The East Siberia-Pacific Ocean (ESPO) pipeline aims to expand sales to the US and cement Russia’s place as a dominant force on international crude markets.
Provisions set aside for specific NPLs fell slightly to Dhs65.3 billion at the end of October from Dhs65.4 billion in September.
The Indian carrier recently launched the Boeing 787 Dreamliner aircraft between Dubai and New Delhi.
The loan amount will be used for general corporate purposes.
Investors are hoping for a last minute deal in the US to avert the so-called fiscal cliff.
The precious metal is still on track for a 12th straight year of gains.
Travellers going to and from the country can now carry only up to $10,000 in cash.
Asiacell will sell 67.503 billion shares at a price of at least 22 Iraqi dinars per share.
The fall in the index was led by Kuwaiti investors selling out profitable positions ahead of holidays.
Former owner Cunard dismisses reports that the Queen Elizabeth II liner will be scrapped.
If unresolved, the US “fiscal cliff” budget crisis could erode oil demand in the world’s top consumer.
Over 13.4 million passengers passed through the capital’s airport in the first 11 months of this year.
Abu Dhabi Islamic Bank is the UAE’s first lender to receive a banking license in the African nation.
Survey shows ‘significant increase’ in investment from Europe.
The plant, located in Jubail, is expected to start production in the second half of 2014.
Dubai International Airport is set to surpass its projected passenger traffic target of 56.5 million in 2012.
The 632-room resort Rixos Bab Al Bahr will be joined by the 349-room Waldorf Astoria Ras Al Khaimah.
The forecast deficit is 21 per cent higher than the deficit originally projected by the government for 2012.
Capital markets in the MENA region raised $2 billion in 2012, up around 134 per cent from 2011, says Ernst & Young.
The Majid Al Futtaim group is reportedly in talks to buy the supermarket business of Mansour Group.
The Gulf state had predicted a GDP growth rate of 4.5 per cent for 2013 in June.
Almost half of the region’s employees are planning to request a higher salary for 2013, finds new survey.
Airline partnerships and new hotel launches marked a busy year for the region’s travel industry.
The telecoms operator signed a $100 million three-year loan facility with Singapore’s DBS Bank last week.
The warning has been issued because of the “difficult and sensitive political circumstances in Lebanon,” says ministry.
Midyan, developed by Saudi Aramco, is expected to start production in 2013.
Inter-GCC real estate ownerships rose 20.5 per cent last year, according to official statistics.
Qatari fund QSI bought French club Paris Saint-Germain in June 2011.
Under the deal, BAE will deliver 12 Typhoon and eight Hawk aircraft to Oman’s armed forces starting in 2017.
The Muslim Brotherhood said 64 per cent of voters backed the charter after two rounds of voting.