Shadi Sadeek Sanbar has worked with the firm for over eight years and is seen as a close aide of the Saudi billionaire.
World players’ union FIFPro has said that Qatar must respect international standards for footballers’ contracts.
The project will deliver 2060 megawatts of electricity to SEC under a 20-year agreement
The Dubai developer has asked property agents not to resell off-plan properties until the unit is completed and handed over
In an exclusive interview with Gulf Business, Laurent Abadie, CEO for Europe and CIS, reveals the firm’s comeback plans and a massive drive into B2B.
As the Middle East’s tech landscape is challenged by the use of social media and smartphones, experts warn that companies need to be prudent about their online safety policies.
In Kuwait the authorities have resumed the monitoring of sermons.
Property ownership remains a distant dream for many Saudi nationals, writes Syed Hussain.
Dubai’s Expo win has paved the way for a slew of infrastructure developments in the emirate.
More than 277,000 jobs are forecast to be created between 2013 and 2021, with around 40 per cent of them in the travel and tourism sector.
The index climbed 1.6 per cent to finish at 2,946 points, its highest close since October 2008.
Dubai’s grand expenditure plans for Expo 2020 will add value to the emirate’s economy.
Employers would pay money earmarked for future retirements into a central system that would manage the money under Islamic principles.
Saudi Arabia and Qatar are the main backers of the Syrian National Coalition and the Free Syrian Army.
The emirate’s bourse rose above the 3,000 point level for the first time since November 2008.
UAE’s Sheikh Abdullah bin Zayed is expected to meet Iranian Foreign Minister Mohammad Javad Zarif and other officials.
Iran signed an interim deal with six world powers to curb its nuclear programme.
A successful Expo bid will boost Dubai’s economy but a risk of debts due to overspending looms.
The confidence in the UAE banking sector is quite strong, says Central Bank governor.
The project cost Dhs100 million, and is expected to start selling locally produced salmon within six to eight months.
The company plans to use net proceeds from the sale for general corporate purposes including re-financing existing indebtedness.
The Fifa president has said Qatar’s labour rights situation is “unacceptable” amid a wave of negative headlines.
In August 2012 Aramco suffered an attack on 30,000 computers.
Dubai launched a major drive to develop its Islamic business sector in January this year.
A negative Expo result for Dubai may cause a short-term dip in sentiment levels, added the CBRE report.
Passenger traffic through Dubai International Airport rose 15.1 per cent year-on-year in October.
The entertainment and hospitality firm could be valued at about $680-$690 million, sources said.
The deal will be funded by the proceeds from Arabtec’s recent rights issue.
The consortium plans to launch the new lender in the fourth quarter of 2014.
Dozens of ships that line Dubai’s docks make the 12-hour journey across the Strait of Hormuz a few times each month.