Qatar announced plans for a raft of projects worth $140 billion after it won the World Cup hosting rights.
The share sale is expected to take place on Dubai Financial Market around the end of this year.
Expenditure in April-September accounts for a little over 44 per cent of the record 210.6 billion riyals Qatar plans to spend in the 2013/14 fiscal year.
The 13 sentenced to between three and 14 years in prison were nine Saudi citizens, two Jordanians, an Egyptian and a Syrian.
Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.
The 140 art works auctioned during the event in March raised over $10.6 million, up 65 per cent from last year, said Christie’s.
The Capital Markets Authority issued the regulations in June 2013, giving companies until the end of 2014 to implement them.
Qatar is planning to spend $27.5 billion over the next five years on new roads and interchanges.
Islamic banking assets grew 12.2 per cent in 2013, compared to the 11.2 per cent growth posted by conventional banks last year.
The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.
Last month, Qatar’s 2022 World Cup organisers said they would penalise contractors who violate the welfare of construction workers.
The contracts cover projects in its Al Furjan and International City communities in Dubai.
The tender, issued earlier this month, is for the rolling stock, systems, depot facilities, trackwork and other aspects of Doha Metro, sources say.
Reports claim Etihad’s stake in Aer Lingus is now valued at just under €37 million
Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.
The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.
The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.
The lenders – Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank – are now the frontrunners to acquire the business.
The number of firms operating under DSOA grew to reach 929, the company said.
The Islamic investment firm’s unit is in the process of selling a majority stake in English soccer club Leeds United.
The sector contributed around Dhs117.4 billion- 8.4 per cent- to the UAE’s GDP in 2013.
The projects will be in transport, energy and other sectors, the central bank governor said.
Microsoft announced that its new gaming console will be made available in 26 additional countries.
The contractor, in which Abu Dhabi state fund Aabar is a key stakeholder, said it made a net profit of Dhs122 million in Q4.
PepsiCo SSFL will supply its premium salty snack in all BinHendi food and beverage outlets across the UAE.
The loan, which refinances an existing $1.1 billion facility, attracted commitments from lenders worth more than $5 billion.
Mumtalakat had $7.1 billion of assets under management at the end of September and holds stake in 40 firms in Bahrain’s non-oil sector.
Britain’s Daily Telegraph newspaper reported on Tuesday that a company under the control of Mohamed Bin Hammam paid $1.2 million to Jack Warner.
Around 90 per cent of the GCC’s high net worth individuals are more focused on wealth generation than preservation.
The 302-room resort, a member of Preferred Hotels & Resorts, combines Arabian and Andalusian themes