Inflation in the OPEC member, which pegs its riyal currency to the dollar, eased to an annual 2.6 per cent in October from 2.8 per cent in the previous month.
Dubai’s tax-free benefit strategy is becoming eclipsed by the rising costs of housing and education, a new study says.
David Bernstein said the Gulf state is a “totally unsuitable place” to hold a World Cup.
The Capital Market Authority previously said that the Saudi market will open to direct investment sometime in the first half of 2015.
The central bank had sent a notice to all treasury managers informing them that it no longer objects to Kuwaiti banks dealing in derivatives with foreign banks if they are in line with the regulations.
The Dubai-based theme park developer is offering 40 per cent of its shares to investors, with each share priced at Dhs1.
Price indications have yet to be confirmed, the document said on Monday.
The International Union of Muslim Scholars urged the UAE to remove it from a list of 85 banned groups that the country had named this week.
With the price of Brent crude oil now below $80 a barrel, down from around $115 in June, the Saudi government may post a budget deficit next year.
Qatar’s labour and social affairs ministry said that it is currently reviewing new labour laws but did not provide any details.
The UAE recently published a list of 85 groups that it labelled as terrorist organisations in a drive against “terrorist crimes”.
The loan book on a gross basis has risen about eight per cent during nine months of this year.
The recommended minimum monthly salary has risen to SAR1,200 in Saudi, and to Dhs1,500 in the UAE.
The three countries withdrew their ambassadors from Qatar in March, accusing it of undermining their domestic security.
Benchmark brent crude dipped to a four-year low of under $80 per barrel last week, compared with a June high above $115.
Dow Chemical announced last week that as part of a $7-$8.5 billion divestiture plan, it would reduce its equity positions in all of its Kuwaiti ventures.
The agreement ends a four-year legal row between Nakheel and IFA Hotels And Resorts, which prevented retailers from occupying spaces they paid for on the Palm Jumeirah’s retail strip.
UAE’s first Four Seasons blends leisure and business around an ‘understated’ luxury theme
The index will monitor the level of intellectual property rights protection in the emirate by gauging satisfaction levels among the business community for the existing laws.
The bank did not disclose how much debt would be converted, however 118.61 million new ordinary shares with a value of $0.8431 per share would be issued to IFC subject to regulatory approval.
The project, slated to open by the fourth quarter of 2016, will feature 259 rooms and modern recreational facilities.
Saudi Arabian Finance Minister Ibrahim Alassaf was replying to a question on whether the recent plunge in oil prices was on the G20 agenda.
Dubai’s index slipped 0.3 per cent as Arabtec dropped 2.8 per cent and was one of the most heavily traded stocks on the bourse.
Shares will be sold at SAR23 each, with shareholders eligible to purchase one new share for every 3.8 shares they currently own.
Katara Hospitality’s investment restores Doha icon to former glory while catering to modern travellers
The builder reported a profit of Dhs68.7 million ($18.71 million) in the third quarter of 2014, down from Dhs100.8 million in the corresponding period of 2013.
The firm made a net profit attributable to shareholders of Dhs21.4 million ($5.83 million) in the third quarter of 2014, down from Dhs23.8 million in the year-earlier period.
The company made a net profit of Dhs109.3 million in the third quarter of 2014, down from Dhs140.8 million in the year-earlier period.
The comments come ahead of a pivotal OPEC meeting on Nov. 27, where producers will consider whether to cut output in order to shore up prices that have dived more than 30 per cent.
To secure approval Etihad and Alitalia agreed to give up airport slots on the Rome-Belgrade route as Alitalia and Air Serbia, are the only carriers offering direct flights on that route.