The company will deploy the facility to further penetrate the SME growth finance market in the UAE and Saudi Arabia, it said.
UAE Oil Minister Suhail bin Mohammed al-Mazroui said on Tuesday that OPEC’s decision in November not to cut output had been right.
Brent crude dropped four per cent to below $46 a barrel following a five per cent plunge on Monday.
Emirates Nuclear Energy Corporation (ENEC) completes the concrete dome for the Unit 1 Reactor Containment Building.
The company has purchased plots in Dubai’s Umm Suqeim area and Riyadh’s King Fahed Road to develop its latest projects.
The project will process around one billion cubic feet a day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.
Wynce Low was previously head of debt capital markets for HSBC in Malaysia.
The new company, created through the joint venture, will operate under the Engel & Völkers brand, the developer said.
The new restructuring plan involves repaying early an existing $2.92 billion maturity due in 2015.
The chief executive said that Marka was also looking at four asset purchases in the food and beverage sector,
The facility will now be operational for Etihad’s early morning flights, EY103 to New York JFK and EY183 to San Francisco.
The parent-school contract will cover refund and admission policies, school fees, health, safety provision and transportation.
Damac traded at Dhs3.19, up 14 per cent from its London close last Friday.
The National Programme for Government Communication will run for seven years and cover health, education and the environment.
In 2014, UAE companies, led by Emirates and Etihad, invested $163 million in shirt sponsorship, finds new report.
The Abu Dhabi-based group has seen a number of management changes in the last two years.
Rail projects across the GCC are expected to fuel intra-regional trade while helping reduce fuel consumption.
Certain locations in the city including International City and The Greens offer cheaper monthly mortgages, finds research.
One of the purchases will be of a financial entity, with the second acquisition coming in the real estate sector.
The series of private island villas will be located within the OQYANA World First development forming the continent of Australasia.
The UAE accounted for 54 per cent of BMW’s sales in the Middle East, followed by Saudi Arabia and Kuwait.
The deal was underwritten by Citigroup, Emirates NBD and Societe Generale.
Damac received approval from the UAE Securities and Commodities Authority in December to list on the DFM.
Limitless has been in talks with creditors for nearly a year and in November floated a tentative proposal backed by future cashflows.
DIC has mandated Barclays to explore the options of the possible divestment, sources said.
The transaction was signed at the very end of 2014, sources said.
The upgraded service will increase Emirates’ capacity from Manchester by 13 per cent, the airline said.
The hotel will have 155 standard king rooms, 56 twin rooms and eight Burj View suites, decorated in an Arabian cultural style.
Normal operations are expected to resume by later on Thursday afternoon, the spokesman said.
If approved, Gulf investors will be allowed to own up to 100 per cent of Drake and Scull’s shares.