The firm said it would pay 10 per cent of claims as an upfront payment and would target a total recovery for creditors of between 40 and 60 per cent of their due cash.
Further privatisations of state-owned companies in Oman were also unlikely to take place in 2014, its financial minister said.
KIPCO’s first-quarter revenue rose 19 per cent to 137 million dinars.
The hotelier is currently mulling six projects in Dubai, says chairman.
The Kingdom’s stock market saw five initial public offers of shares in 2013 worth around $506 million.
Tesco frozen, dry grocery, organic food and FMCG products will available during the first stage of the rollout, the retailer said.
The company’s profits rose on the back of gains from the sale of investment properties.
The deal is part of an agreement by Barwa to sell assets worth a $7.1 billion to Qatari Diar.
Saudi Arabian conglomerate Ahmad Hamad Algosaibi & Brothers’ failure in 2009 left debts estimated at more than $7 billion.
The value hotel brand plans to supply over 1,750 new hotel rooms and serviced residences.
The project includes the redevelopment of the former international airport in Hellenikon, Athens.
State-linked firms are likely to repay obligations ahead of schedule.
IMF official asks Dubai officials to look at stricter measures such as those used in Singapore and Hong Kong to cool property market.
The firm is also looking to expand its Indian Ocean portfolio with potential contracts in Thailand and Sri Lanka.
Alkhair, which has been operating in the Saudi market since 2009, opened an office in the Dubai last month.
BPCL operates a 240,000 bpd Mumbai refinery in western India and a 190,000 bpd Kochi refinery in the south of the country.
Economy and Planning Minister targets annual economic growth of five percent in the country’s 2015-19 development plan.
Ultimatum a sign of the Capital Markets Authority (CMA) tightening its oversight on corporate disclosure norms in the Gulf State’s financial sector.
Growth expected as a result of the country’s next five-year development plan.
Concerns that the KAEC Financial District would not be competitive have halted development.
Delivery coincides with the Doha-based carrier shifting its operations to Hamad International Airport
The airline has allocated up to three per cent of its revenue on marketing and promotion, says senior executive.
Saudi tourism president says the Kingdom will consider changing its policies as systems, airports and the country’s security network improves.
Dubai accounts for a quarter of output of the UAE’s economy.
Qatar’s sovereign fund bought a 50 per cent stake from Qatar’s former prime minister and other shareholders last year.
CEO Akbar Al Baker said it will operate eight A320s in the Kingdom.
The Omani contractor will construct phase two of the Al Ghurair plant expansion in Abu Dhabi’s ICAD – I Mussafah.
Airlines are expected to follow Emirates to DWC when growth requirements are met.
The firm also confirmed that it planned to sell off some assets.
The new entity is expected to begin operations within a couple of years, Dubai’s tourism chief confirms.