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.
A joint venture between Mubadala and US-based Prudential Financial bought the residential project for an undisclosed sum.
The entire valuation and the structuring of the deal has already been completed, say sources.
The Bahrain-based investment firm is buying a stake in Al Yusr Industrial Contracting Co from two members of its controlling family.
Fabrice Brégier told reporters he was “very pleased” with the company’s relationship with Middle East airlines.
Etihad has wasted no time in taking its commercial relationship to the next level, after starting daily flights between Abu Dhabi and Belgrade on Saturday
The 6MW Port Victoria Wind Farm is expected to power 2,100 homes in the island country.
The agreements for nine B777-300ERs include a firm order for two airplanes previously attributed but not made public, plus a commitment for an additional seven aircraft.
Porsche was forced to sell the stake to Qatar Holding in 2009 as a way to prop up its strained finances.
Construction of the Kazakhstan project is expected to be completed by 2017.
Ties between Saudi Arabia and Iran are tense over many issues, notably the war in Syria.
The petrochemical complex, located at Jubail Industrial City, will be the world’s largest chemical complex ever built in a single phase.
Banks’ total investment in equities and debt instruments must be limited to 25 per cent of their capital and reserves.
The move is expected to provide a boost for the economy as the current Thursday-Friday weekend sees the Kingdom share only three working days with overseas companies.
Saudi’s Communications and Information Technology Commission (CITC) banned Viber this month with Skype also on its non-compliant list.
The court made its ruling after throwing out an opposition challenge to changes to the electoral system decreed by the emir.
Mark Beer becomes an OBE and Joseph Tabet an MBE, in recognition of their work to promote UAE-UK ties
Hassan Rohani, who replaces Mahmoud Ahmadinejad, is known for a conciliatory approach and is backed by reformists.
Saudi Arabia’s stock market, the region’s largest, dropped 4.3 per cent on Saturday.
A note written in English and reading “This flight will be on fire” was found in one of the plane’s toilets by a woman passenger.
The new wide body offering from Airbus is set to rival Boeing’s 787 Dreamliner.
The route is operated as a codeshare with Serbian national carrier, JatAirways.
The Qatari telecoms company said that it withdrew because of the valuation and frustration with the process.
Rohani will take up the presidency in August, replacing Mahmoud Ahmadinejad, who was legally barred from seeking a third consecutive term.
Richard Bergfors, CEO of the Swedish chain Max Burger, which recently launched in Dubai, tells Aarti Nagraj why he is confident of success.
Renewable power is helping the Kingdom meet its voracious domestic energy appetite.
Prime Minister Tayyip Erdogan has whittled away the army’s power and even holds up his executed predecessor as a political model.
The possibility of another boom-and-bust cycle in Dubai is a risk for the UAE economy in the medium term, the IMF warned