Trading in Arabtec’s shares were suspended following media reports of Aabar increasing its stake in the company.
Saudi officials have not made public the total number of extra troops they have sent to the frontier, so far declining to comment on the accuracy of media reports which put the number at 30,000.
Direct world cup spending is estimated to be $16 billion, which is 7.5 per cent of Qatar’s GDP, says report by Bank of America Merrill Lynch.
The deal is the biggest U.S. arms sale so far this year, according to media reports.
Shisha cafes benefitted the most as they drew late night crowds with suhour menus and live streaming of soccer games.
The company said it made SAR639 million ($170.4 million) in the second quarter, compared to SAR693 million in the same period a year ago.
The initial phase extends over 2 km, from the Dubai Sailing Club up to a point close to the Dubai Municipality’s Center at Umm Suqeim.
Egypt has been largely unable to buy crude oil in the international market for more than a year due to a domestic subsidy scheme.
Forecasts for U.S. shale oil production vary from an increase of 7.5 million barrels per day by 2020 – almost doubling current domestic output of 8.5 bpd.
Dubai carrier chalks up double-decker milestone with Kuwait and Mumbai next to join the A380 network
ADNOC is reportedly planning to take up to two million tonnes capacity in India.
British Airways’ area commercial manager, Paolo De Renzis, discusses the airline’s operations in the Middle East and reveals some details about its new 787 First Class cabin.
Jumeirah Beach Residence saw the highest increase in rent prices at 10 per cent quarter-on-quarter, according to a report by Asteco.
Shell did not give a reason for the decision to end investments in the project, which is located in the Kidan area.
The delay in launching the spot contract was due to not being able to link all the participants, DMCC chief said.
The fund launched by the Islamic Development Bank has $750 million in commitments from Saudi, Bahrain and Brunei.
Last week, Bloomberg reported private-equity firms KKR & Co LP and TPG Capital were among groups looking to buy a majority stake in the food retailer.
Construction is scheduled to begin in Q4 2014, and the centre is slated to open in March 2016.
Any setback to the government in Southern Iraq could lead to greater demand for the more liquid currencies like the yen, the dollar and the Swiss franc.
The talks with QIB faltered after the banks failed to agree a price, the sources said.
The iPILOT simulator, located in Magic Planet, will offer the experience of flying the world’s largest passenger jet.
Gulf airlines have said that European governments were seeking to restrict fair competition by giving airlines based closer to home preference when awarding airport slots.
Increasing dependence of the GCC states on oil revenues poses a rising credit risk, a new survey by S&P says.
Dubai International’s passenger traffic rose 9.2 per cent to 29.61 million people during the first five months of this year.
The terminal, slated to arrive in September, is now expected in October or November, according to sources.
Apart from being an attractive cruise destination, the Gulf is also rapidly becoming a source market for cruise tourism, experts say.
The emir urged Kuwaitis not to publicly discuss an investigation into reports of a recording of people discussing an alleged plot against the governing system.
The central bank seized control of Corpbank, in which Oman fund holds a share, after a run on the lender.
Under the plan, an ultra-luxury 350-room resort will be added to the existing Jumeirah Beach Hotel.
Half a dozen stocks fell their 10 per cent daily limits.