Dubai Holding was hit hard by Dubai’s property market crash and corporate debt troubles of 2008-2010.
A new case involving a 23-year-old expatriate resident has also been recorded in Qatar this week.
The limits on foreign ownership of individual stocks have become obstacles to growth as the Gulf’s capital markets gradually become more international.
Julphar has invested heavily to feed the growing needs of the GCC’s healthcare market and ensure sustainable supply of medicines to the region.
The new facility will be equipped with the latest technology capable of sorting 3,000 packages per hour.
STC made a net profit of 3.39 billion Saudi riyals in the three months to September 30, up from 1.95 billion riyals a year earlier.
Kuwaiti men can apply for government housing after marriage, receiving loans that are paid off slowly.
If the railway is completed, it could have a major impact on the Gulf economy by stimulating trade and limiting consumption of fuel for road travel.
Third-quarter net profit at the lender fell eight per cent to Dhs1.04 billion from Dhs1.12 billion in the year-ago period.
GEMS plans to begin roadshows in the United Arab Emirates this Thursday with investor meetings scheduled in Asia and Europe next week.
Dubai’s overall average occupancy increased by approximately 7.8 per cent in August compared to the same period last year.
First time expat buyers will have mortgages limited to 75 per cent of a property’s value with UAE nationals limited to 80 per cent.
The A350, designed to compete with Boeing’s 787 Dreamliner and the larger Boeing 777, staged its maiden flight in June.
Traffic for the first nine months of the year stands at 49.4 million, up from 42.6 million for the first three quarters in 2012.
US carrier to focus more on attracting international business and improving digital connectivity.
The international body cautioned the UAE to be proactive in framing policies that would insulate the economy from major problems.
The Korean company is launching two gold editions of the feature-packed Galaxy S4.
The American sports wear giant will become the official kit supplier to the UAE side.
The firm, owned by billionaire Prince Alwaleed bin Talal, attributed the profit gain to an increase in gains on investments
The lender aims for 20 per cent of its revenues to come from overseas markets in five years
The firm’s capital spending and operating expenses each rose by about a third.
The lender, majority-owned by Abu Dhabi’s ruling family, made a net profit of Dhs1.19 billion for the three months ended Sept. 30
Dubai International Capital is in negotiations to sell its 18 per cent stake in Rivoli Group to Saudi-based Al Rajhi Capital, say sources
The Kingdom has backed the rebels battling President Bashar al-Assad
The International Monetary Fund has repeatedly warned against rising government spending in OPEC member Kuwait.
A Kuwaiti investment firm has already expressed interest in trading options.
Private sector employees will now resume work from Sunday, November 3.
Starting from 1 March 2014, the carrier will fly twice daily flights into both destinations.
CEO Adel Ali predicts a minimum five new routes a year as the low-cost carrier flies into its second decade
The Middle East Banking Forum will be held on 26 November, and attract top tier representatives from regional and international lenders.