Yasir al-Rumayyan resigned from the bank last week after heading the business since the start of 2011.
The company is holding discussions with some of the GCC countries as well as other international ones.
The WHO says 1,026 confirmed cases – including at least 376 deaths – have been reported since MERS emerged in 2012.
The UAE has signed a Dhs3.745 billion ($1.02 billion) contract with Airbus and Thales
Order books for the bond tap have crossed $500 million, as per the document.
The brand launched in the UAE six months ago and its current portfolio includes eight smartphone models.
Increased revenues from its African subsidiaries helped the company post a strong profit.
The development features 479 residences and is located within Dubai Hills Estate.
The move is seen as mostly benefiting Zain Saudi, the smallest of the Kingdom’s three mobile network operators.
No purchase price or stake size was disclosed.
The sale would be in accordance with Basel III banking rules and the final amount and currency of the offering would be decided by the board at a later date.
The UAE has an extremely low home insurance penetration rate with just six per cent of the population insured against emergencies, experts say.
Mobile collaboration and Bring Your Own Device will open up opportunities worth Dhs17.9 billion in Dubai by 2019, says Shukri Eid, director at Cisco Consulting.
The state-owned company might use some of the proceeds from a $1.5 billion long-term loan for its expansion plans.
About 12,000 apartments and over 2,000 villas will be added to the city’s existing inventory in 2015, Asteco said.
The bank’s net attributable profit for the last quarter of 2014 was $106.2 million.
The bank made a net attributable profit of $36 million for the last quarter of 2014.
The project will involve building processing facilities, wellheads and pipelines for gas in Turaif.
Sheikh Hamdan is now the second most followed leader in the UAE on Twitter after Dubai’s Ruler Sheikh Mohammed bin Rashid Al Maktoum.
Ma’aden shut the facility in Ras Al Khair from January 23 for about 30 days.
The grouping will evaluate projects in the Turkish region including the development of lignite power plants.
The contract involves providing management consultancy services for all elevated and at-grade sections of the metro project.
If Brent crude stays at its current level of around $60 a barrel in the coming year, some believe Kuwait could run a budget deficit.
Net profit in the three months to Dec. 31 was KD14.3 million.
A spate of high-tower fires sends out a worrying picture of Dubai to the world.
The projects include upgrading liquefied gas and refinery facilities for national oil firm Saudi Aramco, the company said.
The blaze gutted the two-storey building, which contained seven shops on the ground floor.
The virus has infected close to a thousand people, killing some 360 of them – the vast majority in Saudi Arabia.
Target markets include Ghana, Mozambique, Angola and Nigeria, as they are benefiting from blossoming oil and gas sectors.
Sources said the deal could close by the end of the first quarter.