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.
The $200 million investment will build two furnaces with combined output capacity of 33,000 tonnes per annum.
Radio broadcasters Malcolm Taylor and Brandy Scott discuss their views on traffic, world record attempts and how the financial downturn benefited their show.
Property rates in prime locations have increased substantially in the last six months, says new report.
The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.
As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.
DEWA’s $1 billion Islamic bond issued in February drew very strong demand.
The platform allows trading of warehouse receipts, which represent ownership of commodities stored at warehouses.
The company’s profit was boosted by a $249 million gain from sale of non-core assets.
GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.
The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
About 52 per cent of the overall project has been completed so far, say officials.
Y&R Dubai bags agency of the year award for the third year in a row.
The renovation will start on July 8 and is expected to take up to 10 months.
Arranging banks said order books totalled $14 billion, indicating massive demand for the deal.
Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.
Special service marks island’s 45th anniversary of independence – and serves as a capacity-raising hint from the airline
The construction firm already has 60 per cent stake in Target, an oil and gas construction business.
More than $34 billion worth of Islamic bonds have been issued through the London Stock Exchange.
The sukuk, maturing 2023, will have an amortising structure, with an average weighted life of five years.
Investors are starting to buy back into the emirate’s stocks following a recent slump.
Dubai-based entrepreneur Paul Kenny speaks out for the first time on the Tiger Global Management buyout, this year’s most important regional dot-com acquisition.
The bank will use the proceeds to repay part of the Dhs12.6 billion it received from the government in 2008, say sources.
La Petite Maison has its roots in balmy Nice, where the owner serves a glittering set of regulars, including Nicholas Sarkozy and Carla Bruni.
The French game is quickly gaining appeal all over the world.
The new facility is expected to open in the third quarter of 2014.
The asset disposals are expected to result in a net gain of $151 million for DP World and help boost its capital levels.