Dr. Shetty is the owner of money transfer service UAE Exchange, which has over six million customers in 30 countries.
The UAE has welcomed Sisi’s rise and the army’s crackdown on the Muslim Brotherhood.
The amount will be allocated via joint investments with state-backed private equity fund the Russian Direct Investment Fund.
National Bank of Abu Dhabi, First Gulf Bank, Emirates NBD and Abu Dhabi Commercial Bank have issued kangaroo bonds this year.
Regional telecom operators are grappling with new business models and growing competition. Enterprise provider SAP says it can help.
Gulf Business speaks to Raghu Malhotra, division president, Middle East and North Africa, MasterCard.
The comments were made at the 24th meeting of the GCC Ministerial Committee for Planning and Development in Kuwait.
Sony plans to turn its struggling TV business into a separate entity – Sony Visual Products Inc – within a few months.
The loan for the state carrier required no repayments until 2027, reported the Australian Financial Review.
The lack of progress in talks that ended last week in Vienna had raised doubts over a breakthrough by the July 20 deadline.
The six youngsters were detained for what police called their “obscene” behaviour, one of them said in an online posting.
Mubarak has been under house arrest at a military hospital since August.
The franchise agreement includes plans to setup 15 restaurants in the UAE over the next four years.
UAE carrier’s two-level facility offers free wifi and is the airline’s first lounge in Australia
Abdullah Elshamy, one of four reporters being held in Egypt, has been on hunger strike since Jan. 21 to protest against his detention.
Emir Sheikh Sabah al-Ahmed al-Sabah will visit Iran on May 31-June 1 at the invitation of Iranian President Hassan Rouhani.
Combined profits of Islamic banks broke the $10 billion mark for the first time at the end of 2013
The carrier placed a surprise order for 50 more of the jumbo jets during the Dubai air show in November.
The global NGO, headquartered in Dubai, aims to boost international awareness of free zones.
Airbus plans to decide later this year whether to upgrade the wide-body jet with new engines.
The supermarket chain plans to open five outlets across Malaysia in the next two years.
Heavily armed gunmen stormed Libya’s parliament on Sunday demanding its suspension.
Fluor Corporation has won the engineering, procurement and construction contract for the facility.
The capital measures will increase the bank’s Common Equity Tier 1 ratio and help the German lender expand its investment banking business.
For the third time in a row, Prince Alwaleed tops Gulf Business’ list of the region’s most influential people.
Asking prices rose 3.6 per cent in the four weeks to May 10 to an average of $456,900.
Germany’s flagship lender is preparing a multi-billion euro capital increase.
It will be ICBC’s fourth branch in the Gulf Arab region after Doha, Abu Dhabi and Dubai.
Security forces have detained thousands of Brotherhood supporters since the military deposed president Mohamed Mursi last July.
Total value of building construction expected to reach $128.5 billion, with the medical sector getting the biggest market share.