The firm’s shares have not traded since last December when it accumulated huge losses.
Gasoil contracts secured at a high premium for Q1 next year. Price is labelled ‘crazy’ by traders.
The building’s owner issues statement of support for residents as blame circulates around building’s materials.
The plant in Ras Al Khaimah will produce one million tonnes of diammonium phosphate fertiliser a year when complete.
Not surprisingly, Dubai Mall, which welcomed 54 million visitors last year, makes it to the list.
The last 12 months saw robust regional spending, consistently high oil prices and the continuation of Obama’s presidency.
The Dubai-based property developer made Dhs567 million from the sale of condominiums in the third quarter.
The famous Spanish club will have Qatar’s flagship airline on its shirt, replacing the Qatar Foundation.
Bally opens new store in Dubai; third in the last one year.
The contracting firm was hit by higher costs and dropping contract revenue.
Lender in new investigation into improper payments to win a banking licence in the Kingdom.
The prize for increasing your building’s efficiency could be vast, say energy-saving experts.
The country’s growing population and rising middle class is fueling residential and commercial construction, says Frost and Sullivan.
Gulf Business speaks to Alejandro Agag, CEO of Fomula E Holdings.
The new noise-cancelling wireless option from Parrot has great ergonomics.
Big Oilfield service companies are rapidly gaining importance over major oil giants.
Al Madina Real Estate says it will issue a five year $130 million Islamic bond in Q1 next year.
The global online payment provider currently has one million customers in the MENA region.
The lender did not provide any reason for his resignation.
HSBC Middle East is taking over Lloyds’ retail, commercial and corporate banking business in the UAE.
Ex-PM of Australia pans Europe and says regional unemployment levels are ‘shocking’.
Kuwaiti logistics firm sees its net profit reach $34.54 million for the quarter even as it faces charges of fraud.
Abu Dhabi National Energy Company blames loss on construction costs and lower gas prices.
Private sector companies will have to pay $640 a year for each excess foreigner they employ.
The Omani telecoms operator reported a net profit of $2.6 million in the third quarter of the years.
Gulf Business asked Sophia Serin, Senior Editor at Emirates Woman Group, to round up the region’s most popular fashion brands.
High crude oil prices helped to boost revenue in the country, according to official data.
The UAE’s second largest lender secures loan, up from original $800 million after demand from banks.
A UK judge orders the Californian giant to cover its rivals costs after it fails to obey court order.
The Middle East’s first Dreamliner aircraft arrives in Doha.