The two-year loan facility will be used to fund the lender’s general business.
The mall, set to become the largest shopping destination in the Sultanate, will house 350 stores.
M&A activity in the UAE has been picking up pace as market conditions improve.
The builder said it would set up real estate development units in Dubai and Abu Dhabi.
The company had been in discussions with the UAE about a deal possibly worth around $9.82 billion.
The Bahraini operator bought Cable & Wireless Communications’ (CWC) Islands division for $570 million in April.
Currently emiratisation in the UAE’s media industry stands at just a little over 25 per cent.
The company plans to open 50 restaurants across the Kingdom in the coming years.
Backed by rising economic confidence in the Gulf, tenors of newly issued sukuk will tend to become longer, says BLME CEO.
Dabdoub helped transform NBK from a local bank into a major regional lender with offices in 16 countries.
Ramadan 2013, Gangnam Style and smartphones’ search queries top Google 2013 trending list for the UAE.
The conversion of all the bonds is estimated to lead to the creation of around 420 million shares.
The newspaper defends its decision to publish the editorial, which accuses Pakistan of betraying the UAE by not supporting Dubai during the Expo 2020 vote.
Hisham Al Rayes had been acting CEO since March 2012.
Governments in the region must create well-designed apps that allow citizens to connect frequently and directly with them, says study.
With 100 per cent client retention and growth nudging 10 per cent, OMD wins top award from Campaign magazine.
Nicolai Tillisch reflects on how the different perceptions of time and action prevailing in the region surprise project managers and ruin holidays.
Emirates signs 10-year commercial co-operation with Air Mauritius as part of A380 access deal.
Dubai’s benchmark index declined 1.6 per cent, paring the surge for the year to 93 per cent.
UAE’s strong growth in its retail sector is expected to boost the country’s apparel industry.
The bank benefited this year from lower bad loan provisioning and the writing back of existing impairments.
The Securities and Commodities Authority has circulated draft rules that treat sukuk and non-Shariah compliant debt separately.
Tougher penalties and strict law enforcement are needed to stamp out intellectual property fraud in the UAE.
MubasherTrade report forecasts low-to-mid-single digit economic growth rates in the Middle East in 2014.
All companies must take responsibility for Emirati careers, writes the author of ’10 Tips For Leadership In The Middle East’.
Oman, Dubai and Abu Dhabi are each investing in building additional cruise terminals.
Nespresso CEO Jean-Marc Duvoisin speaks to Robert Anderson trackside about producing luxury coffee and expanding the company’s boutique network in the Middle East.
The Middle East’s largest cinema group has aggressive plans to expand into Qatar and Bahrain in the coming year.
TVM Capital MENA chairman says overseas IPOs don’t work out in the long term.
Dubai will spend $8.1 billion on roads, an airport, hotels and an extension to its rail network in preparation for the 2020 world fair.