The emirate’s off-plan sales market has been attracting strong investor interest despite a fall in house price growth, a new report says.
The Kingdom will continue spending on development projects and social benefits in 2015, its finance minister said.
The new snacks manufacturing facility, in Dammam, is the company’s 15th facility in the Middle East.
The ratings agency said that large government funded infrastructure projects will continue to drive growth in the GCC even if oil prices slide.
A wave of panic selling wiped out $49 billion of stock market value across the Gulf Arab economies on Tuesday.
Oil has lost almost half its value since this year’s peak of $115 per barrel in June on slower global demand and the U.S. shale oil boom.
The minister urged investors to base their decisions on careful analysis and act rationally.
The Dubai-based carrier is preparing for its ‘busiest’ week of 2014.
Oil fell to close to $59 a barrel for the first time since May 2009 on Tuesday.
The Kuwaiti ship collided with a fishing vessel in the Red Sea, killing 13 Egyptians.
The bank is expected to start its regular operations by the end of March 2015.
In November, Michael Garcia appealed the summary of his investigation that was prepared by German judge Hans-Joachim Eckert, saying it had “erroneous representations of the facts.”
Judge Hans-Joachim Eckert’s summary of a longer document provided information about two witnesses that made them easily identifiable.
World Cup 2014, iPhone 6 and Malaysian Airlines top Google 2014 trending searches in the UAE.
The development of oil prices is being studied by individual countries, the official said.
Dubai’s index closed 7.3 per cent lower at 3,084 points, a one-year low, while Abu Dhabi’s benchmark ended 6.9 per cent lower on Tuesday.
Residential rents in Dubai grew just seven per cent in 2014 while sales prices rose 18 per cent, a new report says.
The company did not disclose the value of the deal or the size of its remaining stake in Integrated Diagnostics Holdings.
Oil futures have almost halved since June amid rising output and cooling demand.
GCC states should rein in state spending, but in a gradual way to avoid hurting economic growth.
The country’s large fiscal reserves will allow it to keep spending on development projects.
Sheikh Ahmed also said the government would seek to control inflation to keep the emirate competitive in business terms.
Hector Sants will advise the Abu Dhabi Global Market (ADGM) on the creation of its regulatory framework and its strategy.
Emirates set to be first airline to fly the A380 to Perth next summer
The Dubai equities benchmark tumbled 7.7 per cent to 3,068 points, a one-year low.
UAE Oil Minister Suhail Bin al-Mazroui’s came as brent prices neared $60 a barrel.
The Arabic language news channel, based in Bahrain, was initially slated to begin airing in end-2012.
The collision is at least the second such recent incident involving vessels passing through the Suez Canal.
The reduction is down to Aldar using some of the money due from Abu Dhabi’s government to repay debt, its CFO said.
Authorities have not publicly identified the gunman, but a police source named him as Man Haron Monis, an Iranian refugee.