The fund’s largest equity investments include Emaar Properties and London-listed UAE firm NMC Health.
The cost gap for Gulf banks rated by S&P seems to be narrowing to as little as 30 basis points in the first half of 2013 from a high of 110 bps in 2009.
The government will offload 142.5 million Omantel shares, reducing its holding to 51 per cent from 70 per cent.
An extra charge of Dhs2 will be levied on all credit and debit card payments while Nol card users will incur a Dhs1 charge.
The loan will finance the delivery of the next 17 aircraft on order for the carrier.
Engineers found the smoke to be the result of a common occurrence caused by a warm tyre, the airline said.
The region witnessed a strong rise in deal value and volume, aided by rising business confidence and improved liquidity.
Accor is tapping into region-wide demand for long-stay accommodation
Batelco will buy 46 per cent of Qualitynet from Ali al-Ghanim & Sons for an undisclosed fee.
At present Saudis must wait six to nine months after films are released in cinemas to watch them on local pay-television.
Ambassador for the UK’s financial sector wants to see more women at senior management and board level.
The social networking site says the move is aimed at accelerating growth in both the companies.
The order includes 10 A350-900 and 15 medium-haul A320neo airliners.
The men had been also convicted of chanting slogans against the Kingdom.
An agreement will see the exchanges share expertise and develop human capital.
The developer confirmed that 120 retailers have booked spaces at Nakheel Mall.
The branded credit and debit cards will introduce a new rewards programme for users.
Six others were sentenced to life imprisonment for the killing of a policeman after a protest last year.
The original contract had to be renegotiated after Saudi requested more advanced weaponry and equipment for the Typhoon fleet.
The negotiations could help defuse years of hostility between energy-exporting Iran and the West and open up major business opportunities for Western firms.
Ray Ferguson joins the ABC Group after working with Standard Chartered for 28 years.
Dubai’s inflation rate rose month-on-month by 0.49 per cent in January, driven by housing and utility costs.
The new listing could revive the struggling platform, says senior lawyer.
The emirate borrowed the money five years ago and the debt is due to mature next month.
One-bedroom units in the emirate recorded the highest rise in rates as rents rose by 11 per cent in the last quarter.
Wataniya made a net profit of 18.4 million dinars ($65.3 million) in the three months to December 31, 2013.
The Abu Dhabi Plaza development in Kazakhstan is under construction by a joint venture of Arabtec and Consolidated Contractors Co.
Abu Dhabi Investment Council and Dutch-owned oil trader Vitol have reportedly bought Shell’s downstream Australian assets.
The kids’ retail store, part of the Landmark Group, currently operates 40 stores in the UAE.
Doha carrier will be first Gulf carrier to operate a purely business class service on the high-density route