The investment firm is currently in the midst of a Chapter 11 bankruptcy process.
Well-known hotel sports ‘chic new look’ and aims to serve as a contemporary city escape for business and leisure travellers
Oil prices in 2013 are expected to be similar to prices in 2012, says UAE energy minister Mohammed Dhaen Al Hamli.
The French broadcasting station’s new venue will act as a fashion studio, a restaurant and a VIP night lounge.
A UAE central bank circular issued last week said mortgage loans for foreigners should not exceed 50 per cent of the property value.
Workers in Saudi Arabia are expected to see the biggest salary hikes in the region at six per cent, says new study.
The passenger complex at the new Dubai World Central Al Maktoum International Airport could open as soon as Q1 2013.
Alba received a five-year $85 million loan from Bahrain’s Gulf International Bank and a three-year loan from a group of banks.
A new Carrefour hypermarket and a 14-screen Vox Cinemas multiplex are part of the mall’s renovation plan.
The Dubai-based lender already owns a 58.2 per cent stake in Tamweel.
Kuwait’s gridlocked political situation is stymying its banking sector.
Oman’s economy and its banking sector are performing well.
Abu Dhabi-based Etihad could pay up to $330 million for a 24 per cent stake in Jet Airways, says source.
The project, located in Turkey’s Afsin-Elbistan region, is expected to start production in 2018.
Oman’s stock index rose 1.2 per cent last year and outperformed Qatar and Bahrain.
Officials clarify that the UAE rule of decriminalising bounced cheques only applies to UAE nationals.
The telecoms operator plans to use the funds for the future growth of its business.
The Abu Dhabi-based airline is in final stages to acquire a part of the Indian carrier, say sources.
High oil and gas prices and a large-scale infrastructure programme buttressed Qatar’s banking sector in 2012.
The government spent $780 million to create 36,000 jobs for Omanis last year.
The UAE central bank recently issued a ruling to limit home loans to foreigners at 50 per cent of the property’s value.
EK003, which took off at 1439 from Dubai to London Heathrow, became Concourse A’s first flight.
Qatar telecom, along with its Kuwaiti arm Wataniya, now owns a 90 per cent stake in Tunisiana.
Abu Dhabi National Energy Co(TAQA) confirmed that production was expected to begin in 2013.
German Emirati joint venture company Lindner Depa Interiors (LDI) denied delaying the opening of the New Doha International Airport.
A power cut on Saturday has forced the refinery to stop all operations.
Spending on education, health, housing and social welfare has been boosted by 22 per cent in this year’s budget.
The UAE is well capitalised but banking asset quality remains a concern.
UAE courts have stopped sentencing debt defaulters to prison since last month, say reports.
The sultanate is expanding the Muscat airport’s terminal building and the airfield.