The proceeds will be used by the lender for general business purposes.
Mubarak was sentenced to life in prison last year for failing to prevent the killing of demonstrators.
Ali Asghar’s departure effectively means Lazard has no senior bankers in Dubai.
Are you good looking, handsome or beautiful? Careful, your features may cause problems in the region.
The Dubai contractor says there are no plans to merge with Kuwait’s Combined Group Contracting Co. and Saudi Arabia’s Saudi Oger.
Mobile operator Mobily plans to acquire a controlling interest in loss-making fixed line operator, Etihad Atheeb.
The law places many restrictions on the sale of tobacco including a ban on advertisements and marketing in supermarkets.
The $1 billion power plant will offer 33.4 million existing ordinary shares at a price of OMR1.59 per share.
Reports claim that some Libyan oil exports, stopped due to strikes and civil unrest, might soon resume.
Following the launch of a new ‘University pages’ feature, LinkedIn aims to target high school students.
Google is not the only search engine on the web. Here are some others also worth a try.
United Jubail Petrochemical Company, an affiliate of Saudi’s SABIC, has awarded a construction contract for the plant to Germany’s Linde Group.
Deployment of android tablets will help in building smart hospitals in Dubai, said a top DHA official.
The construction firm is reportedly in merger talks with Kuwait’s Combined Group Contracting Co and Saudi Arabia’s Saudi Oger.
Saudi Arabia, Kuwait and the United Arab Emirates have promised Egypt a total of $12 billion in loans, grants and fuel shipments.
Arabtec underwent a major management shake up in February, replacing its founder and chief executive.
The professional services company plans to employ staff across many sectors, including telcos, financial services and energy.
The utility has issued a request for tenders for the 1200 MW plant.
Dubai International Airport will close runways for 80 days beginning from May 1, 2014 for a maintenance project.
A survey finds it takes more money to be considered wealthy in the UAE than it does in the United States or the UK.
Dominic Ellis is the first journalist to experience the new class of Dubai’s low-cost carrier, testing everything from the cabin to duty free.
Doha agreed in June to supply Egypt with five shipments to cover some of its power needs.
Nokia remains top mobile manufacturer in the UAE, beating Samsung and Apple.
New high-end residential properties in Abu Dhabi see rising demand despite an over supply of residential units.
The special edition smartphone, priced at Dhs3,799, will be available in white with a gold-coloured stainless steel frame.
Egypt’s Interior Ministry’s Facebook page showed a picture of Mohamed Badie with a caption confirming his arrest.
Prince Saud al-Faisal accused Western countries of tacitly encouraging Muslim Brotherhood violence with their criticism of the Egyptian military.
Mubarak, who ruled Egypt for 30 years, was arrested soon after his overthrow and became the first Arab leader to face trial.
Mubadala Petroleum and Kris Energy will develop the Nong Yao field with production capacity of up to 15,000 barrels of oil per day.
As consumer lending perks up in the UAE, unsolicited calls from various banks pushing credit have reached pre-crisis levels.