The Dubai property developer’s profit increase fell slightly below analyst expectations.
Qatar and the UAE are expected to be the fastest growing GCC healthcare markets from 2013 to 2018, while Saudi Arabia will remain the largest.
No information was given as to the stake size being acquired, but some current shareholders will remain as minority shareholders, Fajr Capital said.
Having just opened the company’s first Middle Eastern office in Dubai via sister brand FX Solutions, Mark Preston, CEO and executive chairman of City Index, talks the local forex market, the impact of technology and the global investment climate.
A lack of arable land and growing number of mouths to feed makes food security a pressing issue for the GCC.
The country has been considering an IPO of its stock market for years, but political infighting and entrenched bureaucracy delayed it.
The lender made a net profit of Dhs409.5 million ($111.5 million) in the three months to March 31.
The waterfront development includes 225 residential apartments and a 200 room five star hotel.
The Kingdom Tower project has been undergoing exhaustive testing works before construction begins on April 27.
The developer has appointed AE7 for design, supervision, architectural and engineering services.
Irvin Richter, CEO of Hill International, is stepping down at the end of the year to allow his son to take charge. But that won’t stop the firm’s frenetic pace, he says.
Sharing power and being clear about expectations could encourage innovation in your team, writes Jeanette Teh, assistant professor of Business Administration at the American University in Dubai.
Software vendor Epicor is looking to expand in the Middle East, says Squalli.
Mubadala, which has stakes in GE and private equity firm Carlyle, saw net profit tripling over the last year.
The deal, estimated to be worth $5 billion, would be the largest banking transaction in the region for the past 20 years.
Waleed Abu al-Khair has been charged with breaking allegiance to King Abdullah, disrespecting authorities and inciting public opinion.
Dubai’s smart city plan promises exciting times ahead, writes Jyoti Lalchandani, group VP and regional MD for the Middle East, Turkey & Africa at IDC.
His highness Sheikh Ahmed bin Saeed Al Maktoum stood proudly at the Dubai Airshow in…
As the controller of Dubai’s commercial and business assets, to say Al Shaibani has his…
Medical tech firms are flush with rising government healthcare spend.
James Reynolds, founder of search marketing firm Veravo, lists a number of tricks to increase web traffic.
Dubai’s real estate market still has plenty of growth opportunities, says the CEO of property brokerage service provider, Dar Al Aqar.
The Japanese car maker sold around 5,892 units in the region during its financial year ended March 2014.
The new collection of Mira Oasis townhomes follows strong investor interest, said the Dubai developer.
Minister wants to ‘turbo charge’ investment opportunities on back of abundant air links
Branded content is rapidly gaining ground in the Middle East as digital penetration increases, says Waugh.
Cargo traffic at Abu Dhabi’s Khalifa and Zayed ports combined is expected to top 12 million tonnes this year, up from 9.3 million tonnes in 2013.
The number of job vacancies saw a two per cent year-on-year growth in March while jobseekers rose seven per cent, says a new survey.
Iran boasts a large, educated population and a wealth of business opportunities, writes Ali Borhani, founder of Incubeemea.com.
Net profit was KD83.9 million in the three months to the end of March.