About $7.85 billion of orders poured in for the 10-year sukuk ijara from 250 investors on Wednesday.
Luxury brand to follow Four Seasons on Jumeirah Beach Road
Ithmar Capital has sold a 7.3 per cent stake in Al Noor Hospitals, in the first such sell-down since the company was listed in July 2013.
Emaar plans to sell a 15 per cent stake in its retail business unit in a $1.4 billion IPO next week.
The retailing unit of Emaar Properties will launch an IPO on the Dubai Financial Market on September 14.
The second round of funding comes as the previous allocation of Dhs1 billion was fully assigned to various businesses, the bank said.
Apple’s new mobile wallet system will be introduced in its iPhone 6 models and the Apple Watch.
About $7.85 billion of orders poured in for the sukuk ijara from 250 investors.
The residential development will comprise 93 four-bedroom villas, with pre-launch prices starting at Dhs2.9 million.
The company is also offering to return cash throughout the loan’s lifespan, more assets as collateral, a higher interest rate and an early repayment of a first tranche of money due next year.
The Xbox and PS4 consoles feature a rose gold case created by Italian jeweller, Gatti, and will be available for sale at the GAMES14 exhibition.
The 277-room hotel, targeting medical tourists will open in 2016, the hospitality firm said.
Total cost for a university education, including cost of living, stands at $30,472 per year in the UAE, finds new study by HSBC.
The emirate, which is issuing sukuk with an ijara structure, has garnered orders worth about $7.5 billion, the document said.
The growth in house prices however slowed to three per cent quarter-on-quarter in Q2.
The company plans to float its unit Emaar Malls Group (EMG) this month and subscriptions for the shares will open on Sept. 14.
The offer is rated Baa1 by Moody’s and A-plus by Fitch, and is expected to price on Wednesday.
Dubai-based hotelier says it is in talks with developer Meraas to operate the first VENU hotel in the Bluewaters Island development.
Stephen Kersley has resigned and Ryan Wong will take over as acting head of finance effective October 1, the company said.
The new devices were described by Apple CEO Tim Cook as the company’s “best phones ever made.”
Majid Al Futtaim Finance has partnered with Rovio Entertainment, which owns the Angry Birds brand, to create the prepaid card for UAE customers.
The revamped runways at Dubai International Airport are equipped with better technology that will help push up the number of arrivals an hour, an official said.
The UAE, specifically Dubai, has been exemplary in diversifying revenue streams, stated a report by Alkhabeer Capital.
The U.S. dollar transaction, will be of benchmark size – traditionally understood to mean worth upwards of $500 million.
The U.S. dollar bond will be issued through a special purpose vehicle incorporated in the Cayman Islands.
The project features two residential towers connected by a podium and includes 280 units.
The new centre will coordinate innovation in government entities, the Dubai ruler said.
The recently launched Montrose project incudes two residential towers and one hotel tower.
Oman’s State General Reserve Fund, Royal Dutch Shell and existing investors in GlassPoint will inject the money, which will be used to accelerate the deployment of solar steam generators.
AstroLabs Dubai, which will be situated in Dubai Multi Commodities Centre Free Zone, is scheduled to open in 2015.