Fahd bin Ibrahim al-Dughaither has been named the new head of the struggling telecoms operator.
Douglas was formerly CEO of Abu Dhabi Ports Company (ADPC) and replaces James Bennet.
Apart from Facebook, how many other tech IPOs in 2012 can you remember?
Lebanon wants to become a digital hub for the Middle East, selling excess bandwidth to other countries.
Recent bond issues have seen heavy bids but perform poorly in the secondary market.
The luxury villas will be targeted at wealthy Gulf buyers looking for an escape from the summer heat.
Growth in 2012 was up on 2011, far outperforming conventional banking assets’ growth of 8.1 per cent.
Property rates in prime locations have increased substantially in the last six months, says new report.
The Dubai-based contractor said that the fundraising was part of a five-year expansion plan.
Shipments to the US from OPEC’s top producer had dipped earlier in the year.
ADNOC has recommended that Shell win the multi-billion dollar project, sources have said.
The statement conflicts with comments made by its Bahrain-based parent Gulf Finance House.
The country could get a one-notch upgrade if it makes more progress tackling unemployment and diversifying the economy.
The long-running Middle East peace process took a back seat at the start of Obama’s four-day tour.
As part of the deal, the airline will have promotional rights to branding and digital elements of the tennis tournament.
The video-sharing website has started its partner programme in Saudi Arabia, UAE and Egypt.
The International Air Transport Association expects the industry to make a net profit of $10.6 billion this year.
DEWA’s $1 billion Islamic bond issued in February drew very strong demand.
The new capacity raises its Iraq network to five destinations and frequencies to 20 weekly services
The platform allows trading of warehouse receipts, which represent ownership of commodities stored at warehouses.
The UK’s Financial Services Authority said Lamprell failed to inform the market of its deteriorating financial position on time.
The company’s profit was boosted by a $249 million gain from sale of non-core assets.
Unemployment among men last year dropped to 6.1 per cent, the lowest figure since 2000.
GFH Capital purchased the club from majority shareholder Ken Bates at the end of last year.
US-based Mosaic Co plans to invest up to $1 billion in a joint venture with Saudi firms Ma’aden and SABIC.
A country’s global aviation reach is at the top of its bragging rights, with these airports seeing more passengers than any others.
Khalifa Industrial Zone Abu Dhabi has signed deals with 50 local and international companies, says CEO.
New airport aims to boost business development along eastern and southern coasts and take pressure off Colombo
Despite attracting more than $2.5 billion of demand so far the size of the bond will not be increased.
The lender expects to obtain a credit rating in the coming two or three months.