The company has invited more than 70 financial institutions to a meeting in Dubai to propose “a comprehensive settlement” with creditors.
Nayef al-Ajmi was quoted as saying that comments made by the U.S. official in March, were “baseless and groundless”.
The company has recalled 372 Avalon vehicles, 2003 to 2004 models and 418 Land Cruiser 70 Pick Up, 2012-2014 models.
The Abu Dhabi-listed bank received investment grade ratings from Moody’s and Standard & Poor’s.
Apple and Samsung have been litigating around the world for nearly three years.
Fast-growing airport must keep up with Etihad’s growth ahead of Midfield Terminal Building’s launch
A sharp slowdown in major emerging economies will affect GCC countries through falling oil market prices, a report says.
The proceeds will be used for Damac’s general corporate purposes.
Long joins from HSBC Bank Egypt and replaces Ewan Stirling.
Regional club owner expresses concern about the number of new night leisure venues opening in the emirate.
Organisers have announced the sale of tickets for the Abu Dhabi Grand Prix, to be held in November 2014.
Apple is expected to launch its latest smartphone this autumn.
The company says it expects to be “flooded with requests for test drives” from interested consumers in the UAE.
Dubai World would be able to meet a $4.4 billion loan maturity in May 2015 and to make some other repayments early, a senior official said.
Bahrain has weathered the most recent bout of volatility in global financial markets, the IMF said last week.
The 2009 collapse of Algosaibi’s Bahrain unit, The International Banking Corp, and Awal Bank, owned by Saad Group, left an estimated $22 billion bank debt.
The International Automobile Federation (FIA) made the points change in a bid to keep the championship alive as long as possible.
HotStats MENA report highlights good month for UAE hotels and Jeddah whereas across the region the trading picture is mixed
The Islamic lender plans to expand its retail and wholesale banking business locally and internationally over the next five years.
European real estate investment from the Middle East reached nearly €10 billion ($13.7 billion) in 2013, finds CBRE report.
Only female staff will be allowed to work in stores selling women’s products by October 2016, local media reported.
The increase, which may happen this year, could be “pure capital” or perpetual bonds or both, its chief executive said.
Defendants were accused of attacking two officers and of taking part in an illegal protest, according to their lawyer.
The facility replaces the previous $505 million facility secured in 2011.
Executives from 13 companies listed on the DFM and NASDAQ Dubai will meet investors on April 28 and 29 in London.
Officials say London is being viewed as a primary listing for the firm.
The telco is continuing to expand its workforce across the Middle East and Asia.
The theft of jewels worth $20 million and the disappearance of Saudi businessman Mohammad al-Ruwaili has strained Thai-Saudi relations.
The Kingdom recently appointed Prince Muqrin as deputy crown prince.
African countries are catching the eye of international investors as growth decelerates in India, China and Brazil.