Despite signs of economic improvement, banks are still dealing with asset quality problems from the 2008 crisis, says Fitch
The fuel retailer cancelled a tender seeking 90,000 tonnes of jet fuel for November to December delivery
Arabtec will build two mixed-use towers for the 332-room Tiara Hotel on Palm Jumeirah
Sheikha al-Mayassa al-Thani, who heads the Qatar Museums Authority, was chosen for her willingness to spend at a rate estimated to be $1 billion a year.
The airline will be the largest carrier on the planet by international passenger traffic, says president, Tim Clark.
The new mall features 160 shops, over 20 dining outlets and an eight-screen cinema.
It’s about time we all grew up, writes Reda Raad, COO, TBWA\RAAD.
The Dubai-based property developer said that facilitating mortgages for non-residents would help drive real estate investments.
Gulf Air hopes its new daily evening service will appeal to ‘new Dubai’ residents
New service to provide more flexibility and better connectivity for passengers
French utility EDF is spending $26 billion to build two nuclear reactors at Hinkley Point in the UK
According to a Mercer survey, the UAE’s above global average pay rise is a long running trend in the region.
The UAE and Saudi Arabia were the top two performing markets in the region.
QNB will issue three-year floating rate notes
Kazim, currently CEO of DFM, replaces veteran banker Abduljalil Yousuf Darwish
The plant, which will generate around 24 million kilowatt hours (kWh) of electricity per year, is the region’s largest photovoltaic facility.
Amer Kazim will replace longstanding incumbent Mark Shuttleworth.
Emirates International Telecommunications is seeking to sell its 35 per cent stake in Tunisie Telecom and 26 per cent stake in Axiom Telecom.
Saudi Arabia rejected a UN Security Council place in protest at the body’s failure to end the war in Syria and act on other Middle East issues.
Around 20 per cent of businesses in the Middle East experienced an average of three security breaches in the last 12 months.
The emirate achieved the highest ranking for its education services and its core climate.
The phone manufacturer also launched two new Lumia smartphones and three new Asha models.
SAP’s early adoption of cloud and in-memory computing has helped the company stay ahead of the game in the Middle East.
The service will be rolled out in a phased manner to ensure a “smooth” customer experience, said the company.
Muhammad Ibn al-Dheeb al-Ajami praised the Arab Spring revolts that toppled four authoritarian leaders.
Ooredoo shares listed on the Qatar Exchange are up 34 per cent this year, but remain 8.6 per cent below a 2005 peak.
Itqan Capital is eyeing up to $200 million for the fund that it plans to launch with Bahrain-based school consultancy firm D3 Consultants in 2014.
The A350 is designed to compete with the Boeing 787 Dreamliner and the larger Boeing 777.
Emirates becomes the fifth airline to join Virgin America’s frequent flyer program.
The provisional Etihad order for dozens of Boeing jets could be worth $18 billion at list prices.