Dubai wants to become a top centre for the issuance and trading of Islamic bonds, aiming to rival the main hubs of Kuala Lumpur and London.
The once-sleepy port city has put itself on the map by expanding its infrastructure and cultivating thriving global companies.
The new financing will be used to speed up plans for regional expansion, with GlamBox hoping to deliver its first products to Saudi before the end of the year.
Deal value in the third quarter touched $19.1billion, up 99 per cent compared to the same period last year.
The seasonally adjusted SABB HSBC Saudi Arabia Purchasing Managers Index was at 58.7 points in September.
Liquid S1 is deemed most corporate friendly phone as the 5.7-inch HD screen model has dual sim and wireless office features.
House prices in the emirate have climbed more than 22 per cent over the past year.
The conservative Islamic kingdom is one of the main backers of rebels fighting Syrian President Bashar al-Assad.
Annual growth in bank lending in Oman accelerated to a four-month high of 8.1 per cent in July.
The scheme will include a new shopping centre, four hotels and 450 restaurants as well as luxury housing and cycling paths.
Retail traders dumped some of their recent favourite shares in order to shift to DFM.
Gross domestic product had expanded 2.5 per cent quarter-on-quarter in the first three months of 2013.
Investors have become less bullish on Dubai’s markets as they believe most of the stocks are now fully valued.
The newly doubled fee will help level the balance between genuine buyers and speculators, experts say.
Earlier this year DKV reported growth figures of 24 per cent thanks to the arrival of businesses from the education, human resources and recruitment sectors.
The smart phone will go on sale to the Middle East public at Gitex Shopper in Dubai on October 5.
A report by Symantec has revealed the average cost of cybercrime per person has risen 50 per cent in the rest of the world.
Talks on a tie-up between the Dubai Financial Market and the Abu Dhabi Securities Exchange have occurred on and off since 2010.
Dubai’s villa and apartment sale prices have recorded year-on-year growth of 26 per cent and 42 per respectively.
Real estate brokers found flouting the rule will be fined after Rera received repeated complaints from property owners and developers.
Extended stay brand will target executives on long-stay business and Gulf families.
Britain’s Guardian newspaper reported last week that dozens of Nepali workers had died on building sites.
Sharjah’s affordability and proximity to Dubai has made the emirate an attractive option for SMEs and even some multinational companies.
The implementation of the country’s first direct debit system will see a reduction in the use of post-dated cheques to secure finances.
Carrier starts the new month in top gear by launching services to Clark in the Philippines, a new route between Milan and New York and its first A380 service to Brisbane
Currently even small percentage movements in ownership have to be reported to the authority.
The International Monetary Fund urged the Gulf state to diversify its heavily oil-reliant economy, boost foreign investment and create jobs.
The annual study assessed the level of credibility, respect, fairness, pride and camaraderie within an organisation.
The deal, for which a price was not revealed, makes Qatar Holding the sole owner of Qatar Exchange
Orders from investors reportedly reached $2.75 billion.