Arabtec is also planning to invest about $60 billion in Egypt over the next three years in sectors such as real estate development, infrastructure, trains, airports, and oil and gas.
The Abu Dhabi carrier has placed its ‘EY’ code on Jet Airways’ domestic services for the first time, as part of the deal.
Emirates has expressed interest in applying the lessons of other Airbus re-engining projects to the four-engined superjumbo.
The super regional mall will be anchored by an IKEA store and will have a gross leasable area of 250,000 square metres.
Both airlines will proceed with final documentation to complete the transaction once the board and stakeholders in Alitalia confirm acceptance of the terms.
The UAE-based conglomerate is seeing a boom in the construction market, says Henrik Christiansen.
Leasing of the properties, which are located on Reem Island, will begin this week.
The 1.3km AKOYA Drive, resembling Rodeo Drive in Beverly Hills and Champs Elysees in Paris, will include F&B options and retail outlets.
The second phase of the project will have over 70 one to three bedroom apartments within a 20-storey tower, Emaar said in a statement.
The legislation aims to protect natural habitats in Dubai and develop and promote ecotourism.
The centre, which will be launched in Q1 2015, will be within free zone technology park, Dubai Silicon Oasis.
Emaar said the loan is repayable in seven years and carries a profit rate of 1.75 per cent over the London interbank offered rate (Libor).
The work on the third phase of the project will start in June and is scheduled to be completed by 2016, RTA said.
Today’s inaugural flight marks Etihad’s fourth US destination and one of the longest flights globally
Revenues rise 47 per cent on back of Etihad Airways’ global connectivity, growing codeshare partners and introduction of three Airbus aircraft
The deal, expected to be in place by the end of 2014, will intensify competition between the two telcos in the UAE.
The emirate came closely behind London, and significantly ahead of New York, Moscow and Shanghai
Only 20 per cent of the funds surveyed expect to increase their allocations to UAE equities in the next three months.
Hasan Ismaik, who took charge early last year, previous held an 8.03 per cent stake in Arabtec.
The new loan replaces an existing facility worth $980 million which was raised in 2011 and was secured against Dubai Mall.
Out of 190,185 mobile number porting requests received, only 55,555 were successfully transferred, the UAE’s telecom regulator said.
The Dubai carrier will also deploy larger Boeing 777 aircraft to Delhi and Hyderabad
Zanzibar Telecom, which uses the brand name Zantel, has struggled against larger rivals Vodacom and Bharti Airtel.
The regulator also granted Samena a waiver in relation to the price it was paying for the RAK Ceramics shares.
The Dubai-based contractor will provide MEP services for the Plaza View project, a mixed-use development.
The move is in line with the UAE’s Vision 2021, which calls for an effective dispute settlement mechanism to attract more business to the region.
The 372-room hotel is part of the developer’s 28,000 square metre expansion of the Ibn Battuta mall complex.
The Bulgari Hotel, located off the coast of Jumeirah Beach Road, will comprise 100 rooms and suites.
The project is intended to increase the quantity of water flow and ensure continuity of supply for current and future projects in Dubai.
UAE contractors United Engineering Construction and Actco General Contracting Company win contract to build the new complex, located in Palm Jumeirah.