Britain’s Sunday Times has printed what it says are leaked documents showing bribes were paid to secure the event for Qatar, which Qatar denies.
The world’s tallest commercial tower, the ‘Burj 2020’ will form the centerpiece of the development.
The proposed Saudi fund would start with capital of 30 per cent of budget surpluses accumulated over past years, it was reported.
The development of oil output along with a stable level of oil prices contributed to the UAE’s economic growth in 2013.
Prices for the units at NAIA hotel, located on Damac’s 1.3km AKOYA Drive shopping strip, start at Dhs680,000.
The regulator had halted the trading of STC shares after the company failed to give sufficient details on a network sharing deal.
The Kingdom’s Shoura Council is examining a proposal that suggests raising the minimum age of drivers to 20.
Both firms agree the merger is still in the interest of shareholders but said it couldn’t be achieved under the current regulatory regime.
Monitoring development in the UAE real estate markets and the banks’exposure to it remains a core financial stability priority, the bank said.
The new rules on capital will include requirements for enhanced capital, the application of a new leverage ratio and a shift in definition of capital.
The UAE pledged last October to build a total of 25 wheat silos with a storage capacity of 1.5 million tonnes to help prevent the loss of billions of dollars worth of wheat per year.
Alitalia’s board on Friday “expressed appreciation” for Etihad’s proposals, which government sources say include plans to make the Italian carrier profitable by 2017.
A six-strong team from the WHO and the Global Outbreak Alert and Response Network were invited by the UAE to investigate MERS after an upsurge in cases there in April.
The start of building had been delayed after the government intervened to consider how the project would affect views of the Houses of Parliament and Big Ben.
The tax will apply for three years, Egyptian state media reported.
The state WAM news agency said President Sheikh Khalifa bin Zayed al-Nahyan had issued the federal law, which was published in the official gazette.
The offering will support the bank’s capital base in accordance with Basel III requirements, assist its future growth and diversify funding sources, a statement said.
Senior representatives of over 200 airlines attended the IATA meeting in Doha, making Qatar the first Gulf country to host the summit.
A large part of the investment to increase output will need to come from the Middle East as a rise in non-OPEC production such as U.S. shale oil starts to lose steam in the mid-2020s.
The beach resort will include a 295-room low-rise hotel, spa and 11 villas.
The first phase of the project will include putting in place mobile payments and a money transfer platform for smartphones.
A deal from the emirate isn’t expected until at least the third quarter of this year.
Twitter’s renewed interest in music-streaming companies comes after Apple Inc acquired Beats for $3 billion.
EFG Hermes is one of the biggest investment banks in the Middle East.
The amount will be used to help repay loans and fund expansion.
An official said that the bond issue would mainly be aimed at Gulf Arab investors.
The firm will provide the world’s highest double decker elevators, which will travel at a speed of over 10 metres per second.
The Capital Market Authority (CMA) has suspended trading in Atheeb shares until the company provides more details.
The restaurant, located in San Francisco, is the first of 160 outlets planned across North America.
The so-called Indefeasible Rights of Use (IRU) agreement gives Atheeb access to 30,000 STC data connections for 15 years.