Construction labour costs in the Kingdom are 51 per cent higher than in Qatar, says new report.
The lender grew its total number of assets by five per cent while its shareholders’ equity dropped by two per cent.
TAQA has a 60 per cent stake in Netherlands’ 4.1 billion cubic metre Bergermeer storage facility.
South African media group Naspers has acquired a minority stake in the Middle East e-commerce site, for a rumoured $40 million.
The massive hurricane is expected to hit the US east coast on Monday evening.
The entertainment venue, which opened on October 21, saw 260,000 visitors during the first two days of Eid.
Data from government department, Dubai Internet City and a local awards highlights the success of expat-owned companies.
The EU resolution that criticised the UAE’s human rights record was “biased and prejudiced,” said a senior minister.
The financing will include a three-year and a five-year revolving credit facility.
After years of bad headlines, the UAE is beginning to transform itself into a sanctuary for eco-tourism.
CEO Francesco Pesci speaks to Gulf Business about the brand’s expansion in the Middle East, its PPR takeover and James Bond.
Apple’s new smaller tablet is expected to ‘officially’ reach UAE shelves within the next three months, say retailers.
The UAE’s leading operator reported third-quarter net profit of Dhs2.21 bilion and revenue of Dhs8 billion.
New alliance will see regional website’s reviews published on global giant’s website.
Dubai’s prominent developer reveals slight drop in Q3 revenue and profit, despite rise for January-September.
About 70 per cent of companies in the GCC are also planning to increase headcount next year, says new survey.
The Dubai-based logistics firm reported third-quarter net profit of Dhs53.1 million.
The onshore pipeline will carry the majority of Abu Dhabi’s oil exports from storage fields in Fujairah.
A consortium led by TAQA made the lowest bid for the Rabigh 2 project in the Kingdom.
The mortgage lender saw profits drop on higher provisions and funding costs.
Gulf Business lists 10 holiday destinations you can reach within five hours by flight from Dubai.
Mall of the Emirates earns $1,423 per square foot every year, says new research.
Dubai Ports is selling its minority stake in Vostochnaya Stevedoring to Global Ports Investment.
Pieces by Renoir, Picasso and Dali to go under the hammer as the region’s art market strengthens.
The Dubai-based lender saw third quarter net profit rising to Dhs640 million on lower provisioning.
The UAE telecoms operator made a net profit after royalty of Dhs326.9 million in the third quarter.
The first three quarters of the year sees further recovery for Dubai’s debt-laden property developer.
Abu Dhabi’s residential real estate market was stagnant in Q3 2012 as the emirate deals with new incoming supply, but industrial growth will be strong
Gulf Business provides a round up of the Middle East’s biggest ICT event.
The move would make ADNOC the first Middle Eastern producer to export ultra-low sulphur diesel outside the region.