The contractor denied media speculation about increasing its stake in Depa.
The name of the prince was not revealed.
Dubai’s ruler Sheikh Mohammed Bin Rashid Al Maktoum launched the project.
Some of the money is likely to be spent on weapons from France, said Lebanon’s President Michel Suleiman.
Massive government spending is driving Saudi Arabian real estate growth, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
From drumming to wild partying, Gulf Business brings you an array of events to choose from this NYE.
Alwaleed’s Kingdom Holding bought a $300 million stake in Twitter in December 2011.
The contractor will perform MEP works for four towers in Mumbai’s New Cuffe Parade project.
The DFM General Index fell as investors sought to take advantage of a four-day rally to pocket gains.
Around 2.5 million guests stayed in Abu Dhabi’s hotels in the first nine months of this year, up 17 per cent from last year.
The $10.8-billion aluminium plant at Ras al-Khair shut one of its smelting lines in mid October.
The group has said that its hotels division board has been carefully planned with a mix of expertise to cope with growing business demands.
The new service will be launched on March 30, 2014 and is expected to increase capacity by 36 per cent.
The alleged torture took place in 2011 when Bahrain was hit by unrest.
The new infections bring the worldwide total of confirmed cases to 170 with 72 deaths, the WHO said.
Qatar, Saudi Arabia, Kuwait and the UAE agreed in 2012 to provide aid worth a total $5 billion to Morocco in the period 2012-2017.
Ziad El Chaar, MD of Dubai-based property developer Damac, explains how the company has built itself back up in 2013, following structural damage in the real estate crash.
Preparations for the 2022 FIFA World Cup are driving the Qatari real estate market forward, says Dr Tobias Plate, Senior Partner at Roland Berger Strategy Consultants Middle East
Start-ups are significant contributors to GDP and the job market but more need to be done to support them.
Offices with multiple ownership structures have higher than average vacancy rates.
Oman was unusually assertive in opposing a Saudi plan for Gulf Arab states to close ranks against Iran.
The developer reported the land sales in its Al Furjan and Jumeirah Village Triangle projects.
Etisalat has been investing in various mobile packages to tap into the country’s lucrative SME customer base.
But experts assure that the new law will not wipe out smaller insurance firms from the market.
Dubai’s record-breaking attempt will feature 400,000 fireworks and will extend over 100 kilometres across Palm Jumeirah’s shoreline.
The $7 billion project in city of Waad al-Shimal is a joint venture between Ma’aden, Saudi Basic Industries Corp and Mosaic.
The sportscar comes with a 2020 number plate in recognition of Dubai’s Expo 2020 win.
The TRA has cautioned the operators to avoid using misleading marketing campaigns ahead of the launch of the mobile number portability service.
Recovery of UAE’s key real estate markets remains uneven with robust growth in sales and rental prices in Dubai and slower improvements in Abu Dhabi, says Dr. Tobias Plate, senior partner at Roland Berger Strategy Consultants Middle East.
The lender said that the decision was taken to address the huge demand from large foreign institutional investors.