Emirates boss Sheikh Ahmed bin Saeed Al-Maktoum said the deal was worth “above $10 million”.
Emirates National Oil Company (ENOC) aims to reduce imports of extra light oil from Iran.
The lender said it recorded healthy growth across its asset and deposit bases last year.
The logistics firm is eyeing acquisitions and joint ventures in Africa, Central Asia, and Asia.
The emirate’s detailed new standards are expected to provide assurances for sukuk holders and traders.
Sheikh Mohammed has ordered work to start on the Dhs2.5 billion Nakheel Mall project in Palm Jumeirah and Dhs800 million Pointe project.
Can-Can is perfectly anonymous but also perfectly convenient, particularly if you’re paying the bill.
Although revenues rose 20 per cent during the quarter, the developer’s profit was hit by rising costs.
The lender’s profits rose on lower impairments and increased non interest income.
Golf Digest Middle East editor Robbie Greenfield with interviews and analysis on the historic tournament.
Simultaneous launches took place around the world including in Dubai.
The most significant price rise was seen in villas located in premier locations, finds new report.
Tamweel has been the focus of a full takeover offer by its majority shareholder Dubai Islamic Bank.
Most of its staff moved to Khalij Islamic, another investment firm with offices in London and Dubai, says sources.
The Dubai index is buoyed by foreign investors buying into the emirate’s economic recovery.
The port operator posted a 2.4 per cent rise in gross volume from 54.7 million in the previous year.
New services to Haneda Airport will provide Japanese exporters and passengers more flexibility when connecting to the airline’s global network.
Airport beats forecasts by one million and has London’s Heathrow “firmly within its sights”.
The Higher Committee will use the World Economic Forum to promote Dubai’s bid.
International investors may be allowed to start businesses in the UAE in partnership with nationals from the wider GCC region.
Nakheel made a Dhs2.02 billion ($550 million) profit last year, on revenue up 91 per cent to 7.8 billion.
The two-tranche bond includes a $500 million 30-year conventional bond and a $750 million 10-year Islamic bond.
The sector is receiving interest from investors because of double-digit growth.
The emirate issued a $750 million 10-year sukuk, as well as a $500 million 30-year conventional bond.
Around 14,000 people are now employed in the Dubai International Financial Centre.
The company, which is expanding rapidly, aims bid for Egypt supermarket chain Metro in the first quarter of 2013.
The firm is currently in the process of a complete takeover by Dubai Islamic Bank.
The government has mandated four banks to arrange the Islamic bond, according to sources.
The emirate’s property market posted a strong recovery in 2012 with upward trends for sales and leasing, says CBRE report.
The airline operates the largest A380 fleet globally and will be “a powerful tool” to further Dubai’s bid.