The construction firm plans legal action against the Saudi unit of Britain’s Petrofac, Saudi Binladin Group and SK Engineering and Construction.
The dairy and food producer made a net profit of SAR369 million in the fourth quarter of 2012.
The 55-level development includes 280 residences and is part of the Dubai Mall expansion project.
More than 40 per cent of flydubai’s new routes last year concentrated on CIS and Central and Eastern Europe destinations.
The petrochemicals producer said it enjoyed stronger sales and higher prices in the fourth quarter of 2012.
The siege at the gas plant in the Sahara desert began on early Wednesday.
Nokia’s new offering lives up to its hype, writes Aarti Nagraj.
Toshiba’s MEA managing director, Yasuyoshi Matsunaga, talks about powering the world’s fastest elevator and Middle East expansion.
According to a Deloitte report on e-commerce in Turkey, 17 merger and acquisition deals were closed last year.
The Dubai-based cruise liner will be renovated into a 500-room luxury hotel.
Etisalat has submitted interest in buying the 53 per cent stake in Morocco’s Maroc Telecom, valued at around $5.8 billion.
But Airbus had a stronger year in the competitive single-aisle arena as it received 455 deliveries, while Boeing recorded 415 for its next-generation B737s
Gulf Business spotted a number of innovative cars and motorcycles at this year’s World Future Energy Summit in Abu Dhabi.
The Gulf state posted a GDP growth of 4.2 per cent in 2011.
A 26 per cent rise in customers helps the operator trim its losses.
As countries around the world ground their 787s on battery fears, analysts say the new aircraft is only facing teething problems.
VIDEO: Golf Digest Middle East editor Robbie Greenfield reflects on a mouth-watering contest between Tiger Woods and Rory McIlroy.
The bank’s net profit fell to 869 million riyals compared to forecasts of 1.1 billion.
The Gulf bank is buying a 77 per cent stake in National Societe Generale Bank.
Qatar Airways CEO says it will only resume 787 operations “when we are clear that the aircraft meets the full requirements of the Airworthiness Directive”.
MENA region to be core focus of new strategy and the aim is for Bahraini businesses to forge closer links with regional markets.
Sales forecast at Dhs 6.6 billion for 2013, says executive vice chairman Colm McLoughlin.
The central bank is believed to be cooperating with the EBA on the plan.
The national side has terminated the Dutchman’s contract after a disappointing Gulf Cup of Nations.
Tony Douglas, CEO of Abu Dhabi Ports Company, reports on delivering phase one of the capital’s most ambitious project to date.
The UAE produced around 2.60 million bpd of crude in December and November last year.
Regional airports were warned today to remain vigilant from ever-present security threats.
The UAE and Saudi Arabia will find it very challenging to reach their renewable energy targets if they don’t phase out fossil fuel subsidies, warns senior IEA official.
The mortgage lender is in talks with a creditor committee and Dubai’s largest banks.
The Dubai developer has denied reports it is planning to list its malls business.