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.
Full-year net profit for Prince Alwaleed’s investment firm rose five per cent to 742.5 million riyals.
Taqa plans to invest more than $300 million in the first phase of the project.
Saudi Telecom reported a net profit of 3.62 billion riyals in the three months to December 31.
The new rules aim to reduce red tape for businesses and cut short approval time.
BRE is selling some of its assets to Qatari Diar to help eliminate its debts.
High liquidity in the country has kept funding costs low.
The ‘Launching People’ initiative aims to help transform ideas into reality in four areas – fashion, education, invention and start-ups.
The “Heart of Europe” project, a complex of luxury hotels and villas, is expected to be completed by the end of 2016.
The firms will work on photovoltaic solar projects through the joint venture.
Fast food chain plots Asian and European expansion on top of openings in UK and North America.
The project will be developed by Dubai’s Union Properties, along with National Properties, a unit of National Bonds Corporation.
The project is an integrated entertainment, hospitality and leisure development and is expected to boost Jordan’s tourism industry.
Shell is selling the stakes to the Kuwait Foreign Petroleum Exploration Company, a partner in the project.
It was previously estimated that the project to produce usable gas from Shah’s high-sulphur gas field would be completed in late 2014.
The Dubai developer is maintaining sales prices at the same level as last year, confirms chairman Ali Rashid Lootah.
The contribution of solar power towards the region’s energy mix is forecast to shift significantly in the coming years, says new report.
If Iran meets its end of the agreement, the European Union and the US will suspend some economic sanctions in return.
QIB made a net profit of $100.2 million during the three months to December 31.
Fiji, Kiribati, Samoa, Tuvalu and Vanuatu will receive grants from the UAE’s $50m renewable energy fund.
GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
Economists estimate only 30-40 per cent of working-age Saudis hold jobs or actively seek work.
Shale oil remains much more costly to produce than most Middle East crude.
Total fees rose to $722 million in 2013, the highest since 2010.
A study has shown 71 per cent believe flexible working improves staff retention.