Fluor Corporation has won the engineering, procurement and construction contract for the facility.
The decline trims its 2014 gains to 44.1 per cent as 18 stocks fell by more than five per cent.
The capital measures will increase the bank’s Common Equity Tier 1 ratio and help the German lender expand its investment banking business.
Qatar Airways’ CEO says contractor is having difficulty “keeping up with the kind of finishes we want”
The five MPs quit over a row about questioning the Gulf state’s prime minister in parliament.
The action thriller was shot at several locations in Abu Dhabi, including Emirates Palace, Al Ain city and Jumeirah Etihad Towers.
Germany’s flagship lender is preparing a multi-billion euro capital increase.
It will be ICBC’s fourth branch in the Gulf Arab region after Doha, Abu Dhabi and Dubai.
Mohammed bin Nasir Al-Khusaibi was found guilty of paying bribes worth $1 million to officials to win an airport contract.
Etihad Airways will acquire the fixed wing training division from Horizon International Flight Academy
Total value of building construction expected to reach $128.5 billion, with the medical sector getting the biggest market share.
The sukuk will enhance the bank’s Tier 2, or supplementary, capital.
The move is part of mall operator Majid Al Futtaim’s $29.3 million redevelopment plan for Oman.
Under the new rules, joint-stock companies need annual profits of five per cent of their capital, instead of the previous 7.5 per cent.
The poor performance of the routes was due to lack of demand as well as increased competition from other carriers.
The Dubai and Abu Dhabi benchmarks are up 54 and 17 per cent respectively this year.
However Blatter denied allegations that the Gulf state “bought” the tournament.
Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.
The UAE’s market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012.
For some stocks, such as DP World, NBAD and Ooredoo, the expected inflows will be more than 10 times bigger than the average daily trading volume, predict experts.
Poor financial reporting and an absence of credit bureaus are hindering SME lending.
The company plans to use the money to expand its phosphate and gold operations, and increase funding for its aluminium business.
The over one kilometre tall Kingdom Tower will replace Dubai’s Burj Khalifa, 828 metres tall, as the highest in the world.
Hopkins spent 18 years at Standard Chartered including as CEO for Europe.
70,000 workers moved between employers in the UAE last year, according to the Ministry of Labour.
The new centre aims to ensure cross ministry coordination and disease control in the Kingdom.
The UAE and other Gulf states promised more than $12 billion in loans and donations to support the Egyptian economy after Mursi’s removal.
The steepest decline in online job postings was recorded in the UAE’s IT/telecom sector, with opportunities falling 17 per cent.
The scheme is part of a strategic plan for Qatar’s financial sector developed by the country’s three regulatory bodies.
The three-year sponsorship deal will allow Arabtec to have access to specific rights of the use of Manchester City brand.