Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.
The lender did not provide any reason for his resignation.
HSBC Middle East is taking over Lloyds’ retail, commercial and corporate banking business in the UAE.
Kuwaiti logistics firm sees its net profit reach $34.54 million for the quarter even as it faces charges of fraud.
Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.
Private sector companies will have to pay $640 a year for each excess foreigner they employ.
The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.
High crude oil prices helped to boost revenue in the country, according to official data.
The UAE’s second largest lender secures loan, up from original $800 million after demand from banks.
The Middle East’s first Dreamliner aircraft arrives in Doha.
Retail must accommodate middle-class tourists’ needs as their numbers rise, say experts.
Global Investment House looks at legal options as it undergoes its second debt restructuring in three years.
The Dubai firm secures contracts in Saudi Arabia and the UAE ahead of Q3 profit announcement.
Employees in the UAE saw average wage hikes of 5.2 per cent in 2012, says new survey.
The 355-metres tall JW Marriott Marquis Hotel opens its first tower, adding 804 rooms to Dubai.
The company is also looking to expand investment and production in Iraq, its CEO says.
Any person who “derides or damages” the reputation of the state or any of its institutions online will be imprisoned.
Residential rents in the emirate continue to fall but still remain higher than Dubai, says new report.
Tough economic conditions and Bahrain unrest push Gulf Air to reduce fleet.
Forecasts suggest the States will achieve self-sufficiency in oil and gas and become an exporter by 2030.
The low-cost carrier reported a net profit of Dhs226 million in the third quarter.
The emirate sees no need to recapitalise the support fund that helps state-linked bodies, said Sheikh Ahmed, head of the Supreme Fiscal Committee.
Residents in Qatar spend up to $5,000 per month on luxury goods, says new report.
The world’s largest Arab carrier witnessed a turnaround in profits in the first half of 2012 despite continued fuel price pressures.
King Abdullah will undergo a back operation to tighten a loose ligament in his back, the royal court has said.
Gulf International Bank picked JP Morgan Chase, NBAD, Barclays, Standard Chartered and Societe Generale to arrange the deal.
The move comes as the Kingdom prepares to open its stock market to direct investment by foreign institutions.
A round up of the day’s news and gossip from the region’s largest oil and gas event.
Commercial demand is increasing in areas like DIFC and Downtown Dubai, says new report.
Qatar’s investment vehicle puts a rumoured $100 million into the Peter Chernin-owned media company.