The UAE’s National Centre for Meteorology and Seismology has issued warnings about the possibility of sandstorms and landslides.
UAE Exchange estimates that robust economic growth in the UAE will lead to a hike in remittances from the region in 2014.
The Southeast Asian country has been facing political turmoil since November.
Aggregate funded credit exposures to non-resident borrowers other than banks are capped at 20 per cent of the bank’s local net worth.
Kuwait is the only Gulf Arab country without a telecom regulator.
The men are reportedly the first to be charged under the terms of a February royal decree.
The sukuk is expected to launch and price on Wednesday.
The company is boosting annual production in India to almost 800,000 pieces of sanitary ware from 300,000 to meet rising demand.
The company reported that its EBITDA grew 11 per cent to reach Dhs3.3 billion in 2013.
The government said it planned to float 15 per cent of the bank on the stock exchange later this year in an initial public offer.
The company has invited more than 70 financial institutions to a meeting in Dubai to propose “a comprehensive settlement” with creditors.
Nayef al-Ajmi was quoted as saying that comments made by the U.S. official in March, were “baseless and groundless”.
The company has recalled 372 Avalon vehicles, 2003 to 2004 models and 418 Land Cruiser 70 Pick Up, 2012-2014 models.
The Abu Dhabi-listed bank received investment grade ratings from Moody’s and Standard & Poor’s.
Fast-growing airport must keep up with Etihad’s growth ahead of Midfield Terminal Building’s launch
The proceeds will be used for Damac’s general corporate purposes.
Long joins from HSBC Bank Egypt and replaces Ewan Stirling.
Regional club owner expresses concern about the number of new night leisure venues opening in the emirate.
Organisers have announced the sale of tickets for the Abu Dhabi Grand Prix, to be held in November 2014.
The tenth anniversary of the Kingsman Dubai sugar conference was held as the fourth consecutive year of global sugar stocks increase.
The company says it expects to be “flooded with requests for test drives” from interested consumers in the UAE.
Dubai World would be able to meet a $4.4 billion loan maturity in May 2015 and to make some other repayments early, a senior official said.
Bahrain has weathered the most recent bout of volatility in global financial markets, the IMF said last week.
The 2009 collapse of Algosaibi’s Bahrain unit, The International Banking Corp, and Awal Bank, owned by Saad Group, left an estimated $22 billion bank debt.
The International Automobile Federation (FIA) made the points change in a bid to keep the championship alive as long as possible.
HotStats MENA report highlights good month for UAE hotels and Jeddah whereas across the region the trading picture is mixed
The Islamic lender plans to expand its retail and wholesale banking business locally and internationally over the next five years.
Only female staff will be allowed to work in stores selling women’s products by October 2016, local media reported.
The increase, which may happen this year, could be “pure capital” or perpetual bonds or both, its chief executive said.
Defendants were accused of attacking two officers and of taking part in an illegal protest, according to their lawyer.