The refinery will have a capacity of two million tonnes per annum.
The deal is expected to be worth between 1 billion euros ($1.4 billion) and 1.5 billion, sources say.
Staybridge Suites Al Andalus Mall will target shop-loving Saudis
The three-year contract includes engineering, procurement, construction, start-up and commissioning services at a refinery in Sohar.
Government spending next year is estimated to rise by 11 per cent year-on-year, with salaries and wages accounting for 37 per cent of the total.
Saleh Lootah argued for a single global Halal standard at the Global Islamic Economy Summit.
Leaders from the Islamic finance world converged in Dubai for the Global Islamic Economy Summit.
MAF was in advanced negotiations to buy Mansour Group’s Metro chain and discount grocery store.
The deal will cover maintenance work on 12 gas units at new power plants in Riyadh.
As per the deal signed on Sunday, Iran will curb its nuclear programme in exchange for initial sanctions relief
Half of all transnational expatriates said they want to stay and work in the UAE.
The proceeds of the facility will be used to further grow and strengthen its core business, said OSN.
Speaking exclusively to Gulf Business, Sultan Al Mansoori has said winning the World Expo bid will not cause another bubble.
CEOs with a strong record of taking care of their stakeholders are more likely to break that record at a later date.
Under the deal, signed on Sunday, Iran is being given relief from sanctions in return for curbs to its nuclear programme.
Matteo Stefanel was head of special situations group, managed accounts and real estate at Dubai-based Abraaj.
The GCC’s oil and gas producers need to have innovative strategic plans as competition intensifies.
An Etisalat consortium bought a 26 per cent stake in PTCL for $2.6 billion in 2005.
Private equity firms in the region are considering IPOs in overseas markets such as London as a potential exit route.
Farhad Irani, EVP and head of retail banking group at the UAE’s Mashreq, spoke to Gulf Business on Mashreq’s performance in 2013 and the state of the banking market.
The proposed tax would hit about 1.5 million migrant workers, most from south and southeast Asia.
Prime residential rents for new leases in Abu Dhabi were flat in the second quarter of this year after growing eight per cent in Q1.
The agreement between Iran and the United States, France, Germany, Britain, China and Russia was nailed down after more than four days of negotiations.
Experts are working around the clock to prevent another cable cut disaster.
Abu Dhabi is leveraging its aerospace sector to diversify the economy, says Badr S Al Olama, the CEO od Strata.
There is a perception that America is an increasingly reluctant regional policeman.
A recording application and a good quality microphone are essential tools says James Reynolds, founder of veravo.com and host of The Traffic Jam Podcast.
Dubai expats’ housing allowance levels lag when compared to the sharp rise in rents and inflation.
The UAE and other GCC countries continue to have low taxation polices which has helped boost trade in turn.
This national airline stopped operating flights to Iraq after the 1990 Iraqi invasion.