Ties between Saudi Arabia and Iran are tense over many issues, notably the war in Syria.
The petrochemical complex, located at Jubail Industrial City, will be the world’s largest chemical complex ever built in a single phase.
Banks’ total investment in equities and debt instruments must be limited to 25 per cent of their capital and reserves.
The top gyms in Dubai, how much they charge and what they offer.
The move is expected to provide a boost for the economy as the current Thursday-Friday weekend sees the Kingdom share only three working days with overseas companies.
Saudi’s Communications and Information Technology Commission (CITC) banned Viber this month with Skype also on its non-compliant list.
The court made its ruling after throwing out an opposition challenge to changes to the electoral system decreed by the emir.
Mark Beer becomes an OBE and Joseph Tabet an MBE, in recognition of their work to promote UAE-UK ties
Saudi Arabia’s stock market, the region’s largest, dropped 4.3 per cent on Saturday.
The route is operated as a codeshare with Serbian national carrier, JatAirways.
The Qatari telecoms company said that it withdrew because of the valuation and frustration with the process.
So far 28 people have died of the virus in Saudi Arabia, according to the Kingdom’s health ministry.
Kuwait has deported thousands of expatriate workers in the last few months for working without the correct visa or residency papers.
Richard Bergfors, CEO of the Swedish chain Max Burger, which recently launched in Dubai, tells Aarti Nagraj why he is confident of success.
Renewable power is helping the Kingdom meet its voracious domestic energy appetite.
The possibility of another boom-and-bust cycle in Dubai is a risk for the UAE economy in the medium term, the IMF warned
Witnesses said police surrounded around 100 protesters at a demonstration in Buraidah on Tuesday and made some arrests.
The mandatory practice is unfamiliar to many local businesses but must be complied with in order to tap the growing markets.
The UAE is ready to host an unforgettable World Expo 2020, says Sheikh Mohammed bin Rashid Al Maktoum.
Demand for high-profile aircraft has been on the rise and deemed a “natural fit” for the city’s luxury Hollywood lifestyle.
The company will use the amount to fund operations and refinance existing debt.
The sultanate needs to adjust its fiscal balance by around 10 per cent of GDP over the medium term, said the IMF.
Fraudulent lift companies are risking lives in the UAE and costing the industry millions of dirhams, say industry insiders.
The 330 square metre facility will highlight operations and achievements of commercial air travel.
The two nations have been upgraded from frontier markets to emerging markets by index compiler MSCI.
The Gulf state’s bourse jumps to its highest level since September 2008.
Baqali joined Alba in 1998 and had been acting chief finance and supply officer since October 2012.
The facility at Fujairah is expected to have an annual import capacity of nine million tons of LNG.
Qatar is also raised up from the frontier market while the classification body continues to monitor Egypt’s markets.
Sales are on target for 380,000 vehicles this year, up 23 per cent on 2012 and 40,000 more than in 2008.