The total value of oil aid to Egypt from Saudi Arabia since July 2013 through September of this year amounted to $5 billion.
Dubai’s public transport agency will work on projects such as extension of the Dubai Metro’s red line, a major upgrade of roads leading to the expo site and a wider bus network.
The move was part of the Swiss bank’s plan to “optimise its local operations” in the UAE, it said.
The firm raised $75 million, 55 per cent of its capital, in April via an offer that was 36 times subscribed.
Michael Garcia submitted his 350-page report to German judge Hans-Joachim Eckert earlier this month.
Discovery Gardens Pavilion has nearly 30 shops, a medical centre, a nursery, restaurants and cafes along with a Geant Easy supermarket.
The square-shaped smartphone targets business professionals and will retail for Dhs2,699 in the UAE.
The deal for two million barrels a month of Kuwaiti crude was signed with the Arab Petroleum Pipeline Co.
The agreement will enable Agility to use Etihad Rail’s service for distribution in the UAE and the GCC while improving the country’s logistics sector.
Turner won the project management tender for the district, which will house the world’s tallest commercial tower, Burj 2020.
On a quarter-on-quarter basis, GDP dropped 3.1 per cent in the second quarter, the biggest fall since the quarterly data series began in 2010.
As per the contract, Drake and Scull will undertake the mechanical, electrical and plumbing works for Al Dara Hospital in Riyadh.
The average prime capital value for a skyscraper in Dubai stands at $620 per sq ft, according to a new index.
The plant, with an annual production capacity of 1,000 tonnes of plastic moulds, cost around $29.3 million to build.
The company will use the loan to build residential and infrastructure projects in King Abdullah Economic City
The firm, part of the Al Ghurair Group and one of the largest aluminium product makers in the Gulf, will lift annual output to 100,000 tonnes in the next three to four years.
As per the deal, Spatial Composite Solutions will provide Etihad with 14 cabin crew-training devices and will also refurbish the existing training equipment.
Wednesday is the last day when retail investors, who dominate Dubai’s market, can subscribe for shares in Emaar’s malls unit.
Masdar bought the stake in a $2.5 billion 402 MW offshore wind project from Norway’s Statoil.
The Dhs2.90 a share price would give the unit a value of Dhs37.7 billion, one of the sources said.
The Passport boasts a big square screen and a unique touch-sensitive tactile keyboard.
The main Saudi index fell 1.2 per cent on Monday, its biggest decline in three months.
A sources said said the Saudis had sent four F-16 fighter jets, the UAE contributed four warplanes, Bahrain two and Qatar a Mirage jet.
The new market targeting secondary listings from private joint stock companies will be operational within a few months, official news agency WAM said.
The statement was the first comment from a GCC state since the United States launched air and missile strikes in Syria for the first time on Tuesday.
Rouhani said that he had no plans to meet with U.S. President Barack Obama while in New York this week.
The new luxury hotel, which is scheduled to open by 2018, will be operated by Anantara Spa and Resorts, the developer said.
Saudi has 1.8 mobile subscriptions per person, which means the new firms must likely woo customers from existing operators and that threat could explain their apparent reluctance to cooperate.
The Dubai entity currently produces 1.1 million tonnes of aluminium per year, with the planned upgrade set to enhance output by 100,000 tonnes when completed.
Investor orders for the issue grew to over $850 million, the document showed.