The developer said it has instructed Deutsche Bank, the registrar and paying agent for the sukuk, to pay the amount to trade creditors.
The document is issued immediately via a secure website and can be obtained online from anywhere in the world.
The sharia-compliant investor defaulted on a $100 million Islamic bond payment in 2009.
Four Qatari police officers were among those arrested, according to a state newspaper.
Will Dubai’s massive fashion industry investment propel it to the big league?
The Middle East’s largest cinema group has aggressive plans to expand into Qatar and Bahrain in the coming year.
The lifestyle development, located within DWC, will include a golf course, hotels, retail outlets and a business hub.
If you are still frantically searching for that elusive “perfect” Christmas gift, Gulf Business offers tips for unique and festive gift options.
The second and third most popular buzzwords in the UAE were ‘effective’ and ‘strategic’.
The Abu Dhabi carrier is expected to decide on whether to buy a stake in the troubled Italian airline “just before Christmas”, a source said.
Global operator plans to have 10,000 rooms in the city by 2020
Both du and Etisalat have said they will no longer offer the new social media service.
Dubai will spend $8.1 billion on roads, an airport, hotels and an extension to its rail network in preparation for the 2020 world fair.
The U.S. Defense Secretary met with Qatari Emir Sheikh Tamim bin Hamad and Defence Minister Hamad bin Ali al-Attiyah.
The IMF forecast in November Qatar’s oil GDP would grow just 0.4 per cent in 2013 and decline by 1.1 per cent next year.
The firm will focus on investing in high impact Middle East tech start-ups, say founders Paul Kenny and Arya Bolurfrushan.
Despite experiencing cyber attacks, the majority of Saudi Arabian consumers have not installed anti-virus software on their systems.
Aramco has the option to reduce monthly sales volumes to term buyers.
The $1 billion project will offer 479 rooms and suites and 222 Viceroy Residences with sea views.
Abu Dhabi has grand plans to develop its permanent cruise terminal facility to cash in on the emirate’s growing cruise tourism market.
The group hopes that the investment will create employment opportunities for around 1800 to 2000 people.
The carrier said its 14 weekly passenger services will continue to operate through Dubai International.
National Bank of Abu Dhabi plans to add around 900 jobs to its current headcount of 6,500 next year.
The country’s finance minister said that Qatar would focus on the local market.
The UAE’s e-commerce industry has good growth potential and infrastructure but poor consumer behavior and market size.
Abu Dhabi’s Mubadala Development Co, Qatar Petroleum and Oman Oil Co have formed a consortium.
Protesters, including nine former lawmakers, stormed parliament in 2011 demanding it should be sacked.
In a rare interview, Al Habtoor reveals his plans for building one of the biggest destinations the UAE has ever seen.
The original target was for industry to contribute 19 per cent of the economy by 2020 and 24 per cent by 2030.
The Kuwaiti carrier has placed an order for 10 A350-900 and 15 A320neo family aircraft.