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.
A subtle tug of war has been waging between the UAE central bank and commercial banks as it aims to regulate the country’s financial sector.
Veteran emerging markets investor Mark Mobius remains bullish on the Middle East region.
Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton
Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.
Dubai-based plastic surgeon Afschin Ghofrani controversially claims that eye lifts, face lifts and liposuction can boost your career.
A cross-section of the best print, TV and integrated ad campaigns from across the region.
Is the government finally succeeding in persuading a significant number of local citizens to start their own firms?
With tremendous population growth across the Middle East, education is key for future prosperity, says Peter Beynon, regional director, ICAEW Middle East.
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.
Authenticity and trustworthiness are the defining qualities of a true leader, writes management expert Debbie Nicol.
Erik Vervroegen, international creative director, Publicis Worldwide, a judge at the Dubai Lynx Awards, says regional work is “world-class.”
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
Its second Dubai property falls under the rapidly growing dusitD2 brand, which targets young and successful business and leisure travellers
More than $34 billion worth of Islamic bonds have been issued through the London Stock Exchange.
John Phizackerley had previously said he planned to beef up staffing at the lender’s Dubai office.
The sukuk, maturing 2023, will have an amortising structure, with an average weighted life of five years.
Gulf Business’ leadership expert, Dawn Metcalfe, will answer all your professional queries.
Dubai-based entrepreneur Paul Kenny speaks out for the first time on the Tiger Global Management buyout, this year’s most important regional dot-com acquisition.
The bank will use the proceeds to repay part of the Dhs12.6 billion it received from the government in 2008, say sources.
There is no shortage of rich individuals and governments who suddenly feel they need a little extra protection.
La Petite Maison has its roots in balmy Nice, where the owner serves a glittering set of regulars, including Nicholas Sarkozy and Carla Bruni.
The asset disposals are expected to result in a net gain of $151 million for DP World and help boost its capital levels.
The $1 billion project will be located in the heart of Downtown Dubai and is expected to be completed by the end of 2015.
The Gulf Business 2013 Salary Survey reveals which jobs in the UAE pay the most.
The survey, conducted by Deloitte, spoke to students and companies in the Middle East, Africa and Asia.
The chain has opened a new venue in Dubai’s Mercato Mall as it attempts to become the region’s largest operator.
The global language-learning company is to set up shop in Dubai, amid several new school announcements at GESS.