Based on Bahrain Islamic’s total outstanding shares, the value of the deal is about BD34.9 million.
The country ranked 28th overall in the World Economic Forum’s Travel & Tourism Competitiveness Report 2013.
The revised version cuts spending by more than $1 billion from an earlier draft budget.
The Gulf state’s central bank will offer local banks 3 billion riyals worth of bonds and 1 billion riyals worth of Shariah-compliant notes.
The region’s advertising community convened in Lebanon for the Cristals awards festival — a hive of gossip, intrigue, and big advertising ideas.
The economic case for nuclear generation in the Middle East is compelling, writes Reuters’ market analyst John Kemp.
There is no shortage of rich individuals and governments who suddenly feel they need a little extra protection.
The meetings will start in Riyadh before going to Singapore, Hong Kong, the United Arab Emirates, Switzerland and London.
The new facility is expected to open in the third quarter of 2014.
UEFA president Platini has suggested Qatar shares the 2022 World Cup throughout the Middle East and moves it outside of Summer.
The telecoms operator posted a record revenue of $8.97 billion last year, up 2.2 per cent from 2011.
The asset disposals are expected to result in a net gain of $151 million for DP World and help boost its capital levels.
The UAE’s imports from the US equalled around $22.57 billion, up roughly $6.7 billion over 2011.
Saudi Arabia has leased an oil storage unit in Fujairah, allowing traders to quickly respond to demand, particularly in Asia.
The $1 billion project will be located in the heart of Downtown Dubai and is expected to be completed by the end of 2015.
The fund has allocated $45 million for real estate projects and $42 million for tourism and hospitality schemes
The Gulf Business 2013 Salary Survey reveals which jobs in the UAE pay the most.
The survey, conducted by Deloitte, spoke to students and companies in the Middle East, Africa and Asia.
The city of Lyon is in talks with the UAE to boost tourism and green tech trade.
The chain has opened a new venue in Dubai’s Mercato Mall as it attempts to become the region’s largest operator.
The firm may take a small stake in either a bauxite mine or a new or existing refinery, says CEO.
The global language-learning company is to set up shop in Dubai, amid several new school announcements at GESS.
Emirates has hired six banks to arrange a potential dollar-denominated, benchmark sukuk sale.
The gains came as investors poured money into blue-chip stocks on signs of an improving US economy.
New route provides some competition for Emirates and follows recent codeshare agreement with Etihad
Khalid al-Falih said Saudi Arabia had maintained its maximum potential oil production at 12.5 million barrels per day.
Hisham Akbar, who was also Zain’s chief operating officer, quit as of March 3.
Strong growth projections, new models and boutique openings signal a rosy 2013 for luxury watches.
Prince Alwaleed has asked to be removed from the list and Kingdom Holding Company officials will no longer work with Forbes.
The company is currently in talks to export the product to the US, UK, Japan, Brazil and Russia, among other countries.