The Kingdom’s private sector may be unable to accommodate all the Saudi nationals who are unemployed.
The lender, Oman’s first full-fledged Islamic bank, launched operations in January.
FIFA executive committee member Theo Zwanziger said staging the tournament in winter is a big problem.
The offering, which is not imminent, is likely to be denominated in Saudi riyals.
Under the deal, Global separated its core fee business from other parts of the company.
The Dubai developer says it has started receiving fresh interest from investors for the stalled development.
Land Cruiser leads the sales in the SUV category while Prado and Rav4 also has recorded considerable growth in H1 2013.
The Indian capital markets watchdog has expressed reservations that the control of Jet stands the chance of passing into foreign hands post the deal.
The lender is rapidly diversifying its presence, both domestically and internationally.
Prominent Indians have influenced and enriched the everyday lives of people in the UAE over time.
At least nine people have died in clashes between supporters and opponents of ousted president Mohamed Mursi.
According to reports, those pardoned include 14 people serving prison sentences ranging from 30 months to five years.
The Gulf state is slowly recovering from the costs of political unrest with strong government-backed spending on housing projects.
The UAE’s largest lender made a net profit of Dhs2.6 billion in the first half of the year, on the back on increased revenues.
The bank attributed the fall in profit to a provision against a domestic real estate loan.
National Bank of Kuwait posted a net profit of $165.7 million in the second quarter of the year.
With one of the highest mobile penetration rates in the world, the UAE recorded strong growth in the telecoms sector last year.
The UAE telecoms operator is planning to buy the French firm’s 53 per cent stake in Maroc Telecom for 4.2 billion euros.
The network is due to launch on August 20.
As Dubai inspires growing investor confidence, its debt problems remain a cause for concern.
Marte Deborah Dalelv, 24, had been awaiting an appeal hearing of her 16-month sentence.
The residential sales market continued to grow due to UAE’s safe haven status while rents stabilised after a growth spurt in Q2 2013.
The lender made a net profit of Dhs972 million in the three months to June 30.
The cyber attacks reportedly originated from Egypt.
The performance of the logistics firm was boosted by growth in core Gulf and African markets.
Adnan Chilwan, who was previously deputy CEO at the bank, replaces Abdullah Al Hamli as the new chief executive.
Ali has held the role of acting CEO since August 2012 following the departure of previous CEO Jeff Singer.
Increased cost of living and work-related issues are the main reasons causing stress, finds survey.
The services sector, along with the electronics sector, accounted for over half the increases in consumer complaints this year.
The funds from the KIngdom were given in the form of a five-year interest-free deposit at Egypt’s central bank.