The five-year-old Islamic bank was assigned its first credit ratings earlier this week.
Now Blatter’s admitted it was a mistake to award the rights to Qatar’s summer months, only a time-efficient loophole will prevent a winter tournament, writes Gulf Business reporter Neil Churchill
Mashreq chief executive Abdulaziz al-Ghurair had said in February that he was optimistic about the bank’s performance this year.
Total assets of UAE banks grew eight per cent to Dhs1.9 trillion in the first six months of this year, while net profit during the period was Dhs13.6 billion.
Average retail rental rates in Dubai and Abu Dhabi were $114 and $71 per square feet per annum respectively.
Perks include 10 per cent off room rates, 5 per cent on early booking summer and winter deals and guaranteed room availability.
Dubai’s foreign trade growth during the first half has exceeded the expected growth rate for the entire year.
The Dubai-based company has taken the lease for the 15,000sq ft Reform Social & Grill Dubai in The Lakes from Emaar.
Hilton luxury brand’s first GCC property times launch for start of peak corporate season.
Salaries in Saudi Arabia are expected to increase on average by six per cent, while Oman and Kuwait’s pay rises will grow by 5.6 per cent.
The loan is related to Dubai Holding Investment Group’s acquisition of a 9.9 per cent stake in U.S. hedge fund Och-Ziff Capital in 2007.
Despite ample opportunities in the market, strict registration, pricing and drug distribution policies present challenges to market entry.
The renovation project will include new shopping, dining and entertainment concepts.
The lender is reducing nearly 10 per cent of its workforce as part of a restructuring, according to sources.
iMENA Holdings and Rocket Internet have partnered to invest in the regional operations of Hellofood, a global food ordering service.
Low-cost airline has taken delivery of its second A330 which will be deployed on the the carrier’s first long-haul flight to Dubai from October
ATSB rules operator’s procedures were effective but expresses ongoing concerns over nozzle designs
Dubai’s index jumps five per cent to 2,441 points in early trade
Apple’s next generation iPhone is estimated to have a November or December launch in the UAE, say retailers.
Militants seized Saudi vice consul Abdullah al-Khalidi in the southern Yemeni port city of Aden in March 2012.
The Kingdom accounts for more than half of the region’s active users on Twitter with 90 per cent preferring to tweet in Arabic.
Qatar sent Egypt $3 billion in May of which it converted $1 billion into three-year bonds.
Experts said that the Islamic finance industry is estimated to grow rapidly and more than double in the next four years.
Gulf Arab companies are boosting their investments in Africa lured by the continent’s untapped resources.
Kuwait Airways signed an initial agreement with Airbus in May to buy 15 A320neo narrow-body jets and 10 of Airbus’s new A350-900 XWB.
Qatar’s flagship carrier will join the global alliance from October 30.
A study finds the United Arab Emirates is a happier country than the United States and the United Kingdom.
The transportation technology company received the investment in a round led by STC Ventures.
Islamic lender Al Salam will exchange 11 of its shares for each BMI Bank share.
The Abu Dhabi government has ruled that public sector employees in the capital have to live within the city.