The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.
The country could get a one-notch upgrade if it makes more progress tackling unemployment and diversifying the economy.
As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.
The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.
DEWA’s $1 billion Islamic bond issued in February drew very strong demand.
The new capacity raises its Iraq network to five destinations and frequencies to 20 weekly services
The platform allows trading of warehouse receipts, which represent ownership of commodities stored at warehouses.
The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.
The company’s profit was boosted by a $249 million gain from sale of non-core assets.
Unemployment among men last year dropped to 6.1 per cent, the lowest figure since 2000.
GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.
US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.
Khalifa Industrial Zone Abu Dhabi has signed deals with 50 local and international companies, says CEO.
New airport aims to boost business development along eastern and southern coasts and take pressure off Colombo
Despite attracting more than $2.5 billion of demand so far the size of the bond will not be increased.
The lender expects to obtain a credit rating in the coming two or three months.
The contracts include Dhs287 million worth of work awarded by Al Rajhi Bank to construct facilities in Riyadh.
First-quarter sales volumes will be down by around 40,000 bpd partly due to production issues in the MENA region.
Potential buyers Charterhouse, HgCapital and Pamplona were likely to submit bids 100 million euros under its price tag.
The five-year senior unsecured financing will replace the remaining $2 billion five-year tranche of an original $6 billion loan.
The value of the transaction is seen at around $460 million.
Reports claimed Qatar Investment Authority was seeking a consortium for an £8 billion takeover of the British retail store.
Starwood confirms discussions are ongoing as market speculation increases that the striking hotel will soon be converted to a Sheraton
The crescent moon will be seen on July 9, signaling the start of Ramadan the next day. Eid Al Fitr holiday will commence on August 9.
Trade flows between the regions increased by 3.26 per cent in 2012 compared to the previous year.
Etihad’s 40 per cent stake in the airline a year ago has produced a financial turnaround
Emaar made a revenue of Dhs2.5 billion from apartment sales last year, compared to Dhs1.1 billion in 2011.
Naimi’s comments follow recent warnings that weak economic growth could hobble global oil demand this year.
Etisalat is keen on winning the contract to run state-owned Libyan Post, Telecommunication and Information Technology Co.
HSBC’s Saudi Arabian unit, JP Morgan Chase and Samba Financial Group are frontrunners to manage the sukuk sale.