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.
Land Rover sales in the region were up 49 per cent on the previous year while Jaguar saw a rise of 30 per cent.
Syrian National Coalition is expected to decide this week whether to take part in the Geneva-2 conference in Switzerland.
IBB was majority-owned by another Qatari lender, Qatar International Islamic Bank.
Aziz Aluthman Fakhroo, a Qatari national and a director at the fund’s mergers and acquisitions team, left late last year.
The airport’s passenger terminal will be opened with a larger-than-planned capacity of 30 million.
Middle East energy use will grow by 77 per cent by 2035, double the increase in production.
Reconciliation talks were suspended last week in a setback for efforts to stabilise the country.
An Abu Dhabi company plans to bring the region’s first ever salmon farm to the capital.
IPOs in the MENA region recorded a 133 per cent increase in terms of volume and 114 per cent increase in terms of value compared to Q4 2012.
Etisalat Nigeria could raise $400 million by selling its transmitter towers.
The phone, priced at Dhs1999, will be available in the country by the end of February.
Experts say that subsidies should be gradually removed to avoid sudden short-term economic shocks.
Mohammed Ali was handed a three-year jail term and ordered to pay fines worth 600,000 rials
Samba attributed the profit rise to an increase in operating income.
The company said more income from data and business clients were the reason for the quarterly and annual profit increases.
Its Q7 model was its best-selling vehicle with a year-on-year rise of 36.8 per cent.
An international donor conference in Kuwait is intended to help the UN reach a $6.5 billion aid target.
Japan Airlines was forced to ground one of its 787 aircraft after detecting smoke outside the plane.
Job openings in the banking, financial services and insurance industry grew 42 per cent year-on-year in December, recording the highest growth among industries in 2013.
Results were boosted by the $38.8 million payout from insurers after the bank was the victim of a major cyber fraud case.
GFH bought Leeds United in December 2012 through its Dubai-based subsidiary, GFH Capital.
The capital of the UAE has designated areas for property investment by foreigners.
Sharia-compliant lenders are growing but non-core assets will become less visible.
Prices start at Dhs10 million and the plots can be used for residential, hotel or commercial development.
Sheikh Mohammed launched the UAE National Agenda for the next seven years on Tuesday.
The bank reported a net profit of 2.4 billion riyals ($659 million) for the final three months of 2013.
Saudi Aramco is set to ship the first cargo of diesel to the Mediterranean for January 23 loading.