Dubai retains the top spot in the MENA region, while Vienna is named as the best globally.
The facility will be used to repay debt and for general business purposes.
The facility, at Abu Dhabi’s Khalifa industrial zone, will produce 240,000 tonnes of sour grade steel pipes.
PDO’s production in January and February exceeded the planned average for the year as a whole.
The recently launched Town Square project is slated to be completed over 10 years, with phase one set to be ready by end-2017.
The MoU calls for South Korean firms to help build at least two small-to-medium sized nuclear reactors in Saudi.
The contract was awarded to AIMS Group to develop all road and utility works on the project.
The company said that it does not anticipate difficulties with respect to future financing repayments and costs.
ADNOC said on Wednesday it raised benchmark Murban crude prices to $56.55 per barrel, up $10.15 from the previous month.
The regulator had suspended Mobily’s shares last Wednesday, after the company announced it had suffered a $243 million loss in 2014.
Aramex made a 2014 net profit of Dhs318.4 million, the company said.
The two sides agreed terms late last month, but the contract which Arabtec subsequently received included less attractive terms for the company.
The lender has earmarked to price its bond issue at 97.5 basis points over midswaps, a document showed.
Emirates’ operations supported 85,100 jobs across the EU in the 2013-2014 financial year, the company said in a statement.
New visa exemptions and more routes from Emirates helped the country become a popular incentive destination.
Vida Town Square Dubai will have about 180 rooms and serviced residences and will overlook the central park of the development, which is the size of 16 football fields.
The Kingdom also reported four new cases of MERS infections, bringing the total number of infections to 931 since 2012.
A total of 7.25 million passengers travelled with flydubai during the year.
The emirate’s 2014/2015 cruise season has 94 confirmed vessel calls, up from 75 in the previous season.
Convincing Saudi Arabia to accept any agreed nuclear deal is important to the US due to the kingdom’s strategic position in the region.
The bank has picked Abu Dhabi Islamic Bank, Al Hilal Bank, Dubai Islamic Bank, Emirates NBD, HSBC, KFH Investment and Standard Chartered to arrange the sukuk sale.
Revenues of hotels and hotel establishments rose 9.8 per cent last year to reach Dhs23.9 billion, officials said.
The seasonally adjusted HSBC UAE Purchasing Managers’ Index fell to 58.1 points last month from 59.3 in January.
Non-fire retardant cladding poses an enormous risk for high-rises in the UAE, write Barry Greenberg and Michael Kortbawi from Bin Shabib & Associates.
The company made a net profit of KD10.19 million ($34.38 million) in the last quarter of 2014.
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors.
Falling oil prices and an imminent liquidity crisis are the other top risks that UAE executives fear might impact their local operations.
The S6 is expected to priced between Dhs2,700 and Dhs2,800 while the S6 Edge will range between Dhs3,000 and Dhs3,200.
Abdullah al-Khalidi, Saudi Arabia’s consul in Aden, was seized in March 2012.
Passenger numbers climbed to 6.9 million in January from 6.4 million a year earlier.