Government spending related to the World Cup will hit almost $115 billion between now and 2022, says new study.
The 100-megawatt, grid connected power plant, Shams 1, will generate clean energy to power 20,000 homes in the UAE.
Ghoneim, who was appointed CEO in June 2012 is the latest STC senior management executive to quit.
Qatar Investment Authority has reportedly approached several large private equity houses to jointly bid for British retailer Marks & Spencer.
Kuwait Oil Company said no one was injured by the gas leak.
Saudi Electric last tapped the international bond market in March 2012 with a $1.75 billion two-part Sukuk.
The Sukuk forms part of a $12.5 billion debt package currently being raised to fund the construction of a $20 billion petrochemical complex.
About 52 per cent of the overall project has been completed so far, say officials.
The central bank has previously backed off from enforcing regulations after complaints from the banks.
Sheikh Salman al-Awdah has expressed his concerns in an open letter on Twitter.
The Qatari firm is in talks with around 9-10 banks about committed financing for a bid.
Sheikh Ali Salman, leader of the Shi’ite-led group al-Wefaq, says he welcomed Crown Prince Salman al-Khalifa’s appointment.
Start saving for your future as soon as you begin earning, advises Jahangir Aka, head of SEI Investments Middle East.
Is the government finally succeeding in persuading a significant number of local citizens to start their own firms?
Abu Dhabi-listed energy company Dana missed repayment of its $920 million sukuk that matured in October last year.
Y&R Dubai bags agency of the year award for the third year in a row.
Men still 2.8 times more likely to start a business in MENA as the UAE ranks 22nd on a global survey for ease of setting up a company.
The forecast is lower than the Economic Development Board’s prediction last month of 6.2 per cent for 2013.
Last September the central bank announced it would develop its monetary policy framework enabling banks to borrow intra-day and overnight funds.
The renovation will start on July 8 and is expected to take up to 10 months.
The regulator is looking to implement previously issued rules and policies.
Arranging banks said order books totalled $14 billion, indicating massive demand for the deal.
Last month Egypt’s financial regulator approved an offer by Qatar National Bank for NSGB.
The seven men were sentenced to death in 2009 for a crime committed in 2006.
Managing director John Banaszkiewicz says the broker will take advantage of Dubai’s proximity to Asia.
NCoV is from the same family of viruses as SARS, which first emerged in Asia in 2003.
Workers are demanding better safety conditions after a worker died in an accident on Monday.
The emirate has signed an agreement for a petroleum storage facility in Malaysia’s Johor state.
The cabinet reshuffle includes four new ministers and one new ministry.
Special service marks island’s 45th anniversary of independence – and serves as a capacity-raising hint from the airline