Leaders of the U.S. Senate Foreign Relations Committee said they reached an agreement on a draft authorization for the use of military force in Syria.
Revenue increased by 12 per cent to 4.1 billion pounds, of which El Sewedy’s wire and cable segment accounted for 3.1 billion.
In a quarter-on-quarter comparison, Saudi GDP fell 1.1 per cent in April-June 2013, the first such decline in a year.
Prince Abdullah bin Mosaad bin Abdulaziz Al Saud has promised to invest substantial new capital into the club.
The potential sale may impact up to 280 employees, a source said.
The transaction is expected to be completed in the first quarter of 2014.
Ziad Awad, a veteran investment banker with nearly 20 years of experience, is setting up Boardroom Metrics Arabia.
The mall operator will use the $1.5 billion facility to replace revolving loans totalling $1 billion.
Bids are now due by Oct. 20, pushed back from Sept. 8, for the multi-billion-dollar project.
The Chinese city’s large industrial development zone is likely to funnel in corporate travellers
Hilton Capital Grand will aim to attract business and leisure travellers in the upcoming peak season
The index, which fell as much as 5.2 per cent is now down 2.6 per cent.
Five U.S. destroyers and an amphibious ship are in the Mediterranean.
Based in Tecom, the new hotel is expected to open by 2016 and will have around 672 rooms.
The average built asset wealth per person across Qatar, Saudi Arabia and the UAE is $112,842, the study found.
The new fund will provide investors access to the GCC’s growing bond market.
UAE companies saw output growth accelerate to 56.6 points in August, the highest level since February.
Emirates’ resumption is a positive sign but logistical challenges remain
The $100 billion-plus sovereign fund is scouting for opportunities in Asia and the United States.
The metal saw some upside last week as a U.S. strike on Syria seemed imminent.
The new credit facility covers about half of a $500 million five-year loan which the fund had signed in August 2008.
Barack Obama on Saturday backed off imminent strikes by the destroyers off the coast of Syria until Congress had time to vote its approval.
Dubai World paid $375 million for a 50 per cent stake in Fontainebleau Miami Beach in 2008.
Etisalat and du are suspending services of subscribers who have not registered their SIM cards on time.
Dubai International Financial Centre currently has 979 registered companies with a total workforce of 15,000.
The US accuses the Syrian government of killing over 1,400 people in a chemical gas attack.
Etihad’s Flying Nanny programme aims to assist families during long-haul flights.
The 48-storey residential tower is part of the group’s Central Park project in the DIFC.
The mechanics, engineering and plumbing contract was awarded by a joint venture led by Arabtec Holdings.
No one was injured in the incident, which reportedly occurred at dawn on Saturday.