Industry
MB UAE Investments will acquire 51 per cent and Al Madina Insurance Co will get 9.53 per cent of Islamic insurer National Takaful Co (Watania).
The development, called Villa Lantana, will feature 440 units including three, four and five bedroom homes.
The Gulf Arab state’s diplomacy recently helped free Peter Theo Curtis, an American journalist held since 2012.
Nayef Al-Hajraf replaces Saleh Al-Falah, who had held the post since the Capital Market Authority began operating in early 2011.
The new phase will include a redesigned VOX Cinemas complex and the launch of new fashion brands and F&B outlets.
Officials in the country have also said that applying make-up while driving will draw a fine of Dhs1,000.
Property to be sold by the unit includes a 75 million euro Arabic palace.
The workers were seized from the town of Silopi by suspected members of the Kurdistan Workers Party (PKK).
The deal is expected to close in the second half of the year.
Geopolitical tensions in Ukraine and Libya pushed up prices, although ample supply limited the rebound from last week’s 14-month low.
The emirate is holding a Chinese Visitor Summit to boost tourist numbers and guest nights.
Corpbank’s fate has been in limbo since June, when a run on deposits prompted the central bank to seize control of it and close its operations.
Hossein Amir Abdollahian’s trip is the first high-profile visit to the Kingdom since the election of Iranian President Hassan Rouhani in 2013.
Exclusive: Shayne Nelson, the CEO of Emirates NBD, says mid-sized banks in the country should consider in-market mergers.
The stock index has jumped 13.3 per cent since the opening of the market was announced on July 22.
The Hang Seng Index rose 0.2 per cent to 25,166.91 points.
Qatar’s benchmark rose 0.6 per cent, led by Islamic lender Masraf Al Rayan and Qatar National Bank
Al Khodari will build facilities at Taibah University and at Northern Borders University.
Etihad CEO James Hogan says he supports the need for “absolute clarity” regarding its 33.3 per cent stake in Swiss carrier Darwin.
The company said that no personal information of the network was accessed in the attack.
Peter Theo Curtis, an American writer, was missing since 2012.
The emirate recorded a 26 per cent rise in the number of visitors from China.
SEC plans to spend $166 billion between now and 2023 on adding 40,000 MW of installed generating capacity.
In recent weeks Libya has seen the worst fighting since the NATO-backed campaign to oust Muammar Gaddafi in 2011.
The two million square foot mall will feature a multi-screen cinema, supermarket, speciality shops and F&B options.
The bombing of Al Zafer Tower in Gaza City, which housed 44 families, was the first time in the Gaza war that Israel had brought down so tall a structure.
Shares in Dubai builder Arabtec rose as speculation grew about the sale of the stake owned by former CEO Hasan Ismaik.
The new development, spread over 55 million sq ft in Dubailand, will feature residences surrounding a golf course.
The Capital Market Authority proposed limiting total foreign ownership of the market’s value to 10 per cent.
In an exclusive interview, George Kostas elaborates on the future of the company.