Construction of the project will use green initiatives and eco-friendly systems.
Saudi Arabia produced record high volumes of crude in August as it boosted output for the second time in two years.
Kuwait’s state news agency said the package would comprise a $2 billion central bank deposit, a $1 billion grant and $1 billion in oil products.
Oman has been agreeing to buy gas from Iran as far back as 2005 but the two sides have never finalised terms.
Abdul Aziz Al Ghurair says new data body will highlight the number of debt-burdened consumers in the UAE.
The project will be completed in phases and will have a production capacity of 1000 MW of electricity.
The accord with Abu Dhabi is expected to be signed during talks between Putin and Crown Prince Sheikh Mohammed bin Zayed on Thursday.
The five-year-old Islamic bank was assigned its first credit ratings earlier this week.
Now Blatter’s admitted it was a mistake to award the rights to Qatar’s summer months, only a time-efficient loophole will prevent a winter tournament, writes Gulf Business reporter Neil Churchill
Mashreq chief executive Abdulaziz al-Ghurair had said in February that he was optimistic about the bank’s performance this year.
Gulf Business traces the lineage of the iPhone 5S back to its initial concept.
Total assets of UAE banks grew eight per cent to Dhs1.9 trillion in the first six months of this year, while net profit during the period was Dhs13.6 billion.
Christos Papadopoulos will lead the bank’s expansion in sharia-compliant banking.
Average retail rental rates in Dubai and Abu Dhabi were $114 and $71 per square feet per annum respectively.
Perks include 10 per cent off room rates, 5 per cent on early booking summer and winter deals and guaranteed room availability.
Dubai’s foreign trade growth during the first half has exceeded the expected growth rate for the entire year.
The Dubai-based company has taken the lease for the 15,000sq ft Reform Social & Grill Dubai in The Lakes from Emaar.
Hilton luxury brand’s first GCC property times launch for start of peak corporate season.
Transactions in the Middle East between July 2012 and June 2013 dropped to nine deals as compared to 13 in the previous year.
Bahrain’s Sheikh Khaled bin Ahmed al-Khalifa was speaking at the start of a meeting of foreign ministers from the six GCC countries.
Peter Garnry, equity strategist at Saxo Bank, asks what does the Nokia-Microsoft deal mean for the mobile market.
The new phones will be available in the US from September 20.
Salaries in Saudi Arabia are expected to increase on average by six per cent, while Oman and Kuwait’s pay rises will grow by 5.6 per cent.
Qatar tops the list as the most expensive construction market in Middle East.
Investment will help pharmaceutical manufacturer Steripharma to step up its exports to the private sector of North and sub-Saharan Africa.
The loan is related to Dubai Holding Investment Group’s acquisition of a 9.9 per cent stake in U.S. hedge fund Och-Ziff Capital in 2007.
Despite ample opportunities in the market, strict registration, pricing and drug distribution policies present challenges to market entry.
The renovation project will include new shopping, dining and entertainment concepts.
The lender is reducing nearly 10 per cent of its workforce as part of a restructuring, according to sources.
iMENA Holdings and Rocket Internet have partnered to invest in the regional operations of Hellofood, a global food ordering service.