Kuwait last week joined other oil-producing Gulf states in pledging a massive aid package worth $12 billion to Egypt.
The tiny Gulf state also plans to buy 16 tank howitzers from equipment makers Krauss-Maffei Wegmann and Rheinmetall.
The drop from 6.5 per cent a year earlier reflects a fall in Saudi crude oil output over the year.
The affinity towards luxurious brands and intra-region tourism has helped boost the luxury goods market in the emirate.
The UK group bought Topaz Oil and Gas to expand its growth in the Middle East.
Almost constant factional infighting over the past seven years has prompted repeated elections in Kuwait.
DeVere Group CEO believes that the acquisition of Acuma, a UAE-based wealth management firm, will help further their presence in the Gulf market.
The Dubai lender’s retail arm made a net profit of Dhs240 million last year.
RWE said in March it was planning to offload DEA to slash capital spending and cut its multi-billion euro debts.
The 700sqm facility accommodates up to 80 people and features boardrooms, conference and meeting rooms and internet stations.
Sources have said that a deal for Saudi Arabia to buy M1 Abrams tanks from General Dynamics was already in sight.
ADIA has investments of about $400-$500 million in India which includes a $50 million investment in Red Fort Capital, a real estate private equity fund.
Tea Ros, managing director at Strategic Hotel Consulting, examines the challenges developers face in underwater construction.
A look at popular destinations for UAE residents this summer, according to Emirates Holidays.
Gulf Finance House is banking on a revamped business model to revive its fortunes.
About half the respondents surveyed were legally single.
The study will please health specialists who champion regular exercise to counteract the country’s high levels of obesity and diabetes.
New simulators to be housed in academy extension and fill training gap for long-range aircraft.
The airline will be effectively offering shuttle services throughout the day to Bangkok this winter.
The purchase price was equivalent to a 5.6 per cent discount to Tuesday’s closing share price of Dhs5.15.
Loans and advances during the second quarter rose 26.3 per cent to QAR296 billion.
The agreement will reportedly cut EBX’s debt with Mubadala by more than 25 per cent to between $1.6 billion and $1.7 billion.
A list of the top iftars around Dubai this Ramadan and what they charge along with their major attractions.
The damage came as workers were putting final touches to a renovation by the owner, a brother of Hamad bin Khalifa al-Thani, the former emir of Qatar.
Aramco signed deals worth an estimated $6 billion for the 400,000 barrels per day refinery project in November.
Dragados has won the deal to design and build a new 50,000 tonne-per-year polyacetal plant in the Kingdom.
The Givori Phantom Black Platinum collection, made for men, is handcrafted in Italy.
GAC acquisition gives flight to EGA’s ambition in becoming a key player in global aluminium production and paves way for significant global and regional expansion
The phone calls from the US president came on a day when the UAE and Saudi offered $8 billion in aid to Cairo.
Ali al-Emadi, QNB’s previous CEO, became Qatar’s new finance minister following a cabinet reshuffle in June.