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.
Dubai real estate prices could triple by 2020, writes Peter Cooper.
Qatar’s Syria policy matters not only because Doha remains a generous backer of the opposition but also because its dispute with other funders.
Only nine funds have been domiciled in the DIFC since its current funds regime was introduced in 2010.
The Kingdom’s tourism sector provided around 751,000 new jobs in 2013, including around 27 per cent of them for Saudis.
Oman’s government has said it would revive its privatisation programme to raise revenue and stimulate the private sector.
Paris-based Webedia has bought a majority stake in digital media firm Diwanee.
The sukuk will enhance the bank’s Tier 2 – or supplementary – capital.
The offering is likely to take place before the end of the year or in the early part of 2015, sources say.
Qatar announced plans for a raft of projects worth $140 billion after it won the World Cup hosting rights.
The share sale is expected to take place on Dubai Financial Market around the end of this year.
Expenditure in April-September accounts for a little over 44 per cent of the record 210.6 billion riyals Qatar plans to spend in the 2013/14 fiscal year.
The 13 sentenced to between three and 14 years in prison were nine Saudi citizens, two Jordanians, an Egyptian and a Syrian.
Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.
The 140 art works auctioned during the event in March raised over $10.6 million, up 65 per cent from last year, said Christie’s.
The Capital Markets Authority issued the regulations in June 2013, giving companies until the end of 2014 to implement them.
Qatar is planning to spend $27.5 billion over the next five years on new roads and interchanges.
Islamic banking assets grew 12.2 per cent in 2013, compared to the 11.2 per cent growth posted by conventional banks last year.
The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.
Last month, Qatar’s 2022 World Cup organisers said they would penalise contractors who violate the welfare of construction workers.