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.
The telecoms operator will offer 55.9 million shares at one dinar each.
Tie up with global travel wholesaler Tourico Holidays provides passengers with access to more than 36,000 hotels
Gulf Business reveals the 50 biggest banks in the UAE, Saudi Arabia, Bahrain, Qatar, Kuwait and Oman as ranked by full-year 2012 assets.
The German airline’s CEO Christoph Franz said that Lufthansa may enter a partnership, but there was “no rush.”
Hundreds of police and protesters have been injured since riots began on Friday.
The new entity, Emirates Global Aluminium, will be jointly held by Dubai Aluminium (Dubal) and Emirates Aluminium (Emal).
The rescheduled payment, spread over seven years, will be treated as a commercial loan.
The wheat is of optional origin from the European Union, Australia and North and South America.
Airline now serves both Tokyo airports and new service operates as a codeshare with Japan Airlines
The GCC has called Hezbollah’s involvement in Syria “sectarian intervention”.
The Abu Dhabi developer has sold three plots of land to help meet its creditor obligations, but is still facing a huge deficit in its debts to the Abu Dhabi courts.
The Majid Al Futtaim group planned to partly finance the $683 million acquisition of Carrefour’s stake through a hybrid bond.
The regional PE market is still in its nascent stages, but with consolidation on the way, only the best players will survive.
The Abu Dhabi carrier will offer non-stop flights to Sao Paolo three times a week.
Up to 25 per cent of the construction work on the Khalifa Al Tajer Mosque has been completed.
The lender has repaid the remaining Dhs2.6 billion of a Dhs6.6 billion loan facility it borrowed from the government.
The deficit was lower than the BD1.33 billion initially foreseen and is equivalent to two per cent of GDP.
The move was part of an acquisition of BP assets in the North Sea agreed in 2011.
The Saudi company sold its stake to Hawaii-based Outrigger Hotels and Resorts.
The project will allow both countries to share power of up to 3,000 megawatts.