GFH, which bought the second-tier club in 2012, said it had agreed to sell the stake to a consortium of British investors.
Economists estimate only 30-40 per cent of working-age Saudis hold jobs or actively seek work.
Shale oil remains much more costly to produce than most Middle East crude.
Total fees rose to $722 million in 2013, the highest since 2010.
A study has shown 71 per cent believe flexible working improves staff retention.
Isam al-Sager, 58, is currently the deputy chief executive of National Bank of Kuwait.
Acquiring Palm Utilities will give Empower about 70 per cent of the UAE’s district cooling market.
Mubadala has taken a 20 per cent interest in Block 2B and Shell has taken a 20 per cent interest in Block SK320.
All Emirati males between ages 18 and 30 will be required to serve in the military while it is optional for women
The venture is looking at various raw materials to produce biofuel including agricultural waste and date palm leaves.
Reem Island showed the highest rise in prices for the second consecutive year in 2013, comprising around 30 per cent of online property searches.
The developer attributed the profit rise to the timely completion of projects and the handing over of finished units to customers.
Net earnings in the three months to December 31 were 373.3 million riyals, up 1.2 per cent on the same period a year earlier.
Al Rajhi reported a 19.1 per cent drop in fourth-quarter net profit.
The number of deals in Dubai rose 53 per cent from 2012, reaching a total of 63,652, according to the land department.
A World Economic Forum report finds the gap between incomes is the biggest global risk, followed by extreme weather and unemployment.
SABIC earned 6.16 billion riyals in the quarter, not the 6.58 billion analysts predicted.
TDX is the UK’s largest debt placement services and debt management platform company.
The Israeli delegation will be the first at government level to visit the UAE since the assassination of Mahmoud al-Mabhouh in Dubai.
OPEC sees fast growth in 2014 of 3.5 per cent, up from 2.9 per cent in 2013 as monetary stimulus continues.
Saudi Arabia started opening up its aviation market in 2012 by awarding additional carrier licenses.
Ukraine-UAE inbound market set to double.
With local energy demand surging, green power is rapidly gaining traction.
The academy aims to equip entrepreneurs with practical skills and knowledge they need to become future businesspeople.
Around 49,000 LinkedIn members have moved to the UAE in the last 12 months.
Ahmed al-Qassim was appointed chief executive of Dubai Group last week.
Bombardier has so far seen slow orders for the CSeries after several months of development delays.
The new project, called The Boardwalk, will run across the whole of the existing crescent with a pier at either end.
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The UAE attracted FDIs worth $12 billion in 2013 owing to increased government spending and resurgence in some service sectors.