Saudi Arabia recently announced a new round of bonuses for government employees, a direction that experts believe is opposite to what it should be doing in this time of cheap oil.
The UAE is weaning itself away from oil and could be almost independent of it by 2021, say senior government officials.
Sources in Nusra said that Qatar is encouraging the group to go ahead with the move, which would give it a boost in funding.
Arabtec said last March that it had reached agreement with Egypt’s army to build a million homes at 13 locations around the country.
The Fujairah port, which lies outside the Strait of Hormuz, a vital Gulf oil export route, has seen a boom in storage facility building since late 2009.
The carrier currently operates three flights a week between Abu Dhabi and the Iranian capital.
King Salman is clearly laying the ground for a generational shift in how Riyadh develops its energy and economic strategies.
The Emirates was the top destination for Muslim tourists in the Middle East, which had five countries among the top 10 in the global list.
US carriers accuse Gulf airlines of receiving more than $40 billion in government subsidies since 2004.
Wealthy individuals in the three GCC nations especially spend on imported luxury goods and premium travel, finds new report.
The loan could be worth around $2 billion and enable the EU member to refinance debt.
The museum will produce futuristic inventions and support the UAE’s goals to be the most innovative country in the world.
The Jumeirah Village Circle villas project, launched in December 2013, sold for a combined value of Dhs275 million.
Emirates has said it would look at placing an order for up to 200 A380neo jets to replace its current fleet and drive further expansion.
The Saudi telecoms operator’s stock had been suspended for a week until Thursday.
The sale of the bonds will take place no later than June 30.
How will Eurowings’ new low-cost Dubai services fare next winter?
The ministry has urged Emiratis who are currently in India to avoid swine flu –affected areas.
The board recommended Dhs0.15 per share to shareholders, the same as the cash payout proposed for 2013.
Abu Dhabi-owned Falcon said that it will be open to deals in core markets such as the Gulf, Eastern Europe, Africa and South East Asia.
Qatar Airways bought a 9.99 per cent stake in International Consolidated Airlines Group (IAG) in January.
The Abu Dhabi carrier currently flies the jumbo jet to London, and will soon begin A380 services to Sydney.
The contract was awarded to construction firm Al Rostamani Pegel.
The lender has picked six banks to arrange investor meetings across Europe starting Monday.
Sheikh Salman will also secure himself a term as vice-president of soccer’s world governing body FIFA.
The two 1970’s-built trains have a combined capacity of 2.1 to 3 million tonnes per annum.
Bank of Khartoum has applied for a branch licence and is hoping to finalise the process of obtaining it within weeks.
Qatar Airways has ordered 80 of the newest European long-haul jet, which is designed to compete with Boeing 787 and 777.
The minister said that the Kingdom wanted the market to stabilise but said it will not subsidise higher cost producers.
Any issue would be received well by investors as the emirate derives substantial support for being part of the UAE.