DEWA’s 2014 budget has been set at Dhs20.56 billion compared with 13.835 billion in 2013.
As market conditions improve, 2014 could be the year for Gulf capital listings.
South Africa’s first black president and anti-aparthied icon, Mandela, 95, passed away in his Johannesburg home.
The luxury accessories retailer is selling the concept of ‘affordable luxury’ to Middle East’s shoppers.
The agreement aims to develop poor areas in Egypt and maximise job creation among women and youth in the country.
The index climbed 0.9 per cent to 3,013 points, its highest close since October 2008.
Saudi Arabia has been repatriating illegal expats with the hopes of stemming unemployment among locals.
The United Arab Emirates dropped out of the coal-fired power plant project earlier this year.
Currently only about 19 per cent of the regional workforce comprises of women.
Surprise announcement shows Qantas continues to wrestle with fuel costs and competition
The firm acquired the hotel from a unit of Dubai World for an undisclosed sum.
Egypt promised to pay $1.5 billion of the $6 billion it says it owes foreign oil companies.
Bank loan growth to the private sector was 13 per cent in October, the slowest rate of expansion since May last year.
Iranian Foreign Minister Mohammad Javad Zarif visited the UAE as part of a regional tour to improve relations with the GCC.
The Kingdom’s economy expanded at an annual rate of 3.1 per cent in the third quarter of this year.
A recent study revealed that travel is one of the most discussed topics on the site.
Second Gulf carrier set to serve Dallas from next summer
A study found that there is a significant gap between the belief about ethics and industry practices among finance executives.
The current 30 million barrel-a-day target for the 12-nation group adequately matches demand, say officials.
But the UAE is prepared and capable of hosting the Olympics, says senior UAE National Olympic Committee member.
The Gulf Monetary Council has dismissed media reports of four GCC countries launching a common currency.
The construction contracts have been awarded for Azure Residences and Club Vista Mare.
Standard Chartered has reported 10 consecutive years of record income and profits.
Output and new orders in the country’s non-oil private sector accelerated to a record high.
Global carrier identifies premium demand and raises competition with Safi Airways.
Raytheon is looking to foreign orders to help offset a reduction in projected U.S. military spending over the next decade.
Kuwait Airways is planning to buy 25 new aircraft and lease 12 other new planes.
New brands such as Andaz and Hyatt Place are being lined up in next development phase.
Almost 7.5 million barrels of crude oil per day were recorded in November this year.
The Kremlin said Putin and Prince Bandar discussed plans for a long-delayed international peace conference on Syria.