Mondelez International’s president for EEMEA said the maker of Oreo cookies has spent at least ten years on research.
Emaar Properties and Meraas Holding plan construction of an 11 million square metres project.
Qatar Diar, the real estate arm of the Gulf state’s sovereign wealth fund, owns 45 per cent of Barwa.
A Jubail plant would have processing capacity of 1.5 million tonnes a year and the other, in Rabigh, one million tonnes a year.
Is continuing instability and stalled LNG production in the Middle East causing the region to lose its competitive advantage?
Countries that produce heavier higher-sulphur crudes like Saudi Arabia are the main winners, says Reuters market analyst John Kemp.
Spot gold fell 0.3 per cent to $1,399.16, as a gold import duty hike in India raised worries about future demand.
Prices are being supported by worries that the political situation will worsen in the Middle East.
The bank had said in March it would issue local debt as part of an adjustment of monetary policy.
Financial details of the deal were not disclosed.
The project will include four rail lines and will link stadiums for the 2022 World Cup tournament.
Sectarian violence fuelled by Syria’s civil war has broken out in the northern Lebanese city of Tripoli.
Increasing pressures on the global energy system have led to heightened fragility and uncertainty.
The Kingdom announced in March that it was planning to ban VoIP services such as Skype and Viber.
The changes are expected to be implemented in six to nine months.
The family conglomerate has hired three people from accounting firm Deloitte to senior management positions.
The deal marks Qatar’s first major investment in a listed Indian company.
Airline to introduce the double-decker aircraft from January amidst “robust demand” for business and leisure traffic
A total of 1,283 buildings were completed in Abu Dhabi during the quarter, according to official data.
The Dubai contractor expects a series of recent contract wins to boost its 2013 earnings.
L&T will build a plant with a processing capacity of 75 million standard cubic feet per day.
Spot gold rose 0.5 per cent to $1,406.26 an ounce, after falling 0.9 per cent on Tuesday due to new import rules imposed by India.
A feasibility study will be carried out by the two companies over the next five months.
With several high profile property launches, how can Dubai avoid another real estate crash?
Boeing is expected to announce a formal launch of the aircraft in June.
Emaar MGF Land has been accused of using overseas funds to buy agricultural land, which is not allowed.
Kuwait, Bahrain and the UAE also make it to the global top 10 nations with the highest density of millionaires.
Yield on the 91-day T-bills eased to 0.82 per cent on Tuesday from 0.87 per cent in May.
Claude Henri Chavanon replaces Alan Durrant who left NBAD recently.
Regional carriers are benefitting from increased passenger demand and high connectivity.