Kuwait’s gridlocked political situation is stymying its banking sector.
Oman’s economy and its banking sector are performing well.
Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.
The project, located in Turkey’s Afsin-Elbistan region, is expected to start production in 2018.
Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.
The telecoms operator plans to use the funds for the future growth of its business.
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
High oil and gas prices and a large-scale infrastructure programme buttressed Qatar’s banking sector in 2012.
The government spent $780 million to create 36,000 jobs for Omanis last year.
The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.
EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.
Qatar telecom, along with its Kuwaiti arm Wataniya, now owns a 90 per cent stake in Tunisiana.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
German Emirati joint venture company Lindner Depa Interiors (LDI) denied delaying the opening of the New Doha International Airport.
A power cut on Saturday has forced the refinery to stop all operations.
Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.
The UAE is well capitalised but banking asset quality remains a concern.
UAE courts have stopped sentencing debt defaulters to prison since last month, say reports.
The sultanate is expanding the Muscat airport’s terminal building and the airfield.
Saudi oil minister Ali Naimi confirms that the natural gas field will start production within “short period.”
Exports rose 38.5 per cent to Dhs416 billion, driven by a rise in oil prices.
Government expenditure is up six per cent from 2012, while revenues are forecast to rise 7.8 per cent in 2013.
Saudi’s behemoth banks were flush with capital in 2012.
Arabtec and SS Lootah have been awarded the contracts for the Dubai developer’s Jumeirah Park development.
Reports say the Kingdom wants to buy 100 of the Dingo armoured vehicles over the longer term.
The Kingdom’s aviation authority launched its first sukuk in 2012 and raised SAR15 billion to fund the Jeddah airport development.
The Abu Dhabi airline is set to achieve a 22 per cent year-on-year increase in passenger numbers.
The Gulf state’s real GDP rose 3.9 per cent in the third quarter of the year, according to official data.
Foreigners buying real estate in the UAE can now only get a loan for up to 50 per cent of the property’s value, say sources.