The move is part of mall operator Majid Al Futtaim’s $29.3 million redevelopment plan for Oman.
KIPCO, OSN’s parent company, had indicated that an IPO was expected to happen this year.
Under the new rules, joint-stock companies need annual profits of five per cent of their capital, instead of the previous 7.5 per cent.
The poor performance of the routes was due to lack of demand as well as increased competition from other carriers.
The Dubai and Abu Dhabi benchmarks are up 54 and 17 per cent respectively this year.
Narendra Modi’s BJP party won the 2014 Indian elections with a landslide majority.
However Blatter denied allegations that the Gulf state “bought” the tournament.
Nationalisation goals should be explained in companies’ expat hiring processes, says HR expert.
Stickers printed by far-right politician Geert Wilders display anti-Islam slogans.
The UAE’s market regulator, the Securities and Commodities Authority, has been liberalising securities rules since 2012.
For some stocks, such as DP World, NBAD and Ooredoo, the expected inflows will be more than 10 times bigger than the average daily trading volume, predict experts.
As smartphone penetration levels rise and wearables enter the mainstream, a hyper-connected world is closer than we think.
Natixis currently has around 40 staff in Dubai, as well as a small representative office in Egypt.
Experts say last week’s break-up was due in large part to a clash of cultures and egos.
Congress faces worst-ever result, Rahul Gandhi may lose seat.
The company plans to use the money to expand its phosphate and gold operations, and increase funding for its aluminium business.
The over one kilometre tall Kingdom Tower will replace Dubai’s Burj Khalifa, 828 metres tall, as the highest in the world.
Hopkins spent 18 years at Standard Chartered including as CEO for Europe.
70,000 workers moved between employers in the UAE last year, according to the Ministry of Labour.
The new centre aims to ensure cross ministry coordination and disease control in the Kingdom.
The UAE and other Gulf states promised more than $12 billion in loans and donations to support the Egyptian economy after Mursi’s removal.
Global oil demand growth will be slightly higher than previously thought in 2014, at 1.32 million barrels per day (bpd), the IEA said.
The scheme is part of a strategic plan for Qatar’s financial sector developed by the country’s three regulatory bodies.
The three-year sponsorship deal will allow Arabtec to have access to specific rights of the use of Manchester City brand.
The decline was partly offset by an increase in revenue from its hospitality and rental portfolio.
Five of the deaths were reported on Tuesday and five on Wednesday, according to statements on the health ministry’s website.
Doha carrier identifies gap for focused premium product on highly competitive route
In February, IDB, which has a top-notch AAA rating, priced a $1.5 billion, five-year sukuk, its largest ever Islamic bond.
QNB, Industries Qatar and NBAD will be the three largest additions to the MSCI Emerging Markets Index.
Dana made a net profit of Dhs164 million ($44.65 million)in the three months to March 31, up from Dhs241 million a year ago.