Borouge is a joint venture between state-owned Abu Dhabi National Oil Company and Austria’s Borealis.
A possible merger of the Abu Dhabi Securities Exchange with the Dubai Financial Market has been discussed on and off for years.
The Abu Dhabi Financial Centre will have its own administration, court system and tax incentives to attract banks and companies from around the world.
Online job postings in Banking, Finance, Services and Insurance (BFSI) saw the largest growth, rising by 27 per cent, the index showed.
Suhail bin Mohammed al-Mazrouei also said that the UAE would not panic over low prices and the market would eventually stabilise itself.
The company’s statement follows reports that it had assigned a consultant to advise on potential take over bids.
The airline will also review the amount of time its flights can be on the tarmac with passengers on board, following reports of passengers being held on a plane for nearly 12 hours.
The Islamic lender has mandated HSBC and Standard Chartered as the joint structuring banks.
The measure of output growth climbed to 65.0 points in December from 62.8 in November, while new orders were at 65.4 points against 65.5.
The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.
Petra Airlines will be rebranded as Air Arabia Jordan and the UAE carrier will establish a hub at Amman’s Queen Alia International Airport.
There are 10 public holidays for all workers in the public sector.
Passengers said that they were asked to wait in the plane because Abu Dhabi International was too crowded with travellers from other stranded flights.
The firm will seek to sell 240 million ordinary shares at Dhs2.4 ($0.65) each between January 11 and January 25, it said in a statement.
Dubai’s index dropped 3.4 per cent as all but a handful of stocks fell.
Rami Hurieh took over as CFO effective from January 4 after the departure of Jean Ayoub, TNI said in a bourse filing.
Perfume was the top selling product in Dubai Duty Free during 2014, followed by liquor and gold, the airport retailer said.
The new long-term facility was arranged by Abu Dhabi Commercial Bank, First Gulf Bank and Mashreq , the firm said in a statement to the Dubai bourse
The units are expected to open in April 2015, the developer said in a statement.
Dubai’s index dropped 2.4 per cent with most stocks down.
The airport was closed for a little more than an hour from 2.30am local time on Saturday, Etihad said.
Spending this year is projected at about Dhs41 billion ($11.2 billion), up from Dhs37.88 billion in the original budget for 2014, according to state news agency WAM.
Under the new structure, the company will focus on carrying out professional project management, ensure timely delivery of all projects and improve its customer service.
Jain was previously executive director of finance and group chief financial officer at Emaar, according to the company’s website.
Dubai’s stock index edged up 0.5 per cent in relatively thin trade while Abu Dhabi’s bourse was up 1.6 per cent.
As the countdown to 2015 begins, Gulf Business rounds up a list of new year’s eve parties that are creating a buzz.
The DFM General Index tumbled 5.4 per cent, the steepest retreat since December 16.
Passenger traffic related to Russia and other countries in the Commonwealth of Independent States plunged 18.2 per cent from a year earlier in November, Dubai Airports said.
The fuel retailer has slashed the price of diesel by an additional 20 fils to Dhs3.10 per litre as of December 30.
The 2015 budget is around 23.44 per cent larger than the previous year, a senior official said in a statement.