Prince Muqrin bin Abdulaziz, a former intelligence chief in the Kingdom, has been appointed deputy crown prince.
The UAE government recently ruled that all Emirati men aged 18-30 would have to serve in the military. What’s not to like, asks Damian Reilly.
Nearly 30 people accused of corruption have been sentenced to prison terms ranging from one to 23 years.
Could a lack of investment in long-term care facilities create a chronic problem for GCC nations focused on large-scale hospital projects?
The Dubai-based e-commerce site will invest part of the recent funding it received on developing its mobile technology.
Matthew and Grace Huang were arrested in January last year after their eight-year-old adopted daughter, Gloria, died unexpectedly.
The Dubai developer has appointed Barclays, Citigroup, and Deutsche Bank as joint global co-ordinators.
A joint venture between US-based Parsons and Halcrow has won the deal.
Abu Dhabi’s Etihad Airways is in talks to acquire 40 per cent of Italy’s struggling flag carrier.
Sheikh Joaan’s Al Shaqab Racing stable will partner the colt’s original owner, Coolmore Ireland, a multi-million euro operation by Irish business magnate John Magnier.
The lender attributed the profit rise to growth in assets and improvement in asset quality and liability mix.
Almost 16 per cent of respondents said that they doubt if the event would deliver any benefits once completed, a new survey shows.
The committee includes the CEO of the Capital Market Authority and officials from the finance ministry.
Etihad will take delivery of 18 aircraft this year that include 10 Airbus aircraft and eight Boeing planes.
Chairman Ali Rashid Lootah confirms that the developer will seek a public listing once it has paid up all its debts.
The developer is launching 15 resort beach plots and 79 waterfront hotel plots across two of the development’s four islands.
The company has offered to buy back up to $200 million in principal amount of its 4.25 per cent, $604.4 million guaranteed notes maturing in 2020.
The $3.6 billion Liwa Plastics Project will be built in Oman’s northern industrial city of Sohar.
Up to 14,500 delegates from Nu Skin Enterprises in China will visit the emirate between April 6-16.
The comments by Qatar’s emir, Sheikh Tamim bin Hamad al-Thani, were the first official Qatari reaction after Iraq accused Doha and Riyadh of funding insurgency.
The investments will mainly target equity stakes in private companies as well as other asset classes including real estate or infrastructure.
Gulf Capital floated approximately 40 per cent of its holding in Gulf Marine Services on the London Stock Exchange earlier this month.
Bahrain has experienced unrest over the past three years by majority Shi’ite Muslims demanding political reform.
Qatar Financial Centre said it has accepted an enforceable undertaking from RBS to establish a “remedial action plan.”
Etihad’s chief executive confirmed that the initial loan of $40 billion to Air Serbia will be converted to equity.
Majid Al Futtaim plans to introduce a brace of brands in the two towers which connect with the shopping centre
Washington’s preliminary nuclear deal with Iran last year caused tensions between the US and Saudi.
A one million sq ft mall in Jumeirah Village Triangle will feature a 15-screen cinema, a hypermarket and entertainment options.
Labour shortage has led to a surge in wages, making it unsustainable for small and medium firms to survive in the market.
The JV, Etihad Rail DB, will manage operations for the first stage of the railway.