The Dubai-based contractor is currently bidding for projects worth about Dhs15 billion.
The smartphone manufacturer will launch the device in Europe and China in June, with other markets following shortly.
US shale oil will help meet most of the world’s new oil demand in the next five years, says International Energy Agency.
The early guidance has the five-year bond pricing in the area of 275 basis points over midswaps.
Citymax COO says it would like to build up to five more Dubai hotels – if it wasn’t for the cost of land
During the first three months of 2013, Dana collected $41 million in receivables from Egypt and $32 million from Kurdistan.
Bahrain’s biggest telecom group has now reported a fall in profit in 11 quarters out of 12 and has seen its market share eroded by rivals.
The investment bank said the quarterly net loss narrowed to Dhs5.9 million dirhams ($1.6 million) from Dhs8.5 million a year ago.
The proposal calls for state-owned Kuwait Airways to buy 25 new Airbus jets and to lease a further 13 to upgrade its fleet but needs government approval.
Elections in December brought in lawmakers seen as more cooperative with the government.
The Saudi Arabian Monetary Agency sent banks a circular in April giving them three months to list the types of jobs that could be reserved entirely for Saudis.
The Abu Dhabi Ports Company’s ambitious Dhs26.5 billion megaproject is powering ahead and on track to establish the UAE as a global maritime hub.
The oil and gas sector, along with banking and finance, will see wage hikes.
Revenue for the quarter rose 22 per cent to Dhs722 million, Air Arabia said, adding passenger traffic during the period was up 18 per cent.
Carlyle raised $500 million in 2007 for its debut fund in the region. The fund now has five companies in its portfolio including Saudi Arabia’s General Lighting Co.
RAK Petroleum’s assets include a 42.8 per cent holding in Norwegian oil company DNO International ASA.
Emirati citizens advised not to travel to the popular Arab country after a demonstration by pro-Assad Syrians in Sidon.
More than three quarters of respondents believe that aims of short-term corporate profitability have led to business damaging decisions.
First-quarter net income rose to $66 million from $57 million in the year-ago period, with operating income up 16 per cent.
Previously, firms debuting on the Tadawul had unrestricted price movement on their first day of trading, meaning shares often soared before falling back later.
Earlier this month the Abu Dhabi government said it would set up a full-service financial zone on an island near the city’s downtown.
Kuwait Airways plans to buy 10 wide-bodied A350-900 jets and 15 of the slimmer A320neo.
The project will be within the developer’s Jumeirah Village Circle community. Work is expected to start immediately with an estimated completion date at the end of 2014.
Bank of Muscat lost $40 million and UAE-based RAKBANK lost $5 million in the global heist.
The IPO has been postponed pending necessary approvals.
The Kingdom is currently investing heavily in building tourism facilities for domestic visitors.
Alan Joyce says that no other two airlines in the world can do something as significant as the alliance of Qantas with Emirates.
The country is mainly eyeing investments in energy, logistics and infrastructure.
Bank Muscat had reported in February that its pre-paid travel cards were hit by fraud, forcing it to take a 15 million rial ($39.0 million) loss provision.
Rakbank suffered a $5 million coordinated heist at ATMs around the world in December while Bank of Muscat lost $40 million in February.