Speaking at the World Economic Forum, Badr al-Saad fears the decline of the yen.
Parliament first backed privatising loss-making Kuwait Airways Corp (KAC) in 2008.
The two-tranche bond includes a $500 million 30-year conventional bond and a $750 million 10-year Islamic bond.
The refinery, which produces 270,000 barrels per day, will be closed for maintenance from April to May.
The much-awaited new smartphone line-up from RIM will be launched in Dubai and five other cities on January 30.
The Bahraini investment firm has acquired a stake in US-based FishNet Security for an undisclosed sum.
The Kingdom has budgeted expenditure of SAR820 billion for 2013, 19 per cent higher than the amount budgeted for 2012.
Initially 12 airlines will fly to the new airport and Qatar Airways will move its entire operations in the second half of the year.
The trip follows the withdrawal of Qatar last week from a multi-billion euro tender to develop Athens’ old airport.
The operator’s profit was hit by domestic competition and one-off charges from a cost-cutting programme.
The sector is receiving interest from investors because of double-digit growth.
The emirate issued a $750 million 10-year sukuk, as well as a $500 million 30-year conventional bond.
Around 14,000 people are now employed in the Dubai International Financial Centre.
Investment firm Amwal AlKhaleej says it has exited its investment in Saudi’s Al Rowad Education Group for a “very high return.”
Qtel plans to use the amount to fund general business operations, sources said.
The company, which is expanding rapidly, aims bid for Egypt supermarket chain Metro in the first quarter of 2013.
The firm is currently in the process of a complete takeover by Dubai Islamic Bank.
Th central bank says it will consult commercial banks in the UAE before issuing a new ruling on lending.
The Abu Dhabi- based real estate developers are merging to form a new entity with Dhs47 billion in assets.
German luxury car maker hopes to sell 20,000 vehicles per year by 2020.
Kuwait-based Arab Fund for Economic and Social Development has a capital base of around KWD2 billion.
The government has mandated four banks to arrange the Islamic bond, according to sources.
The mobile company reported a new loss of SAR443 million in the fourth quarter of the year.
The telecoms operator faced one-off charges related to affiliates in South Africa and India.
The emirate’s property market posted a strong recovery in 2012 with upward trends for sales and leasing, says CBRE report.
Property consultant Jones Lang LaSalle outlines the key factors that will impact the UAE’s property market this year.
Abu Dhabi airline become the cultural icon’s exclusive international airline partner
The Saudi conglomerate owned by billionaire Prince Alwaleed made a net profit of $55.9 million in the fourth quarter of 2012.
Sorouh will be dissolved as part of the merger, and the new entity, called Aldar Sorouh Properties, will have over $47 billion in assets.
The central bank governor has reportedly claimed that the new rules are not imminent.