Unlike Dubai, Abu Dhabi’s property market rebound appears to have been triggered by clever government intervention in the market.
Syria’s civil war has led to a new, greater threat of Islamist radicalism in Saudi…
Profitability at Kuwait banks has improved and the economy is on the up, but the need for more government capital expenditure and diversification away from oil remain concerns.
In contrast to other GCC nations, Oman’s banking sector is small but well performing with Islamic banking rising in prominence.
More than 23,000 mobile numbers have been switched so far, according to the TRA.
Under secretary for political affairs Wendy Sherman will travel to Abu Dhabi, Riyadh and Jerusalem next week for consultations with respective governments.
The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.
The government will offload 142.5 million Omantel shares, reducing its holding to 51 per cent from 70 per cent.
An extra charge of Dhs2 will be levied on all credit and debit card payments while Nol card users will incur a Dhs1 charge.
The loan will finance the delivery of the next 17 aircraft on order for the carrier.
Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.
Accor is tapping into region-wide demand for long-stay accommodation
Batelco will buy 46 per cent of Qualitynet from Ali al-Ghanim & Sons for an undisclosed fee.
At present Saudis must wait six to nine months after films are released in cinemas to watch them on local pay-television.
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
The order includes 10 A350-900 and 15 medium-haul A320neo airliners.
The men had been also convicted of chanting slogans against the Kingdom.
An agreement will see the exchanges share expertise and develop human capital.
The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.
The branded credit and debit cards will introduce a new rewards programme for users.
Six others were sentenced to life imprisonment for the killing of a policeman after a protest last year.
The original contract had to be renegotiated after Saudi requested more advanced weaponry and equipment for the Typhoon fleet.
Ray Ferguson joins the ABC Group after working with Standard Chartered for 28 years.
Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.
The new listing could revive the struggling platform, says senior lawyer.
The emirate borrowed the money five years ago and the debt is due to mature next month.
One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.
Isam al-Sager was appointed as the new group CEO of National Bank of Kuwait (NBK) earlier this week.
Wataniya made a net profit of 18.4 million dinars ($65.3 million) in the three months to December 31, 2013.
The Abu Dhabi Plaza development in Kazakhstan is under construction by a joint venture of Arabtec and Consolidated Contractors Co.