Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The e-commerce site will invest the amount in boosting technology and improving its mobile offering.
The five-year deal will be only the fourth Kangaroo transaction from a Middle Eastern bank.
The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.
A Patek Philippe men’s wristwatch, set with 42 emeralds, fetched the highest price at $341,000.
Priced at Dhs439, the device is part of the new Nokia X family of affordable smartphones.
Dubai carrier makes unusual move and decides to drop new route
Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.
The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.
The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.
If it goes ahead, the sale of Mauser would be one of the largest asset disposals by the emirate since its debt crisis in 2009.
Air Berlin needs to remain German so as not to lose its traffic rights outside the European Union, a German weekly reported.
Dubai real estate prices could triple by 2020, writes Peter Cooper.
Only nine funds have been domiciled in the DIFC since its current funds regime was introduced in 2010.
Paris-based Webedia has bought a majority stake in digital media firm Diwanee.
The share sale is expected to take place on Dubai Financial Market around the end of this year.
Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.
The 140 art works auctioned during the event in March raised over $10.6 million, up 65 per cent from last year, said Christie’s.
The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.
The contracts cover projects in its Al Furjan and International City communities in Dubai.
Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million
Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.
The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.
The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.
The lenders – Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank – are now the frontrunners to acquire the business.
The number of firms operating under DSOA grew to reach 929, the company said.
The sector contributed around Dhs117.4 billion- 8.4 per cent- to the UAE’s GDP in 2013.
Microsoft announced that its new gaming console will be made available in 26 additional countries.
The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.
PepsiCo SSFL will supply its premium salty snack in all BinHendi food and beverage outlets across the UAE.