They accused Doha of not implementing an agreement among GCC countries not to interfere in each others’ internal affairs.
The Kingdom’s stock market saw five IPOs in 2013 worth around $506 million, down in both volume and value from 2012.
The conglomerate obtained money for the prepayment from asset sales.
Under the deal, Arabtec Construction will build over 1,500 townhouses in Emaar’s Reem community.
New survey attributed the higher than average rates during the start of the year to the holiday season.
The city’s third Sofitel will have a strong artistic flavour
Cost sensitivity and a strong supply of talent are impacting salaries in the GCC say recruiters.
The company said EBITDA fell because of dropping revenue at its Indonesian unit Indosat and Myanmar start-up costs.
In 2013, there were four separate examples of consolidation in the Bahraini banking sector.
Ras Al Khaimah Ceramics has a market capitalisation of $781 million.
Users will need Yahoo accounts to access services such as Fantasy Sports and photo-sharing site Flickr.
Mubadala shifted some of its focus to emerging markets after the global financial crisis hit the United States and Europe.
Etisalat agreed to buy Paris-listed Vivendi’s 53 per cent holding in Maroc Telecom for 3.9 billion euros last November.
Air passenger traffic in the UAE, Saudi Arabia and Oman is expected to grow at 6.6, 6.9 and 7.2 per cent respectively, a report says.
Development of the Saudi petrochemical sector is part of Riyadh’s strategy for diversifying the economy away from its dependence on crude export revenues.
Inflation rates will stay at manageable, low single-digit levels throughout the region, the report said.
Etisalat made a net profit of Dhs1.45 billion ($394.77 million) in the three months to December 31.
South Korea’s Daelim Industrial, France’s Technip, Spain’s Tecnicas Reunidas and Taiwan’s CTCI have submitted bids for the two-plant project in Jubail.
Unrealistic pay rises during boom time might prove counterproductive to a company’s growth, expert says.
The developer said it booked sales worth $2.5 billion in 2013 compared with $661 million in the prior year.
Over 11 million guests stayed in the emirate’s hotels and hotel apartments last year with occupancy rates reaching 80 per cent.
The telco said the money will be used for general corporate purposes.
Sarah Al-Suhaimi, currently head of asset management and chief investment officer at Jadwa Investment has reportedly been hired as CEO of National Commercial Bank.
The REIT will invest in between 15 and 35 properties and be managed by Swiss-based B&I Capital AG.
The deals include a $720 million package and agreements with Standard Chartered Bank and DBS Singapore.
Saudi billionaire Prince Alwaleed again ranks first in the region on Forbes’ annual list of the world’s billionaires.
Hub designed to promote guest interaction, showcase arts and offer day-and-night F&B
A bomb detonated during a protest in a village west of the capital Manama.
Some 45 per cent of financial firms were victims of fraud last year, PwC’s 2014 global economic crime survey showed.
Land prices in areas such as Studio City rose 15 to 20 per cent.