SABIC CEO Mohamed al-Mady said the investment would be in downstream operations.
In a speech to an international conference on Syria, Prince Saud called for the withdrawal of all foreign forces from Syria.
The role will include attending several board meetings each year in Australia.
BK reported a full-year profit for 2013 at $844 million, down from the $1.08 billion recorded for 2012.
The company expects to complete construction of its ‘Mall of Egypt’ project near Cairo by the end of 2015.
The new office will help the company expand its presence in the wider Balkan region.
BAE lost a potential $10 billion deal to sell 60 Eurofighter jets to the UAE late last year.
Middle East CEOs are the most confident globally about short-term revenue growth in 2014.
Ambassador Nicholas Hopton dismissed criticism Qatar has faced in preparation for hosting the event.
The Omega Dubai Ladies Masters golfing tournament continues to raise Dubai’s sporting profile.
Etihad will codeshare on 40 JetBlue routes within the U.S. with further codeshares planned for later in the year.
DEWA has a $1 billion bond maturing in April 2015.
Abraaj’s investment will help Yörsan Group grow both domestically and internationally.
The lender made a net profit of 9.3 million rials in the three months to December 31.
Earlier this month the government said it was suspending talks with opposition groups.
Doha Bank has been raising its reserves in the last year to improve its capital ratios.
TAQA aims to boost its water output by at least 120 million gallons per day in five years.
The French car company sold over 55,000 units in the region with the UAE recording the biggest increase.
The UAE and New Zealand signed an agreement to fund viable renewable energy projects in Pacific Island countries.
The $867 million revolving facility is due to mature in March.
The Federal Supreme Court in Abu Dhabi handed the men sentences ranging from three months and five years in prison.
Performance of Saudi lenders is being driven by business growth and declining loan impairment charges.
Corporates and state-owned entities in Saudi Arabia raised the equivalent of $15 billion from the sale of sukuk in 2013.
Bank Sohar is currently in talks with rival lender Bank Dhofar over a possible merger.
JC Butler is leaving Dubai-based classified website dubizzle to return to the US.
Egypt’s tourism sector has shrivelled since former president Hosni Mubarak was toppled by a popular uprising in 2011.
Saudi Arabia’s private sector hospitals are expected to hike their fees to compensate the loss of funds due to labour ministry decisions.
The firm is the first Gulf-based issuer to announce plans for an international bond offering in 2014.
Frederik, Crown Prince of Denmark, commended the UAE for embracing renewable energy.
New report by Deloitte suggests that the Palm will remain a prime luxury beach resort destination in the emirate.