Prince Miteb’s promotion bolsters his credentials within the ruling al-Saud family.
Barwa Real Estate unveiled plans for Oryx Island, which would feature luxury villas, a water park and five floating hotels using cruise ships.
Mustapha al-Shamali is Kuwait’s long-serving finance minister.
The Kuwaiti Fund for Arab Economic Development will supply the amount in annual installments over a 10-year period.
Children’s education and travel are some of the other key expenses for NRIs in the UAE, finds new study.
New facility at Dubai Silicon Oasis will initially house five full-flight simulator training bays
A former member of parliament, Musallam al-Barrak has been out on bail since he was sentenced in April but could still receive another sentence.
April marked the ninth straight month of double-digit growth for the airport, and the first full month of Emirates’ partnership with Qantas.
The fund raised its exposure limit on Chinese equities to $500 million from $200 million in the third quarter.
Hani Hussein came under pressure from lawmakers wanting to question him over a $2.2 billion compensation payment to Dow Chemical Co.
The Gulf state has one of the highest energy consumption rates per capita in the world, with the average Kuwaiti using 22 times more resources than the country provides per person.
The terminal will have a storage capacity of over 240,000 cubic metres and will be HTL’s second project in the emirate.
The Kuwaiti index climbs 2.1 per cent to finish at 8,322 points.
The second tower of the Dubai real estate giant’s Burj Vista development will feature 20 storeys, housing one, two and three-bedroom apartments.
The Dubai-based developer appointed Hawary Marshad, who will replace Yawar Pasha as CFO.
Today’s announcement that Hilton will assume management control of the architecturally striking hotel puts recent weeks of speculation to rest.
A joint venture between Arabtec and Terna won a contract to build a 105-bed hospital in Riyadh.
The Dhs400 million tower includes 220 serviced living units in Dubai’s Burj area.
UAE’s Etisalat has reportedly offered a higher price than rival Qatari bidder Ooredoo for Vivendi’s 53 per cent stake in Maroc Telecom.
Emirates’ passengers connecting in Australia will most likely board the new-look aircraft
The loan has been marketed since mid-March, with $1.6 billion of the $2 billion target already pledged by the eight arranging banks.
The virus, which can cause coughing, fever and pneumonia, emerged in Saudi Arabia last year and has been found in 33 people there, killing 17.
Qatar last month proposed that the organization leave Montreal due to its cold winters and distance from Europe and Asia.
The developer of shopping malls will go on a roadshow to raise money from institutional investors for the purchase of a minority share in Carrefour.
The word ‘resort’ is used all too frequently in today’s hospitality scene, but Le Royal Méridien is the perfect example of what the term should stand for; a place you should never have to leave.
Riyadh plans to install 41,000 megawatts (MW) of solar power over the next 20 years.
Mona Tavassoli, founder of MomSouq, tells Alicia Buller why babies are good for business.
Impressive figures from BMW, Audi, Volkswagen and Rolls-Royce indicate the region’s economy is purring along nicely.
Godolphin trainer Mahmood al-Zarooni was banned for eight years by the British Horseracing Authority after 11 horses tested positive for anabolic steroids in April.
The merger between Al Salam Bank and BMI Bank will create a lender with assets of around BD1.7 billion.