Industry
Arabtec confirmed on Tuesday that it had laid off a “limited number” of staff to improve productivity.
He replaces Abdulaziz Ibrahim Fakhroo, who is leaving as his term has ended.
Reports claimed that the Dubai contractor laid off hundreds of staff following the departure of CEO Hasan Ismaik.
The first phase of the $40 billion Etihad Rail project includes a 266-kilometre long rail network that runs from Shah to Ruwais.
The deal will see the light rail system starting to operate in 2018-20 in Lusail City.
Gulftainer will invest up to $100 million in equipment and employees to operate a container and cargo terminal at Port Canaveral.
Peter Greste is one of three Al Jazeera journalists jailed for seven years each by an Egyptian judge.
The development will include three office buildings overlooking Crescent Plaza, which houses luxury retail outlets and F&B options.
Mark Watts, who joined the bank in 2010, resigned for personal reasons, sources said.
Kuwait said that it would reinstate its ambassador in Iraq once the political situation stabilises.
The increase in tourism numbers was spurred by the launch of a daily Emirates flight route to Lisbon back in July 2012.
The company’s stock fell its daily limit of 10 per cent for a second session in a row.
Study reveals a disparity in consumer’s privacy expectations and where they believe responsibility for their privacy lies.
The theme park has already started the expansion process, and aims to complete it in three years.
Al Jazeera English managing director said that the ruling “defies logic, sense, and any semblance of justice”.
One-year dollar/Saudi riyal forwards jumped as high as 50.50 points, their highest level since the Arab Spring uprisings hit the Middle East in March 2011.
As per the deal, the company will place two Airbus A320 aircraft on long-term leases with Lisbon-based airline TAP Portugal.
Large numbers of staff, including at least two senior executives, have departed the company since Ismaik resigned.
The three journalists who were sentenced include Australian Peter Greste, Al Jazeera’s Kenya-based correspondent, and Canadian-Egyptian national Mohamed Fahmy.
Mubadala Petroleum said it found substantial gas in the Pegaga well in its operating block SK320.
The transaction is earmarked to price in the area of six per cent, a document from lead arrangers showed.
Free wifi, food and beverages available to the airline’s premium passengers at Terminal 2
All three have been held at Egypt’s notorious Tora Prison for six months, in a case that has drawn criticism from Western governments and human rights groups.
Can renters are becoming younger, increasingly using vehicles for leisure purposes and booking online says Elyes Mrad, VP sales and marketing, Hertz.
Saudi Arabia has become a major importer of hard and soft wheat since abandoning plans for self-sufficiency in wheat in 2008.
The fast food chain will open restaurants in the Texan cities of Houston and Austin, as part of its expansion.
The delay in the start-up of the plant was due to construction work falling behind the original timetable, a statement to the Saudi stock market said.
The stake will be sold to Labregah Real Estate Co, a wholly owned subsidiary of Qatari Diar, the developer said in a statement on Qatar’s bourse.
The purchase of Vela paves the way for a deal which makes Bahri the world’s fourth-largest owner of very large crude carriers (VLCCs).
The six month long event is also encouraging business colleges to set up base in the emirate.