The contract covers building the hotel as well as maintaining its development for one year.
Rafale jets have the UAE interested but Eurofighter chief says India deal is far from closed.
The company will sell 21.4 million new shares to existing shareholders priced at 45 riyals each.
Move provides Emirates with an avenue for growth beyond Manila and travellers with more flying options
A sharp camera and enhanced connectivity are among the model’s attributes
The value of the deal was not disclosed, but it is estimated to be between $150 to $300 million.
Having doubled in value the past 10 months, shares have slumped in the last three weeks as both companies struggle to seal an agreement.
France is hopeful of selling 60 Rafales to the UAE despite criticism of the plane’s manufacturer in 2010.
KFH, Kuwait’s biggest Islamic lender, started a restructuring programme last year.
Abu Dhabi’s TAQA said that two columns of oil have been found since drilling began in November.
The development in Karachi may reportedly include the world’s tallest building.
Airline says no upper deck doors opened mid-flight, nor was there any loss in cabin pressure
Ali Rashid Lootah dismissed concerns over Nakheel’s ability to repay its debts, which include a Dhs3.8 billion sukuk.
Etihad is reportedly in talks to buy a 24 per cent stake in Jet for up to $330 million, say sources.
Up to 57 per cent of companies in the UAE are definitely or probably hiring new personnel in the coming three months, finds new survey.
The company borrowed heavily to build up holdings in a number of major companies, including carmaker Daimler.
The mining firm shut down the plant for three weeks for maintenance.
The UAE telecoms firm is planning to finance a bid for Vivendi’s 53 per cent stake in Maroc Telecom.
Kingdom Holding already has investments in China’s entertainment and hotel sectors.
The earnings fell short of analysts’ estimates as revenues for the quarter rose 18 per cent.
The change will be used to encourage more Emiratis to work in the private sector.
Negin Fattahi-Dasmal, founder and CEO of The Grooming Company, explains the success behind the region’s first male-only grooming parlour.
The emirate is sensitive to the issue given its geographical positioning to countries targeted by sanctions.
The emirate has announced plans to build a Dhs6 billion island project that will include the world’ largest ferris wheel.
The UAE lender said earlier this week it had mandated lead arrangers for the $500 million issue.
The surplus is equivalent to 12 per cent of the sultanate’s 2011 GDP.
Aluminium Bahrain blamed higher energy costs for the decline in income.
VTB, Russia’s second largest bank, could issue the Qatari wealth fund with $1.5 billion of new equity, says report.
Lack of properly developed infrastructure and operational facilities remain off-putting for certain segments of the market, says new report.
Bluewaters Island development will include the world’s largest ferris wheel.