Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
Veteran emerging markets investor Mark Mobius reveals why he wants to double investments in Saudi Arabia.
Kuwait Airways plans to buy 10 wide-bodied A350-900 jets and 15 of the slimmer A320neo.
The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.
Bank of Muscat lost $40 million and UAE-based RAKBANK lost $5 million in the global heist.
The IPO has been postponed pending necessary approvals.
The Kingdom is currently investing heavily in building tourism facilities for domestic visitors.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Bank Muscat had reported in February that its pre-paid travel cards were hit by fraud, forcing it to take a 15 million rial ($39.0 million) loss provision.
Under the deal, the companies would send up to 15.6 million tonnes of LNG each year to their South Hook terminal in Wales from the Golden Pass plant in Texas.
TDIC made a net loss of Dhs2.17 billion in 2012 due to impairments and depreciation compared with a loss of 1.27 billion in the previous year.
Shelly-Ann Fraser-Pryce also featured as a host of Olympic medallists began their build up to August’s world championships in Moscow.
Dozens of activists and political figures have been charged since late last year with insulting ruler Sheikh Sabah al-Ahmad al-Sabah.
With a steady availability of capital, Qatar’s sovereign wealth fund has been making opportunistic investments around the world, especially in Europe.
Omantel made a net profit of $75.6 million in the three months to March 31.
Commercial banks have ensure that at least five per cent of their total loans are given to small and medium-sized firms.
Dubai airline posts net profit of $622 million; Emirates Group profits up 34% to $845 million.
Flights will be diverted from Dubai International Airport to the new Dubai World Central during the 80-day period in May.
The insurance product is designed to boost the credit ratings of sukuk for sovereign issuers.
DFM made a first quarter net profit of Dhs27.03 million.
Nine-seater cinema and private salon among striking features of Dhs85,000-a-night floor
The new decree lays down regulations for the licensing and classifying of hotel establishments in Dubai.
The companies were identified as Al Hilal Exchange and Asia Exchange Centre.
The total known infections worldwide to have risen to 31, of which 18 have died.
The proposed deal is the last big debt restructuring related to Dubai’s 2008-2009 financial crisis.
The resort will be operated by Anantara Hotels & Resorts, which is opening a resort on Palm Jumeirah in Dubai in September.
The company, the Gulf’s largest dairy firm, has previously sold two Islamic bonds in local currency, open only to Saudi institutional investors.
IHG will open its first Staybridge Suites in Beirut in July and a contract should be signed in Dubai “pretty soon”.
The state-owned utility posted a net profit of Dhs106 million dirhams ($28.9 million) for the first quarter, compared with Dhs534 million for the year-ago period.
The U.S. Labour Department issued a report in December, some 20 months after the general strike, that faulted the Bahrain government for the actions it took.