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.
Saudi Arabia’s Hanco and Bahrain’s Venture Capital Bank bought Byrne for around Dhs600 million.
Reports claimed that a Saudi religious body issued a fatwa banning the popular cartoon series.
The company has given no details of the timing or size of the listing.
Dubai on track to overtake London Heathrow as the world’s premier international passenger airport by 2015
TAQA’s chief executive told media that the firm’s capex will be “a little less than in 2013”.
Dubai’s medical tourism strategy will be carried out in phases with the first stage lasting till 2016 and the second till 2020.
The new law contains articles seeking to make limited liability and joint stock companies simpler to manage and more attractive to investors.
The new Saudi Arabian Company for Industrial Investment will have capital of SAR2 billion.
The company is looking at deals in healthcare and education.
The country imported 10.65 million tonnes of barley in 2013.
The hotel chain is focussing on Saudi Arabia and the UAE with four hotels apiece.
Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The e-commerce site will invest the amount in boosting technology and improving its mobile offering.
The five-year deal will be only the fourth Kangaroo transaction from a Middle Eastern bank.
Net profit in 2013 was 46.2 million dinars ($164.1 million) compared to 33.7 million dinars a year earlier.
The non-agreement on the structure and the valuation of the deal were the primary reasons to call off the merger, a statement said.
The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.
Doha carrier looks to capitalise on Djibouti’s rising commercial profile
A Patek Philippe men’s wristwatch, set with 42 emeralds, fetched the highest price at $341,000.
Companies hiring illegal workers will be subject to a recruitment ban lasting two years and will be blacklisted as per new rules.
Priced at Dhs439, the device is part of the new Nokia X family of affordable smartphones.
Dubai carrier makes unusual move and decides to drop new route
Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.
The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.
The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.
It was not immediately clear who planted the bomb or the extent of the damage.
If it goes ahead, the sale of Mauser would be one of the largest asset disposals by the emirate since its debt crisis in 2009.
Air Berlin needs to remain German so as not to lose its traffic rights outside the European Union, a German weekly reported.