Power Assets said it sold a 16.53 per cent stake in HK Electric but will remain as the controlling shareholder of the power supplier
Awards include the main works packages of some of Damac’s residential units in Akoya project and its hotel apartment projects
Al Baker said Qatar Airways expects to deliver its rebuttal to the U.S. airlines’ claims in the next few weeks
The minister expects the rate for international firms to fall and the levy on local companies to rise
The regulator has been investigating Mobily after the firm slashed 18 months of previously announced profits.
The projects are part of Mohammed bin Rashid housing establishment and will be built for local families
The government currently takes most decisions regarding the UAE’s monetary policy.
Up to 66 per cent of UAE residents have dinner out at least once in a week, a survey by KPMG has found
Last year, Bahrain declared Saraya al-Ashtar and two other anti-government groups terrorist organisations.
The head of FIFA’s audit and compliance committee has warned that any evidence of wrongdoing may revoke the Gulf state’s hosting rights.
The two carriers will share codes on more flights starting this year, opening more European cities to the Abu Dhabi-based airline’s customers.
Under a new proposal, 20 per cent of the airline’s shares will be offered to Kuwaiti citizens and 5 per cent to current and retired employees.
Raif Badawi was sentenced to 1,000 lashes, a 10-year jail term and a fine of SAR 1 million last year.
The deal to construct the Avenue 353 villa project has been awarded to McFadden International Construction Group.
More than 100 people, including civilians, were also wounded in the attack, according to reports.
The arrests come after the government declared a reward for helping nab the suspects in the mosque bombing case and for providing information about future attacks.
One offshore and one onshore rig will be manufactured in the UAE as part of the deals.
Testing of the new aircraft is slated to begin in the first half of 2016.
The structure, situated in Portsmouth, will be renamed Emirates Spinnaker Tower and rebranded in red.
The government has allowed Shi’ites to set up community protection groups to search people entering mosques and checkpoints to monitor entrances to villages after the attacks.
There had been widespread calls among Scotland supporters to boycott the match with Qatar because of human rights concerns.
The UAE’s consolidated fiscal balance is expected to swing to a deficit of 2.3 per cent of gross domestic product in 2015 from a 5.0 per cent surplus last year, the IMF said.
EFG-Hermes says nearly a third of its $3 billion of assets under management is in Saudi Arabia, with $265 million managed by its Saudi unit.
The joint venture was studying options in the wake of the U.S. conglomerate’s decision to exit most of its GE Capital operations.
While some countries have rolled back their nuclear plans, others like the UAE are steaming ahead.
The UAE was a safe haven for both Arab and foreign investors during the Arab Spring. But as regional tensions loom bigger, will the country be able to uphold that title?
Qatar must work even harder to protect its brand after U.S. prosecutors charged select FIFA officials with corruption and opened investigation into 2018 and 2022 bids.
Less money is going towards high-profile investments abroad and there is a renewed emphasis on developing the domestic economy, bankers and businessmen say.
Seats and services are now more closely aligned with partner Etihad.
The deal will help boost Emirates network in France and ease connectivity for passengers.