The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
Hani Hussein came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Co.
The Gulf state has one of the highest energy consumption rates per capita in the world, with the average Kuwaiti using 22 times more resources than the country provides per person.
The terminal will have a storage capacity of over 240,000 cubic metres and will be HTL’s second project in the emirate.
The Kuwaiti index climbs 2.1 per cent to finish at 8,322 points.
The second tower of the Dubai real estate giant’s Burj Vista development will feature 20 storeys, housing one, two and three-bedroom apartments.
The Dubai-based developer appointed Hawary Marshad, who will replace Yawar Pasha as CFO.
Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The Dhs400 million tower includes 220 serviced living units in Dubai’s Burj area.
UAE’s Etisalat has reportedly offered a higher price than rival Qatari bidder Ooredoo for Vivendi’s 53 per cent stake in Maroc Telecom.
Emirates’ passengers connecting in Australia will most likely board the new-look aircraft
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 virus, which can cause coughing, fever and pneumonia, emerged in Saudi Arabia last year and has been found in 33 people there, killing 17.
Qatar last month proposed that the organization leave Montreal due to its cold winters and distance from Europe and Asia.
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.
Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years.
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 merger between Al Salam Bank and BMI Bank will create a lender with assets of around BD1.7 billion.
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.
The new aircraft will be deployed on flights to Amsterdam, Amman, Cairo, Colombo and Chennai
QPI will contribute specifically to the French company’s Moho North oil project.
Qatar Holding, along with Azerbaijan’s SOFAZ and Norges Bank Investment Management, invested $479-639 million each in VTB.
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”.