Experts suggest that the land seized by the government from STC is worth between SAR1.36 billion and SAR2.83 billion.
Qatar’s economic output growth quickened to 2.3 per cent in the first quarter from a meagre 0.6 per cent in October-December, the data showed.
The Dubai index reached a three-month closing low of 3,943 points, bringing its losses from a multi-year peak hit in May to 27 per cent.
Niche skill sets and specific areas of expertise will shape the demand for a particular cadre of executive talent.
The 620,000 square metre retail destination will form part of the Dubai developer’s new 15.3sq km Deira Islands project.
The Abu Dhabi state carrier received two new Airbus aircraft – a A321-231 and a A320-200, that expanded its fleet to over 100 planes.
The firm said the facility would be used to refinance existing debt and to finance planned new real estate projects.
Abraaj bought a controlling stake in KES Power, the majority shareholder in K-Electric, in 2009.
As part of the deal, Etihad will perform all scheduled and non-scheduled line maintenance on Air New Zealand aircrafts.
Dubai International’s passenger traffic rose 9.2 per cent to 29.61 million people during the first five months of this year.
Abu Dhabi Fund for Development will provide finance to construct a 6 MW solar power plant in the city of Freetown in Sierra Leone.
Dubai’s index is now down 27 per cent from the multi-year peak hit in mid-May, though it is still up 17 per cent year-to-date.
Atheeb sold a building and two plots of land to an unidentified buyer, according to a company filing to Riyadh’s bourse.
Factors driving the demand for tea include its increased health benefits, its role in fitness and nutrition and the fasting period.
Talal Said Marhoon al-Mamari was previously chief financial officer of the company.
The recent fiasco surrounding Dubai builder Arabtec calls for urgent corporate change, writes management expert Debbie Nicol.
The test, which has a fee of Dhs700, has to be cleared by all real estate brokers in the emirate.
The survey by PwC found that 75 per cent expect an increase in funding for infrastructure and capital projects over the next 12 months.
Waha Capital bought a 20.56 per cent stake in National Petroleum Services for $76 million.
The Dubai builder’s shares have fallen 59 per cent from May 14’s record close.
The facility will be used to buy equipment from Alcatel Lucent.
Suppliers need written consent from the ministry of economy to increase commodity prices.
Dubai-based Arabtec has not provided any serious explanation for what is happening, says Reuters columnist Una Galani.
Italian designer Roberto Cavalli was hoping to receive a 450-million-euro ($612 million) offer from Investcorp by a June 30 deadline.
Prince Khaled bin Bandar bin Abdul-Aziz was removed from his post less than two months after his appointment.
The remarks came days after the king ordered all necessary measures to protect Saudi against potential “terrorist threats” from Iraq.
Saudi Arabia had previously been unwilling to support the formation of a new government unless Iraqi PM Nour al-Maliki stepped aside.
More than 700 people in Saudi Arabia have contracted the virus and 292 of them have died from it.
Arabtec debacle on the stock market reveals the crack among bourse regulations in the Gulf
Apart from being an attractive cruise destination, the Gulf is also rapidly becoming a source market for cruise tourism, experts say.