The company confirmed that operational systems both onsite and offshore are secure and that production is not affected.
The state-owned operator repaid the five-year syndicated term loan from existing funds.
Fees from Qatar Investment Authority paid to the British bank are being scrutinised by the UK’s Serious Fraud Office.
The money will be placed in the Yemeni central bank and will support the country’s economic recovery, a Yemeni minister said.
The increasing volume of activity in the build-up to the 2022 FIFA World Cup has pushed up costs in Qatar, says study.
The company made a net profit of $27.5 million in the first six months of the year.
The Dubai-based port operator made a profit of $247 million in the first half of the year.
The Kingdom’s own oil company responds to worsening revenue in the Gulf with new stations.
Exclusive: The managing director of the successful chain is joining the InterContinental Hotels Group.
The Dubai World Tribunal formally approved the restructuring of shipbuilding unit Drydocks World.
The country plans to increase crude oil production capacity to 3 million barrels per day over the next few months.
Dubai World tribunal orders Nakheel to repay Shokat Mohammed Dalal the sum he paid to reserve three islands on The World in 2008.
The Kingdom bought weapons worth $33.4 billion from the US last year, says new report.
Bahrain’s loss-making national carrier announced that revenues and passenger numbers rose during the first half of the year.
Kuwaiti investment firm NIG is now seeking approval for its lawsuit against Carlyle to be heard in Kuwait rather than the US.
A virus infected about 30,000 of the oil producer’s workstations in mid-August, forcing the company to cut off external communications.
The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.
According to a new survey in the UAE by Western Union, 76 per cent of the respondents find internet banking safe.
The two parties will use international arbitration if they are unable to reach an agreement, says official.
The metro system, the third one planned in the Kingdom, is estimated to cost around $9.3 billion.
The county is estimated to post a GDP growth rate of six per cent in 2012, according to a study by Kuwait Finance House.
Abu Dhabi’s flag carrier announces daily services will begin early next year.
The net value of properties assessed by the Dubai Land department dropped 26 per cent year-on-year.
Banks are slowly recovering from the 2008 fall out but the impact of a major government spending spree is yet to be fully realised.
Higher capitalisation and new profits in the UAE are threatened by the Eurozone and weak global growth.
Strong government regulation and hefty public spending have buoyed the Kingdom’s banking sector.
Massive public spending and impressive GDP growth saw a bumper year for Qatar’s banking sector.
Increased consumer lending and new banks will put the country on a solid footing this year.
Bahrain faces sluggish growth and a rise in non-performing loans due to the fallout from political unrest.
CITIC, partly owned by China’s sovereign wealth fund, did not give financial details of the investment.