BK reported a full-year profit for 2013 at $844 million, down from the $1.08 billion recorded for 2012.
The company expects to complete construction of its ‘Mall of Egypt’ project near Cairo by the end of 2015.
The new office will help the company expand its presence in the wider Balkan region.
BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.
Ambassador Nicholas Hopton dismissed criticism Qatar has faced in preparation for hosting the event.
The Omega Dubai Ladies Masters golfing tournament continues to raise Dubai’s sporting profile.
Etihad will codeshare on 40 JetBlue routes within the U.S. with further codeshares planned for later in the year.
DEWA has a $1 billion bond maturing in April 2015.
Abraaj’s investment will help Yörsan Group grow both domestically and internationally.
The lender made a net profit of 9.3 million rials in the three months to December 31.
Earlier this month the government said it was suspending talks with opposition groups.
Doha Bank has been raising its reserves in the last year to improve its capital ratios.
TAQA aims to boost its water output by at least 120 million gallons per day in five years.
The UAE and New Zealand signed an agreement to fund viable renewable energy projects in Pacific Island countries.
The $867 million revolving facility is due to mature in March.
The Federal Supreme Court in Abu Dhabi handed the men sentences ranging from three months and five years in prison.
Performance of Saudi lenders is being driven by business growth and declining loan impairment charges.
Corporates and state-owned entities in Saudi Arabia raised the equivalent of $15 billion from the sale of sukuk in 2013.
Bank Sohar is currently in talks with rival lender Bank Dhofar over a possible merger.
Arab Health expects to receive around 85, 000 visitors this year with 3,900 exhibitors from across 64 countries worldwide.
JC Butler is leaving Dubai-based classified website dubizzle to return to the US.
Saudi Arabia’s private sector hospitals are expected to hike their fees to compensate the loss of funds due to labour ministry decisions.
The firm is the first Gulf-based issuer to announce plans for an international bond offering in 2014.
Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.
New report by Deloitte suggests that the Palm will remain a prime luxury beach resort destination in the emirate.
Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
Taqa plans to invest more than $300 million in the first phase of the project.
Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.
2014 will see the launch of more new routes and further aircraft delivery for Dubai airline Emirates, writes Tim Clark.
The new rules aim to reduce red tape for businesses and cut short approval time.