The refinery has capacity to process around 116,000 barrels per day of Omani crude.
The Arab nation is looking towards the Gulf region to revive its slowing tourism sector
The slowdown would underline the government’s main challenge of creating enough jobs for the country’s growing population of nationals.
There are fears that a deadlock in political efforts to solve a three-year-old standoff is deepening frustration among young Shi’ites.
Ban said both meetings would be “solution shops” for an urgent problem.
The group plans to reach 100 hotels by 2017.
The 359 room property is Hilton’s fourth Doubletree on the Arabian Peninsula.
Iyad Abdalrahim was formerly CFO of Arabtec’s construction unit.
One of the options under discussion envisages hiving off a large chunk of Alitalia’s $1.11 billion of debt into a separate company.
The total number of cases in the kingdom is 396, of whom 109 have died.
Under the plan to woo Etihad, the new firm would take on the majority of Alitalia’s debt and around 3,000 staff, a local paper reported.
The first case of the disease in Egypt was reported last week.
The move apparently aims to curb smuggling of fuel in the Gulf country, a local newspaper reported.
The issue would be part of a 500 million rial ($1.3 billion) sukuk programme which the bank’s shareholders approved in March,
The IPO was expected to mark the merger of the Abu Dhabi, Dubai indices and help kick start new listings in the UAE.
The money will be used to fund various Orpic projects, including an expansion plan for its refinery in the industrial city of Sohar.
72 By Hues is looking to capitalise on Sharjah’s growing tourism market.
Chief executive Osman Sultan was bullish on the company’s prospects despite a slow net profit growth of 4.5 per cent in the first quarter.
The bank’s chief executive declined to name the acquisition target.
Accad joins Ahli, a medium-sized lender, from Kuwait’s Gulf Bank where he resigned as CEO last year.
Luxury brand’s third Dubai property blends French culture and art and targets business and leisure travellers given the proximity to DIFC and Dubai Mall
The lender said that it continued to grow its loan book in Q1 2014 while maintaining the structure of its balance sheet with high levels of liquidity and capital.
The issuer completes investor meetings for the deal on May 5 and settlement is scheduled for May 11.
The start of operations was marked by the arrival of an Emirates SkyCargo Boeing 777 Freighter from London Heathrow today.
Under the law, individuals found guilty of money laundering will face a jail term of ten years along with a fine ranging from Dhs100,000 to Dhs500,000.
The 10-year deal will be linked to the city’s railway project and will handle the procurement, operation and maintenance of the buses.
Planned runway maintenance at Dubai International has significantly increased the number of private and business jets at DWC, according to DC Aviation Al-Futtaim.
The service allows mobile-app makers to insert various types of ads within their software, with Facebook sharing advertising dollars with the developers.
The bank made Dhs636.6 million ($173.3 million) in the opening three months of the year, it said in a statement.
The mega event could shift the balance of employment away from the public sector, a new report says.