The lender’s fourth quarter profit rose on higher operating income and a drop in expenses.
The golfing star has split from previous sponsor Jumeirah and joins Tiger Woods.
The President of the United States met with Prince Mohammed bin Nayef to discuss security issues.
Prince Saud bin Nayef is the new governor of Eastern Province, taking over from Prince Mohamad bin Fahad bin Abdulaziz.
The Saudi lender reported a rise of 4.1% in net with full year growth of 10.1 per cent.
The investment bank expects activity to pick up in the MENA region in 2013.
Four European routes now feature the aircraft, which remains the subject of an FAA review
The International Renewable Energy Agency (IRENA) now has 160 participating countries.
Sales in the Middle East were up 26 per cent as Saudi and Abu Dhabi performed strongly, says global CEO.
The Qatari bank will hold a local rights issue as it plans to match the capital levels of its peers.
The bank plans to slash 1,600 jobs globally to reduce costs.
Once the refurbishment of Terminal 1 is complete next year, it will be linked via a new elevated train system to Concourse D, which is currently under construction.
The UAE central bank reportedly plans to issue broad regulations for the housing mortgage industry this year.
Operator maintains that while occupancies in Bahrain have reduced year on year, business opportunities remain.
The Abu Dhabi Executive Council has announced a Dhs330 billion financial injection to fund various projects and initiatives in the emirate.
The Saudi operator accounted for 41 per cent of Saudi telecom revenue in the first nine months of 2012.
Total revenue for April-November was 21.6 billion dinars while spending reached a mere 6.9 billion dinars.
As the UAE’s railways network becomes a multi-billion dollar industry, the players and stakes involved are reaching a new high.
The new regulations are expected to include the mortgage caps introduced by the central bank late last year.
Qatar National Bank, the Gulf state’s biggest lender, made a record net profit of QAR8.3 billion last year.
V. Shankar, CEO of Standard Chartered EMEA, says much will still depend on Europe.
Kuwait’s Future Generations Fund is a nest egg for when the economy suffers shocks.
Qatar Airways bought the 35 per cent stake last year and sold it back for the original price of $117.5 million.
The Abu Dhabi National Energy Company has acquired an interest in Himachal Sorang Power Limited for an undisclosed sum.
A total of 32,865 people arrived in Kenya from the UAE in the first ten months of 2012.
The company made a profit of SAR185 million on the sale of the land located near Riyadh.
Luxury two-floor facility targets government ministers, VIPs and celebrities.
The Dubai bourse was the GCC’s best performing stock market.
Boeing said Federal Aviation Administration will find no significant issues with Dreamliner safety.
The French President will meet Sheikh Khalifa bin Zayed al-Nahayan to help Total win a $10 billion deal.