The loan has been marketed since mid-March, with $1.6 billion of the $2 billion target already pledged by the eight arranging banks.
The developer of shopping malls will go on a roadshow to raise money from institutional investors for the purchase of a minority share in Carrefour.
The word ‘resort’ is used all too frequently in today’s hospitality scene, but Le Royal Méridien is the perfect example of what the term should stand for; a place you should never have to leave.
Mona Tavassoli, founder of MomSouq, tells Alicia Buller why babies are good for business.
Impressive figures from BMW, Audi, Volkswagen and Rolls-Royce indicate the region’s economy is purring along nicely.
Godolphin trainer Mahmood al-Zarooni was banned for eight years by the British Horseracing Authority after 11 horses tested positive for anabolic steroids in April.
The Canadian visa waiver announced earlier this year has still not come into effect, confirmed embassies.
The service will be operated in conjunction with Etihad following the signing of a reciprocal codeshare agreement in February.
Arabtec had said in March that the fundraising was part of a five-year expansion plan.
Majid Al Futtaim Hypermarkets operates 50 hypermarkets and 44 supermarkets under the Carrefour name.
The new structure for Dubai’s government is to be implemented in two years’ time and will be “the Government of the future”.
Ministers in the region are deliberating a 100 per cent increase in duty on tobacco products.
Additional three services a week from June 30 will be operated by B777-300ER aircraft.
Early price talk for the 10-year deal, which is not redeemable for five years, was released at 230 basis points over five-year midswaps.
Thousands of workers stayed away from work from Saturday to demand higher wages.
Sheikh Mansour-owned City will be the majority partner in New York City Football Club along with the biggest name in baseball, the Yankees.
The emirate welcomed 25 new retailers last year, says new study by CBRE.
The International Monetary Fund’s regional report warns unemployment figures and diversifying economies are still an issue.
The twin-tower residential and commercial development will be built in Jeddah’s Corniche area.
Thousands of workers have been on strike since Saturday demanding higher pay.
Deal with Qatar National Bank S.A.Q. and Commercial Bank International covers part of a larger order for 44 A320s placed with Airbus in 2007
The funds raised will partly be used to buy a new vessel, refinance debt and pay investors dividends.
The UAE’s ministry of Labour issued a circular confirming the holiday to mark Isra Wal Miraj.
The state-owned firm built a crude oil pipeline from Habshan to Fujairah in the UAE.
Taken from the Gulf Business Top 50 Banks, these are the biggest banks in the UAE by 2012 total assets.
Opulent devices provide guests with quicker access to services and part of wider technology push
Two Arabtec employees said several thousand workers engaged on various projects did not report for duty on Sunday and stayed in their accommodation.
Good and stable oil prices over the last year were one of the most important factors, according to the National Bureau of Statistics.
The trio, covering in-flight catering, ground handling and cargo, now fall under Etihad Airport Services, a wholly owned subsidiary of Etihad
Focus is currently on the US and Europe but it will come to the Middle East.