Dubai Investments previously said that it was close to two acquisitions, worth a combined value of Dhs400 million ($109 million).
The facility will cater to the small and medium companies in the global maintenance, repair and overhaul (MRO) sector.
Waha made a net profit of Dhs142.1 million in the last quarter of 2014 compared to Dhs75.6 million in the same period a year ago.
The outlook for UAE banks in the near to medium term remains favourable, writes Nelson.
As Lego opens its first Middle Eastern store, regional director Simon Bast explains where the toymaker is placing its bricks.
The DFM General Index retreated 2.6 per cent in January.
Abu Dhabi grabbed the top spot in the region, ranking 25 among the top 50 safest cities in the world.
The company is looking to expand its presence in Saudi Arabia and the UAE.
ADNOC awarded Total a 10 per cent stake in the main land-based concession for 40 years starting Jan. 1, 2015.
The bank made a net profit of Dhs1.55 billion ($422 million) for the last quarter of 2014.
The group is planning to open 40 new medical centres as part of its expansion in the region, a senior company official said.
Construction of the villa project has already begun and it is due for completion at the end of 2015.
The lender was one of 10 bidders for the business put up for sale by the U.S. bank in October, a source told Reuters earlier this month.
Emirates’ superjumbo network in European grows to 13 points
The weekend Abra service will run from Souk Qaryat Al Beri to Eastern Mangroves, with stops at three five-star hotels.
NBAD made a net profit of Dhs1.372 billion ($373 million) in the last quarter of 2014.
The company won five golds and a grand prix during the Dubai Lynx awards last year.
The 2015 budget will also provide job opportunities to 1,000 Emiratis, a finance department official said.
Drake & Scull Engineering will provide MEP services for an under-construction hotel and apartment complex.
Gunshots were fired at the flydubai flight when it was landing at Baghdad airport on Monday evening.
New regulations being planned by the UAE will ban the use of UAVs near airports, residential areas and other public properties.
It would be the third purchase by the privately-owned investment firm in the non-banking financial services sector in recent months.
The Abu Dhabi airline is offering passengers travelling on January 27 and 28 the option to postpone their tickets.
The Dubai carrier is one of the few major airlines that does not hedge its fuel bill by buying future stocks of jet fuel to minimise the effect of price spikes.
The Dubai residential bubble has “deflated,” with transaction prices expected to fall up to 10 per cent this year, says JLL.
Authorities have forecast that 79 million passengers will travel through Dubai International Airport in 2015.
The bank reported a net profit of Dhs436 million ($118.7 million) in the last quarter of 2014.
The retail group said that it aims to double the size of its business within the next five years.
Emirates Airlines, flydubai, Air Arabia and Etihad Airways suspended flights on Tuesday, in line with a directive from the UAE’ civil aviation authority.
Tawreeq Holdings developed the concept over the past year and a half, aiming to give smaller firms a funding alternative to bank loans.