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HuaweiDamac Properties has a wide range of stylish living options across Dubai, including private villas, townhouses and apartments within its two golf course communities, Akoya by Damac and Akoya Oxygen, a limited edition collection of fashion branded homes in collaboration with global brands such as Versace, Fendi, Paramount Hotels & Resorts, and Bugatti as well as hotel apartments and hotels which allow individual investors to capitalise on the emirates booming tourism sector.
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The MoU will enable the regulatory authorities to co-operate on supervisory matters and exchange of information to maintain the stability.
Financial results reflect the company's continued progress on expanding its operations and income derived from its 2015 acquisitions, delivering Dh87.16 million in total revenue for the period and Dh3.88 million Ebitda on an adjusted basis.
The first contact between Adia and Sigma was initiated in 2013 during the InPeru investment road show, arranged by the Trade and Investment Office of Peru in the UAE.
The technology giant had previously said the system would launch in China in early 2016, making it Apple Pay's fifth country as it accelerates development of a planned new revenue stream. ICBC is China's biggest lender by assets.
The earnings rose to Dh750 million in the quarter. For the full year, the net profit rose 13 per cent year-on-year to Dh2.6 billion from Dh2.3 billion in 2014.
The insurance company has reported a net loss of Dh334.5 million for 2015, compared to a net loss of Dh280.4 million for 2014.
In its strategy of expansion into the hospitality business, Nakheel is planning 10 hotels across Dubai. The first opened earlier this month, and six more have been announced or signed.
Frauds by their very nature are difficult to detect as they are designed to deceive and hide, many a time it takes long before the same is uncovered.
The success or otherwise of the complex merger will define the legacy of Shell Chief Executive Ben van Beurden, seeking to transform Shell into a more specialised group focused on the rapidly growing LNG market and deepwater oil production.