The Mohammed al-Mojil Group say its losses exceed three-quarters of its capital and its liabilities exceed its assets.
The UAE network is eyeing up new ventures into core markets, funded by a $510 million sale of its Indonesian stakes.
State-owned Tawazun Holding will build guidance weapons in Abu Dhabi in a joint venture with South African defence company.
Canadian firms have been green lit to provide nuclear energy and materials to the Gulf country as it builds four new reactors.
The UAE-based shopping mall operator hopes to start construction on the project by the end of 2012.
The IMF also cut its forecast for Saudi’s budget surplus this year from 16.5 per cent to 12 per cent, citing oil price movements.
Reports had earlier claimed that unskilled visitors from Asian nations would not be granted UAE tourist visas.
The Saudi-based oil giant will see its domestic output increase to 3.5 million bpd when new refineries come online.
The low-cost airline will now transport goods to Europe, the US and across Asia.
The Dubai carrier will use Airbus’ superjumbo on a permanent service, giving a 46 per cent rise in seat capacity.
The Abu-Dhabi developer behind the country’s railway network appoints Nasser al-Mansoori as its new chief executive.
The Dubai-basd builder made a loss of Dhs11.6 million in the second quarter of the year.
The Northern emirate is boosting its planes to attract wealthy Westerners.
The Qatari lender said that it will use the additional capital to meet strategic business requirements.
Kuwait plans to more than double the portion of state revenues it puts into its Future Generations Fund.
Following the arrest and conviction of its former chief executive, Khalil Nooruddin takes the reigns.
Sheikh Abdullah bin Saud al-Thani estimates two to three per cent inflation for 2012.
Crescent Petroleum says it is confident that Sharjah-based Dana will find a resolution for its Islamic bond maturing in October.
Haitham Al Kouatly is accused of conning homeowners and tenants out of Dhs6 million in various property locations across Dubai.
Increasing supply in the emirate’s property market will continue to force rents and sale prices to fall, says new report.
E&Y and Arqaam were accused of failing to comply with international accounting standards.
The Bahraini telecoms operator is planning to buy the Monaco & Islands portfolio of British telecoms group CWC.
The government plans to allocate around 25 per cent of state revenues into the fund.
The emirate has Dhs6.5 billion ($1.8 billion) of debt maturing in April 2013.
The UAE-based shopping mall developer made a gross revenue of Dhs10.7 billion for the first half of the year.
The Dubai-based airline has denied it has any plans to buy stakes in any Indian carriers, after rules were lifted last week.
The bank has hired HSBC, Standard Chartered, Deutsche Bank and QInvest to manage the issuance.
The airport’s cargo capacity is set to increase to 3.1 million tonnes by 2018.
Saudi Arabia’s Oil Minister Ali al-Naimi said earlier this month that the Kingdom was prepared to meet any additional demand for oil.
The Qatari bank has bought the properties as it looks to capitalise on London’s growing demand for high-end real estate.