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.
The mining company attributed the increase to the beginning of commercial production of ammonia and DAP
The airline increased its capital through a share issue which was 2.25 times oversubscribed.
The Abu Dhabi-based property developers will merge through a share swap, according to sources.
The airline operates the largest A380 fleet globally and will be “a powerful tool” to further Dubai’s bid.
In an exclusive interview, the Arab region’s richest businessman reveals to Gulf Business what time he wakes up and what he likes to read.
South African energy minister says Abu Dhabi- based Masdar has expressed interest in the African nation’s renewable energy programme.
Full-year 2012 profits stood at OMR40.7 million, up 19 per cent compared to 2011.
The company made a net loss of SAR1.09 billion in the fourth quarter of 2012, compared to a loss of SAR514 million in Q4 2011.
The construction firm plans legal action against the Saudi unit of Britain’s Petrofac, Saudi Binladin Group and SK Engineering and Construction.
The dairy and food producer made a net profit of SAR369 million in the fourth quarter of 2012.
The 55-level development includes 280 residences and is part of the Dubai Mall expansion project.
More than 40 per cent of flydubai’s new routes last year concentrated on CIS and Central and Eastern Europe destinations.
The petrochemicals producer said it enjoyed stronger sales and higher prices in the fourth quarter of 2012.
Abu Dhabi’s new water theme park will offer never-before-seen rides and thrills when it opens next week.
The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.
Etisalat has submitted interest in buying the 53 per cent stake in Morocco’s Maroc Telecom, valued at around $5.8 billion.
Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.
The Gulf state posted a GDP growth of 4.2 per cent in 2011.
A 26 per cent rise in customers helps the operator trim its losses.
VIDEO: Golf Digest Middle East editor Robbie Greenfield reflects on a mouth-watering contest between Tiger Woods and Rory McIlroy.