The debt is being rolled over for five years at a one per cent annual interest rate, WAM said in an official statement.
Receptionists, accountants and human resource professionals are the most sought after groups among the employers in the UAE.
Virgin Mobile Middle East and Africa was one of the winning bidders for three mobile virtual network operator (MVNO) licences in the kingdom.
Saudi Arabia, which pegs its riyal currency to the U.S. dollar, has kept its repo rate at 2.0 per cent since January 2009.
The project includes over 100 luxury villas, conceptualised by Donald Trump and his daughter Ivanka Trump.
Emaar is in the final stages of discussions with banks on the best way to conduct the listing, according to its chairman Mohammed Alabbar.
Saudi Arabia’s central bank governor said that he expected the private sector to drive growth in the Kingdom.
The sale required investors to place minimum orders of two million shares each.
Amal Al Qubaisi was also the first woman to be elected to the UAE’s Federal National Council in 2006.
The artwork, Tranquility, is also part of the auction house’s public exhibition in Dubai.
The Dh6 billion Bluewaters Island project will also be connected to the mainland via a monorail system and a footbridge.
The proceeds “will be primarily distributed as dividend” to Emaar shareholders, the firm said.
Last month, Yemen said it had handed Saudi Arabia 29 of its nationals wanted as al Qaeda militants.
Dubai firm Arabtec has signed a $40 billion deal to build one million homes in Egypt.
Despite the brotherhood’s taste for populist electoral politics, no other GCC member, apart from Saudi Arabia, has declared it a terrorist organisation.
The newly launched GQ Bar in Dubai is calling all gentlemen to experience a night they won’t forget, its owners tell Aarti Nagraj.
Trade, energy and industry ties are dominating business and bilateral relations between the two countries, say experts.
The upgrading of Qatar and the UAE to emerging market status by the MSCI may benefit Kuwait’s stock market.
Flamingo Villas, the flagship development of RAK Properties, was launched during Cityscape last year.
Abu Dhabi Commercial Bank bought back seven per cent of its shares last year after it secured approval for a 10 per cent buyback.
Eligible citizens who submit requests through the new programme, ESKAN, are expected to be allocated homes within seven months.
The 319-room hotel marks the Hilton luxury brand’s first entry into Dubai.
Both the companies will jointly invest in a new fuel farm and a hydrant system that will enhance the fuel storage capacity of the airport.
The arrests are the first reported cases of Egypt’s Gulf allies detaining members of the Islamist group on its behalf.
Three agreements were signed between Oman and Iran, one of which was an initial deal on building a gas pipeline linking Iran with the Sultanate.
The UAE will host the first phase of the popular cricket tournament from April 16 to April 30.
Memac Ogilvy Dubai claimed agency of the year, while Ogilvy & Mather bagged network of the year award.
Barwa made 1.4 billion riyals ($384.5 million) in 2013, up from 1.1 billion riyals in the prior year, according to a bourse filing.
The emirate’s largest sharia-compliant lender says it is entering a growth phase domestically and internationally.
Iraqi Prime Minister Nuri al-Maliki has long had chilly ties with Sunni-led Gulf Arab states, which in turn view him as too close to Shi’ite Muslim Iran.