KSA’s oil minister said it is good news that U.S. crude output has jumped to the highest level in around 20 years.
New small-scale property targets travellers seeking privacy and personalised services.
The $3.4 billion bank financing was split between a $2.925 billion portion from commercial lenders and $475 million from Islamic banks.
HH Sheikh Khalifa will meet prime minister David Cameron on Wednesday.
The telecoms group made a net profit of 808 million riyals ($222 million) in the three months to March 31, up from 711 million in the year-earlier period.
The 30-year venture puts Shell in position to renew its role in the UAE’s largest onshore oil concession when that contract comes up for renewal next year.
The lender made a net profit of Dhs425.3 million ($115.8 million) in Q1, an increase on the Dhs270.8 million from 2012.
The appointment was announced at the Annual Investment Meeting in Dubai. The FCW project is expected to cost Dhs20 billion.
The Dubai-based developer’s profit was hit by increasing sales and administration expenses.
The upcoming theme park has already signed partnerships with Cartoon Network and Marvel.
The private equity firm is selling German insulation firm Armacell to Charterhouse Capital Partners.
Luxury hotel aims to raise Kuwait’s hospitality profile but its opening has been delayed following the downturn
The development is Dubai-based Damac’s biggest project by size and scale so far.
The majority of the NRIs have investments in illiquid assets and expect familial support during retirement.
The IMF has said that Kuwait’s government needs to include the tax system in its fiscal reforms.
Q1 2013 outshines the Q1 2012 figures in hospitality sector
Developers in Abu Dhabi are struggling to emerge from the property market collapse in 2009
Saudi Oil Minister Ali al-Naimi is giving a major energy speech in the US on Tuesday.
The company posted a net profit of KD10.1 million ($35.5 million) for the first three months of the year.
The fund holds stakes in 40 Bahraini firms including Batelco and Aluminium Bahrain (Alba).
World’s second busiest international hub reports strong volumes from Western and Eastern Europe.
LinkedIn connections are displayed on a map and members can enter search parameters.
Majid Al Futtaim is eyeing the acquisition of Mansour Group’s Metro chain and discount grocery store Kheir Zaman.
The UAE has imported $365 millon worth of Polish products including ceramic and chemical products, machines and mechanical devices, and food products.
Any transaction is expected to be at least $500 million in size, say sources.
The move aims to improve operational efficiency and will not lead to staff redundancies, confirms fuel retailer.
FGB made a net profit of Dhs1.05 billion ($285.9 million) in the first three months of 2013, up from Dhs934.7 million in the same period of last year.
Grant Cameron, Karl Williams and Suneet Jeerh were arrested in July 2012 during a holiday in the UAE.
The Islamic lender made a net profit of 291.1 million riyals ($79.99 million) during Q1, compared with 387.7 million riyals in the same period a year ago.
The recent escalation of leasing and sales prices in the emirate is concerning, says report.