The 1000-room Silver Pearl Hotel, designed by New York–based M. Castedo Architects, will be located offshore near Doha.
The developer did not specify the number of new units set to be launched or the estimated completion date.
Andrew Stevens had been with CBQ, Qatar’s second-largest lender by assets, for 25 years.
The total project cost, including the fourth phase, stands at KD610 million.
RAK Bank, Mashreq and Emirates NBD will offer digital wallets using the MasterPass system in the UAE.
The complex had been scheduled to be completed in late 2016, but industry sources said that it faced delays of six to 12 months because work on associated infrastructure was behind schedule.
The $2.9 billion theme park complex is located in Jebel Ali and is slated to open in late 2016.
The restaurant will span across 14,000 square foot and will have a network of 30 individual roller coaster tracks that loop, spiral and spin around diners to deliver the menu and food to tables.
The Islamic mortgage lender has been negotiating with creditors to finalise the deal, which was approved by shareholders in September.
Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) meet on Thursday in Vienna.
The 25-year-old Emirati man had disseminated misleading information at home and overseas about a court case involving the secret organisation, WAM said.
The Interior Ministry said the explosion in the small Shi’ite village of Deraz, west of the capital Manama, was a “terror blast”, but provided no further details.
Saudi has kept the market guessing about its response to crude’s fall amid rapidly rising U.S. shale output.
The Middle East market, specifically Saudi Arabia, holds strong potential for growth for the French tyre company, says COO.
Abu Dhabi-based firms The National Investor and Manazel Real Estate became the first companies to begin trading on the platform.
The fast food chain plans to open about 14 branches within Egypt following the launch of its first store.
The bank has arranged syndications for Turkish borrowers worth more than $4.5 billion since 2010, including more than $2.1 billion in the past 18 months.
The ‘See you in Dubai’ campaign will focus on attracting tourists from markets in Europe, Asia, Africa, Latin America and the Middle East.
Oil prices have fallen 30 per cent since June to below $80 per barrel.
Jumbo.ae has been developed in collaboration with Build-a-Bazaar, a subsidiary of Indian e-commerce firm Infibeam.
Key will be what OPEC’s biggest producer, Saudi Arabia, decides, with some analysts expecting no price supporting action from the Kingdom.
Bourses in the UAE and Qatar began recouping early-session losses as stocks whose weightings in MSCI’s emerging markets index are set to increase topped trading volumes.
The capital increase will require the approval of the bourse regulator and an extraordinary shareholder meeting, a bourse statement said.
The company plans to use the proceeds to refinance an existing $380 million loan package at a lower interest rate and to provide cash for potential expansion.
A senior official said that the fund will be looking to invest in clean energy since it is an area of interest to both the UAE and China.
A ministry spokesperson said that the leader of the al-Ahsa attack had received orders from abroad, detailing the target and the location of the attack.
Saudi’s oil minister brushed off questions about tumbling oil prices and surplus supplies.
EMG listed 15.4 per cent on the Dubai Financial Market, raising $1.58 billion from the sale, which was well covered by investor bids.
Abu Dhabi-based Khalifa Fund for Enterprise Development said it signed the loan agreement with the Egyptian government in Cairo.
The company plans to invest in a new refinery and a clean fuels project, its chief executive said.