Industry
The economy grew 3.4 per cent in full-year 2012, up from 1.9 per cent in 2011.
Emaar’s chief has located Asia as a possible location for a skyscraper to outreach the expected height of Kingdom Tower.
DHCOG posted a net profit of Dhs1.2 billion ($326.71 million) for 2012, compared with profit of Dhs204 million in 2011.
Kuwaiti media said on Sunday that the three were a Pakistani, a Saudi and a stateless man and they would be hanged.
Egypt’s second biggest airport was closed on Sunday after police officers staged a protest on the runway to demand better pay.
Oman Air said its revenues jumped 21 per cent last year on the back of rising traffic through the country’s main airport.
The order did not state how long telcos would be given to comply with the new regulations.
Qatar will face the emergence of Australia as a new power in global LNG, while the US will also challenge its dominance.
The issue was three and a half times oversubscribed with more than 160 orders received from regional and international investors.
Dubai’s bourse fell 0.9 per cent to a fresh two-month low of 1,829 points.
The logistics group made 9.65 million Kuwaiti dinars net profit compared with 3.46 million dinars a year earlier.
The company also said that it’s on track to complete its sukuk refinancing in the second quarter of the year.
The closure will not affect air traffic as the airport has seen a dramatic reduction in flights, said the civil aviation minister.
Growth for the fourth quarter slowed 0.1 per cent from Q3 but still grew 6.6 per cent on the previous year.
Last year’s winner Monterosso, from the Dubai Godolphin stable, was pulled out of the race earlier in the day.
Access to the networking site may be restricted to people who register their identification documents, say reports.
Until now women’s exercise facilities have had to be licensed by the Health Ministry and designated as “health centres”.
Borletti and RREEF bought Printemps in 2006 from French luxury group PPR for 1.1 billion euros ($1.41 billion).
Big picture trends in commodities demand and political upheaval are transforming the way we live, says Mark McFarland, chief investment strategist, Emirates NBD Private Banking.
Authorities expect a 50 per cent population growth by 2020 but financing issues are likely to moderate the boom.
Egypt’s stalled reforms and violent protests are endangering the country’s economic progress.
Richard Paul, head of residential valuation, Cluttons UAE and Paul Preston, director and head of Middle East, IP Global, lead the debate.
An indigenous Arab style of advertising is taking shape in the region, says JWT’s Keverian.
Hotel group Starwood announces huge renovation plans as well as 10 new hotels to open this year.
Abdulaziz Fakhroo replaces Bassam Hannoun becoming the telco’s third chief executive in less than a year.
International Investment Bank’s chief executive, Aabed Al-Zeera, will join the Leeds City Holdings Limited.
The investment bank plans to launch at least 30 Islamic funds over the next three years
Dubai International Airport is now second only to London Heathrow after passenger traffic rose 13 per cent to 10.6 million in the first two months of 2013.
Phase one of the serviced apartments are all gone with phase two to go on sale in April.
The bank has given initial approval to a proposal by the country’s commercial banks on setting limits for residential mortgage loans.