Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.
The affiliate of Kuwait’s Zain, made a net loss of 398 million riyals ($106.13 million) in the three months to March 31.
Business class passengers can sink into flatbed seats and enjoy touchscreen monitors
Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.
Both companies are involved in LNG projects in Qatar and have shared interests in LNG terminals in the UK, Italy and the US.
Aramco said Manifa’s output will reach 500,000 bpd by July and 900,000 bpd by the end of 2014.
The facility, located in Duqm, will be able to store up to 200 million barrels of crude oil.
Khaled Eldabag, a Dubai-based managing director, had clients including Abu Dhabi investment fund Mubadala.
Its Dubai-Istanbul route has seen a 16 per cent growth in business class passenger revenue.
The soft opening of the region’s new airport was scheduled for April 1, having already been pushed back from December last year.
This is the Dubai-based developer’s fifth property project launch so far this year.
Etihad aims to tap into growing UAE trade flows and connect Serbian diaspora in Australia and US.
The deal is the first joint investment by Qatar Petroleum International and Britain’s biggest energy supplier.
The move will “save more than 500,000 jobs”, says the Kingdom Holding chairman.
The refinery will begin operations by the end of 2015 and will produce one million tonnes of sugar per year.
Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.
The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.
National Commercial Bank’s net profit was boosted by higher special commission and fee income.
Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.
Relocation provides 18-brand alliance with tax benefits and signals city’s growing commercial allure
The kingdom’s fifth-largest bank by market cap said it made $182.4 million in the three months ending March 31.
Zain Bahrain has been instructed to sell 15 per cent of its shares in the IPO and list on Bahrain’s bourse.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
The two new plants will together add 1,500MW of power to the sultanate’s current existing capacity of 4,500MW.
The Gulf airline has an order for up to 60 Boeing 787s, 30 firm orders plus an option to buy 30 more.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
The Kingdom has awarded up to 400,000 tonnes of cracked fuel oil to SITME.