The new service will offer the 500,000 Filipino expats in Dubai more travel options during peak periods.
The new scheme will house over 100 mansions and sit alongside an 18-hole PGA Championship golf course.
The UAE is expected to grow strongly owing to the recovery of sectors like financial services and construction.
The lender is planning to hike its paid-up capital by 50 per cent.
The TAQA-operated block is expected to initially produce around 30,000 barrels of oil per day.
The bank said it made SAR998 million in the three months ending September 30.
Average sales prices have also gone up, but there’s no bubble in sight, says Asteco report.
Will Abu Dhabi’s new financial zone look to rival its Dubai neighbour? Or will collaboration between the two be a wiser move for the region?
This year’s event will cover more than 25,000 sq metres, an increase of 50 per cent on last year and Cityscape’s largest size in four years.
International food event to showcase Kingdom’s market potential.
Despite a lack of local knowledge, UAE financial heads are increasingly looking to recruit top tier talent from the UK.
Strikingly designed hotel aims to open in the Burj Khalifa district in 2016.
The lagoon will be situated in Mohammed bin Rashid City’s District One community and will cover 40 hectares of land.
Ajman Bank, one of the smaller lenders in UAE, announced it had hired Mohammed Zaqout as chief executive on April 8.
An expansion abroad would likely see the state-owned company buying assets abroad.
Most of Saudi central bank’s net foreign assets are believed to be denominated in U.S. dollars, and much of that amount is in the form of U.S. Treasury bonds.
The Ministry of Labour is yet to announce how many days off private sector workers will be given.
The deal had been delayed due to scrutiny by Indian regulators and also due to opposition from some politicians.
Khalil al-Marzouk was detained in mid-September by police investigating what authorities called his promotion of terrorism.
Dubai wants to become a top centre for the issuance and trading of Islamic bonds, aiming to rival the main hubs of Kuala Lumpur and London.
The once-sleepy port city has put itself on the map by expanding its infrastructure and cultivating thriving global companies.
The new financing will be used to speed up plans for regional expansion, with GlamBox hoping to deliver its first products to Saudi before the end of the year.
Deal value in the third quarter touched $19.1billion, up 99 per cent compared to the same period last year.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index was at 58.7 points in September.
Liquid S1 is deemed most corporate friendly phone as the 5.7-inch HD screen model has dual sim and wireless office features.
House prices in the emirate have climbed more than 22 per cent over the past year.
The conservative Islamic kingdom is one of the main backers of rebels fighting Syrian President Bashar al-Assad.
Annual growth in bank lending in Oman accelerated to a four-month high of 8.1 per cent in July.
The scheme will include a new shopping centre, four hotels and 450 restaurants as well as luxury housing and cycling paths.