The U.S. has abandoned efforts to arrange a summit with Gulf Arab leaders due to divisions with the group of its regional allies, officials said.
If it goes ahead, the sale of Mauser would be one of the largest asset disposals by the emirate since its debt crisis in 2009.
Air Berlin needs to remain German so as not to lose its traffic rights outside the European Union, a German weekly reported.
The Kingdom’s tourism sector provided around 751,000 new jobs in 2013, including around 27 per cent of them for Saudis.
Oman’s government has said it would revive its privatisation programme to raise revenue and stimulate the private sector.
Paris-based Webedia has bought a majority stake in digital media firm Diwanee.
The sukuk will enhance the bank’s Tier 2 – or supplementary – capital.
The offering is likely to take place before the end of the year or in the early part of 2015, sources say.
The share sale is expected to take place on Dubai Financial Market around the end of this year.
Expenditure in April-September accounts for a little over 44 per cent of the record 210.6 billion riyals Qatar plans to spend in the 2013/14 fiscal year.
The 13 sentenced to between three and 14 years in prison were nine Saudi citizens, two Jordanians, an Egyptian and a Syrian.
Ahmad Belhoul, the CEO of Strategy at Dubai’s Department of Tourism and Commerce Marketing, has been appointed as Masdar’s new CEO.
The Capital Markets Authority issued the regulations in June 2013, giving companies until the end of 2014 to implement them.
Qatar is planning to spend $27.5 billion over the next five years on new roads and interchanges.
Islamic banking assets grew 12.2 per cent in 2013, compared to the 11.2 per cent growth posted by conventional banks last year.
The world’s fourth-largest port operator posted annual revenues of $3.07 billion for 2013, down 1.5 per cent on 2012.
Battery issues are still being investigated by the U.S. National Transportation Safety Board.
Last month, Qatar’s 2022 World Cup organisers said they would penalise contractors who violate the welfare of construction workers.
The contracts cover projects in its Al Furjan and International City communities in Dubai.
The tender, issued earlier this month, is for the rolling stock, systems, depot facilities, trackwork and other aspects of Doha Metro, sources say.
Only a quarter of Dubai firms will increase schooling allowance for employees this year, says a Mercer study.
The Dubai Department of Economic Development is currently conducting a feasibility study along with Noor Investment Group.
The deal will reinforce confidence in Dubai’s property market, curbing apprehensions on market volatility, says expert.
The lenders – Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank – are now the frontrunners to acquire the business.
The number of firms operating under DSOA grew to reach 929, the company said.
The Islamic investment firm’s unit is in the process of selling a majority stake in English soccer club Leeds United.
The Android Wear project is open to software makers to create apps for the watches.
The sector contributed around Dhs117.4 billion- 8.4 per cent- to the UAE’s GDP in 2013.
The projects will be in transport, energy and other sectors, the central bank governor said.
Microsoft announced that its new gaming console will be made available in 26 additional countries.