Apartments in Sharjah continued to see strong demand, with rents rising by 35 per cent in the 12 months to the end of Q3, a new report says.
A stock market announcement on Nov. 11 said Aabar had become Arabtec’s largest shareholder after hiking its stake to 34.93 per cent through the purchase of shares from Ismaik.
The tender for construction works at the Expo Dubai 2020 site in Jebel Ali is expected to be awarded next year.
The competition will have two extra awards this year, namely the Grand Prix for Good and the University of the Year.
OPEC leader Saudi Arabia signalled on Wednesday it was unlikely to push for a major change in oil output.
The developer did not specify the number of new units set to be launched or the estimated completion date.
RAK Bank, Mashreq and Emirates NBD will offer digital wallets using the MasterPass system in the UAE.
The $2.9 billion theme park complex is located in Jebel Ali and is slated to open in late 2016.
The restaurant will span across 14,000 square foot and will have a network of 30 individual roller coaster tracks that loop, spiral and spin around diners to deliver the menu and food to tables.
The Islamic mortgage lender has been negotiating with creditors to finalise the deal, which was approved by shareholders in September.
The 25-year-old Emirati man had disseminated misleading information at home and overseas about a court case involving the secret organisation, WAM said.
Abu Dhabi-based firms The National Investor and Manazel Real Estate became the first companies to begin trading on the platform.
The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.
The bank has arranged syndications for Turkish borrowers worth more than $4.5 billion since 2010, including more than $2.1 billion in the past 18 months.
The ‘See you in Dubai’ campaign will focus on attracting tourists from markets in Europe, Asia, Africa, Latin America and the Middle East.
Jumbo.ae has been developed in collaboration with Build-a-Bazaar, a subsidiary of Indian e-commerce firm Infibeam.
Bourses in the UAE and Qatar began recouping early-session losses as stocks whose weightings in MSCI’s emerging markets index are set to increase topped trading volumes.
The company plans to use the proceeds to refinance an existing $380 million loan package at a lower interest rate and to provide cash for potential expansion.
A senior official said that the fund will be looking to invest in clean energy since it is an area of interest to both the UAE and China.
EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.
Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.
WAM also cited Mazroui as saying that lower oil prices “will not constitute a disaster for the UAE”, noting that the UAE has managed to diversify its economy away from oil.
Located at The World Islands, the store will be at a depth of four meters underwater.
The new flag-down rate will increase from Dhs3 to Dhs5 during the peak hour timings of 7-10 am and 4-8 pm.
The recently-opened Al Etihad Credit Bureau aims to serve as a safeguard against a repeat of the credit bubble.
Upto 35 per cent of overall infrastructure work on the Dubai Parks and Resorts complex is completed, confirm officials.
The service, which is scheduled to begin on December 1, will boost cargo and passenger capacity by a third on the route.
Hotels can boost in-house guest spending by 37 per cent during pleasant weather conditions by personalising communication to guests, a new study says.
Qatar’s index rose 0.3 per cent while Abu Dhabi’s benchmark edged up 0.1 per cent.
Hamilton went into Sunday’s race 17 points clear of team mate Nico Rosberg but with the German on pole position and an unprecedented double points on offer.