The move comes after days of stock market falls across the Gulf region in response to slumping oil prices.
The latest addition will see Al Ghurair’s retail presence in the region increase to 90 shops from the 60 it currently operates in the UAE, Kuwait and Qatar.
Hazim Sharif steered clear of specific political references in interviews after his victory, which was broadcast to millions of viewers across the Middle East.
Rising cost of living and inflation are the main factors impacting the ability of UAE residents to save, a new survey says.
UAE minister of energy ruled out a cut in OPEC’s production or an emergency meeting soon to stabilise the falling oil prices.
OPEC Secretary-General said that Gulf countries should continue to invest in oil exploration despite the decline in oil prices.
Despite the oil slump, the country’s wider economy is likely to be shielded by its fiscal strength, officials said.
The special cash dividend follows the successful IPO and listing of the Emaar Malls Group.
The museum, anticipated to be ready by December 2015, will encompass 9,200 square metres of art galleries.
The Abu Dhabi-based airline is expanding its US network as it looks to tap into the growing business and trade links between the US and the UAE.
The Dubai benchmark tumbled 6.1 per cent to 3,374 points, erasing most of its remaining year-to-date gains.
Current CEO of Tasnee, Saleh bin Fahad al-Nazha, resigned for personal reasons, the company said.
PostNet provides courier, printing and copying services, plus stationery and mailboxes, and has 287 stores in South Africa.
The handover of Airbus’ first mainly carbon-composite jet was originally scheduled for December 13.
The low-cost carrier is launching new routes to Zagreb, Sarajevo and Sofia.
ORPIC had said on Dec. 5 that it had put out a fire at one of the naphtha treatment units at the refinery in Muscat.
Under the grant, Jeddah-based IDB will setup treatment centres in Sierra Leone, Guinea and Liberia and Mali.
ahrain became the first Middle East country to host a grand prix in 2004 and Abu Dhabi followed in 2009.
So far, only a 42-page statement on the report has been published by FIFA ethics judge Hans-Joachim Eckert.
Songbird Estates is the owner of London’s Canary Wharf financial district.
It is particularly looking to expand into North Asia and mainland China and also wants to increase its presence in India.
The IEA slashed its outlook for global oil demand growth for 2015 by 230,000 barrels per day to 900,000 bpd.
The Danish man was injured after he was shot in Riyadh last month.
Although opportunities are abound, many entrepreneurs underestimate the challenges of starting up online.
Widely seen as a failed state, Yemen remains one of the gravest threats to stability in the Gulf and beyond.
The five-star hotel is currently owned 50 per cent by Saudi billionaire Prince Alwaleed Bin Talal’s Kingdom Holding.
Remuneration trends in fields such as finance and accounting, financial services, information technology, legal, HR and administration has risen marginally, says new report.
Al Yah Satellite Communications Company (Yahsat) will raise around $500 million through a mixture of debt and equity, a source said.
Wasl Asset Management plans to open four three-star hotels in the emirate next year.
The Dubai index sank 7.4 per cent to 3,595 points and hitting its lowest level since January.