The issue was three and a half times oversubscribed with more than 160 orders received from regional and international investors.
Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.
The company also said that it’s on track to complete its sukuk refinancing in the second quarter of the year.
Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.
Start-ups are sprouting up across the country and speedily gaining access to investor support.
Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.
Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.
Phase one of the serviced apartments are all gone with phase two to go on sale in April.
The bank has given initial approval to a proposal by the country’s commercial banks on setting limits for residential mortgage loans.
This is the UAE’s first state visit to the United Kingdom since 1989.
Etihad airline may become a strategic partner of Belgrade’s loss-making JAT Airways.
Seventeen cases have been announced since the WHO issued an alert for the “novel Coronavirus” in September last year.
New developments planned at the mall include easier Metro access and improved food court facilities.
The deal has just received conditional approval from Australia’s regulatory body.
The Australian Competition and Consumer Commission said the airlines had to maintain at least their pre-alliance capacity on routes between Australia and New Zealand
The American fashion label will launch its first Middle East store in the emirate in 2014.
The world’s richest horse race will take place in Dubai on Saturday, March 30.
Zack Shahin has been convicted of embezzling Dhs30 million along with the three other men.
The facility is part of the company’s expansion strategy and is expected to generate over 2,000 jobs in India.
Kerzner sold its stake in Dubai’s Atlantis resort to state-owned Istithmar World for $250 million.
A joint venture between Taylor Woodrow and Abu Dhabi contractor Fibrex will work on the airport’s expansion.
The emirate’s airport handled 5.1 million passengers in February.
Arabian Radio Network announce the new 24-hour channel in response to growing demand from Filipino nationals.
The Dhs50 million facility was signed by Noor Islamic Bank and Commercial Bank of Dubai.
Two-way trade between Dubai and Iran was roughly Dhs25 billion last year.
The dollar-denominated deal aims to boost the bank’s supplementary capital.
People of the UAE “deserve the best,” Sheikh Mohammed said at the first meeting of the country’s new cabinet.
The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.
The Dubai-based construction company is building a twin-tower project in South Cairo.
This is the second time that the meeting has been rescheduled.