The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.
The company’s profit was boosted by a $249 million gain from sale of non-core assets.
GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.
Khalifa Industrial Zone Abu Dhabi has signed deals with 50 local and international companies, says CEO.
New airport aims to boost business development along eastern and southern coasts and take pressure off Colombo
The lender expects to obtain a credit rating in the coming two or three months.
The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.
The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.
Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton
The crescent moon will be seen on July 9, signaling the start of Ramadan the next day. Eid Al Fitr holiday will commence on August 9.
Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.
Etihad’s 40 per cent stake in the airline a year ago has produced a financial turnaround
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
Etisalat is keen on winning the contract to run state-owned Libyan Post, Telecommunication and Information Technology Co.
The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.
About 52 per cent of the overall project has been completed so far, say officials.
The central bank has previously backed off from enforcing regulations after complaints from the banks.
Start saving for your future as soon as you begin earning, advises Jahangir Aka, head of SEI Investments Middle East.
Is the government finally succeeding in persuading a significant number of local citizens to start their own firms?
Abu Dhabi-listed energy company Dana missed repayment of its $920 million sukuk that matured in October last year.
Y&R Dubai bags agency of the year award for the third year in a row.
Men still 2.8 times more likely to start a business in MENA as the UAE ranks 22nd on a global survey for ease of setting up a company.
Last September the central bank announced it would develop its monetary policy framework enabling banks to borrow intra-day and overnight funds.
The renovation will start on July 8 and is expected to take up to 10 months.
The regulator is looking to implement previously issued rules and policies.
Arranging banks said order books totalled $14 billion, indicating massive demand for the deal.
Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.
The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.
The cabinet reshuffle includes four new ministers and one new ministry.
Special service marks island’s 45th anniversary of independence – and serves as a capacity-raising hint from the airline