JC Butler is leaving Dubai-based classified website dubizzle to return to the US.
Saudi Arabia’s private sector hospitals are expected to hike their fees to compensate the loss of funds due to labour ministry decisions.
The firm is the first Gulf-based issuer to announce plans for an international bond offering in 2014.
Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.
New report by Deloitte suggests that the Palm will remain a prime luxury beach resort destination in the emirate.
Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
Taqa plans to invest more than $300 million in the first phase of the project.
Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.
2014 will see the launch of more new routes and further aircraft delivery for Dubai airline Emirates, writes Tim Clark.
The new rules aim to reduce red tape for businesses and cut short approval time.
BRE is selling some of its assets to Qatari Diar to help eliminate its debts.
High liquidity in the country has kept funding costs low.
The “Heart of Europe” project, a complex of luxury hotels and villas, is expected to be completed by the end of 2016.
The firms will work on photovoltaic solar projects through the joint venture.
Fast food chain plots Asian and European expansion on top of openings in UK and North America.
The project will be developed by Dubai’s Union Properties, along with National Properties, a unit of National Bonds Corporation.
Shell is selling the stakes to the Kuwait Foreign Petroleum Exploration Company, a partner in the project.
It was previously estimated that the project to produce usable gas from Shah’s high-sulphur gas field would be completed in late 2014.
The Dubai developer is maintaining sales prices at the same level as last year, confirms chairman Ali Rashid Lootah.
QIB made a net profit of $100.2 million during the three months to December 31.
Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.
GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
Economists estimate only 30-40 per cent of working-age Saudis hold jobs or actively seek work.
Shale oil remains much more costly to produce than most Middle East crude.
Isam al-Sager, 58, is currently the deputy chief executive of National Bank of Kuwait.
Acquiring Palm Utilities will give Empower about 70 per cent of the UAE’s district cooling market.
Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.
All Emirati males between ages 18 and 30 will be required to serve in the military while it is optional for women
The venture is looking at various raw materials to produce biofuel including agricultural waste and date palm leaves.
Reem Island showed the highest rise in prices for the second consecutive year in 2013, comprising around 30 per cent of online property searches.