People in the UAE recount their first reactions to the earthquake that hit Iran on Tuesday and sent shock tremors across the GCC.
The new company will focus on large energy and power-related projects in the region.
Revenue for the first quarter was Dhs2.2 billion, up 62 per cent from a year earlier.
The 7.8 magnitude earthquake that hit Iran on Tuesday sent strong tremors across the GCC.
Dubai office workers spilled out into the streets as tall buildings were evacuated immediately after the tremor.
The lender made a OMR15 million one-off provision after some of its prepaid travel cards were hit by fraud.
Kyle Whitehill will replace outgoing chief executive Richard Daly from June.
King Abdullah announced the SAR250 billion scheme in 2011 to build 500,000 housing units over several years
In regulated markets the division will team up with partners that have licensing expertise and knowledge, while in the unregulated markets it will seek exclusive GSA partners
Earthquake measuring 7.8 magnitude rocked the Middle East on Tuesday, a week after previous earthquake.
Drake and Scull has seen its shares jump 17 per cent year-to-date on growing speculation that it was a takeover target.
Prime Minister Sheikh Hamad bin Jassim al-Thani was speaking during a conference in Berlin.
Social media users across the GCC reported their ‘experiences’ of a second earthquake in eight days.
A major 7.8 magnitude earthquake rocked Iran on Tuesday.
Abu Dhabi Housing Authority has awarded Aldar the contract to build the villas in the emirate’s Al Falah area.
After unveiling a Lamborghini Aventador patrol car last week, Dubai Police now plan to launch a Ferrari.
Prices of the precious metal have witnessed a decline of more than 20 per cent so far this year.
The lender will raise the amount through two share sales including an IPO on the Doha bourse, its CEO said.
Recent weak data from China and the United States has caused concern about oil demand.
The 82-year-old British billionaire has said repeatedly that he has no cause for concern ahead of the Bahrain GP.
Real estate is currently the preferred asset class for investors in the UAE, finds new survey.
Alizz Islamic Bank is the second full-fledged Islamic bank in the sultanate.
The affiliate of Kuwait’s Zain, made a net loss of 398 million riyals ($106.13 million) in the three months to March 31.
Business class passengers can sink into flatbed seats and enjoy touchscreen monitors
Infrastructure spending in Qatar will average over 10 per cent of gross domestic product ahead of the World Cup.
ENBD presently generates around 95 per cent of its revenue from its home market, although it is hoping to increase its international business to 15-20 per cent in five years.
Head of consumer and elite banking at NBAD and the head of retail banking at Emirates NBD believe the June start date will be missed.
Both companies are involved in LNG projects in Qatar and have shared interests in LNG terminals in the UK, Italy and the US.
Aramco said Manifa’s output will reach 500,000 bpd by July and 900,000 bpd by the end of 2014.
The facility, located in Duqm, will be able to store up to 200 million barrels of crude oil.