Industry
The move will increase the dominance of local banks over foreign banks in the panel that determines Eibor.
One of the projects, a residential development in Business Bay, will be worth about Dhs500 million.
Sharjah low-cost carrier to take on flydubai as it seeks to capitalise on Armenia’s growing popularity.
Dubai Summer Surprises offers an opportunity to woo new customers, writes James Tracy-Inglis, managing director at Saatchi and Saatchi X
Two refiners in India have asked for additional cargoes to make up for a loss of supplies from Iran, say sources.
About 69 per cent of Middle Eastern institutional investors polled by Natixis expected to increase allocations to alternatives.
The reform allows a shareholder who does not want to or cannot subscribe to a share issue to sell the rights.
Both Washington and Amman said on Sunday the Eager Lion exercises were not related to the war in Syria.
Workers have queued outside government offices and some consulates for days on end over recent weeks in daytime temperatures topping 40 degrees centigrade.
Islamic banks Al Khair and Khaleeji have set up a committee to study the feasibility of a merger.
The British Council has released a new English language assessment tool called Aptis to assist multinational firms in the UAE.
Airbus’ new A350 plane was unveiled to the world’s media in Toulouse, France, after months of secrecy.
The contract to build Saraya Aqaba was awarded to a consortium of Arabtec, Drake and Scull and Consolidated Contractors Co.
The contracts signed are five-year extensions to existing service contracts.
The new project, named Dubai Creek Harbor, will include a business district, shopping, sporting and entertainment facilities.
The ‘Dubai Design District’, located adjacent to the Business Bay area, will aim to become a full service commercial hub for the industry.
Prince Alwaleed has attacked the U.S. magazine’s ranking of world billionaires as flawed and biased against Middle Eastern businesses.
Mondelez International’s president for EEMEA said the maker of Oreo cookies has spent at least ten years on research.
Emaar Properties and Meraas Holding plan construction of an 11 million square metres project.
Qatar Diar, the real estate arm of the Gulf state’s sovereign wealth fund, owns 45 per cent of Barwa.
A Jubail plant would have processing capacity of 1.5 million tonnes a year and the other, in Rabigh, one million tonnes a year.
Is continuing instability and stalled LNG production in the Middle East causing the region to lose its competitive advantage?
Countries that produce heavier higher-sulphur crudes like Saudi Arabia are the main winners, says Reuters market analyst John Kemp.
Spot gold fell 0.3 per cent to $1,399.16, as a gold import duty hike in India raised worries about future demand.
Prices are being supported by worries that the political situation will worsen in the Middle East.
The bank had said in March it would issue local debt as part of an adjustment of monetary policy.
The project will include four rail lines and will link stadiums for the 2022 World Cup tournament.
Sectarian violence fuelled by Syria’s civil war has broken out in the northern Lebanese city of Tripoli.
Increasing pressures on the global energy system have led to heightened fragility and uncertainty.