Du’s new loan will replace two existing debt facilities.
A construction contract for Nakheel Mall is expected to be awarded within three months.
The UAE has around 34,122 inbound students against 7,719 outbound students, according to UNESCO Institute of Statistics.
The officials were sentenced to three years in jail for abuse of office.
Al Sager, deputy group CEO at National Bank of Kuwait, replaces Ibrahim Dabdoub who is retiring after three decades.
Under the terms of its licence, Zain Bahrain must sell 15 per cent of its shares in an IPO and list on the Bahrain bourse.
Speed limits on major Dubai roads remain largely unchanged, according to Dubai Police.
Three of the country’s oil refineries shut down late last month because of power failures.
Rashed al-Baloushi, CEO of the Abu Dhabi Securities Exchange, did not specify a timeframe for the proposal.
The Dubai-based airline sees lower unit costs compared to European carriers because of its business model, says a report from Centre for Aviation.
Dubai’s retail units were assessed based on their efficiency in complaints resolution, fair pricing policies and customer opinions.
At present, nationals from GCC countries can own up to 49 per cent of Deyaar’s shares while foreigners from outside the GCC have been prohibited.
The British expatriate aged 92 died of natural causes in Dubai.
Emaar Properties is expected to report its earnings in the coming days.
Restaurants Oblix, Aqua Shard and Hutong moved into the tower last summer.
Qatar has been under fire for its treatment of migrant workers in the construction industry.
The Abu Dhabi carrier may have to make a tender offer to buy the entire 25 per cent public holding in Jet.
Qatar’s banking sector continues to maintain strong growth with player seeking oppotunities in the GCC and internationally.
Gross takaful contributions in Kuwait grew an estimated 4.3 per cent in 2012 after 4.5 per cent in 2011.
The global financial crisis and political instability dented Bahrain’s banking sector but will a recent wave of M&A activity burn around its fortunes?
Spending at the current rate could outpace Kuwait’s revenues as early as 2017-18, the International Monetary Fund has warned.
The loan, which was initially provided by four banks, is now being offered to other lenders interested in joining the deal, according to sources.
With a rising Middle Eastern investor interest in sports ventures, sports law practice will thrive in the Gulf, says an expert.
Waad al-Shimal, a joint venture between Maaden, SABIC and US phosphate and potash producer Mosaic, is a massive new project coming up in the far north of Saudi.
The contractor said that its revenues reached Dhs4.9 billion last year, growing by 47 per cent from 2012.
Logistics firm DHL tops the list in 2014, followed by Microsoft, as ranked by Great Place to Work Institute UAE.
Oman relies on oil and gas for 87 per cent of its budget revenue.
UAE officials say procedures for exemption are almost complete.
A report by Lord Stevens, the former Metropolitan Police chief commissioner, cleared Sheikh Mohammed of any wrongdoing.
The telecoms firm has applied to Bahrain’s Ministry of Industry and Commerce for approval to become a public company.