The mall, set to become the largest shopping destination in the Sultanate, will house 350 stores.
As per the ruling, landlords can raise rents by 20 per cent if contracts are 40 per cent or more below average prices.
M&A activity in the UAE has been picking up pace as market conditions improve.
Doha carrier flies into scenic Hangzhou which features a rapidly expanding hi-tech and hotel scene
The builder said it would set up real estate development units in Dubai and Abu Dhabi.
The mobile number portability service will come into effect on December 30.
The struggling Italian carrier is studying other options as well, said its CEO.
iPhone 5 had a marketshare of 2.8 per cent in the third quarter, slightly higher than Samsung’s Galaxy S3.
Al- Naimi played down any suggestion the Kingdom was ready to cut production to accommodate increased supply.
The company had been in discussions with the UAE about a deal possibly worth around $9.82 billion.
Dubai’s office rental market growth is driven by the emirate’s favourable economic and investor-friendly conditions.
Investors must step up the risk ladder to see gains, says the private bank.
Proceeds from the three-year loan will be used for general business purposes.
The Bahraini operator bought Cable & Wireless Communications’ (CWC) Islands division for $570 million in April.
Agreement provides Greeks with greater global connectivity and Etihad with improved access to Greece and mainland Europe
Abraaj bought 80 per cent of dairy producer Yorsan Gida Mamulleri AS for an undisclosed price this month.
Empower is planning a takeover of rival utility Palm District Cooling, say sources.
Currently emiratisation in the UAE’s media industry stands at just a little over 25 per cent.
Non-alcoholic chain embarks on new growth curve following Expo win
The company plans to open 50 restaurants across the Kingdom in the coming years.
Backed by rising economic confidence in the Gulf, tenors of newly issued sukuk will tend to become longer, says BLME CEO.
Dabdoub helped transform NBK from a local bank into a major regional lender with offices in 16 countries.
The convicted man’s lawyer said the ruling against Kuwaiti Mohammad al-Mikhyal was “harsh” and did not take into account his mental health problems.
The facility, funded by Bank of Tokyo-Mitsubishi UFJ and Mizuho Financial Group, is part of a wider $2 billion finance package for the Jeddah South project.
The Islamic bond has a lifespan of seven years, with a clause allowing the bank to redeem the paper after five years.
Ramadan 2013, Gangnam Style and smartphones’ search queries top Google 2013 trending list for the UAE.
A merger between the two lenders will create the second-largest bank in Oman with assets of about $10 billion.
Al Jazeera’s interest in Digiturk stems from the pay-TV operator’s access to football rights in the country, sources said.
The conversion of all the bonds is estimated to lead to the creation of around 420 million shares.
The centre will work towards promoting Dubai as a centre of Islamic finance.