of the emirate’s infrastructure plans will go ahead.
A legal team has been assigned to build a framework by May this year for the eventual introduction of VAT in the region.
The new zone will feature theme park attractions inspired by Lionsgate’s blockbuster motion picture franchises The Hunger Games franchise and Step Up.
Raja Ghanma has been promoted from chief operating officer to CEO of Arabtec Construction, Arabtec Holding said in a bourse filing.