A current deal with ExxonMobil, Royal Dutch Shell, Total and BP expires on January 11.
Moody’s assigned an A3 government bond rating to the Sharjah government on Wednesday, while Standard & Poor’s rated it A.
Sultan, who was previously the chairman and managing director, will take up the position of deputy chairman.
Saudi Arabia’s third-largest lender by assets saw Q4 profit grow as income rose and expenses declined.
The Muscat governorate recorded the highest average household income of $3,789 per month.
Roberto Colaninno said in October he would step down after a 300-million-euro capital increase, completed at the end of December.
FIFA backtracks on comments made by secretary general Jerome Valcke that the 2022 World Cup in Qatar would not be played in the summer.
Construction, banking, travel and hospitality are sectors that will witness a rise in hiring activity.
Knowledge of Arabic can provide job seekers with flexibility in the UAE’s competitive market but it will not trump skill and experience, experts say.
The Saudi firm might instead focus on tying up term contracts on a free-on-board basis with sellers like India’s Reliance Industries.
Zurich is the Dubai carrier’s 25th A380 destination.
Iraq holds significant potential for Dubai businesses, says Hamad Buamim, president and CEO of Dubai Chamber of Commerce and Industry.
The rating is supported by the government’s limited fiscal risks and low government debt.
Abu Dhabi’s best restaurants as ranked by the What’s On Black Hat Guide 2013.
The Dubai index is developing a negative 14-week momentum divergence.
The telecom operator plans to focus on ICT and enterprise solutions in the future, says CEO Scott Gegenheimer.
Private sector can provide Emiratis more exposure and experience in their careers, says a top government official.
The bank will continue to offer shari’a compliant products, but hopes to widen its appeal to customers.
Workers in the emirates can expect a minimum of 10 days off this year.
The bureau hopes to complete agreements with banks to provide credit information and create an electronic database by the end of January.
Investcorp recently bought a 25 per cent stake in Saudi Arabia’s sports and fitness business Leejam Sports Co.
Anas al-Saleh, a former minister for commerce and industry, was selected to head the Finance Ministry, replacing Sheikh Salem Abdulaziz al-Sabah.
The confirmed $8.8 billion order, placed at the Dubai Airshow, provides the foundations for the low-cost carrier’s next growth phase.
The move is designed to make it more attractive for young Saudis to seek jobs in private companies.
Shareholders agreed to a motion at a board meeting on January 5 that the business would not be dissolved.
Shares of Emaar climbed 103.7 per cent last year, helped by returning confidence in Dubai’s real estate sector.
The insurer has received regulatory approval for the issuance of 24,260,000 new shares.
Healthcare is the second fastest growing sector after government in terms of IT spending.
The Spanish-themed villas will form part of the Arabian Ranches extension plan.
Almost 56 per cent of those polled said that the best salary package in the UAE was offered in the oil and gas industry.