The telecoms operator has postponed the maturity date of the murabaha facility to December 19.
A senior Dubai government official says the UAE has adequate funds to build its multi-billion dollar projects.
Mega hotels, theme parks and grandiose announcements – does this remind you of anything?
Hussain Al Qemzi says that it’s not easy to adhere to the central bank’s regulations on lending to GREs.
Firms in the banking and financial sector lead the list of the top companies in Bahrain.
The deal comes weeks after British Prime Minister David Cameron’s visit to the UAE.
The assistant military attache at the Saudi embassy and his bodyguard were fired upon in their car.
Former CEO Shahzad Shahbaz left the Qatari investment bank last week.
International Petroleum Investment Company (IPIC) plans to issue a dual-curency bond spread across two tranches.
Sultan bin Nasser Al Suwaidi says that the banking sector in the country has stabilised and lenders have a solid capital base.
The Gulf country came 18th in the Economist Intelligence Unit’s global list of the best countries to be born in.
Etisalat’s Saudi unit, Mobily, has been banned from selling pre-paid SIM cards by the Kingdom’s regulator.
The potential increase will boost KFH’s capital to $1.24 billion.
Booming tourism made up for the slow down in growth in foreign trade.
The new plant, called Yanbu III, will have a capacity of 550,000 cubic metres per day of desalinated water.
While 21 per cent of UAE hotel projects in the pipeline have been postponed, 54 per cent are confirmed, finds new study.
Most of the job-cuts are in back office roles such as IT, according to sources.
The project, to be developed by Meraas, will also include a Bollywood-themed section.
The airline generated $809 million in revenue last year and expects growth to come from higher demand.
The joint venture energy firm plans to bring a cleaner fuel project online.
Abu Dhabi’s flagship carrier is eyeing up minority stakes in Jet Airways and SpiceJet.
Qatar Holding, the lender’s top shareholder, has monetised its remaining 379 million units.
Mobily will not able to resume sales of pre-paid cards until it meets provisioning requirements.
Sheikh Mohammed instructs work to begin on the second phase of the Dhs2.5 billion JW Marriott Marquis.
The Kingdom saw increased liquidity and banking deposits in 2012, fuelled by high oil prices and government spending.
Card payment processor Network International has acquired a stake in TimesofMoney for an undisclosed sum.