Limitless has been in talks with creditors for nearly a year and in November floated a tentative proposal backed by future cashflows.
DIC has mandated Barclays to explore the options of the possible divestment, sources said.
The transaction was signed at the very end of 2014, sources said.
The upgraded service will increase Emirates’ capacity from Manchester by 13 per cent, the airline said.
The hotel will have 155 standard king rooms, 56 twin rooms and eight Burj View suites, decorated in an Arabian cultural style.
Normal operations are expected to resume by later on Thursday afternoon, the spokesman said.
If approved, Gulf investors will be allowed to own up to 100 per cent of Drake and Scull’s shares.
Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.
A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.
The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.
Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.
Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.
The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.
The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.
The Islamic lender has mandated HSBC and Standard Chartered as the joint structuring banks.
The measure of output growth climbed to 65.0 points in December from 62.8 in November, while new orders were at 65.4 points against 65.5.
The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.
Petra Airlines will be rebranded as Air Arabia Jordan and the UAE carrier will establish a hub at Amman’s Queen Alia International Airport.
There are 10 public holidays for all workers in the public sector.
Passengers said that they were asked to wait in the plane because Abu Dhabi International was too crowded with travellers from other stranded flights.
The firm will seek to sell 240 million ordinary shares at Dhs2.4 ($0.65) each between January 11 and January 25, it said in a statement.
Dubai’s index dropped 3.4 per cent as all but a handful of stocks fell.
Rami Hurieh took over as CFO effective from January 4 after the departure of Jean Ayoub, TNI said in a bourse filing.
Perfume was the top selling product in Dubai Duty Free during 2014, followed by liquor and gold, the airport retailer said.
The new long-term facility was arranged by Abu Dhabi Commercial Bank, First Gulf Bank and Mashreq , the firm said in a statement to the Dubai bourse
The units are expected to open in April 2015, the developer said in a statement.
Dubai’s index dropped 2.4 per cent with most stocks down.
The airport was closed for a little more than an hour from 2.30am local time on Saturday, Etihad said.
Spending this year is projected at about Dhs41 billion ($11.2 billion), up from Dhs37.88 billion in the original budget for 2014, according to state news agency WAM.
Under the new structure, the company will focus on carrying out professional project management, ensure timely delivery of all projects and improve its customer service.