IPIC will recruit UAE nationals for roles across a number of its projects.
Estimations suggest some 1,200 Saudis have joined Islamist militants involved in Syria’s civil war.
The fast growth has raised concern about the potential of a property market bubble.
The bank has severed relationships in its cash management business in the Middle East.
The UAE has signed an agreement with the Korean Intellectual Property Office to ramp up its intellectual property protection mechanisms.
TAQA plans to take a majority stake in the plants while India’s IDFC Alternatives and PSP Investments will hold minority stakes.
Fingerprint and eye-recognition security systems would be used to protect the drones and their cargo.
The bank made a net profit of 300 million riyals for Q4 2013 compared with 447.3 million riyals a year earlier.
The IMF has warned that Kuwait’s expenditure could exceed oil revenues as early as 2017.
QInvest is streamlining its operations, focusing on investment banking and asset management business.
Aramco has re-tendered three of the four construction packages.
The new project, called Lost Cities, is expected to be unveiled in early March.
The majority of phone users in the UAE store important personal and official data on their mobile devices, according to a new survey.
The third auction from eMart will feature five high-end commercial and residential properties.
Kuwait’s parliament voted on Wednesday to investigate all contracts signed by state-owned Kuwait Airways.
The bank was found in material non-compliance with requirements to produce information to the financial regulator.
Two of the units will focus on infrastructure projects, one on water and energy projects and one on the Egyptian market.
Around 36 per cent of funds in the budget will be allocated to the traffic and roads agency while 33 per will go to rail agency, according to the RTA.
The contracts cover infrastructure design and supervision work in the two communities.
Amena Bawazir, a student at the King Saud University in Riyadh, died of heart problems last week.
Qatar sovereign fund is reportedly seeking a 15-20 per cent in the troubled Italian lender.
All 15 were Egyptians and the blaze was started by an electrical short circuit, said reports.
Changes in Saudi’s mortgage law in 2013 are expected to boost banks in the GCC’s largest domestic market.
After some difficult years, there are signs of better times ahead for the UAE banking sector.
The revision was mainly driven by Fitch’s concern about regulatory uncertainty in Bahrain, it said.
The lender is looking for acquisition targets in Turkey, Morocco and sub-Saharan Africa.
The flight signals the first direct link between Congo and the Middle East.
The five-year bond was issued to Abu Dhabi’s International Petroleum Investment Co (IPIC) in 2009.
Emirates will look to funnel Spaniards into Dubai and onto its global network – particularly Asian markets such as Hong Kong and Bangkok.
Officials expect to award the first construction contract in 2015.