The discounts on Saudi crude oil for Asian customers in January were the biggest since at least 2002 while prices were cut to the United States for the fifth month in a row.
Will the Dubai Tram persuade more residents to switch to public transport and have a wider impact on the economy?
Credit reform is well underway in the UAE with the Al Etihad Credit Bureau becoming fully operational.
The suspect has been identified as a 38-year-old Emirati woman.
The first commercial service will be deployed on the route to Frankfurt from January 2015.
Luxury lifestyle brand ends 10-year search and teams up with Meraas Holding
Houthi fighters, friendly with Iran, took over the capital Sanaa in September.
The airline had initially planned to deploy the jumbo jet to the Thai capital from January 2015.
The contract, awarded by the government, covers the construction of staff housing at King Khaled University.
Companies surveyed said demand had slowed and competition had increased, but market conditions were still positive overall.
The HSBC UAE Purchasing Managers’ Index fell to 58.3 points in November from 61.2 in October.
Waha said it would use the $532 million of funding provided by the December deal for new investments.
The 400,000 bpd Yasref refinery started trial runs in September and had originally planned its first exports by November.
An American woman was fatally stabbed in the toilet of an Abu Dhabi mall on Monday.
Sheikh Abdullah bin Mohamed bin Saud al-Thani, chairman of telecoms operator Ooredoo, has been made the CEO of QIA.
The Huangs were arrested in January 2013 after an autopsy found their daughter died of dehydration and cachexia.
When fully operational, the mine is expected to produce 100 million pounds of copper in concentrate per year.
The company will use the murabaha-structured facility for capacity expansion plans in different projects.
Saudi Arabia’s index rose 0.7 per cent while other Gulf markets declined.
The firm has chosen Citigroup, Emirates NBD and Societe Generale to arrange the loan, sources said.
The hotel will reportedly be owned by Al Habtoor Group but operated by Hilton Group, according to its current owner Steve Horve.
The company said that it will use the cash infusion to expand its business to new markets and to develop its technology and operations platform.
The Hartland International School, the first educational venture by Sobha, is slated to open in September 2015.
GFH plans to acquire established regional companies to build a broader wealth management platform, rather than offer new business lines.
Pakistan will buy about 2.5 million tonnes a year of high sulphur gasoil from state company KPC, with a tolerance level of plus and minus 10 per cent, sources said.
The firm sold 40 per cent of its shares at Dhs1 per share to individual investors and institutions.
Brent hit a high of $71.46 a barrel on Wednesday before giving up some gains and moving close to $71.
The company has invested up to $10.6 million to raise its stake in Block C1-27, an oilfield situated in Cote d’Ivory.
The country ranked 25 globally among the least corrupt countries on the 2014 index compiled by Transparency International.
New route marks first connection between UAE and German city