Governments from Dubai to Malaysia are seeking to promote Shariah-compliant bonds and become centers for Islamic finance.
A look at the GCC’s performance this year and expectations coming into 2014.
UAE professionals incurred a yearly revenue loss of 26 per cent due to lack of face-to-face meetings.
The Dubai developer gained three per cent to reach Dhs7.57 at the close of trading, its highest since September 2008.
The UK has been aggressively targeting the wealthy Gulf tourists through various marketing campaigns this year.
Brent is forecast to average $104 next year, down from about $110 in 2013, Jadwa said.
Recent revelations from the NSA scandal and the rising number of cyberthreats have exacerbated online privacy concerns.
The Hazza bin Zayed stadium, which can accommodate 25,000 spectators, is expected to boost the emirate’s sports industry.
Experts expect issuances to reach $40-45 billion next year, compared to $28.97 billion in 2013.
Including the latest payment, Dana Gas has received a total of $130 million from the Egyptian authorities this year, it said.
The army said a car bomb had been used in what it called a “vile terrorist attack”.
Coal & Oil will use the amount to complete its 1200mw thermal power plant under construction in Tamilnadu, India.
The contracts were awarded to Canadian and Asian companies concerning its new phosphate mining and production project.
According to the IEA, the South Pars field holds around 51 trillion cubic metres of gas and some 50 billion barrels of condensate.
Shezanne Cassim, 29, has been detained since April after publishing the 20-minute “mockumentary” film.
Gulf Business looks back on the articles that attracted most reader attention on our website this year.
Next year’s 4.3 per cent rise in planned spending is far smaller than the 19 per cent leap envisaged by the 2013 budget plan.
The deal, valued at $2.9 million, is Hayaat Group’s first investment in East African oil exploration.
The move could pave the way for a cabinet reshuffle.
Qatar Investment Authority is holding “conversations” with Kotak Realty Fund, says source.
Dubai Marina topped the list of Dubai’s most searched locations to rent property in, according to propertyfinder.ae.
Technological expertise dominated LinkedIn’s list of skills that were in demand among professionals in 2013.
The price will rise to 120 fils ($0.32) per litre next Jan. 14, to 140 fils in Jan 2015, 160 fils in Jan 2016 and 180 fils in Jan 2017.
The two-year loan facility will be used to fund the lender’s general business.
The firm won a deal for mechanical, electrical and plumbing work at the Mall of Qatar, which is now under construction near Doha.
Qatari shipments to Europe under medium- or long-term contracts will rise 22 per cent in 2014, the biggest jump since 2009.
Experts from the six world powers and Iran have to settle the practical details of the accord.
Prince Mishaal replaces Prince Khaled al-Faisal, who has been made education minister.
Digitalisation and regulation took centre stage in GCC banking in 2013, according to Farhad Irani, EVP and head of retail banking at Mashreq.
Mesaieed Petrochemical, a unit of Qatar Petroleum, plans to launch an $880 million IPO In January.