The Sharjah-based natural gas producer failed to repay its creditors on the maturity of its $920 million Islamic bond last month.
The 15-year Sukuk is National Bank of Abu Dhabi’s third issuance in the South East Asian currency.
A conference on banning nuclear weapons in the Middle East was to take place in December, but has now been delayed.
The deal grants the Dubai-based airline a five-year extension to its shirt partnership with the football club.
The mall will be part of a new retail and tourism complex that also includes a park bigger than London’s Hyde park.
New phone may have 5in 1080p screen,13MP camera and an eight-core processor.
Women have less access to the traditional networking spots, such as the Majlis and the golf club.
The Gulf state needs thousands of experienced industry professionals to bolster its finance practice.
A new breed of mannequin uses facial recognition software to gather customer data while you shop.
A mix of social media apps, info services and games feature on the list.
The Dubai-based firm has become 100 per cent shareholders of the English football club.
Production in the new field is expected to begin in the first half of 2014.
Arabtec will buy 149.6 million shares in Depa, valued roughly at $65.8 million.
The lender is not interested in overseas expansion unlike its rival Kuwait Finance House.
A short-lived recovery marked 2012 as Europe’s debt woes weighed heavily on global markets. Amid the continuing uncertainity, GCC stocks faced a mixed outlook.
The deal provides for the storage of six million oil barrels for the Korean strategic stockpile program.
With $4.4 billion needed to meet its first obligation, there are worries as to where the money will come from.
The local banking sector has ample liquidity and lenders are ready to grow, says Abdul Aziz Al Ghurair.
An employee said the attack was carried out by a mob chanting slogans against the Qatari-owned station.
Few banks will continue to have a global footprint in the future, says Anshu Jain, co-chairman of Deutsche Bank.
Dubai Marina and The Springs come second and third in propertyfinder poll.
Abu Dhabi’s Constantin Salameh chosen for top corporate post.
Lender’s Anshu Jain tells business leaders in Dubai chances of Greece leaving have lessened.
The telecom firm has formed a new alliance with the Californian company to bring faster internet speeds to the Gulf.
Sheikh Mohammed bin Rashid al-Maktoum reduces the number of board members from six to five.
Antonis Samaras will meet with the Gulf state’s emir and prime minister to discuss investing in Greece.
The plane manufacturer expects to increase revenue from defence sales in the region to $4 billion.
Most residents fail to account for accumulated value of possessions over time, and cost of replacing clothing.
Vehicle sales in the UAE and wider region are reaching 2008’s record levels due to jobs, positive sentiment and a rising population.