The head of BIE is on an official visit to Dubai to discuss the approaching submission of the Expo 2020 registration document.
The action allows lawyers for the conglomerate to gather the signatures of creditors in support of the deal outside the Dubai World Tribunal.
Trading in Amlak was halted in November 2008 as credit markets dried up and the emirate’s real estate prices began a 50 per cent tumble from their peak.
The deal has garnered more than $3 billion in orders, a document showed.
The non-stop flights are scheduled to begin from September 1, 2015.
China was Dubai’s top trading partner last year, followed by India and the US, official figures show.
Arabtec said it would complete the project in Al Dhahran within 28 months.
Unsecured creditors of the Dubai arm of the Espirito Santo empire will get none of the $14 million they are owed.
The initial guidance for the senior unsecured ten-year sukuk issue is at around 100 basis points over midswaps, a document showed.
Arabtec’s board has approved disposing of Arabtec Saudi Arabia, Arabtec Construction Machinery, Saudi Austrian Arabian Ready Mix Co and EFECO Saudi.
The Dubai-based ports operator said it will help Maldives develop infrastructure, logistics and transport links.
The company made a net profit in 2014 of Dhs4.68 billion last year, up from Dhs3.30 billion in 2013.
The tender covers infrastructure services relocation, shoring works and excavation at Al Khail Avenue.
Arabtec posted an unexpected Q4 loss of $25.7 million, blaming non-recurring general and administrative expenses.
Non-recurring general and administrative expenses jumped 75 per cent to Dhs749.9 million last year.
The funds represented about of fifth of the total amount of so-called ‘black money’ that the authorities suspect was illicitly stashed abroad.
The firm is bidding for the second phase of Etihad Rail project, a senior official said.
Rental returns from the eight-storey tower in Al Warqa will be allocated to the Al Noor centre in Dubai.
The website has a constantly growing user base with 76 per cent of social media users in the Middle East and North Africa region using it regularly.
Alabbar is managing the company’s business on a daily basis and is fully committed to it, Emaar said in a statement.
The firm made a profit attributable to shareholders of $675 million compared with $604 million in the prior year.
The funds will be used to help the company meet commitments at the group and subsidiary levels.
The Central Park Residential Tower in DIFC consists of 426 apartments.
The exchange, which currently trades gold futures, said last year that the spot contract was expected to be for 1 kilogramme (32 troy ounces) of 0.995 purity gold.
Speaking in Washington, he said discussions with US authorities had been “very constructive”.
Emirates airline’s Tim Clark said that some figures in the report are factually wrong and that the airline will set the record straight.
Increased competition in the UAE’s telecoms sector will help make services more affordable for new companies.
The project will be built in the long-term, depending on market conditions, says Ali Rashid Lootah.
The resort will have 136 rooms, residential villas, a polo academy, a polo club and a riding school.
The official did not specify which company will be listed.