This is the Dubai-based developer’s fifth property project launch so far this year.
Etihad aims to tap into growing UAE trade flows and connect Serbian diaspora in Australia and US.
The stake will be split between domestic, qualified and foreign institutional and individual investors.
The deal is the first joint investment by Qatar Petroleum International and Britain’s biggest energy supplier.
The move will “save more than 500,000 jobs”, says the Kingdom Holding chairman.
The refinery will begin operations by the end of 2015 and will produce one million tonnes of sugar per year.
Developers are reviving building plans after nearly three years of inactivity, encouraged by a gradual recovery in real estate.
The bank made Dhs301.7 million ($82.2 million) in the three months to March 31.
Driven by the GCC’s young population and high-income levels, the region’s food industry is witnessing heavy investment and rapid expansion.
National Commercial Bank’s net profit was boosted by higher special commission and fee income.
A 6.3-magnitude earthquake struck close to Iran’s only nuclear power station last week, causing fears of a radiation leak.
Residential rents have shot up in areas such as Burj Downtown, Dubai Marina and Palm Jumeirah, says report.
Relocation provides 18-brand alliance with tax benefits and signals city’s growing commercial allure
The kingdom’s fifth-largest bank by market cap said it made $182.4 million in the three months ending March 31.
Zain Bahrain has been instructed to sell 15 per cent of its shares in the IPO and list on Bahrain’s bourse.
The race on April 21 will again draw attention to the human rights situation in the Gulf island kingdom.
The Dubai-based property developer’s loan has been extended until August 20, 2017.
The two new plants will together add 1,500MW of power to the sultanate’s current existing capacity of 4,500MW.
The Gulf airline has an order for up to 60 Boeing 787s, 30 firm orders plus an option to buy 30 more.
Arabtec replaced its chief executive last month in a management shake-up led by Aabar, its largest shareholder.
The Kingdom has awarded up to 400,000 tonnes of cracked fuel oil to SITME.
The Gulf Arab state has been hit by unrest since pro-democracy protests broke out in early 2011.
South American nation Venezuela tops the list, followed closely by Saudi Arabia.
Energy consumption in the Middle East has outpaced gross domestic product growth, according to the World Energy Council.
Telecomes operators are surging ahead with plans to build greater data storage and boost internet speed in the GCC.
City of Chicago Mayor Rahm Emanuel said the service will generate more than $200 million in economic benefits annually
New exhibition in Dubai to feature luxury London properties that are not yet marketed even in the UK.
The fund made a profit of Dhs455 million in 2012, compared with a loss of Dhs3.2 billion in 2011.
The $500,000 vehicle will ‘help to facilitate policing on highways’ as it’s capable of a top speed of 350 km/h.
Emirates targets growing bilateral trade links and outbound Swedish leisure traffic