The Qatari bank has bought the properties as it looks to capitalise on London’s growing demand for high-end real estate.
Egypt’s biggest investment bank, EFG Hermes and Qatar’s QInvest had reached an agreement in May 2012.
The Dubai-based developer has announced the launch of The Address The BLVD, its first luxury hotel since the property crash.
UBS’s annual cost of living study ranked the city 22nd globally.
The loan facility will be used to fund the Abu Dhabi-based bank’s growth and expansion.
The government hopes to create between 200,000 and 275,000 job opportunities between 2011-2015.
Debt-ridden Dubai Group is reportedly in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge.
The three banks failed to reach a restructuring deal with Dubai Group, the investment vehicle of Dubai Holding.
UAE telecommunications operator Etisalat sold 775 millions of its shares in Axiata.
Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?
Retailers warn UAE customers to wait and buy Apple’s new iPhone from official outlets as grey market prices are higher.
The Dhs1.5 billion Princess Tower is 98 per cent sold, says developer Tameer.
The Dubai-based investment company blamed a lack of liquidity in the market for postponing its IPO and preventing Dubai’s full recovery.
The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.
The lender opens Beijing office to tap rising financial ties between the UAE and China.
Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.
The winner of ‘The Entrepreneur’ show will receive a Dhs1million cash reward.
The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.
Qatar’s sovereign wealth fund has built up a stake of more than 12 per cent in mining company Xstrata.
Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.
Qatar Telecom has already received approval to buy the remaining 47.5 per cent stake in Wataniya for $2.2 billion.
Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.
Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.
The discount window will improve liquidity management practices in the country, the central bank said.
Combined oil output from Saudi Arabia, Kuwait and the UAE rose sharply in August.
While imports remained constant, exports to the EU rose 15 per cent year-on-year during the first six months.
The Kingdom will no longer count workers under a mandated quota if they are paid less than the minimum wage.
The family-owned business plans to issue new shares as it prepares to float on the stock market.
The Dubai International Financial Centre had 899 active registered companies as of H1 2012.
The Gulf-state authorities react after the opposition group held a rally in Manama, despite a Government ban.