The GCC states have been mulling the introduction of VAT since 2007 to broaden their revenue base.
The company appointed Abdul Rahman Jareb Rashed Al Hareb as the new chairman, replacing Sheikh Maktoum Hasher Al Maktoum.
He replaces Kris Babicci, who stepped down from the post in October.
NPS secured the refinancing deal from a group of banks and financial institutions.
Dubai plans to launch an Advance Passenger Information System which will raise the security and cut screening time at airports.
Kuwait’s Alghanim has acquired all operational outlets of Wendy’s in the UAE with plans to open additional stores in the MENA region over the next 10 years.
The adjournment will allow time for all creditors to sign an agreement which formally pledges each will assent to the plan put forward by Dubai World.
Rushaid, the deputy head of the Muslim Brotherhood in Jordan, had criticised the UAE for designating the pan-Islamic movement as a terrorist group.
Following the expansion, the net leasable area at Manar Mall will increase from 30,000 to 60,000 sqm.
Benyan replaces Mohammed Al Mady, who was appointed as the president of the country’s military industries corporation.
The contractor made a profit of Dhs13 million ($3.54 million) in the last quarter of 2014.
The carrier made a net profit of Dhs64.6 million ($17.59 million) in the last quarter of 2014.
United Finance said in a bourse statement that it would consider Bank Nizwa’s merger proposal when its board next met.
The statement did not make immediately clear whether al-Mady would be leaving his post at Saudi Basic Industries Corp.
The UAE follows Saudi Arabia, the United States, Germany, Britain, France and Italy in shutting their missions in the Yemeni capital Sanaa.
Qatar has been fending off allegations of corruption ever since it was awarded the 2022 tournament.
The WHO is still trying to track down more than half the people who were on the same Saudia airline flight from Riyadh to Manila.
Kuwait briefly halted all its oil exports on Thursday due to a dust storm and bad weather.
POSCO signed the deal to sell a 38 per cent stake plus new shares of POSCO Engineering & Construction to Saudi’s PIF.
Saudi Arabian builder Abdullah Abdul Mohsin al-Khodari and Sons said on Thursday it had been…
Four oil majors — ExxonMobil, Royal Dutch Shell , Total and BP — had each held 9.5 per cent equity stakes in the ADCO concession since the 1970s.
The loan is being arranged by Emirates NBD and will have a 10-year term and an amortising structure, sources said.
The Saudi king has created two new super-committees that give Mohammed bin Nayef and his son Mohammed bin Salman extensive control over most aspects of Saudi policy making.
The UAE looks to grab a larger share of trade with China, outwitting its Gulf peers.
The 38 year-old man developed symptoms on December 29, 2014 and passed away on February 6 this year.
The plant in Jubail will go offline on March 1, the company said in a bourse statement,
The suspension will remain until further notice when the weather conditions improve, a spokesman said.
OSN has signed a five-year partnership with the wrestling network to distribute it as a premier channel in the MENA region.
The company said that its revenues will mainly originate through ticketing, hotels and retail segments in the project.
The company has asked lenders to provide pricing guidance for a one, three or five-year loan.