The Gulf state plans to issue the bond in the second or third week of June, a central bank official said.
UAE telecoms operator Etisalat will reduce international call tariffs from the second half of 2012.
The GCC’s share of global aluminium production could reach ten per cent by 2022, but the sector faces hazards.
Mohammad Kamran will head up two of Emirates NBD’s subsidiaries including Capital Limited.
As Cityscape Qatar begins, experts say that despite oversupply in the market, demand is catching up.
The social network eyes regional advertisers as a new source of investment following the firm’s IPO last week.
Gulf Business takes a look at several Arab-funded football clubs and picks a fantasy team purely of Arabian funding.
The Abu Dhabi National Energy Company (TAQA) is studying energy investments in Turkey.
Journalists in the Kingdom have to be accredited by the Saudi Journalists Association, the Cabinet has said.
Tumbling shares wipe billions off Facebook price two days after IPO amid accusations of a poorly constructed listing.
Digital Domain Media Group is opening up an animation and visual effects studio in Abu Dhabi’s twofour54.
The airport retailer has increased the size of its loan facility because of high demand, an official has said.
DIFC Investments close in on a $1 billion dollar loan to refinance an upcoming sukuk maturing in June.
Four banks have been chosen as advisors for the proposed merger been Aldar and Sorouh, according to sources.
Boosted by the GCC’s rapid industrialisation, courier firms are posting robust growth in the region.
Exclusive: Regional firms must work out exactly what they are before hitting the global stage, says Booz & Co global boss.
A deal for a new Islamic bond from DIB is being arranged by a host of local and global banks.
Exclusive: Al Ghurair says UAE will not see pre-2008 profits for the foreseeable future.
Gulf sovereign wealth funds are reducing international investment and focussing on the region, says a new study.
The contract will be an oil and gas project to build a pipeline in Basra, said the company’s CEO.
The fund, launched by NBAD and Khalifa Fund for Enterprise Development, targets Emirati entrepreneurs.
ADNOC’s highest ever offers for naptha contracts are likely to influence Saudi Aramco talks
Financing has been secured for the new project on Dubai’s Palm Jumeirah, said Nakheel’s chairman.
The UAE government will settle the personal loans of citizens whose debts are less than Dhs5 million.
The Gulf State plans to increase crude production by 30,000 barrels per day this year.
The social networking site’s IPO fizzled out on day one, dampening high expectations and expert predictions.
The contracts are part of Dubai’s Dhs1 billion five-year plan to improve internal roads in the city.
UAE, Bahrain and Qatar have urged their citizens not to travel to Lebanon as Syria unrest spreads.
According to the IMF, UAE’s state-related entities have a “significant” amount of debt maturing in the next few years.
Saudi Aramco’s new refinery in Jizan will have a capacity of 400,000 barrels per day when ready.
© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.