Nakheel made a Dhs2.02 billion ($550 million) profit last year, on revenue up 91 per cent to 7.8 billion.
Bassel Gamal will be responsible for “all the companies and institutions affiliated to QIB inside Qatar and abroad.”
Speaking at the World Economic Forum, Badr al-Saad fears the decline of the yen.
As demand for liquefied natural gas rapidly rises across the world, supply is starting to dwindle, say experts.
The region isn’t short of stunning poolsides but which ones drench the competition? Dominic Ellis rounds up some of the Gulf’s top watering holes.
PwC survey reveals that only 36% of CEOs worldwide are ‘very confident’ of their company’s growth prospects in the next 12 months.
The average spot gold price is expected to stand at $1,775 an ounce in 2013, 6.4 per cent higher than last year’s average, says Reuters survey.
Parliament first backed privatising loss-making Kuwait Airways Corp (KAC) in 2008.
Most car brands posted a double-digit sales growth in the region.
Luxury brands at SIHH are realigning their positions in the Middle East.
The two-tranche bond includes a $500 million 30-year conventional bond and a $750 million 10-year Islamic bond.
The refinery, which produces 270,000 barrels per day, will be closed for maintenance from April to May.
The much-awaited new smartphone line-up from RIM will be launched in Dubai and five other cities on January 30.
The Bahraini investment firm has acquired a stake in US-based FishNet Security for an undisclosed sum.
The Kingdom has budgeted expenditure of SAR820 billion for 2013, 19 per cent higher than the amount budgeted for 2012.
Initially 12 airlines will fly to the new airport and Qatar Airways will move its entire operations in the second half of the year.
An unnamed source at SIHH confirms Hamilton will no longer endorse TAG Heuer.
The trip follows the withdrawal of Qatar last week from a multi-billion euro tender to develop Athens’ old airport.
The operator’s profit was hit by domestic competition and one-off charges from a cost-cutting programme.
The sector is receiving interest from investors because of double-digit growth.
The emirate issued a $750 million 10-year sukuk, as well as a $500 million 30-year conventional bond.
Around 14,000 people are now employed in the Dubai International Financial Centre.
Meanwhile Roger Dubuis sources inspiration from the legend of King Arthur.
Investment firm Amwal AlKhaleej says it has exited its investment in Saudi’s Al Rowad Education Group for a “very high return.”
Qtel plans to use the amount to fund general business operations, sources said.
The company, which is expanding rapidly, aims bid for Egypt supermarket chain Metro in the first quarter of 2013.
The firm is currently in the process of a complete takeover by Dubai Islamic Bank.
Th central bank says it will consult commercial banks in the UAE before issuing a new ruling on lending.
The Abu Dhabi- based real estate developers are merging to form a new entity with Dhs47 billion in assets.
German luxury car maker hopes to sell 20,000 vehicles per year by 2020.