Egypt’s biggest investment bank, EFG Hermes and Qatar’s QInvest had reached an agreement in May 2012.
The German lender is laying off several senior staff in Dubai, according to sources.
The Dubai-based developer has announced the launch of The Address The BLVD, its first luxury hotel since the property crash.
UBS’s annual cost of living study ranked the city 22nd globally.
The loan facility will be used to fund the Abu Dhabi-based bank’s growth and expansion.
Debt-ridden Dubai Group is reportedly in talks to sell its 45 per cent stake in a joint venture firm with cement maker Lafarge.
The three banks failed to reach a restructuring deal with Dubai Group, the investment vehicle of Dubai Holding.
Britain’s BAE Systems and Airbus-owner EADS are in advanced merger talks to create a European powerhouse in aerospace, defence and security.
UAE telecommunications operator Etisalat sold 775 millions of its shares in Axiata.
Apple’s latest product will be on US shelves from September 21st, and should be available in the UAE just after that.
Following the Fukushima disaster last year, how can the country learn from those mistakes and ensure it gets its $20 billion project right?
The anticipation is over as the latest iPhone is revealed as taller, thinner, lighter and 4G enabled.
Retailers warn UAE customers to wait and buy Apple’s new iPhone from official outlets as grey market prices are higher.
The Dhs1.5 billion Princess Tower is 98 per cent sold, says developer Tameer.
The world’ worst kept secret is soon to be unveiled in San Francisco as Apple loyalists await the unveiling of its latest product.
The Dubai-based investment company blamed a lack of liquidity in the market for postponing its IPO and preventing Dubai’s full recovery.
The deals, in the oil and power sectors, will increase the bank’s market share in corporate financing.
The Fed is expected to launch another round of quantitative easing during a two-day meet starting today.
The lender opens Beijing office to tap rising financial ties between the UAE and China.
One of the world’s largest commodity traders has turned to Gulf-based banks to widen its lending pool.
Majid Al Futtaim-owened malls have seen a 15 per cent rise in footfall for the first half of the year.
As remittances grows, Gulf Business investigates whether huge currency volatilities present a challenge or an opportunity for investors.
The winner of ‘The Entrepreneur’ show will receive a Dhs1million cash reward.
The green energy firm is proactively seeking partnerships in the Kingdom, according to its chief executive.
Qatar’s sovereign wealth fund has built up a stake of more than 12 per cent in mining company Xstrata.
Dubai-based Emirates is the only Middle Eastern airline to make the list of the world’s biggest global carriers by capacity.
Trade ties between the countries have risen over 395 per cent from 2002 to reach $15.6 billion last year.
Qatar Telecom has already received approval to buy the remaining 47.5 per cent stake in Wataniya for $2.2 billion.
Saudi Ground Services has hired the bank to advise as it plans to list 30 per cent of its shares.
Brent crude oil prices have largely traded in a range of $112-117 a barrel since mid August.