DEWA’s customers conducted around 3.3 million transactions in 2013 through its website and smart app, its chief executive said.
Dubai’s index drops 2.3 per cent while Abu Dhabi’s benchmark slides 1.4 per cent.
No figure for the amount of debt renegotiated was given in the statement, but bankers had previously said it was in the region of $4.5 billion.
The level of Aabar’s stake in Arabtec is important because the deep-pocketed fund has backed the construction firm’s expansion to become one of the region’s largest builders.
The investment firm will acquire 250 million shares from the ruling family of Ras Al Khaimah.
In a brief statement on Sunday, Dubai Financial Market said the stake had now risen slightly to 18.94 per cent.
The move reflects a rebound in investor confidence in the JLT development, says chairman.
The country recently revised a standard form contract, which regulates the relationship between domestic workers and their employers.
Dubai house prices posted the fastest year-on-year rise of any of the world’s major markets in January-March, soaring 27.7 per cent.
Abu Dhabi-based Etihad is prepared to invest up to $1.70 billion over the next four years.
Weilers reveals why the South African hotel operator opened its first Middle Eastern property in Abu Dhabi.
Job opportunities in the hospitality sector have increased due to the growing number of hotel projects in the region.
Al Hilal will meet investors in the Middle East, Hong Kong, Singapore, London and Switzerland between June 15- 23.
Etisalat sold $4.3 billion worth of bonds in four tranches on Wednesday.
All 64 games will be transmitted live by IMG Media using Etihad’s inflight entertainment system, E-box.
Arabtec shares dropped 2.4 per cent, a much smaller fall than the 7.8 per cent drop on Tuesday.
JP Morgan is acting as the global coordinator for the bond sale.
The issue’s success was due partly to factors specific to Etisalat, including its state ownership and healthy financial profile.
Arabtec shares have plunged 30 per cent in the last four days as a major shareholder, Aabar, cut its stake in the company.
Aabar cut it stake from 21.6 per cent to 18.85 per cent since Sunday.
The IMF warned that with rent controls recently loosened, there is a risk that rising real estate prices will lead to a hike in inflation in the UAE.
Etihad is looking to invest up to $1.7 billion in Alitalia over the next four years.
The café, themed around Spanish club Real Madrid, is located in The Beach Mall in JBR.
The 10-year sukuk received orders worth more than $5.4 billion.
The Dubai carrier cancelled its entire order of 70 A350 XWB aircraft following a “fleet requirement review”.
The developer said it has instructed Deutsche Bank to make the payment on the due date of June 15, 2014.
The $750 million Islamic bond received orders worth more than $5.5 billion from investors.
Construction firm Alba Tec won the contract and will build landside infrastructure and new marina facilities at the port.
Share prices in Dubai builder Arabtec fell 24 per cent in the previous three sessions.
Emirates placed the order for 50 A350-900 and 20 A350-1000 jets in 2007.