ADIA said John McCarthy will oversee its existing portfolio and originate new transactions.
A two-month shutdown of Oman’s biggest refinery slashed Omani regular gasoline output by 42 per cent in the first quarter of 2013.
Kuwait’s elected parliament has been caught in a long-running power struggle with the appointed government.
The Dubai-listed firm made a first quarter net profit of Dhs21.9 million ($5.96 million), lower than Dhs22.4 million it posted in the period last year.
Centrica and QPI said in April they would buy Suncor Energy Inc’s gas business in Canada for C$1 billion ($986.73 million) in their first acquisition.
Non-oil trade grew to Dhs325.5 billion ($88.6 billion) in the first quarter from 280 billion in the same period last year.
James Hogan says the Abu Dhabi carrier’s one-on-one partnerships are “easier, faster and more cost effective”.
The firm is currently undertaking a KD1 billion debt restructuring plan agreed in 2011.
The Kingdom plans to sell three mobile virtual network operator licences as part of a plan to liberalise its telecom market.
Regional diversity makes Dubai the first choice for Expo 2020 bid, says UK minister.
The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.
The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.
Citymax COO says it would like to build up to five more Dubai hotels – if it wasn’t for the cost of land
During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.
Bahrain’s biggest telecom group has now reported a fall in profit in 11 quarters out of 12 and has seen its market share eroded by rivals.
The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.
On Sunday Saudi Arabia said it had had a total of 24 confirmed cases since the disease was identified last year, of whom 15 had died.
The proposal calls for state-owned Kuwait Airways to buy 25 new Airbus jets and to lease a further 13 to upgrade its fleet but needs government approval.
Elections in December brought in lawmakers seen as more cooperative with the government.
The UAE Foreign Ministry announced that the Emiratis had been released on its Twitter account late on Sunday.
The Saudi Arabian Monetary Agency sent banks a circular in April giving them three months to list the types of jobs that could be reserved entirely for Saudis.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
The oil and gas sector, along with banking and finance, will see wage hikes.
Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
More than three quarters of respondents believe that aims of short-term corporate profitability have led to business damaging decisions.
First-quarter net income rose to $66 million from $57 million in the year-ago period, with operating income up 16 per cent.
A virus from the same family triggered the outbreak of Severe Acute Respiratory Syndrome that swept the world after emerging in Asia and killed 775 people in 2003.
Previously, firms debuting on the Tadawul had unrestricted price movement on their first day of trading, meaning shares often soared before falling back later.