GCC states should rein in state spending, but in a gradual way to avoid hurting economic growth.
The country’s large fiscal reserves will allow it to keep spending on development projects.
Sheikh Ahmed also said the government would seek to control inflation to keep the emirate competitive in business terms.
Hector Sants will advise the Abu Dhabi Global Market (ADGM) on the creation of its regulatory framework and its strategy.
Emirates set to be first airline to fly the A380 to Perth next summer
The Dubai equities benchmark tumbled 7.7 per cent to 3,068 points, a one-year low.
UAE Oil Minister Suhail Bin al-Mazroui’s came as brent prices neared $60 a barrel.
The Arabic language news channel, based in Bahrain, was initially slated to begin airing in end-2012.
The collision is at least the second such recent incident involving vessels passing through the Suez Canal.
The reduction is down to Aldar using some of the money due from Abu Dhabi’s government to repay debt, its CFO said.
Authorities have not publicly identified the gunman, but a police source named him as Man Haron Monis, an Iranian refugee.
Facilities that have been shut down include a day-care surgery centre, a plastic surgery clinic, an aesthetics clinic and a dermatology clinic.
The majority of CFOs in the UAE reported a rise in optimism despite political turmoil in the region, a new survey says.
The delegation, which includes the secretary general of the BIE, is checking on the progress of Expo 2020 Dubai.
Interpol this month issued a Red Notice alert for Sheikh Youssef al-Qaradawi in connection with several alleged offences including murder, arson, vandalism and theft.
Belgian police cordoned off part of the city after the four men were seen entering the building in the Dampoort district, where they took a hostage.
Dana warned that the Kurdistan’s government could face sanctions if the autonomous region failed to pay the money to its consortium.
As per the deal, a number of Holiday Inn & Suites branded hotels will be developed across the Kingdom over the next five years, IHG said in a statement.
The facility, arranged by Goldman Sachs and Qatar National Bank for B. R. Shetty, will last for 18 months, according to one of the sources.
The mid-morning hostage-taking brought much of Sydney’s CBD to a standstill and saw the local currency fall.
Voice calls accounted for 64 per cent of the operators’ revenues in 2013, data was 18 per cent, text messaging four per cent and subscription payments 14 per cent in Bahrain.
A quarter of organisations in the region have no women leaders in their 100 most senior roles, a survey by Mercer found.
Brent crude climbed above $62 per barrel on Monday, after hitting 5-1/2-year lows of $60.28 earlier.
The 25-year arrangement was awarded by state-owned Manateq.
A gunman holding three labourers hostage shot dead a member of the security forces when police tried to free the captives.
At least one gunman has taken several people hostage at a central Sydney cafe.
Deep price cycles are inherent in capital intensive industries like oil and mining, writes Reuters columnist John Kemp.
New changes would cover market mechanisms and the operations of market makers.
Officials are estimating budget spending at KD19 billion in the fiscal year starting next April.
Dubai’s gauge wiped out this year’s advances as oil prices plummeted to the lowest level since July 2009.