The institute will focus on skills development and research capabilities as Dubai targets becoming a ‘Smart City’.
The fund aims to issue an Islamic bond with a six year lifespan and a conventional bond offering of 10 years duration.
The Sharjah-based low cost carrier recorded a 12 per cent rise in passenger traffic.
Dubai’s ruler Sheikh Mohammed launched the first project under the emirate’s Brand Dubai initiative.
The developer said that booked sales more than doubled year-on-year to $864 million in the first quarter.
The country’s manufacturing and hospitality sector have seen immense growth
Waha Capital’s net profit in the three months to end-March rose to Dhs152 million($41.4 million).
The passenger was on Saudi Airlines Flight 113 from Jeddah to London.
CompTIA’s Randy Gross explains why IT is becoming more integral to business success.
Although over supply fears are uncalled for, average Dubai room rates need to decrease, industry experts say.
The resignation comes after a senior US official allegedly claimed that Nayef al-Ajmi had “a history of promoting jihad in Syria”.
Kingdom City in Jeddah will also include mixed-use residential and commercial developments, the chief executive said.
Katara-owned Excelsior Hotel Gallia will be a part of Starwood’s Luxury Collection portfolio, making it the brand’s seventh hotel in Italy.
The Asian country has become an important gateway hub for the Dubai-based carrier.
Aldar launched three new developments worth Dhs5 billion last month and said it was exploring 23 property projects.
Beck’s Belcanto will be another ‘casual fine dining’ concept, similar to Social by Heinz Beck at The Waldorf Astoria Dubai Palm Jumeirah.
Women working in the country’s public sector can retire earlier at 55, finds new Mercer report.
Saudi Arabia’s oil minister also said that total global oil demand was steady.
Implementation of the federal mortgage cap seems to be most effective in cooling prices, real estate consultancy Cluttons says.
The Southeast Asian country is boosting social media promotion and working on improving air connectivity to lure more visitors from the GCC.
The expansion is planned to more than double the capacity of Ruwais refinery from 415,000 barrels a day (bpd).
Mauser was put up for sale earlier this year, having been bought by DIC from JP Morgan’s buyout unit in 2007, in a deal which valued the firm at 850 million euros.
The company made a profit of OMR8.23 million ($21.4 million) in the three months to March 31.
The move is expected to make closing prices more predictable and eliminate large last-minute swings, the bourse said.
The Financial Times said this was an acceleration of the SFO’s probe into allegedly corrupt arrangements with Qatar as part of the bank’s emergency cash call in 2008.
The bank made a profit of Dhs512.1 million ($139.4 million) in the quarter, up from Dhs494.9 million a year earlier.
The firm made a net profit of Dhs45.7 million ($12.4 million) in the first three months of 2014.
The developer’s profit rose to Dhs453.4 million ($123.4 million) in the first quarter from Dhs154.3 million in the same period of 2013.
Russia’s military intervention on Ukraine’s Crimean peninsula and its aftermath in eastern Ukraine have rattled oil markets for the last few months.
Kuwait Petroleum Corp (KPC) also plans to sign a $3 billion deal LNG supply deal with BP, a senior executive said.