Ray Ferguson joins the ABC Group after working with Standard Chartered for 28 years.
Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.
The new listing could revive the struggling platform, says senior lawyer.
The emirate borrowed the money five years ago and the debt is due to mature next month.
One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.
Isam al-Sager was appointed as the new group CEO of National Bank of Kuwait (NBK) earlier this week.
Wataniya made a net profit of 18.4 million dinars ($65.3 million) in the three months to December 31, 2013.
The Abu Dhabi Plaza development in Kazakhstan is under construction by a joint venture of Arabtec and Consolidated Contractors Co.
Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.
The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.
Doha carrier will be first Gulf carrier to operate a purely business class service on the high-density route
Net profit in the three months to the end of December was 14 million Kuwaiti dinars ($49.7 million).
The new entity, called Emaar Jameel, will focus on developing integrated real estate projects in the Kingdom.
The telecom operator currently claims 46.4 per cent of mobile subscribers in the UAE.
Along with domestic buyers, Dubai’s real estate market is recording a rise in institutional investors.
Power production at Ras Al Khair was expected to start in late 2012 but was delayed by construction issues.
The Kingdom will also provide Pakistan a credit facility of $125 million for the import of urea.
The plan will see 24,260,000 new shares offered to shareholders at a price of QAR18 per share.
The Sultanate is looking to reduce its expat work force to 33 per cent from its current level of 39 per cent, a senior official said.
Jan Bladen has been appointed executive adviser and programme lead at Abu Dhabi Global Market.
The latest casualty to succumb to MERS virus in Saudi Arabia was a 22-year old man, according to health authorities.
Prices for the 504 units on sale at the Palm Tower Residences start from Dhs1.5 million.
Du’s full-year profit for 2013 was Dhs1.99 billion, up slightly from Dhs1.98 billion a year earlier.
The firm will list 30 per cent of its shares on the Kingdom’s stock exchange.
The new Shorooq wing houses 148 rooms, while the new bar and pool offer a higher level of luxury and sophistication.
Foreigners currently own two percent of the bank’s shares.
The Sharjah-based carrier made a net profit of Dhs94 million ($25.6 million) in the fourth quarter.
Saudi Arabia’s Kingdom Tower, which is 173 metres taller than Dubai’s Burj Khalifa, is slated for completion in 2018.
GMS plans to sell new shares worth $100 million, as well as an undisclosed number of shares currently held by private equity backers.
The developer, which launched several new projects last year, said its total value of sales in Dubai for 2013 was Dhs12 billion.