The Meteorological Organisation that it is closely monitoring what is being circulated on social media
Union Properties said on Monday that its board of directors had recommended increasing the cap on how much foreign investors can own in the developer to 25 per cent.
The firm did not say from what level it was raising the limit in its statement to the Dubai stock exchange. Foreigners currently own 4.35 per cent of the company, according to bourse data.
It is the latest move by companies in the UAE and Qatar to raise their limits on foreign ownership ahead of the upgrading of their countries to emerging market status by index provider MSCI in May. The move is expected to bring in significant amounts of new international capital.
Compiled from agencies
The Meteorological Organisation that it is closely monitoring what is being circulated on social media
There have been a series of school fires in the country in recent years, many of them which have turned out to be arson
Salama Alfalacy is into realistic art featuring landscapes and wildlife, while Meera Jamal Al Midfa is setting new grounds in performance art and filmmaking
Dubai Police have asked drivers to be extra cautious
The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
Dubai Police have asked drivers to be extra cautious
The former all-rounder has returned to cricket during the past year after a horrific car crash at the end of 2022
Dubai Police have asked drivers to be extra cautious