The London-based investment fund has backed online fashion site Namshi just one year after it launched.
Gulf International Bank’s bond programme is 97.2 per cent owned by the Saudi government, giving a safer level of risk.
The oil exporter had petitioned the court to change the electoral boundaries, but the opposition say this would favour government-friendly candidates.
FGB has hired five banks for a new benchmark bond, according to sources.
The figure is down on previous forecasts blamed on a drop in oil production but 5.7 per cent growth is predicted for 2013-2016.
A consortium led by Saudi International Company for Water and Power (ACWA) won the major contract.
The Gulf state will help set-up a Franco-Qatari fund aimed at investing millions of Euros into depressed French suburbs.
State-owned Jebel Ali Free Zone (JAFZA) attributed the fall in H1 profit to rising costs.
Proceeds from the issue will be used for repayment, said DEWA CEO, Saeed Mohammed al-Tayer.
Dubai’s flagship airline will begin two additional flights to the archipelago, taking its weekly number up to 13.
The country’s OPEC Governor Ali al-Yabhouni said that the UAE will work towards maintaining oil market stability.
CBK Capital is believed to have $53.5 million in capital and manages a Kuwaiti stocks fund and an Islamic finance fund.
Switzerland has lost its appeal to Gulf investors, says Eduardo Leemann, CEO of Falcon Private Bank
Mark McFarland, chief investment strategist, Private Banking at Emirates NBD, says its time for wealth preservation.
Property agents paid labourers to stand in line 48 hours before doors opened in bid to secure new prime location.
The Kingdom introduced the Hafiz programme last year, which pays unemployed nationals up to SAR2,000 a month.
The investment bank is reducing staff in Dubai and relocating some jobs to Qatar, say sources.
Wages in the country have risen this year as Western and Asian expats demand higher packages.
United Arab Emirates are once again able to buy weapons from the European country after a previous ban following re-exported grenades is lifted.
The country’s non-oil trade reached Dhs76.6 billion in February this year, according to official statistics.
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.