The firm will ask creditors to amend the terms of its $2.3 billion restructuring deal originally signed in 2012, sources said.
Overall, salaries in the UAE have risen by 9.97 per cent year-on-year to around $11,224 per month, finds 2015 Gulf Business salary survey.
The Kingdom overtook India to become the world’s biggest weapons importer in 2014, research company IHS said.
Rents in the emirate have surged more than 50 per cent in the last two years, prompting calls for affordable units in the market.
China Harbour Engineering Company will carry out the marine and infrastructure works for the luxury project.
Dreyfus is sending about 280,000 barrels of ethanol from the Port of New York to Jebel Ali in the UAE.
The UAE is weaning itself away from oil and could be almost independent of it by 2021, say senior government officials.
Arabtec said last March that it had reached agreement with Egypt’s army to build a million homes at 13 locations around the country.
The Fujairah port, which lies outside the Strait of Hormuz, a vital Gulf oil export route, has seen a boom in storage facility building since late 2009.
The carrier currently operates three flights a week between Abu Dhabi and the Iranian capital.
The Emirates was the top destination for Muslim tourists in the Middle East, which had five countries among the top 10 in the global list.
US carriers accuse Gulf airlines of receiving more than $40 billion in government subsidies since 2004.
The loan could be worth around $2 billion and enable the EU member to refinance debt.
The museum will produce futuristic inventions and support the UAE’s goals to be the most innovative country in the world.
The Jumeirah Village Circle villas project, launched in December 2013, sold for a combined value of Dhs275 million.
Emirates has said it would look at placing an order for up to 200 A380neo jets to replace its current fleet and drive further expansion.
How will Eurowings’ new low-cost Dubai services fare next winter?
The ministry has urged Emiratis who are currently in India to avoid swine flu –affected areas.
The board recommended Dhs0.15 per share to shareholders, the same as the cash payout proposed for 2013.
Abu Dhabi-owned Falcon said that it will be open to deals in core markets such as the Gulf, Eastern Europe, Africa and South East Asia.
The Abu Dhabi carrier currently flies the jumbo jet to London, and will soon begin A380 services to Sydney.
The contract was awarded to construction firm Al Rostamani Pegel.
The lender has picked six banks to arrange investor meetings across Europe starting Monday.
The two 1970’s-built trains have a combined capacity of 2.1 to 3 million tonnes per annum.
Any issue would be received well by investors as the emirate derives substantial support for being part of the UAE.
The UAE and Saudi Arabia are thinking of beginning their partial operation of the network by 2018, said the country’s minister of public works
Dubai retains the top spot in the MENA region, while Vienna is named as the best globally.
The facility, at Abu Dhabi’s Khalifa industrial zone, will produce 240,000 tonnes of sour grade steel pipes.
The recently launched Town Square project is slated to be completed over 10 years, with phase one set to be ready by end-2017.
The contract was awarded to AIMS Group to develop all road and utility works on the project.