The stake in Romatem is PineBridge’s second investment in Turkey and its third deal in the Middle East.
TAQA’s chief executive told media that the firm’s capex will be “a little less than in 2013”.
TAQA said that the impairment did not affect the company’s ability to continue operations or service its debt.
Dubai’s medical tourism strategy will be carried out in phases with the first stage lasting till 2016 and the second till 2020.
Some gold investors have turned bearish after comments last week from U.S. Federal Reserve chief that suggested interest rates could rise sooner than many had expected.
The new law contains articles seeking to make limited liability and joint stock companies simpler to manage and more attractive to investors.
The company recently launched an Arabic football app and the Yahoo Fantasy Premier League in Arabic.
The new Saudi Arabian Company for Industrial Investment will have capital of SAR2 billion.
Branson was looking for potential Middle East investors for his $1.7 billion cruise ship project, according to media reports.
The company is looking at deals in healthcare and education.
The country imported 10.65 million tonnes of barley in 2013.
The hotel chain is focussing on Saudi Arabia and the UAE with four hotels apiece.
Trading in shares of Amlak was suspended in November 2008 as credit markets dried up.
The e-commerce site will invest the amount in boosting technology and improving its mobile offering.
The five-year deal will be only the fourth Kangaroo transaction from a Middle Eastern bank.
Net profit in 2013 was 46.2 million dinars ($164.1 million) compared to 33.7 million dinars a year earlier.
The declaration by Servcorp’s CEO was followed by the first public announcement confirming 120 day ‘hassle free’ business licenses will be made available in Dubai.
The 1,291 square-foot restaurant will be located in Parramatta, Sydney, the company said in a statement.
The New York Times, quoting U.S. intelligence, said last week that the Iranians were building a mock-up of a U.S. nuclear-powered aircraft carrier.
The non-agreement on the structure and the valuation of the deal were the primary reasons to call off the merger, a statement said.
The Saudi index, which includes several large petrochemical companies, eased throughout last week as oil prices retreated.
Doha carrier looks to capitalise on Djibouti’s rising commercial profile
Iran and Syria are the main issues for discussion at the summit, scheduled to take place in Kuwait on March 25-26.
Companies hiring illegal workers will be subject to a recruitment ban lasting two years and will be blacklisted as per new rules.
Priced at Dhs439, the device is part of the new Nokia X family of affordable smartphones.
Dubai carrier makes unusual move and decides to drop new route
Foreign investors now hold 13.7 per cent of Dubai Investments’ shares out of the total 20 per cent allowed, bourse data showed.
The company will issue as many as 110.3 million new shares with an over-allotment option of 16.5 million additional shares.
The new agreements will help avoid problems that arise from misinterpretation of the documents, a statement said.
It was not immediately clear who planted the bomb or the extent of the damage.