The Abu Dhabi-based lender has acquired Dubai First from the debt laden Dubai Group.
Twelve UAE nationals were arrested after the boats allegedly crossed into Iran’s territorial waters.
Sheikh Ali bin Jassim al-Thani and his wife Iman al-Kuwari were sentenced on Thursday to a maximum of six years in prison.
Saudi Arabia is trying to reduce a black market in labour among the estimated nine million foreigners in the country.
KIPCO owns 60.5 per cent of OSN and its Saudi-based partner Mawarid Group has 39.5 per cent.
The Kingdom has no immediate plans to open its doors completely to foreign travellers.
Under Saudi regulations foreign-owned businesses face a complex licensing process and are tightly controlled.
A study by Barclays Wealth shows a growing confidence of increasing fortunes compared to other global markets.
Senior Afghan officials had accused Washington on Wednesday of breaking assurances to Kabul.
BP has already spent hundreds of millions of dollars on the project since winning the concession in 2007.
DEG has a current portfolio of 160 million euros in the MENA region but has not been very active since 2011.
The sale will push the bank’s Tier 1 ratio towards its 17 per cent target for the end of 2013.
Gulf economies have ridden out the global financial crisis of the past five years more smoothly than many economists expected.
A team of U.S. negotiators arrived in Qatar earlier on Wednesday and held a meeting with Afghan diplomats in the Qatari capital.
Ties between Egypt and the UAE have been strained since the revolution that toppled veteran Egyptian ruler Hosni Mubarak.
Qatar said in 2011 it wanted to replace its fleet of 12 Mirage fighter jets, possibly buying 24 to 36 units.
The UAE has revived a proposal to merge its two main bourses in a state-backed deal that could boost trading.
The order, previously logged as being from an unidentified customer, makes Oman Air the first Gulf customer for the next generation aircraft.
Premium cabin will serve passengers seeking more on-board frills and entertainment
The new BlackBerry smartphone, priced Dhs1,499 will be unveiled in the UAE on June 20.
Investigation now underway into the cause of the damage on the evening flight from Muscat.
This year’s holy month will be the ‘most mobile-enabled’ yet as Middle East penetration rate hits 109 per cent.
The loan maturity has been extended to the second quarter of 2018 from the second quarter of 2017.
The sultanate’s central bank has issued a warning to the country which echoes a similar statement by the IMF last week.
A market for corporate bonds would help companies finance their expansion plans.
Emirates Airlines is on an unstoppable flight path, connecting Dubai to the world and generating mega-profits in the process.
The emirate, which recently announced a new design district, has now signed an agreement to create ‘Dubai Fashion 2020.’
The Saudi prince is inviting Dubai’s biggest real estate developer Emaar Properties to team up with his investment firm Kingdom Holding.
Dassault’s Rafale jets and the BAE Systems-backed Eurofighter have been locked in competition for the deal to replace at least 60 of the UAE’s Mirage fleet.
Chief executive Akbar Al Baker told reporters at the Paris Airshow that the airline could place orders by November.