The $500 million Sukuk, EIB’s second issue this year, is priced at par and is due to mature in January 2018.
The Gulf States account for 14 per cent of the total deposits in the island, according to official data.
The international hotel operator plans to open one hotel in Cairo and a resort in Alexandria.
Total deposits in the country decreased by 1.2 per cent during the month to close at Dhs1.1 trillion.
Qatar Holding is planning to open Harrods branded hotels in Malaysia, Paris and New York.
Qatar Airways is keen to launch an airline in the Kingdom, but is worried about excessive fuel charges.
The Dubai-based port operator sold its 60 per cent stake to Australian firm Flinders.
Eissa Al Suwaidi has been appointed as the new head of the UAE telecoms company, replacing Mohammad Omran.
The long-awaited mortgage law is expected to help solve the Kingdom’s critical housing problem, say experts.
Al Nabooda, the distributor of Porsche, Audi and Volkswagen in Dubai, plans major investment push.
The Gulf state is reportedly setting up two companies through an official decree to issue the Islamic bonds.
Most employees in the MENA region miss work because of low satisfaction and lack of responsibility, says survey.
UAE exchanges say there is still no clarity regarding the Indian government’s proposed service tax on remittances.
Average apartment rents increased six per cent and villa rents rose nine per cent in Q2 2012, says Asteco.
Four IPOs, valued at over $1.1 billion were issued in the GCC during the second quarter of 2012.
Shareholders of Capital Management House, Capivest and Elaf Bank approve the three-way merger.
The number of guests in the emirate’s hotels reached 192,374 during May this year, official statistics show.
The airline will fly 73 extra flights to Jeddah and Medinah Al Munawarrah from July 20 to September 1.
The UAE city is ranked as having the most transparent real estate market in the MENA region.
The oil giant signs agreement to sell its Vela marine unit to Saudi National Shipping Company.
The crown prince and the US president discussed regional issues and global energy prices during the meet.
Flights to Basra, the low-cost airline’s fifth destination in Iraq, are scheduled to start next month.
The Arabtec consortium, that includes Greek and Turkish firms, will build a terminal at the Abu Dhabi airport.
The Swiss company is opening a Dhs500 million manufacturing plant in Dubai World Central.
A firm linked to billionaire Robert Kuok is set to take a stake in Drydock’s Southeast Asia operations, say sources.
UAE mall developer Majid Al Futtaim Holding plans to issue a dollar-denominated bond this year.
Visitors from the UK topped the list, spending almost $500 million in 2011, according to Visa.
A good salary is the main priority for 59 per cent of women looking for jobs in the MENA region, says survey.
At least seven governments have stepped down in recent years because of political deadlock.
The country’s planning authority says that GDP growth is expected to reduce to 4.5 per cent in 2013.