UAE’s strong growth in its retail sector is expected to boost the country’s apparel industry.
The bank benefited this year from lower bad loan provisioning and the writing back of existing impairments.
The oil sector contributed about 45 per cent of output growth, thanks to higher crude prices on global markets.
Couples can now get even closer to the wildlife and island’s distinctive environment.
One-month visas can now be booked online priced $55 per person
Foreign companies in Kuwait pay a 15 per cent tax.
The decision has been passed by the EU Council of ministers, but requires final approval from the European Parliament.
The Securities and Commodities Authority has circulated draft rules that treat sukuk and non-Shariah compliant debt separately.
Mall of Qatar’s general manager says the complex will set the standard for malls internationally.
Omar al-Saeed is reportedly the fourth member of the Saudi Civil and Political Rights Association (ACPRA) to be jailed this year.
Tougher penalties and strict law enforcement are needed to stamp out intellectual property fraud in the UAE.
The petrochemical company is a joint venture between oil giant Saudi Aramco and Sumitomo Chemical.
The DFM General Index climbed 1.3 per cent to 3,199.88, the highest since October 2008.
MubasherTrade report forecasts low-to-mid-single digit economic growth rates in the Middle East in 2014.
The 10-storey, 270-unit tower aims to serve professionals working to build the Expo 2020 venue.
The five-year facility was obtained from a group of seven banks, said bankers.
The Az-Zour North Power and Desalination project is Kuwait’s first public-private partnership.
Mahdi Amjad, CEO of real estate company Omniyat says impact of the win was felt “from the first minute the results were announced.”
Over 100,000 Ethiopians repatriated from Saudi Arabia since the Kingdom began deporting illegal migrants in November.
The telecoms firm agreed an $8 billion loan in April to finance its acquisition of a 53 per cent stake in Maroc Telecom.
Oman, Dubai and Abu Dhabi are each investing in building additional cruise terminals.
Sheikh Thamer al-Sabah, president of Kuwait’s National Security Bureau, said his relationships with his counterparts in Iraq and Iran needed improvement.
Saudi Arabia’s Grand Mufti condemned suicide bombings as grave crimes.
Reports claimed Al Jazeera’s office in the Egyptian capital had been raided and security forces arrested 11 Qatari citizens.
The most powerful gaming console ever goes on sale in the UAE at midnight on Thursday 12 December.
The firm is also planning to launch an asset management and wealth management business next year.
Dubai has the required production infrastructure and services to become a global media hub, says study.
Qatar 2022 chief has said that the state is being proactive in improving its human rights record.
The country ranks second in the Middle East in terms of both its ultra-high net worth population and overall wealth.
The energy company hopes that the staff-cuts will result in a saving of over $20 million in 2014.